Personal note
- Thread starter dagnyt
- Start date
You still cannot read and understand English, regardless of how many other languages you speak.
If a method had an 80% chance of being profitable - that obviously includes the need to make adjustments and/or any other possibility you care to name - then it will be profitable 80% of the time. By definition. That's simple language.
That's all I said. Too bad you choose to rant. It is easier than understanding.
Mark
I will not respond to anything ese you have to say on this topic.
I agree with Mark 5-10% a month is infact possible given a few things
1. You are recycling your capital every month
2. You have a margin account
Given those circumstances I think those returns are somewhat realistic believe it or not. I dont think everyone will do it, but if you meet 1 and 2 it is very possible. With a non-margin account I think a good goal is too shoot for 25-30%.
PS Madoff was claiming over 10% a month at the end.
PPS Congrats on the book.
Mark
Spamming His Site
1. You are recycling your capital every month
2. You have a margin account
Given those circumstances I think those returns are somewhat realistic believe it or not. I dont think everyone will do it, but if you meet 1 and 2 it is very possible. With a non-margin account I think a good goal is too shoot for 25-30%.
PS Madoff was claiming over 10% a month at the end.
PPS Congrats on the book.
Mark
Spamming His Site
To M&M,
Losses are just too common when using this strategy. So if you get overconfident, you may manage risk carelessly. That would not be a good thing.
Mark W
I can't really see that being a problem for me. I'm quite content earning $500 per 10 lot of ICs and using protection I feel five 10 lot ICs spread across different vehicles makes me feel more comfortable in using half ofa 100K account. Only one small incy little problem, I don't quite have a 100K. (oh well..)
I agree with Mark 5-10% a month is infact possible given a few things
1. You are recycling your capital every month
2. You have a margin account
Given those circumstances I think those returns are somewhat realistic believe it or not. I dont think everyone will do it, but if you meet 1 and 2 it is very possible. With a non-margin account I think a good goal is too shoot for 25-30%.
Mark S.
Thats what I thought, finally I'm not alone
but margin account? how is this different to a normal options account? 
Losses are just too common when using this strategy. So if you get overconfident, you may manage risk carelessly. That would not be a good thing.
Mark W
I can't really see that being a problem for me. I'm quite content earning $500 per 10 lot of ICs and using protection I feel five 10 lot ICs spread across different vehicles makes me feel more comfortable in using half ofa 100K account. Only one small incy little problem, I don't quite have a 100K. (oh well..)
I agree with Mark 5-10% a month is infact possible given a few things
1. You are recycling your capital every month
2. You have a margin account
Given those circumstances I think those returns are somewhat realistic believe it or not. I dont think everyone will do it, but if you meet 1 and 2 it is very possible. With a non-margin account I think a good goal is too shoot for 25-30%.
Mark S.
Thats what I thought, finally I'm not alone
but margin account? how is this different to a normal options account? Mark S. [/b]
Thats what I thought, finally I'm not alone but margin account? how is this different to a normal options account? [/B][/QUOTE]
The big difference is how risk is evaluated. A standard account (reg t) margins based max loss potential. A margin account actually evaluates realistic risk. Thus the trader can trade more.
Thats what I thought, finally I'm not alone
but margin account? how is this different to a normal options account? [/B][/QUOTE]The big difference is how risk is evaluated. A standard account (reg t) margins based max loss potential. A margin account actually evaluates realistic risk. Thus the trader can trade more.
Quote from falcon:
Thus the trader can trade more.
I like the sound of that
'Trading more' - and that means more size is exactly what I was referring to when I mentioned that success can lead to 'carelessly managing risk.'
We each have our own opinions, but it is my experience that the traders who get into trouble most often are those who had some success, and then decide 'this is easy' and increase the number of contracts traded.
Your comment that you are happy with what you are doing is important. Remain happy, and confident, and most importantly - stay within your comfort zone.
You do not want to use 'portfolio margin' just because it allows larger positions. Please continue to think in terms of 'how much money can I lose with these positions' - as measured by Reg T margin - and you will find yourself in trouble far less frequently.
Bad things will happen. That's ok. If the losses are small enough, you easily will survive.
Good trading
Mark W
Wise words Mark, note taken. Asked my broker & another about portfolio margin out of curiosty, bunch of criteria I won't be able to meet anyways.
Also, was told if was able to qualify and then trade more I can apply for lower contract fees, possibly 1.25 per contract. I would still have to pay the minumn fee (ticket cost) though, does'nt seem all that appealing. Thought they would at least offer to waiver the ticket cost
Also, was told if was able to qualify and then trade more I can apply for lower contract fees, possibly 1.25 per contract. I would still have to pay the minumn fee (ticket cost) though, does'nt seem all that appealing. Thought they would at least offer to waiver the ticket cost
You still have not figure it out yet? I did not answer that fellow's post because I knew you would be running around hoping the question gets answered without you committing either way (playing straddle in knowledge/games). I will give you more time, so that we will know that you are hopeless.
You are in the noose. No where to move except down. So you better come up with the correct answer to limit the damage.
PS: I am almost sure that some pros on this forum know that you are wrong , but probably do not want to embarrass you by giving the answer after you have committed to the wrong answer.