LOL they know their math... basically he's saying the probability of making profits when buying is 20%, and the probability of making profits when selling is 80%.
Risk reward sucks for options
- Thread starter wxytrader
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LOL they know their math... basically he's saying the probability of making profits when buying is 20%, and the probability of making profits when selling is 80%.
The bull SL thing in no book. Corridors in this context are delimited delta1 positions (up/down bounded).
Well you weren't born speaking Optionese, so where did you learn it?
Larry Mcgowens Options as a strategic investment?
I completely believe this 100%. You should try reading other books too.
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On the contrary, there's a very good reason... he's fragile, like the glass menagerie of complex orders he loves touting.
You want to have a good conversation about finance, FFS don't listen to Beck. Go to Stern, Wharton, or Booth!
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Forget the vocabulary for a moment. Beck/Dest/Poopy (whatever he's masquerading as these days) likes to show off but he's a transparent, one trick pony. He has good knowledge of options but that's it. He's not an educator by any means. And, what really gets him off is a feeling of superiority. Ignore him.
Natenberg is the intro and make sure you have a grasp of multivariate calculus. Move on to Hull but there's time for that (provided you know calc).
And then, as they say, practice practice practice... but with pencil and paper at first; don't use real money you can't afford to lose.
Also learn to
#nuffsaid
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It is the bull market, no skills needed.
Except, when NVDA became the most valuable company ever, > $3T, with a PE north of 80, like CSCO back in 2000, perhaps a black swan is just around the corner.
