Robert Morse
Sponsor
Building a Stock Position by Writing Put Options IMO will make you broke faster than any other strategy.
SPY going to $260?
- Thread starter nooby_mcnoob
- Start date
Robert Morse
Sponsor
OK. This is my last try. The ONLY difference between realized and unrealized losses are for taxes. YOU STILL LOST MONEY.
Interesting! Can you tell me how? I do believe you but obviously I'd like to hear more about it. I can understand unrealized losses being a problem for margin but I have more than enough margin.
Do you lose money if (say) you buy a car and it depreciates? Not really... You bought the car. It only makes a difference if you try to sell it back to the market. Which I wouldn't do. So I'm still not sure what you're getting at, but I definitely trust that you know what you're talking about.
I will wait to learn the hard way. May be right on my SPY $260 but who knows otherwise.
Robert Morse
Sponsor
Give me a quick call if you want. My number is below.
Robert Morse
Sponsor
Using all caps, Robert Robert Robert, did someone drive you nuts?
You are one of the very few good guys in this broker business, one of the last men standing. I admire your patience and honesty.
Definitely appreciate the offer, and I echo @GRULSTMRNN statement. At this point, I'm only putting up 5% of my overall portfolio on this type of approach (since I am new to it) so even if I lose it all or twice the amount, it's not the end of the world.
But I do learn the hard way for better or worse. Get ready to be right
After thinking about it some more, I've decided to put the pause on the SPY puts for now. Will wait to see how other similar stuff plays out. Thanks for the feedback @Robert Morse