Supplement retirement income

Aquarians said:
In other words I'm on my way to selling my strategy for at least $500k to stupid retail if nothing better comes along.

Worth $500B overall so you would be stupid not to buy it. And keep it confidential.
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Can I pay it lite coin?
 
Aquarians said:
At the moment I'd pay you to listen to me. So I guess lite coin is better than that, welcome.
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I am intrigued by this. But I always ask why if people have a good system why sell it and teach why not just make money trading it? Is it an access to capital issue? I mean I know some of us have more to play with than others due to a variety of circumstances.
 
caroy said:
I am intrigued by this. But I always ask why if people have a good system why sell it and teach why not just make money trading it? Is it an access to capital issue? I mean I know some of us have more to play with than others due to a variety of circumstances.
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Yes, access to capital. Best trading strategies don't make 100x but double digit. Life has a minimum cost though, that's why without access to capital even a solid 100% (2x) would perish in front of 2% backed by $100MM.
 
You are the programmer right? I'm up 28% in a month on a weekly butterfly trade but I need a way to write a screen for it for opportunities. I use pinning based on highest OI do you have the skillset to write some code around this to highlight the opportunities? I have or at least I think I have an edge but I'm not the coding type. Philosophy major here a humanities guy. I'm interested in finding a code to screen my set ups?
 
caroy said:
You are the programmer right? I'm up 28% in a month on a weekly butterfly trade but I need a way to write a screen for it for opportunities. I use pinning based on highest OI do you have the skillset to write some code around this to highlight the opportunities? I have or at least I think I have an edge but I'm not the coding type. Philosophy major here a humanities guy. I'm interested in finding a code to screen my set ups?
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also like to buy a weekly calendar on mondays where there is a 60% vol diffrence and then i play straddles on Friday. Any way to screed for the best plays I would be interested in working with you on a coding side. I'm ramping up the capital to probably 500-750 k come April. PM me I guess if you can do this type of stuff.
 
I've been doing wheels for several years on SPY on my 401K. While it's relatively conservative strategy and it works, it's very hard to beat just plain simple buy/hold SPY. Especially if you trade on taxable account. Just do dollar cost average on SPY/QQQ and occasional covered calls (when SPY is seriously overbought) would beat most of active traders. Believe me, I know.

And 20% easy annual return part is seriously showing how inexperienced you are. Don't ever try to lever unless you really know what to do. You will blow up 200K and a lot more.
 
qlai said:
Why? What do you think would be more realistic?
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Name any funds or individuals with average annual 20% for last 10 years (proven, not their words). I am sure there are a few of them but probably most of them no. Even if you over-perform SPY some years, after tax (especially if you are in higher tax brackets) and time spent to place/manage trades, you under-perform SPY. I know this because my no trading 401K is doing just as good as my trading account (if not better) last 10 years. If I count the tax benefits, it's not even comparison.
 
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