The #1 Skill In Selling Options

If that’s how you live, you shouldn’t be trading.




less than 10%? That's like what? 9.95%?? That's still a lot. On a $100K portfolio let's say, you would've lost close to $10K, that's 6 months of mortgage payments for somebody. Remember we are talking about retail traders here not some big-shot institutions that have trillions of dollars of assets. Even if you shrink that portfolio to $10K, 10% is still $1K, that's still 5 weeks of grocery for a family. So basically one loss, that entire family doesn't get to eat for 5 weeks assuming the trader is playing with only $10K of their savings.
 
If that’s how you live, you shouldn’t be trading.

That's the reality of retail traders and that's a typical budget of a retail trader. You think all retail traders who flocked to options trading are all multi-millionaires who have millions to play in the market and can afford to lose 10%?

Besides, we don't care if we don't trade and by the time when we lose all our money to the MM's we won't have a choice but to go back to the corporate world to be chained to our desk working. Just tell that to all the MM's that they are going to lose 200% of the trading volume in options trading. LOL It's the MM's that's going to lose their commissions.

All in all, I am just pointing out the reality of options trading for retail traders especially the unfairness of it so they know exactly what they are getting into.
 
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It’s 10% of a trader’s account. It’s a percentage of the money a trader can afford to lose. It can be even 1 contract to begin with and can be scaled, if they master trading, no? At least, that’s how I started 2 years ago and am still here making more than I lose. I don’t have that fear of losing money or missing out a trade anymore. I think I have balanced myself, although there is still lot of room for improvement and learning.
 
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If you ever read Ron Insana's book he has some great stories about 87. He was in the CBOE classroom and when classes were canceled, he just roamed the floor for the week.
"Trader's Tales." It may be hard to find.


Damn, ETJ, Ron Insana. That's a name I have not hear for awhile (he might be on the talk shows, I don't watch those, but I remember the name from back in the day)! Book worth reading I take it?
 
Ron is still a contributor to CNBC and a couple of other financial shows. He had the good fortune to be at the CBOE on 10/19th. So an insider perspective for the market break. Worth buying?
Sure, but I'm partial. Spent the better part of that week with him.
 
IF it helps you sleep any better,there is no such thing as "we lose all our money to the MM".They really aren't the predatory beast that keeps you up late at night.

They wont steal our lunch money..if anything,they are providing liquidity so guys like you lose less per trade before going the way of the dinosaur..

When you say retail trader,are you referring to the retail degenerate who come in punting looking to catch the next GameStop,or their chucklehead relative who blindly sells just enough puts to end their trading career before it ever got started??

If it's those fockers, ild consider down 10 percent a good day at the office..












That's the reality of retail traders and that's a typical budget of a retail trader. You think all retail traders who flocked to options trading are all multi-millionaires who have millions to play in the market and can afford to lose 10%?

Besides, we don't care if we don't trade and by the time when we lose all our money to the MM's we won't have a choice but to go back to the corporate world to be chained to our desk working. Just tell that to all the MM's that they are going to lose 200% of the trading volume in options trading. LOL It's the MM's that's going to lose their commissions.

All in all, I am just pointing out the reality of options trading for retail traders especially the unfairness of it so they know exactly what they are getting into.
 
Your reality is on PCP, LSD, or some fun mushroom.

If you can’t lose 10percent you shouldn’t trade. Period.

The market makers aren’t your enemy. If you had to wait for a natural opposite to trade you would never execute. Even the OTC options market has market makers. Market makers trade with you in the hopes to make money on the bid offer of your flow. If you can’t earn above this spread, you shouldn’t trade.

I think you shouldn’t trade.

That's the reality of retail traders and that's a typical budget of a retail trader. You think all retail traders who flocked to options trading are all multi-millionaires who have millions to play in the market and can afford to lose 10%?

Besides, we don't care if we don't trade and by the time when we lose all our money to the MM's we won't have a choice but to go back to the corporate world to be chained to our desk working. Just tell that to all the MM's that they are going to lose 200% of the trading volume in options trading. LOL It's the MM's that's going to lose their commissions.

All in all, I am just pointing out the reality of options trading for retail traders especially the unfairness of it so they know exactly what they are getting into.
 
Your reality is on PCP, LSD, or some fun mushroom.

If you can’t lose 10percent you shouldn’t trade. Period.

The market makers aren’t your enemy. If you had to wait for a natural opposite to trade you would never execute. Even the OTC options market has market makers. Market makers trade with you in the hopes to make money on the bid offer of your flow. If you can’t earn above this spread, you shouldn’t trade.

I think you shouldn’t trade.

IF it helps you sleep any better,there is no such thing as "we lose all our money to the MM".They really aren't the predatory beast that keeps you up late at night.

They wont steal our lunch money..if anything,they are providing liquidity so guys like you lose less per trade before going the way of the dinosaur..

When you say retail trader,are you referring to the retail degenerate who come in punting looking to catch the next GameStop,or their chucklehead relative who blindly sells just enough puts to end their trading career before it ever got started??

If it's those fockers, ild consider down 10 percent a good day at the office..

Don't think first of all that you guys are retail traders but rather institutional traders so technically you are not really in the best position to judge us considering we are facing completely different cost and budget structure as you. Second, never said MM is my biggest enemy but rather just exposing the fact that options market is rigged with excessive risk that's uncompensated by payoff so if we are acing excessive risk then how's on the other side creating this risk for us? It's not hard to figure out.

Dunno what you two trolls are excited about. What I said hit a nerve perhaps? LOL And yes, 10% is a lot. If this is what can happen in options trading, people need to know and to be aware of this.
 
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Don't think first of all that you guys are retail traders but rather institutional traders so technically you are not really in the best position to judge us considering we are facing completely different cost and budget structure as you. Second, never said MM is my biggest enemy but rather just exposing the fact that options market is rigged with excessive risk that's uncompensated by payoff so if we are acing excessive risk then how's on the other side creating this risk for us? It's not hard to figure out.

Dunno what you two trolls are excited about. What I said hit a nerve perhaps? LOL And yes, 10% is a lot. If this is what can happen in options trading, people need to know and to be aware of this.


You don’t know what you are talking about.
 
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