This reminds me of the time when I called out those bucket shop market makers who trade against us retail traders in forex...
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The #1 Skill In Selling Options
- Thread starter OneGlanceTrader
- Start date
This reminds me of the time when I called out those bucket shop market makers who trade against us retail traders in forex...
@newwurldmn is just lucky. Win/loss ratio is not everything in options trading; it's the how much earn vs. how much you lose that is most important. If you made 10 wins of $500 each but loses $10K in one shot because of gamma and surprisingly theta doesn't work for you anymore, you end up in the red. But when you've lost 10 times for $500 each, this one time that you won, you won't be winning $10K; you will only be winning $4K because of theta and surprisingly gamma when it worked so well against you before all of sudden doesn't work for you anymore this time; it's theta now that takes over. This is what I am trying to illustrate. So it's when the "battle is in your favour", you are only winning a little bit but when "the battle is not in your favour", you are losing a lot more.
I guess with you idiots, just outlining my theory was not enough; it was way over your head. I have to really illustrate it with numbers. It's you who need to close your ego and start opening up your brain.
Yeah. You ineloquently said options have a skewed payoff. That's not insightful.
Options are zero sum, but the longs lose and the shorts lose. Somehow the market makers (who make only a few cents per contract) are the only ones who earn.
I'm sill waiting for that academic research you alluded to.
The next academic research paper he reads will be his first
Yeah. You ineloquently said options have a skewed payoff. That's not insightful.
Options are zero sum, but the longs lose and the shorts lose. Somehow the market makers (who make only a few cents per contract) are the only ones who earn.
I'm sill waiting for that academic research you alluded to.
Hello boys! I aaam back!
hey you all! Why are you bullying this kid and taking his lunch money? Don’t you have a class to go to?
@Baron, are you just going to let this continue and let these bullies beat up every new guy who dares to voice his opinion, claiming to be helping him?
One guy says he was there during 87 crash. He must be over 80 and he is beating up this poor guy. Gawd!
hey you all! Why are you bullying this kid and taking his lunch money? Don’t you have a class to go to?
@Baron, are you just going to let this continue and let these bullies beat up every new guy who dares to voice his opinion, claiming to be helping him?
One guy says he was there during 87 crash. He must be over 80 and he is beating up this poor guy. Gawd!
Why don’t you show the “real way” to trade, Tacobell or whatever? You can’t cut your losses in an online forum and you are such a hotshot trader? I get it, you beat up some one online when you have a bad day in trading, don’t you?
Hello boys! I aaam back!
hey you all! Why are you bullying this kid and taking his lunch money? Don’t you have a class to go to?
@Baron, are you just going to let this continue and let these bullies beat up every new guy who dares to voice his opinion, claiming to be helping him?
One guy says he was there during 87 crash. He must be over 80 and he is beating up this poor guy. Gawd!
11 posts and not one providing any useful information. Great job.
Hello Bully number 2! Didn’t get the message? This is the useful and needed service.11 posts and not one providing any useful information. Great job.
Hello Bully number 2! Didn’t get the message? This is the useful and needed service.
I look forward to reading a list where you are considered a valuable poster on this site.
I got crushed today on TCDA. Sold the $5 put, which expires on 18th november, some weeks ago for $2,25. Underlying price was at $12. Nice premium received. But in hinsight it was a poisened gift. TCDA crashed today 94%. Options are in the money. TCDA is priced at $0,60! Options price is now $4,40. But option wasn´t executed yet. For me it makes no sense to buy the puts back. I am waiting to get the shares and hope for a rebound. I will never ever sell naked puts on biotechs again. This is what i learnt from this story.