The truth, I'll prove it

I must be really crazy then, because I've been trading fulltime since 1996. If all I've been doing is losing money, who's been paying my mortagages all this time (notice the "s" in mortagages, as in plural, trading has paid the down payment on all my investment properties). Damn I guess I'm lucky the bank hasn't caught 8 years of bounced checks.

What a joke, you wanna see my statements... please son, you would probably cry. Furthermore, I couldn't possibly care any less if you believed me.

However, in the interest of fairness I do have to give you one thing selling puts and calls away from the current market, especially index options, can be very profitable if done right but the volitality (VIX) has to be there to get good premiums, which it has not been for over a year.
 
Quote from marketsurfer:

yes, it is actually a double negative sum game. let me use scalping as an example --- one scalps for two YM points earning 10.00 per trade. let us assume a commission of 3.00 per round turn-- a winning trade earns the trader 7.00 after commission, a break even trade loses the trader 3.00. and a losing trade will lose the trader at a minimum 8.00--- so as you can see--breaking even is actually losing--you can lose by losing and you lose by breaking even--double negative to one positive.

without a quantifiable edge, you will lose in this game.

surfer :)
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Also I'd like to mention the winning party of the trade incurs commission as well.
 
Although I meant my previous comments as an attempt at humor, perhaps what is needed to change a loser into a winner is a good hard swat on the ass from a latex clad female, followed by a barrage of insults, every time the trader fails to adhere to the rules.
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So everytime I lose I get spanked and yelled at by a chick dressed in the cat woman uniform ... and that is supposed to unconsciously deter losing?? Whaa?
 
I sell covered deep out of the money options with 2-3 month left to expire for very small % gain. I belive that is all you can hope for in the markets.

let me no your thoughts or prove me wrong.:) [/B][/QUOTE]

If this is all you can hope for, then you need to look at the bigger picture.

Far too many on this site limit themselves with being scalpers or searching for some black box system as a road to riches.

The markets are coming full circle, IMO, back to the pre-bubble days, where a solid understanding of correlations, fundamentals, technicals, and a grasp on sentiment are key ingredients to making a living in this field.

As an example, the Atkins craze has been a good example of profiting off trends in US eating habits... check the charts.

Longs: TSN, JBSS

Shorts: KKD, PNRA, and PLB

Good luck.
David
 
Hello:
I am watching the Lakers kick San Antonio's butt and I would like to point out that the Laker girls are wearing some very nice latex outfits. One can only wonder what may have motivated them to come back from being down 0-2 to winning 4 straight to clinch the series. I will bet you that after each of those first two losses in San Antonio, those Laker girls were paddling some Laker butt in the locker room. Just a thought. Regards, Steve46
 
Quote from lsudaytrade:

Also I'd like to mention the winning party of the trade incurs commission as well.
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yes, i said that. in the casino there is no commission or vig to the winner or loser.......


surfer :D
 
I think you are misunderstanding my strategy steve46.

Do you think I sell puts and own an equal amount or shares in the underlying to cover the position?

:cool:
 
Anyway this is like arguing with my girlfriend, If nobody will post proof of earnings which I am sure loads of aspiring traders on elite trader would love to see fine.

You all could but you don't have the time, why should you ....what's in it for you....etc etc.

It's amazing how a simple request can ruffle so many feathers.
(sorry jficquette)

I'm obviously not going to give anybody any money just wanted to see how far people would take there bluffing.

Hope to do this again soon. I think a few of you need to take a cold shower and have a drink.:D
 
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