This site helped me

[taowave]

Nor do I care...You have posted enough to show that you are an odd lot Newb who is unteachable.

Welcome to the Big "I" and best of luck selling puts to capture down moves when you are bullish

You don't even know what my approach is lol.

 

[newwurldmn]

Nor do I care...You have posted enough to show that you are an odd lot Newb who is unteachable.

Welcome to the Big "I" and best of luck selling puts to capture down moves when you are bullish

Took you long enough.

 

[wxytrader]

Nor do I care...You have posted enough to show that you are an odd lot Newb who is unteachable.

Welcome to the Big "I" and best of luck selling puts to capture down moves when you are bullish

See right there you have it backwards. I'm Selling puts to capture down moves when I am bearish.

 

[taowave]

Lol...Tht dude is a hot mess...

Took you long enough.

 

[Slow Learning Elf]

Wait, so you are saying the trader didn't make 1 bil selling cheap vol?

I do know a trade who lost a billion selling cheap vol. But as we all know, when you lose a billion, you automatically get a re-do.

 

[Slow Learning Elf]

It's the same thing...if you have more chance of becoming profitable then you have more of an edge.

In Russian roulette, you have a chance of profit of 5/6...

 

[taowave]

Not many caught my sarcasm..
Funny you said what you said..

It does appear that the more you lose,the more chances you get.

When I worked at a major Hedgie
the Big dog loved taking shots on smart guys who had blown out in spectacular fashion thinking they could corral them..

I do know a trade who lost a billion selling cheap vol. But as we all know, when you lose a billion, you automatically get a re-do.

 

[Slow Learning Elf]

the Big dog loved taking shots on smart guys who had blown out in spectacular fashion thinking they could corral them..

It's a thing, right? Someone blows up bigly, "he's a real risk taker, just got unlucky". The guy I am talking about actually blew up a few times (he was at a bank before).

 

[taowave]

Lol!!!!

Its definetly a thing..

At the fund I worked at they basically broke it down into 2 buckets.

Guys who "won't hurt you" and guys who you have to "manage".

It's a thing, right? Someone blows up bigly, "he's a real risk taker, just got unlucky". The guy I am talking about actually blew up a few times (he was at a bank before).

 

[Overnight]

What I find uber is that the OP last responded to his own thread with a "thank you" bit on Tuesday night, and for the next 7 pages all he sees is you dunderheads blathering and bickering about details. Roffle.

You guys have given him a free education without him having to ask for it.

Bravo!

I might as well add my own bit. What the hey, hehe.

This music will help you in trading, OP. Somehow!