Watches are just fashion statement or status symbols now. Nothing wrong with Seikos, but with someone like Desteretardo, it's obviously screaming "Look! I bought this watch on sale for $200! Aren't I rich?!" Total lower-middle-class-pretending-to-be-rich posturing. And Dest didn't win this thread....he's somewhere sitting on his hands going crazy that he can't be replying 10X to every post about his fake trading exploits.
to destriero (and all others that can help)
- Thread starter happy trading
- Start date
And to come back to OP's very original question, 13 pages ago. You just need to read any financial books that teach options (NOT the ones from James Cordier - Stay away from those if you see he is the author!!) or just simply read through investopedia.com. Bottom line: stick with books or websites that actually teach about options, its pricing theory, how they work, its greeks (make sure you understand them), the different combos/strategies (make sure you know how to draw a payoff diagram - this is VERY important!!) and stay away from books/strategies that tout a particular strategy like it's some kind of holy grail or miracle option strategy. Just like any financial assets, there is NO holy grail in options trading either. It's very important that you remember this. And then start off with demo trading and then eventually live trade to practice what you've learned from the books/websites. I would say trading practice is more important than theory in options trading because large part of the profit depends on the execution more I find than any other financial assets. If you are able to get a good execution, then the MM will get screwed (sometimes it happens and it's a great feeling when it does
) but if you get a bad execution then you get screwed. It's really that cut-throat sometimes.Options, once you understand everything is not that complicated or that mysterious IMO. So don't get fooled by those "gurus" who walking around like they know some kind of secret(s) to options or options trading that are superior than others. All those who thought they did all eventually failed. All it is just knowledge and lots and lots and lots of practice.
Good luck! Sorry it took me so long to answer your question. I got distracted a bit by the trolls on here.
Nowadays you don't need to wear a watch. All you need is a cellphone. And besides if you are rich enough, time is irrelevant to you.
Yeah, sure. I am a bit of a hoarder and trying to break myself of that. I sold the Nautilus because they've doubled in price and as a source of funds for a flying double tourbillon. Amazing engineering. It feels weird not to wear a watch after so many years.
Coning from a guy that thinks that the only way to earn from short vol is decay?
Now I've got both watch and gun envy lol.. gotta love well-made mechanical stuff... I collect old vintage saxes
No. There is something very sexy about a well-built and well-made watch. There's a reason the Pateks, Rolex and Breitlings command so much premium.