You can call me Optioncrotch all you want, I did not make a silly bet and brag about it. I will remember to keep useful advice to myself next time.
TRADE ALERT - Buy RIMM Oct 2008 105.00 calls
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You can call me Optioncrotch all you want, I did not make a silly bet and brag about it. I will remember to keep useful advice to myself next time.
Dude. Here's an epiphany:
Our existence is based on 'gambling'.
It's all ODDS.
Much of our conscious brain function involves calculating risk. If you think trading is not gambling think again. So what if it had a binary outcome? Just a different r/r profile compared to the morally superior trading.
Can you examine your 5 most recent trades and show they weren't 'gambles'? I didn't think so.
I've seen the above post many times before and the thought process seems utterly transparent.
This thread is a great example of how buying can be very risky.
There's been thousands of pages spent on the dangers of selling. Yet if the OP had risked $10k by selling naked puts (would have been 1 contract), FF would have been down less than $300 vs the actual loss of $10k.
It's not about selling or buying, it's all about the leverage.
There's been thousands of pages spent on the dangers of selling. Yet if the OP had risked $10k by selling naked puts (would have been 1 contract), FF would have been down less than $300 vs the actual loss of $10k.
It's not about selling or buying, it's all about the leverage.
Let's first clearly define our terms.
'Gambling' is negative expectancy.
Thus if you a fish, poker is gambling. Whereas if you are professional poker player, poker is NOT gambling, since you have positive expectancy.
In this situation, the OP has done absolutely no fundamental research regarding the earnings of RIMM. Therefore he is gambling. He has no edge. He deserves to lose.
False. It's a bear market. There is a lot of fear EVERYWHERE. Stocks don't go up on fear. The risk profile is NOT good for a reverse market climate trade.
For christ's sake, he was hoping for an earnings surprise at the beginning of a Bear Market. WTF.
Bulls got their run from 2003 - 2007. Now its the Bears turn.
don't feel sorry for this guy... he doesn't deserve sympathy.
i used to feel sorry for this guy. i'm a directional player, myself, and have struggled with my own bad picks.
but this guy is a jerk and a jackass and deserves to lose for maligning optioncoach, one of the most helpful people here on ET who also happens to have extensive knowledge of options.
Your advice is always appreciate.
I do not expect or want "sympathy' from anyone.
UPDATE
Replenished account with $10,000. I lost this battle with RIMM but I haven't lost the war.
PS.....thanks for making this one of the top 20 ET option threads. Over 5000 views.
Replenished account with $10,000. I lost this battle with RIMM but I haven't lost the war.
PS.....thanks for making this one of the top 20 ET option threads. Over 5000 views.