Trading Options as a business

"I have a large amount of money acquired through my professional employment."

GOOD....then you can afford to lose a boodle figuring out you don't have a clue.
:-)

 
CashDelivery said:
There are too many cynical day traders on here, who make all sorts of incorrect assumptions off their own negative experiences.
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Bullseye -- that's what I'm quickly picking up as well. o_O
bullseye_773659.jpg


...I prefer reading neutral objective statements and opinions from people -- rather than a bunch of jaded subjective one's.
 
CashDelivery said:
There are too many cynical day traders on here, who make all sorts of incorrect assumptions off their own negative experiences.

I have a large amount of money acquired through my professional employment. I am not out for a short term gain like many of the people on here, I am out to try and develop a sustainable trading operation. Hopefully that will give you a better idea of where I am coming from.
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Options, aren't the way sorry, flat market = losses, atleast with Stocks you can sit a flat market out, Options they just devalue till zero.

There are times, when options are great, don't get me wrong, it's the rest of the time, trying to make an income will make you try to trade all markets and cost you too much.

Day trading, ie intraday is actually the most predictable, but mentally also the hardest as there is no time to think at all, hesitate and trade lost or you bought the top again!

If you have a large amount of money, be happy, go spend it having fun, not trying to make more, odds are you'll lose it.
 
CashDelivery said:
There are too many cynical day traders on here, who make all sorts of incorrect assumptions off their own negative experiences.

I have a large amount of money acquired through my professional employment. I am not out for a short term gain like many of the people on here, I am out to try and develop a sustainable trading operation. Hopefully that will give you a better idea of where I am coming from.
More...


#gay4pay?

Every noob in the history of options-trading starts out with this "option income" cognitive dissonance. Ur smart and the mkt is stoopid. Options are an ATM machine, Bro. Treat it like a bizneth and you will make meellions. Guaranteed.

As stated; intent isn't going to get you ANYWHERE. Visualizing, cleaning ur desk, wearing suspenders, etc., won't amount to a hill of d*cks.

You're HERE because you need to change your timing belt... but you just found out that mofo is $2,800 at the stealership. F*ck that, I am smrt. I had a bidness!

Ahh, the realization hits... gotta pull a bunch of sh*t off; radiator, manifold, water pump and a million 17mm bolts, right?

F*ck me... this thing is DOHC and dual, twin-scroll turbos. $2,800. Hmmm.

This is a interference engine?! wtf? So now you gotta make sure those cams don't move and the pistons slap into those inconel valves or it's a $20K engine rebuild.

Now you're 18hrs into this timing belt and tensioner bullsh*t and around the 11th Red Bull the epiphany hits. You're summarily f*cked. You have 108 parts sitting in a heap and you are too embarrassed to call AAA for a tow to the dealer. You realize that that pile of parts will cost you an add'l $5K.

The mechanic at the dealership knows an order of mag more than you. It's not an issue of EMH as much as a white-guy who went to Tufts thinking he can play NBA ball. Meta4.

You can't.

JT9gePk.jpg
 
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I have noticed options for income type material popping up everywhere on the net the Last couple of years, must be the latest trend for vendors
 
destriero said:
#gay4pay?

Every noob in the history of options-trading starts out with this "option income" cognitive dissonance. Ur smart and the mkt is stoopid. Options are an ATM machine, Bro. Treat it like a bizneth and you will make meellions. Guaranteed.

As stated; intent isn't going to get you ANYWHERE. Visualizing, cleaning ur desk, wearing suspenders, etc., won't amount to a hill of d*cks.

You're HERE because you need to change your timing belt... but you just found out that mofo is $2,800 at the stealership. F*ck that, I am smrt. I had a bidness!

Ahh, the realization hits... gotta pull a bunch of sh*t off; radiator, manifold, water pump and a million 17mm bolts, right?

F*ck me... this thing is DOHC and dual, twin-scroll turbos. $2,800. Hmmm.

This is a interference engine?! wtf? So now you gotta make sure those cams don't move and the pistons slap into those inconel valves or it's a $20K engine rebuild.

Now you're 18hrs into this timing belt and tensioner bullsh*t and around the 11th Red Bull the epiphany hits. You're summarily f*cked. You have 108 parts sitting in a heap and you are too embarrassed to call AAA for a tow to the dealer. You realize that that pile of parts will cost you an add'l $5K.

The mechanic at the dealership knows an order of mag more than you. It's not an issue of EMH as much as a white-guy who went to Tufts thinking he can play NBA ball. Meta4.

You can't.

JT9gePk.jpg
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I think you have lost your mind.
 
wwatson1 said:
I have noticed options for income type material popping up everywhere on the net the Last couple of years, must be the latest trend for vendors
More...


Mainly binary options, which are really options at all, pure gambling, will the market be higher or lower in 30seconds time,the payouts are so small, you have to be tight 66% of the time, just to break even.

High risk, high reward and they get around the pattern day trading rules, why i switched to them.
 
If you go through the previous posts of OP (#CashDelivery), you will know where he comes from. He is one of those beginner that claimed he had a lot of money (questionable), and he believes he can generate "consistent income" by using those BS Iron condor or any type of credit spreads.

Let him go to this route himself and figure out the true in hard way ..
 
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