Ya, you are right .. Look at Google, Microsoft, ebay, facebook all start from small by the founder, but financial world is more tricky that tech world, innovation is not the only key to success, you need others (money, contacts, knowledge and etc).
Trading Options as a business
- Thread starter CashDelivery
- Start date
Ya, you are right .. Look at Google, Microsoft, ebay, facebook all start from small by the founder, but financial world is more tricky that tech world, innovation is not the only key to success, you need others (money, contacts, knowledge and etc).
I brought it up (MMing) because the OP has only a few posts and mentioned it. US regulatory forbids it (simult. bids/offers on one option or spread/combo) to protect registered MMers and more importantly the sell-side, whom have large MMing operations. You need to be an RMM or a BD to do so. Dilettantes can do anything because nobody has ever thought of it before.
I will tell you my a short summary of my situation. You can check my post history, I have been working in HFT for many years now. Over time I have accumulated a decent stash of cash that is literally burning a hole in my pocket because I did not have a plan for my money. It got to the point where I was carrying $20k in 100's sometimes just for amusement. I am taking action now.
My position is cash. We can all agree that that is bad for many obvious reasons. So I need to buy some stock. Now rather than just randomly buy stocks, I can use some criteria and try to take advantage of my situation and get paid to buy stock.
I have no fear of assignment because I need the stock. And when I get enough stock and need some cash, I will get paid to get sell my stock. In the meantime, I will be trading as necessary to generate income.
My purpose in the market is that I have a lot of cash and I will be willing to take on the risk that others are uncomfortable with and I am fully comfortable with the outcome no matter what. Pretty simple.
My position is cash. We can all agree that that is bad for many obvious reasons. So I need to buy some stock. Now rather than just randomly buy stocks, I can use some criteria and try to take advantage of my situation and get paid to buy stock.
I have no fear of assignment because I need the stock. And when I get enough stock and need some cash, I will get paid to get sell my stock. In the meantime, I will be trading as necessary to generate income.
My purpose in the market is that I have a lot of cash and I will be willing to take on the risk that others are uncomfortable with and I am fully comfortable with the outcome no matter what. Pretty simple.
lol -- that's a very good, positive, confidence-inspiring feeling
...it's like walking around with a gun, kind of, ...you just feel good doing it.
the most I ever carried around in cash was about 5K. -- feels so good...to just have a wad of cash in your pocket. not to spend lavishly or anything, but just for the sake of it being there.
that was after a casino win playing blackjack.
Last edited:
wtf does carrying $20K have to do with anything? I made $600K my second year out of grad-school and I never carried cash. I bought a Hinckley and had to sell it a couple of years later for trading capital.
This smells bad. A guy who sounds like he cannot balance a checkbook is intent on losing it in vol simply because he can. Sounds reasonable and prudent.
How about building an HFT model, getting colo and printing money? If you knew anything about trading, which you don't, you'd stick to your knitting.
Troll thread.
Someone with many years of experience in HFT and super rich is asking this type of beginner questions?
Highly suspicious.
CashDelivery has bamboozled you guys, played all of you like a fiddle. Doesn't surprise me though - ET is full of gullible stupid people.
Take your 20k to a strip club. You will probably end up with the same amount as you will with your covered call plan but have a lot more fun.
As a "guy" who registered in April of this year, you know about a flash in the pan character from 2011?