This strategy is not for retail traders. But it does not mean that this is the only one out there. You are in some sense like those lawmakers whose thinking does not go beyond 1 single strategy for all: buying stocks for long-term and getting a real job to pay the bills. By the way I am just curious what those options professional traders are going to do if they will have to pay the transaction tax?
Wealthy Option Traders
- Thread starter CandleStick77
- Start date
This strategy is not for retail traders. But it does not mean that this is the only one out there. You are in some sense like those lawmakers whose thinking does not go beyond 1 single strategy for all: buying stocks for long-term and getting a real job to pay the bills. By the way I am just curious what those options professional traders are going to do if they will have to pay the transaction tax?
if that tax passes, it will be the end of the financial industry as we know it.
Come on, use common sense. If a system works, they wont have to sell it on the internet.
Thank you so much for that link. Its funny but his trading style is what I am reading in a book right now. Although its a little different. The book is "Red Light Green Light" By wade cook. He keeps stating about different months of the year for releases that puts pressure on stocks to do different things. In partiuar earnings as the strongest indicator other then the overall market itself.
This is exacly what I am getting at. It is absolutely possible to compound and make money. That newbie did it so why couldn't I? Thanks again for the thread
This may be a stupid question. But I don't have television so does anyone know of what website is best for upcoming earning announcements and earnings releases?
Note, I messaged the OP of that thread last year, his trades were from a subscription to an options advisory website. Don't think it was just a rookie making great calls.
check earnings.com.
cnbc.com also has a decent earnings calendar.
briefing.com has a good upgrades/downgrades calendar.
http://www.briefing.com/Investor/Public/Calendars/UpgradesDowngrades.htm
check earnings.com.
cnbc.com also has a decent earnings calendar.
briefing.com has a good upgrades/downgrades calendar.
http://www.briefing.com/Investor/Public/Calendars/UpgradesDowngrades.htm
Candle, sorry to come off as a smartass. I was sincerely curious as to your "angle" with the original post. Actually, I think you will get much further here on ET if you are willing to come clean with your actual motivation and a little background, along with some specific questions, rather than just throwing out a general question seeking successful traders.
I am not a wealthy option trader, so my general trading advice to you is: be patient. always look at the risk of each trade, not just the reward. Don't put on too much size on any one trade, you need to be sure to have enough to trade again tomorrow. When you continually over-leverage, it doesn't matter how great your strategy is-eventually your chips will be swept away.
There are a few smart people here who have helped others learn. You just need to start asking the right questions.
Good luck.
I am not a wealthy option trader, so my general trading advice to you is: be patient. always look at the risk of each trade, not just the reward. Don't put on too much size on any one trade, you need to be sure to have enough to trade again tomorrow. When you continually over-leverage, it doesn't matter how great your strategy is-eventually your chips will be swept away.
There are a few smart people here who have helped others learn. You just need to start asking the right questions.
Good luck.
