What Options book are you currently reading?

SPX Options Trader said:
You've been day trading options since 1999...and you're still here paying the bills? If I understood you correctly,
I would expect someone like that to be a millionaire, many times over, already.

No offense, but you are a dumb student, learner, observer of nature. Just calling it like it is; the reality of it.
A new intelligent, bright, trader should generally be somewhat consistently profitable after a couple of years of solid learning, understanding and observing the market. And his own psychology and mentality and philosophy
If all that is covered...the beauty of consistent compounding and growth should make someone reach their treasure land, relatively quickly.
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Pretty rude man. From the way you post you should have made billions by now trading options.
 
zghorner said:
From the way you post you should have made billions by now trading options
More...

Hypothetically, in a paper trading, fantasy, mind, simulation account...I have grown a small, initial, trading account into a Billion.
Numerous times, on separate, different, occasions.
It's just a relatively simple matter of compounding and growing the account -- assuming you have the skill and formula in place.

But to grow an account into a billion in real life is another story.
Is it even possible to send a billion dollar options order in one strike price, in one expiration through the system?
That would be like trying to flush the turds of 9 elephants, 7 rhinos, 6 hippos and 6 giraffes into a toilet at once. It will get clogged, to say the least.
 
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SPX Options Trader said:
Hypothetically, in a paper trading, fantasy, mind, simulation account...I have grown a small, initial, trading account into a Billion.
Numerous times, on separate, different, occasions.
It's just a relatively simple matter of compounding and growing the account -- assuming you have the skill and formula in place.

But to grow an account into a billion in real life is another story.
Is it even possible to send a billion dollar options order in one strike price, in one expiration through the system?
That would be like trying to flush the turds of 9 elephants, 7 rhinos and 6 giraffes into a toilet at once. It will get clogged, to say the least.
More...
So you’re just trolling then. I love a good troll…dial it back a bit so it’s not so obvious though. More fun that way.
 
SPX Options Trader said:
You've been day trading options since 1999...and you're still here paying the bills? If I understood you correctly,
I would expect someone like that to be a millionaire, many times over, already.

No offense, but you are a dumb student, learner, observer of nature. Just calling it like it is; the reality of it.
A new intelligent, bright, trader should generally be somewhat consistently profitable after a couple of years of solid learning, understanding and observing the market. And his own psychology and mentality and philosophy.

If all that is covered...the beauty of consistent compounding and growth should make someone reach their treasure land, relatively quickly.
More...
PLEASE READ WHAT I WROTE. I do not day trade options but I have had trades that I closed the same day.
 
SPX Options Trader said:
You've been day trading options since 1999...and you're still here paying the bills? If I understood you correctly,
I would expect someone like that to be a millionaire, many times over, already.

No offense, but you are a dumb student, learner, observer of nature. Just calling it like it is; the reality of it.
A new intelligent, bright, trader should generally be somewhat consistently profitable after a couple of years of solid learning, understanding and observing the market. And his own psychology and mentality and philosophy.

If all that is covered...the beauty of consistent compounding and growth should make someone reach their treasure land, relatively quickly.
More...
You are insulting, and you have no idea about me. I've been trading options since 1999. I focus on win rate rather than profits, as it suits my personality. I have traded every combination and strategy over time and have done ok. I won't be blown up in the next 6 months, I hope you can say the same,even in your paper fantasy
 
Windlesham1 said:
You are insulting, and you have no idea about me. I've been trading options since 1999. I focus on win rate rather than profits, as it suits my personality. I have traded every combination and strategy over time and have done ok. I won't be blown up in the next 6 months, I hope you can say the same,even in your paper fantasy
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Dude he’s trolling you. Basically saying outlandish stuff to push people buttons. It’s funny if you let it be.
 
Windlesham1 said:
I've been trading options since 1999. I focus on win rate rather than profits, as it suits my personality.
More...

Why do you think you have problems trading larger size?

Beyond what you normally say which is something along the lines of 'i am a horrible trader'

Have you done any psychological work on yourself to over come this issue?

If you could trade 10x size you would make 10x profits for the same amount of effort. Although it may increase your stress levels, but in the long run you would get used to it and it wouldn't be so bad.
 
MKTrader said:
Theory is good to a point, but you can drown in it and never be profitable. Look at academics who are "experts" on derivatives but too scared to trade options in their accounts. Even some professionals at banks and other places have a deep understanding of derivatives but don't trade them.
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Agreed. Quant finance is a bridge too far. Measure theory and all that. However, the options guys, and especially the guys with industry knowledge / experience in OMM are very much at an advantage.

There's a bunch of smart guys on this sub, but most of the time they don't make it easy enough for noobs to glean anything of value. destriero is a UC grad (undergrad?), and knows all the math. He's good.

I prefer futures to options, but need to know this stuff anyway.
 
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