Why I don't go long options

Why I don't go long options
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Titles like this I think project to everyone (Why I'm a one-trick pony). That's great, but at the poker table everyone else is going to exploit you until you wake up one day and realize, I am the sucker at the table.

It also reminds me of all these millennial youtubers who insist they found this magical money making glitch where you just short options and make stupid amounts of money forever because (time is on your side).

In every single case I've witnessed, once their 'real' brokerage statements are released (often by subpoena), they are never even in the black. Funny why that is...
 
The_Krakenite said:

Titles like this I think project to everyone (Why I'm a one-trick pony). That's great, but at the poker table everyone else is going to exploit you until you wake up one day and realize, I am the sucker at the table.

It also reminds me of all these millennial youtubers who insist they found this magical money making glitch where you just short options and make stupid amounts of money forever because (time is on your side).

In every single case I've witnessed, once their 'real' brokerage statements are released (often by subpoena), they are never even in the black. Funny why that is...
More...

I'm sorry how many (2008) Lambos do you have?
 
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Another example. 195 by apr24 with an ATR of 2.41 would require an immediate move in that direction. It is by no means a guarantee. EVEN if you are right about the direction, and the 195 target you are still out -$1117.83 @ expiry!
 
The_Krakenite said:
Titles like this I think project to everyone (Why I'm a one-trick pony). That's great, but at the poker table everyone else is going to exploit you until you wake up one day and realize, I am the sucker at the table.

It also reminds me of all these millennial youtubers who insist they found this magical money making glitch where you just short options and make stupid amounts of money forever because (time is on your side).

In every single case I've witnessed, once their 'real' brokerage statements are released (often by subpoena), they are never even in the black. Funny why that is...
More...
wxytrader said:
I'm sorry how many (2008) Lambos do you have?
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None I bet, but have you seen his 2024 Lambo? :D
 
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