Why Is The Obvious Not So Obvious?

Quote from The Oracle:

TO likes the MIB COOKIES:D

unfortunately ML..the pizza eaters:) expire the options at 09:05 on expiry day..and take the open price as follows..

The settlement price is equal to the value of the FTSE MIB index, calculated on the opening prices of the financial instruments that make up the index recorded on the last day of trading. If the opening price of any financial instrument on the index has not been established by the end of the trading session, Italian Exchange fixes the price in order to establish the value of the index on the basis of the prices recorded in the last session and takes into account any other relevant objective elements available.

none the less..TFF are not greedy..and are always willing to take whatever we are given..so..TO sends a big THANK YOU to Angela Kasner:D


images


notice how many buckets of beer she is carrying..and it is not 4 :D

ah..the maths come next

Risk = €104.50 incl. commissions
Reward = €1105.00
R/R = 1:10.57 :D
Duration = 2 days

More...


Thats effed up - I am not much familiar with european style options, only US style where the closing price is mostly the decider.

But a profit is a profit!

And the reference to 'pizza eaters' duh I didn't make the connection until now :D

And Angela Kasner - had to look it up - you sure like to hide the obvious :)
She is carrying 6 buckets - one for herself and 5 for the PIIGS :D
 
Quote from The Oracle:

ok..done..now finished with this site..and it took all of about 5 mins to see that it is just more of the same old rubbish

remember the famous quote :D

292smsh.png


there is option no.7..and that is ask TFF..but do not expect a simple answer..for simple answers are for simple minds:)

the goal..should u see thru all the crap..is not to become one of the few..but..it is..to not become one of the many :)

TO
More...

Thanks TO for exposing them! I also saw it mentioned somewhere that they provide information for a fee - that was a red flag for me!

Famous quote - Never give your money to other idiots :D
 
Quote from The Oracle:

ok PL..time to take a step back..and ALWAYS..and i mean ALWAYS..only do what u are comfortable with..fuk everyone else..including TO:D

NO.1 is ALWAYS only risk a very small % of ur trading capital..burn that into ur fuking brain..for if u don't..u will regret it..this i know for a fact..as TO had to go thru many fuk ups like all who learn the hard way..and some of the fuk ups were more than a very good yearly salary:mad:

if only i knew then what i now know..which is i know nothing:)

armed with No.1..u are now way ahead of most of the idiots who try..not being sarcastic here..just speaking the facts

the next step..no.2.. is where u must take all of ur personal circumstances into consideration..and pick a market that suits u..timewise and moneywise..and again..forget about all the shyte posted on stupid fukin websites..find out what U REALLY like..and if this means putting aside a few $K to make the right choice..then so be it..it is money well spent..never give ur money to anyone else..keep it to learn urself..for that is the best way to learn..for most of the retail traders who try

u had 10 steps/pts..so far TO has mentioned 2..and there is only 1 more that is really required..and it is of course the answer to this thread:)

u might not like what u read PL..but it is not about what u like..it is about what u need to do..and if u do things right then the odds are in ur favor..and that is how u will make money trading..by playing the odds correctly

trading is a loser's game..remember..so make sure u learn how to become a good loser..the winners will then start to appear.. as surely as day turns to night

TO
More...

Thats a very good description of the two step process TO! I have already burned #1 in my brain, now working on #2. I am also in the process of liquidating all old positions and moving to IB from TDA. TDA commission structure is not good for learning how to day trade. They charge $10 for either 100 or 100,000 shares!

Regarding #3 I have a feeling that it is the Golden Rule and the obvIOUs of this thread :D
 
Quote from The Oracle:

not the answer MN..although it makes perfect sense what u say:confused: :D

price will move..into the grove
when inside..do not hide:D
once ur in..tis easy grin
use the box..to save ur sox:D
More...

This groove is spread?
 
Quote from mekanikal:

Thats effed up - I am not much familiar with european style options, only US style where the closing price is mostly the decider.

But a profit is a profit!

And the reference to 'pizza eaters' duh I didn't make the connection until now :D

And Angela Kasner - had to look it up - you sure like to hide the obvious :)
She is carrying 6 buckets - one for herself and 5 for the PIIGS :D
More...

she is carrying 5 actually..one for each member of TFF..as we all like to share:)

as for options..main diff with european is no assignment until expiry..handy if u are selling options to take in premium..but selling can be a lot more risky..so u have to cover ur risk by limiting ur profit potential..like all trading..different times call for different strategies..use the one that has the most likely chance of big profit for small risk..if it looks that way..if not..then just go for bread and butter trading..and wait until the big chances present themselves..as they will..that is for sure..or better again..use both..but be careful not to overtrade and risk too much..as the outcome can be determined by one simple news statement:D

TO
 
Quote from mekanikal:

Thanks TO for exposing them! I also saw it mentioned somewhere that they provide information for a fee - that was a red flag for me!

Famous quote - Never give your money to other idiots :D
More...

yep ML..no need at all..best to keep it for learning urself..that way u never forget:)

as mentioned..it is very hard to find a good site about trading..everyone is only out for a piece of the cash pie..which is normal..just don't be silly enuf to part with ur hard earned cash..ever..take on ur own responsibilities and do not rely on other people to show and tell u what u need to do..as..99% of them are fukin idiots:D

funny part is..everyone knows that what TO says is the real truth..but..for some silly reason..(remember montaigne:D)..the majority of people will just keep on doing the same old thing..over and over..and the cookie monster will continue to eat 99% of the cookies:)

TO
 
Quote from mekanikal:

Thats a very good description of the two step process TO! I have already burned #1 in my brain, now working on #2. I am also in the process of liquidating all old positions and moving to IB from TDA. TDA commission structure is not good for learning how to day trade. They charge $10 for either 100 or 100,000 shares!

Regarding #3 I have a feeling that it is the Golden Rule and the obvIOUs of this thread :D
More...

do not close ur TDA account..keep it open with minimum requirement..u might want to trade 5K shares in the future..and IB are too expensive for that size..so..never put all ur eggs in one basket:D

also..with TDA u get full quotetracker access free..which is very good software for daytrading stocks..it has some good things that u will not find easily on the likes of ninjatrader..and other highly priced platforms..as well as having a very user friendly options screen for US stocks..but u know this already:)

TO
 
You must log in or register to reply here.
Back
Top