To answer the question: Never.
RUT headed to 900. In the next 4 days. Short it. I dare you.
Options are the only way to make real money... IF you have the direction right... Otherwise: lights out.
96 gig.
Usual pattern is to make it in real estate, then lose it all in the stock market. Net out zero, in the end.
...and go broke, eventually.
Free yourself. Stop trading. Now. Take the money, do something productive with it.
+1. Very well said.
About zero. Odds are better that an asteroid will strike the Earth, killing us all, before you are going to find a trader girlfriend - that you...
Buying out of the money spreads??? Who the hell does that? SELL. Sell those out of the money credit spreads... MONEY... MONEY... MONEY.......
In 08... you could have easily lost 50%, or more. There is no correlation, zero, zip, between "real world" and theoretical backtesting. Markets...
An undergrad engineering degree from a Top 10 Public University. Best return on investment one can achieve, over a lifetime.
You'll quickly become miserable, trading. Then you'll be like: "F... this. 40 hrs, a steady pay check... and not having to turn into a fat slob in...
Goes up, goes down. Your lines mean nothing.
Take your salary, calculate how much capital you would need to replace it. For me, over 15 years... I've banked at least $1 million in total...
Can't wait. I'm going to load up, long, on the June $160 calls. Going for double...
2 years. tick by tick... watch... wait... I'd take Chinese water torture over that. Or bamboo under the fingernails.
Except for the fact that some put on risk so high... that at 5:1 odds... of being "right" when they are wrong - they can lose HUGE amounts of...
$5.
Fair value... $5/share. People are nuts paying what they are now.
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