This article is retarded. It’s sounds like it’s written by a C-average high schooler who just leveled up to options on Robinhood.
The option seller is the casino! That’s where the big bucks are. The secret is in how to manage those trades.
Rule #1 in NOT trading options - Know your enemy, you're up against the best of the best in the trading business. Traders who've been honing their skills for years if not decades. They're the ones selling you the options. Ask yourself how long you've been in the option business versus them? If that a fair fight for the majority? Nope. But of course, always a few exceptions to the rule. Rule #2. Transactions costs are hard to beat over a long period of time, bid-offers spreads paid away and away, time and time again... Rule #3. Do you properly understand VOLATILITY and the role it plays in the pricing of options? Do you understand how it moves? I'd hazzard a guess at least 50% of the new Robin Hood traders don't. In fact they won't even have heard of it. If you don't understand the critical role of volatility then your money ain't going to remain yours over the coming year. Rule #4. If in doubt, look to Rule #1.
lol you ran away... far away. Piker with $30K and daily losses. https://www.elitetrader.com/et/thre...-bobby-trading-challenge.347078/#post-5144979 Booby refused the bet even though I proposed that I needed to produce 10x his $-return at a 100x money-line wager and it still wasn't enough: https://www.elitetrader.com/et/thre...nce-at-a-discount.346405/page-27#post-5143868 Then after Booby was roasted on his "options" thread he agrees to the wager, thirty hours later, and changes the conditions so that I am trading a smaller net liq. Yesterday evening I countered with a straight %-return competition at $5K to the winner and he simply ignored it. https://www.elitetrader.com/et/thre...nce-at-a-discount.346405/page-29#post-5143965
It's nice to know what percentage of traders worldwide trade options ? and does option makes bettter profitability than normal trading for a retail trader ?
You're asking the wrong question. No, the majority of retail lose money trading vol. I am happy to supply a mkt to you but you'll just blow-up.