Not bad, you actually balanced yourself to zero, you might just have what it takes if you skip the first part.
%% He got part of the measure right; %,XEla.I learned some from monopoly; dice does NOT mean much.And I wouldn't blame a Parker Bros game for brief period of gambling[un -wise risk taking] . Blunt writing tends to go better than blunt speaking.Gamble is usually used with way too much risk.; but they do ads on it as fun, so gamblers may have fun.....
%% Theyre right on something else,PB nicknames tend to influence outcomes-Solomon Cohen[Gazelle Hedge fund up 300% in 12 month, one year.] [2]IF you do options , NOT saying you should or should NOT do options. Sheldon Natenburg book chart says''moderate bull market -buy the underlying stock'' But ''do your own research '' like Rich Dennis warned .You most likely will NOT make money in options if you ignore this. The olympic champ in options was Mark Weinstein /Jack Scwhager. Nickname ''HI% trader''; most turtles made millions with low % hit rate+ large TRENDS.Mark won the options contest [confirmed] turned $100,000 in to $900,000, in 3 months. BUT by NOT pyramiding profits; meaning , as he made 100k then 200k then 300k... he traded 100K max, get it????? [3-777]And buyer beware. IBM was the tek leader then, when Mark did that ; wisdom is profitable to direct...............................................................
Great quotes. Question: Can you explain and expand on this quote? Regards and appreciate your coaching.
%% Yes, iron chief,as measured on 1 year chart [SPY,QQQ.....], +200 day moving average; its a moderate bull market , another reason he lost money.[context =post #43]
Intuitively, I would think, in a moderate bull market, shorting calls or puts would be more profitable than buying the underlying? Best wishes.
%% Could be; but then State Farm of out of FLA, too much weather risk, lost too much on some insurance.And other reasons i dont have time to get into; but some may want to.....
I agree. I think its safe to say if you don't make it on paper you are not going to make it with cash so its a good sanity check at the least.
True, risk/reward may not be as good as long the underlying in such market conditions. However, I am going to analyze/backtest and see if it is true for my underlying. Thanks again.
%% Iron Chief; Many ways to get around single stock risk ;buy 100 or 500, SPY or QQQ related....... Sheldon Natenberg did not note it ;but he most likely know$ it ==100% of foreclosures are caused by leverage. And while options are priced different than in 1987, plenty blew up; lost huge on puts[ yes lost on the puts] + calls , in OCT 1987.