Are options a waste of time and money? (pun intended)

Discussion in 'Trading' started by wxytrader, Jul 22, 2023.

  1. Who? Confidence? I have basically come to a forum that is supposed to be home to some of the most Elite traders and schooled them.
     
    #101     Jul 23, 2023
  2. Overnight

    Overnight

    So you say a thing but you do not do a thing. That does not bode well for the perception of your integrity as both a poster and as a trader, because that above statement is mutually exclusive from...

    "Obviously I'm trading indexes. Anything with daily expiries."
     
    #102     Jul 23, 2023
    earth_imperator likes this.
  3. Fact of trading life:
    In this game not everybody can be a winner.
    The profits of the winners are the losses of the losers... :)
    So we need also many suckers to profit from... :)
     
    Last edited: Jul 23, 2023
    #103     Jul 23, 2023
  4. I am currently holding stocks. ?
     
    #104     Jul 23, 2023
  5. Gee thanks. As a retail trader you must be tired of getting rinsed. I'm assuming since you haven't posted a single trade yet.
     
    #105     Jul 23, 2023
  6. taowave

    taowave

    Good luck on your quest and your next job..


     
    #106     Jul 23, 2023
  7. Overnight

    Overnight

    So you hold stocks of the index?
     
    #107     Jul 23, 2023
    earth_imperator likes this.
  8. Still waiting for you to post a trade. Lets see all your expertise in action...I'm guessing you are probably one of these back testing traders who swears by his 1:3 risk reward, or whatever so you can be wrong 60% of the time and still make a profit. It's some new fangled thing that novice traders are clinging to but failing to factor in that you will rarely be in the trade long enough to collect your x3 profits. And if you automate it you will see that your target profit isn't always reached...so you can try with a trailing stop but will realize you get stopped out prematurely etc not even mentioning fees yet for over trading and margin costs.
     
    Last edited: Jul 23, 2023
    #108     Jul 23, 2023
  9. I didn't know I had to.
    What about your trades?
     
    #109     Jul 23, 2023
  10. taowave

    taowave

    All you have demonstrated is that you are piker who is absolutely clueless and looking for handouts..

     
    #110     Jul 23, 2023
    M.W. and longandshort like this.