Nah, all we see is a desperate troll who purposely "confused" Es futures options with ATM SPY options and then "averaged down" on stupidity.
Nah. I think maybe you have hit the sauce by now, because your first sentence in that above quote makes kind of no sense. Either that or ye be really tired. I agree with the points both sides of this argument have made. I agree with both Zzzzzz and Gotcha et. al. in thinking about it logically. But since options have come into the discussion, I am thrown for a loop, because I cannot stand them, hate them, don't understand them. Thus, I muse, and just watch from the sidelines again. Carry on.
I'm sorry that the thread got totally sidetracked. I'm not going to say that blindly buying cheap calls or puts is going to make a guy a fortune, but I'm also not going to say that it's the worse thing in the world. There are far better ways to play options than simply doing this kind of thing, but per usual on ET, nobody can have a frigging conversation without a whole bunch of troll b.s.
All you do is encourage beginners or the desperate to put money where it really does not belong. That you define as helping? Shameful
You're right, they should save up 10k instead of 1k, and they should trade the ES, using a $200 stop instead of a $20 stop. Then when they lose 10k, they will feel better having tried playing with the ES that has less slippage and better commissions, rather than losing 1k and working with options that are a bit more clunky, but just as good at figuring out if they know what they're doing or not when real money is on the line.