buying PUTs on train wrecks`

Since this is a trading topic I'll refrain from a posting joke comment re end of time.

 

you're no fun

 

I agree,, I have been burned numerous times trying to buy puts on a big spike stock,,, I would rather jump on the train AFTER it is already headed down...

 

tank you .. all good points,, I guess betting on stocks going down is not glamourous or popular and therefore no documentation. Maybe I will be that guy to write that book some day

 

Your strategy is sound, it’s out of Livermore, Humphrey B Neil and Darvas material!

 

Everything randomly works....until it randomly doesn't work....until it works again...until it doesn't work again...

All strategies, tips and books out there are somewhat flawed that only works in theory hindsight

You're not going to find a holy grail printed somewhere. You have to develop and process your understanding approach on your own. Until then, all of you are just gambling fools

 

Bought it back in the day, before I moved on (for good) to futures:-

The Art of Short Selling 1st Edition
by Kathryn F. Staley (Author)

 

thankyou... it just makes sense... it goes down, then more sellers pile in, it picks up momentum as even more sellers get out.. you can look at the charts and see this play out.

 

Why not a vertical spread to avoid the decay on the single put?