You were neutral to 1.32350 on flies, but then you covered the body-calls, leaving upside open-ended. Position would've worked well, even with the edge loss, had you left it alone. Moral is to NOT build flies with IG. Do not cover the profitable wing simply bc it's in the green.
Even a blind monkey can make more money than a fund manager , that is why I made profit today and almost everyday last week with options stupidity. Where else can you trade daily fx options? One of my mistakes is regularly taking profits on short strategies , only to see them expire worthless.
I have zero fcuking clue what he is doing either but this thread is hilarious. ETA: Too bad FF isn't here to enlighten me.
Hear no evil ! talk no evil ! and see no evil! Even LTCM got it wrong., they think market works like a formula!
Today I fucked myself up again , I covered my shorts for 80 pips.If I hadn't done that I would have been O K. If I had not listened to anyone , I would have made a profit again today. The moral is if you want to win , u have to stick to your intuition about the markets. If markets worked according b/s (bull sheet /black scholes) LTCM would be in business
How would you trade with I G on their daily options? Let us say we go short calls and puts for the daily premium decay. How would you cover risk to a minimum?.