And if he'd been buying options on most of his directional calls the last year or so he would have been slammed hard dozens of times and wonder what hit him.
True... I have a hard time believing how much the market rallied during the biggest global pandemic crisis in our lifetime. It just didn't add up. Millions dying and the stock market skyrocketed. Perfect example of "cognitive dissonance". I still think a big selloff could happen. I'm better at simply daytrading vs predicting market direction. Like hafez said, trade what you see, not what you think. Lesson learned: do what I know, which is simply daytrading, vs trying to figure out market direction. The fed propped it up, it's a bubble, house of cards.
31 X earnings have nothing to do with no, no, not at all. A silly unenforcable, probably struck down by the courts, "mandate"
Return is calculated (either case futures or options) by how much money (margin) is expended up front versus return when trade is closed out - if right. Options are more cost efficient, most times needing far less money up front, than futures. So all things being equal options are more bang for the buck. Note: Having said the above I don't trade options.
It's hard to battle with an outfit with unlimited capital. That capital cost them nothing. That's how the FOMC lost its discipline. Now everything is rising in price. Never in the history of the automobile have used car prices risen. That's what you get when you have access to free money.
These clowns at the FOMC will price everyone but the richest out of the markets. Just think about new investors coming into this sky high market. The FOMC have taken over our markets. Sure everything looks peachy, I simply don't believe this can continue forever. Housing is pretty much out of reach for first time buyers, average home prices now at 400k 20% down 80k....