Worst analogy in history. I don’t know where to begin. How about it’s atypical to win an amount much greater than your tangible assets covered by the insurance so no leveraged/asymmetric payoff. Further, as climate trends continue it’s likely that you’ll pay far more for same coverage when your term ends. Skill, yes. People skilled at their profession/vocation tend to do better than those that suck at it. That’s some sage fucking advice there. What don’t you suck at? We’re aware that you can’t trade, have a third grade understanding of economics, and have the grammar of Trump after a traumatic brain injury. Who pays for your internet? bc if it’s Biden I want a recount. You might be r******* and want to get that checked.
Haters gonna hate. Did you make another 1% or 2% on your account today, broke-even, or lost? Churro. I'm not trying to become a trading textbook. I'm just here to make money, in the now now and in the real world. All you oldertimer ET'ers seem to hate anyone who's successful and new.
I'm just here to pass time with you dumb clowns. BlueWaterSailor...is the one who is here for the monies, and trying to become successful and profit and learn something valuable and useful. Maybe Overnight too...and Calhoun, and Morgan and Tao and a handful of others. 98.5% of the people here are basically failures with trading. Very few traders exists in the world who are truly successful, profitable and consistent, and ever-growing with their accounts.
%% Could; spxs or spxu works betttter. But still have to be fairly precise in timing.................................................................
Agree hedging is better for a wider gap in price/time. Even then it can still not be worth it. Once youve done your analysis you should have risk management in place and be okay with the loss and move to the next if necessary
I been ill for 11 of 12 years, life sucks for some, second carpal tunnel surgery but instead of it being a downer, it's been an opportunity for challenges. So past 11-12 years I have learned how to hedge for long & short term, hedge open profits in stocks and commodities when expected pullbacks happen, nothing wrong with making money with hedges when signals to buy stocks occur, I might not buy more stocks, but it become another challenge of what to do when my puts or short futures were the hedge, I love endless challenges arrive, what to do next, check Trading Plan and answer is within. That is what trading is about to me, percentage answers. Sorry, but I am not ok with losses, I take them when I have tried to formulate every possible way to avoid. People are so hot and heavy on percentage wins when they forget about over all position percentages, so what huge percentage of my commodity trades lose, they are heavily tilted with hedges so almost all losses make money overall, and when the futures finally do come off contract extremes, huge profits. As months fly by, shifting funds from intraday to swing credit spreads and averaging down and more long term commodities. Calmer life. @SPX Options Trader I like style of posts. I do enjoy people making money, try to not offend, but some I don't like, usually don't have a clue what they are speaking about.... Almost Starbucks time.