Just watching people I like distracting themselves with some dork's nonsense over their breakfast, and advising them not to do that. Why, you could miss the lovely sights outside your window - or be distracted from the taste of your food! Really important stuff, by comparison.
Its extra tricky and confusing as he is definetly smart,but weak on the nuts and bolts of trading... There's a reason he thinks MM are out to Fook him,and that you are doubly fooked when trading directionally.. He basically knows just enough to be dangerous
He went from options will kill you because of market makers and infinite gamma to “I love options.” Seriously as entertaining as it is, you all are spending a lot of energy arguing with stupid. I’m spending too much energy as well.
So much can be learned from you all even through your squabbling, you guys are brilliant. I have only done basic day trades for about a year and have improved so much, I now feel almost ready to move up to options. But I still have a lot to learn, I've been reading and I think I understand the basics, so I should be ready to proceed in a couple of months. It's a little scary because the failure rate is so high, I think I will practice on a simulator for a few weeks first. And I hope I don't need to be as much of an expert as you to be successful.
Ah, that recent convert energy driven by the "last seen post" algorithm. Wait till he meets reality... that'll be a brand-new experience. Disappointing and wallet-emptying, sure, but at least it won't be boring. Entertainment, in the form of watching someone frantically dig a miles-deeper hole with the mildest of prompts, also has some value. But yes, it does pall eventually.
Squabbling? That would take caring. After a round or two of bullheaded arrogance, all desire to help fades away - and all that's left is a certain sort of weary humor. For the smarter folks responding, it's not their first rodeo... If you think that what's being discussed in this thread requires being "much of an expert", let me gently suggest that you still have a lot of studying to do before you have any chance of trading options successfully. This concept you have of "the failure rate being so high" is a large part of that - and has nothing to do with options; the basic risk/reward picture is the same everywhere. If it wasn't, everybody would just pick the lowest-risk, lowest-failure asset class and do that, and only that. And yes, trading successfully is hard. If this is a surprise to you, then you need a lot more education about life, not just trading. Money It's a crime Share it fairly, but don't take a slice of my pie Money So they say Is the root of all evil today But if you ask for a rise It's no surprise that they're giving none away" -- Pink Floyd, "Money"
No squabbling here..OP asked a simple question,got some sound advice,and one poster is way off and bordering on dangerous..
I am retired and receiving pensions, been day trading to supplement my income, but mostly to give me something constructive to pass the time. I'm pretty sure that I have had about as much life education as anyone could get. Life, death, and everything in between. Anyway, I just enrolled in a comprehensive options course so I will be busy with that for the next two or three weeks, then I'm going to practice on a simulator and then I will be ready to give options trading a go. Thanks so much for your insights. I hope you all have a super holiday! https://mitsloan.mit.edu/ideas-made...stors-lose-big-options-markets-research-shows
Im pretty sure you will approach options trading in a prudent manner.. Are you only day trading,or do you trade/invest longer time frames as well?? There are some very sharp helpful people here.. happy to help