I need help with trading options

Discussion in 'Options' started by ilovemoney01, Oct 14, 2019.

  1. ironchef

    ironchef

    I think you are too critical. His comments are not without merits, just like yours. Both of you brought up very valid points which I appreciate.

    I don't think that is a true statement. He was a derivative (options) trader and made his fortune as a derivative trader. This is from Wiki:

    I never like his attitude and self promotion but his concepts are very profound and greatly affected the way I trade.
     
    #21     Oct 15, 2019
  2. ZBZB

    ZBZB

    Last edited: Oct 15, 2019
    #22     Oct 15, 2019
  3. Read these two, then realize how easy it is to blowup...

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    #23     Oct 15, 2019
  4. ironchef

    ironchef

    #24     Oct 15, 2019
  5. Turveyd

    Turveyd

    First you need to work out the direction of what your going to be trading options with if up buy Calls if down buy Puts, as easy as that.

    Shouldn't take more than 2 to 10 years to crack above, get in touch when cracked.
     
    #25     Oct 15, 2019
    comagnum likes this.
  6. I think Niederhoffer and Cordier were used as examples of failure rather than recommendations.
     
    #26     Oct 15, 2019
    ironchef and Overnight like this.
  7. gaussian

    gaussian

    I consider myself decent at probability theory. I wouldn't consider myself offended by his writing but more confused. Like I said, it's worth reading once you've gotten a basic understanding established.

    I'll throw you a bone to show I still like you. I would highly recommend Taleb's book Dynamic Hedging once OP has gotten a hang of things.
     
    #27     Oct 15, 2019
    Amahrix likes this.
  8. Amahrix

    Amahrix

    Fair enough.
     
    #28     Oct 15, 2019
  9. ZBZB

    ZBZB

    Trend following, moving average, donchian channel, price action.
     
    #29     Oct 18, 2019
    Pkay likes this.
  10. Turveyd

    Turveyd

    12 years in Moving Averages and BB's for me, easy to say, hard to do live in the heat of battle day in day out, with random shit ruining your day occasionally and creating a lot of fear, greed and self doubt.
     
    #30     Oct 18, 2019