Thank you, I won't forget your contribution to this becoming "list-of-idiots-that-think-they-are-funny". You are now part of it.
Drawdown Addict, I'll give you some mentoring for free and you can take it or discard it. You may know a few things about options, but you seem to know little about how the world works in terms of relationships and social skills. The attitude you've shown in this thread starting already after the first few posts are terrible. Do you really think a worthwhile mentor would want to engage with a person with an attitude like yours? I have a friend in the construction business who actually started to screen his customers because he's had so many headaches with difficult customers that end up costing more than they're worth. Even if they pay for the house as contracted they'd end up being a pain in the ass that's just not worth dealing with. It's always amusing to me to see how emotional people get on these boards. In trading, you really need to stay calm and rational at all times. I can't help but wonder how easily people who get riled up on an anonymous message board would tilt as soon as they face some adversity in the markets. You don't need to react to everything or get emotional if there's a post that's unpleasant to you for whatever reason. Just move on and ignore it. You can do the same with this post or you can tell me to f**k off and get angry and agitated. The choice is yours.
Let me give some mentoring to you, people come to this forum and especially to this thread to troll others. I am not angry or emotional, I just won't lose an opportunity to call someone a wanker when they are. Now you are different, you think that people are serious on this thread. They are just bored. They are traders, and they are extremely lonely. No one in their right mind would care about this conversation from reading some of the initial posts. They would just go away. What they do when they post is to troll. But if you troll me I'll troll you back. Simple as that. Have you seen me trolling anyone? I don't troll others' posts. I don't bother others. So if you want to be an idiot I'll tell you that you are. So yes, fuck off.
You just proved my point and once again got to show everyone what a pleasant person you are. I'm sure the top talent in the option space is just dying to work with you...
They are not dying, they do it for money. They charge a fee and they don't care about my personality at all. They are used to the most despicable type of people on the planet, traders. And you just proved my point, you are a lonely wanker posting on random posts on Sunday because you have nothing better to do.
It goes without saying that anyone you can afford to pay for a service is not going to teach you anything you can't read yourself in books. Just common sense, really. Actually, it's Saturday. And I'm working on my computer. ET is just water-cooler talk in between real work. Doesn't take much effort responding to you.
Ok, so you know everything, let me ask you one simple question. What are the best market conditions to apply a long strangle? That is a very simple question, but since you are willing to lecture and patronize people you must know the answer. And I am not talking about the theory behind the strategy, what is the perfect market to apply that strategy on?And if you are correct with your answer which I doubt, point to the book that would give anyone the answer. You can find a lot of books that would talk about options strategies but point me to one that talks about the conditions of a market and when to apply such strategies. With hands-on examples. As in one book that analyses a market and talks about which strategy would be best for it. You must know the answer because you know everything. And you better be right, because other wankers are watching and you are going to be labeled. And I do know the answer already, pointed out by the person who started guiding me last week.
I know little to nothing about options, so I'd be out of my depth giving anyone specific advice on options. I did read through and study a tome by Lawrence McMillan (Options as a Strategic Investment) a few summers ago and I'm fairly sure it covered both strategies and conditions. I've forgot most of it by now, but if I recall correctly a long strangle would profit if the market sees an increase in volatility and a larger move up or down by expiration. For example in advance of earnings or other news which may move the market.
No, you are not out, you have been a pain in the ass for days. This thread is about looking for a mentor on options. And you won't shut the fuck up. Hopefully, after the answer you have given to the question you will realize that you don't belong to this thread. But no, you will reply again patronizing me about my attitude, my manners and all of the shit that you have been indoctrinated into.
Out of curiosity, have you gotten any replies? I think the only guy I have ever seen offer some sort of coaching was @destriero He is clearly a legend here, and I think he charged around $25k for a weekend workshop or something like this. So I wouldn't even call it coaching, but more so a workshop. Are you offering to pay more than $25k? And for how long? I just don't see who is going to take you up on your offer if they are making $25k a week, and likely more, just from their own trading.