Right or wrong isn't the issue. The issue is can what you are doing make money over a thousand trades; given your resources and cost basis. And, produce a enough income to make you happy. Contrary to poplar opinion; in the end it is about the money, not the intellectual pursuit ...
"Well, I think they are wrong." Try proving them wrong. You have an opinion on everything, but it is based in theory---not practice. When you can prove your theory, and make money trading options consistently, then perhaps your ideas will have some merit. Until that time, once again you present to the traders here that you are nothing but a paper boy.
Options are about removing money from the dumb hands (who usually think they are the smart hands); into the pockets of the smart hands (who usually are not as smart as the theorists would leave you to believe) ...
Aphie Theres nothing wrong with throwing out your opinions and theories on this board. Thats what boards are for, imo. However, as your have seen, one opinion invites another. I think that controlling your temper is absolutely essential in trading and this is a good place to practice. I used to lose my temper all the time but very seldom do it anymore except when I see a post by that goddam friggin stupid ass so and so. You know who Im talking about you innane, ignorant, flippant, asshole...grrrr, arrrghh,
If you ever really do develop any insights about options trading in one, two or three years from now, you are going to find some of these posts that you just wrote and laugh at them (or even worse-cringe)...Somehow you imagine that you have developed some form of "insight" into options trading, but this is not insight, this is just about the mid-term exam for Options 101...
I told you not to trade options the other day in a post. I traded my first option back in 1975. In 1978 I was trading a large amount of money for the firm I worked for at the time in the options market. My guess is that I've made more option trades than any 100 traders combined. But hey, what do I know? Or worse, what do I know that you don't know? OldTrader