My amzn & Google naked put sell is In deep red . How to play it on Monday to recover the loss.

Discussion in 'Options' started by Millionaire_Raj, Feb 21, 2020.

  1. ironchef

    ironchef

    Sorry I really don't understand probability and statistics.

    Wouldn't the odds of a Bernie Presidency be 23.5%*52.5% or 12.3%?
     
    #81     Feb 24, 2020
  2. ph1l

    ph1l

    https://electionbettingodds.com/ has the probability of a Bernie presidency is 23.6 % and the probability of him getting the Democratic nomination is 53.3%.
    By the rule of conditional probability (e.g., https://www.probabilitycourse.com/chapter1/1_4_0_conditional_probability.php), if he is nominated the probability of him winning would be 23.6 / 53.3 == 44.3%.
    The higher probability of him winning the after being nominated intuitively makes sense.

    If the two outcomes were independent (e.g., see https://www.statisticshowto.datasciencecentral.com/probability-of-a-and-b/), the probablity would be 23.6% * 53.3%.
     
    #82     Feb 24, 2020
    gmal and PoopyDeek like this.
  3. SteveM

    SteveM

    Is it time to schedule a wellness check for Millionaire Raj?
     
    #83     Feb 24, 2020
  4. He's out another $14-$15K today.
     
    #84     Feb 24, 2020
  5. FMZ

    FMZ

    You can always earn the money back. It's not the end, hopefully this makes you feel better
    upload_2020-2-25_5-34-25.png
     
    #85     Feb 24, 2020
    traider likes this.
  6. Bum

    Bum

    #86     Feb 24, 2020
  7. #87     Feb 24, 2020
  8. Bum

    Bum

    Best forex trader I know is on FF and trades a 7 figure account. Very confident he makes millions a year.
    Few other pretty successful traders there but not many.
     
    #88     Feb 24, 2020
  9. traider

    traider

    Who is it?
     
    #89     Feb 24, 2020
  10. Bum

    Bum

    Prefer not to say. He's humble and doesn't like the attention. Not too active anymore.

    I have no proof other than the few times he's shown then deleted his account size and positions.
    If you follow someone long enough, you get a degree of confidence and figure out who the "fakes" and "real" traders are. Just like traders here don't question Dest's success with options trading.

    In 2012 I quit my career (electrician) and started browsing websites for trading knowledge so I've spent a good amount of time there before I started here. I know several good traders there. Know of at least 3 that make 7 figures a year.
     
    Last edited: Feb 24, 2020
    #90     Feb 24, 2020