LOLOL... Averaging 100-120% a year? Uh huh. This trade has about a 25% chance of incurring a total loss.
Doesnât know what to call his IC, makes 100% a year with 90% probability, and says Atticus doesnât know what he is talking about. Three strikes?
I'm not focused on one specific strategy but this thread is. Why would jump to the conclussion that this strategy is all I do or study?
I thought that you could avoid a total loss in most positions if you see that the market moves against the position (or not enough in this case) that it can be closed for less than the total loss if done so before expiration. Do you agree?
No offense but I have not seen anything in your posts to make me believe you are an experienced, professional, options trader. Your comment âAll I care about is making money with them on a regular basisâ sounds exactly like someone looking at the issue from the wrong angle. You seem convinced that you are going about things the right way and therefore can ignore what I posted. I never post this much, I am just avoiding my monster-in-law who is visiting and I am pretending to work, so I probably have no idea what I am talking about.
HA that's funnyl. Actually I'm convinced that I'm not very interested in the trade that I started this thread with anymore. I think I will use strangles around earnings. But I am also learning as much as I can.
Apples and oranges. The other peep claimed that the trade has a 90% chance of success of making the max profit of 40% and I disagree with that optimism. You can cut your loss anywhere you want. That's not probability. That's money management.