What about those YUGE losses you're hiding, Bobby, LOL? If it were one year ago after the COVID crash, I can see people being concerned about that. But so far this year, I can't imagine having really big unrealized losses would from selling premium...unless you take really big risks or don't know what you're doing. If we have a correction this year, I'll be curious to see how it works out between your hedges and credit spreads that may need to be closed or rolled.
What huge losses? I close profitable trades, rinse repeat. I took an $86 loser today but still made $1,700+ for the week. My op P/L was about ($3k) today. I closed my trades expiring today and put new ones on out another 8 days. After that the open loss shows around $5k. The account is up on the year and during March. So, what am I hiding? It's more than apparent so e of you don't know how to trade, particularly options. Just damn.
That was a joke, man. That's why I did the "LOL" and said it's unlikely anyone selling premium this year (without getting crazy) would have big losses. It was a reference to a certain person (who won't be named) claiming you had big unrealized losses earlier in the thread.
You too! As you know I get a little defensive sometime because it's usually a lot of attacks on me and my trading. Have an awesome Easter with your family!
Now that Poopy Dess can't troll me on ET (thanks Magna and Baron), he is trolling me on my YouTube channel. If this keeps up, I might have to get a restraining order against him. What a creep!
Why would a self-proclaimed millionaire and former portfolio manager at a bunch of hedge funds troll a retail trader with a small service and Youtube channel? Answer: cause he's lying about his background and accomplishments. I guarantee Buffett, Ray Dalio and even much smaller and lesser-known successful fund managers aren't stalking anyone online.
You nailed it! That guy is the biggest joke, and it amazes me the number of people here that just worship his every move. All he does is post vague information to try to convince the masses that he has some superior intelligence. Ever since I won $1,000 from the bum I'm living rent free in his head. Go figure!
Desty isn’t lying.. I just think your view of him is a tad (hugely) misconstrued.. especially if you’re comparing him to Warren and Ray, idk where you got your info from man lol