Trading Education Buyer 540 Posts 42 Likes New That was essentially the fate of Long Term Capital Management of the late 90's, The Midas Formula: Trillion Dollar Bet, 2000 BBC options documentary: http://documentary-movie.com/trillion-dollar-bet/ ltcm was relying on an option formula and were short I am long , my risk is limited lugar , you will lose your trousers , i never will You are either a pathological liar or a sick con man working the lowest common denominator . take your ilness elsewhere devil
Despite you calling me a loser, I'm open to influence. If you are long option premium and you have 95% winners, then I'm stumped. This means (I suppose) you are making directional bets with ultra-high accuracy. But no mere mortal has that level of directional accuracy. So what are we to make of this?
..."devil" and "mere mortal"... You guys make Successfully trading seem like you need black magic and sorcery and wizardry and voodoo and the selling of one's soul.
You can be a successful trader with a modest 50% win ratio, assuming your wins are larger than your losses. But a 95% win ratio is a rather dubious claim with long option positions.
A few words of wisdom Firstly I did not mean to be rude last night , but loser's negative thinking gets under my skin , but I met a of losers losers in my life and I studied psychology , so I know loser's personalities . The Best Trading Proverbs I am net option option premium payer , 0.3 % risk to my capital is option premium, my risk on every trade is 0.3% , 20 trades = 6% (I can lose upto 6 % in extreme conditions like 2008 , but I tend to make more in those situations) I never take losses , unless the market forces me in extreme circumstance , I don't use stop losses .If I take on a trade I will hold on to a position for two months I always stated , you can not predict market with selling 1 or two month premiums , you do not know where market will be in two months and on expiry. The edge is derived from A FORMULA TO BEAT THE FORMULA (A formula to beat the maths geniuses that created the Black Scholes model). Please no more loser's thinking.
If you can hold on to your trades for two months , what will be your win rate? I never talked about a win rate.
Losers go on my ignore list . I keep away from losers. learn from the 2 % winners, keep away from losers https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=95% lose The Winner sees an answer for every problem; The Loser sees a problem for every answer. Winners see the potential; Losers see the past. Winners see the possibilities; Losers see the problems. The Winner always has a program; The Loser always has an excuse. The Winner says, "It may be difficult, but it is possible"; The Loser says, "It may be possible, but it is too difficult". Winners have dreams; Losers have schemes. Winners use hard arguments but soft words; Losers use soft arguments but hard words. Winners make it happen; Losers let it happen.
Why should I lie to myself and waste my own time in delusions?If you read every one of my threads , you will see I am down to earth ?Do you think I am deluded enough to think , I can CON a few scammers or people smarter than me ? Hard work , 30,000 hours , studied trading psychology ,options and option edges , trading , made 100 eas and a hundred systems and failed at technical trading , trend eas failed (far superior to what you guys trade).
I am in the real world of losers , these losers make me feel contempt and angry ,I don't feel good when I read from losers. I post because I can see what losers can't see , often losers tell me why and where there are risks , i create winning formula by listening to how others lost.Maybe I like to read from others to see if I missed anything in my formula.