Well..it is very obvious to some of us who the real idiots are..and they tend to stick together likes flies stick to shit on a blanket
You said not in US equity markets. does that mean there are other option exchanges in foreign countries that may have dumb market makers? Also as I understand it legging in would not be risk less because you would still have that directional risk until you 'lock it in'.
I respect both of you and learned a lot from you. There are two types of advice, one is not specific but based on general principles and philosophy the other is more specific and to the point. To be a good trader, I need both types of help. Besides, I do not expect anyone here would reveal their specific trading methods. I used to get real frustrated when everyone here said risk management was key to be a good trader but few provided any specifics. I had to finally figure it out myself (started with Kelly). But without someone like MrScalper, Handle123 among others convinced me I needed to develop risk management, I would still be in a very high risk situation and not know it. Best to both of you.
Revealing ones trading methods does not really matter..as..most lack the common sense to understand that proper risk management is the main reason why a trader can achieve consistent profits.. perfecting ones timing of entries and exits is what makes the difference between average and exceptional returns Of course GILD can go to $100..but it can also go to $50 if you decide to hold out for $100 Bad habits are formed by bad actions..just keep remembering all the fools who lost fortunes post dot com bubble.. simply because the had formed a bad habit of holding on for more profit! This bull market might continue for another month..3..6..12..18..nobody knows for sure..but..one thing is sure..when the market does fall..it always falls a lot faster than when it went up..need say no more! The difference between professionalism and non professionalism with trading is the ability to understand and be able to deal effectively with any situation that arises..very few who try become real professionals..as it requires the same traits that make professional business men It is very easy spot a real professional..and very hard to find one..most are just idiots who make themselves feel good by posting idiotic things on the internet..that have absolutely nothing to do with professional trading or investing..social media monkeys
Yes..but it depends on what you are trading.. sometimes when the market falls hard certain stocks will be bought up..the good old reliables "there can be more value in the blink of an eye, than in months of rational analysis" Especially true for trading !
I think GILD will have a higher probability of going to $100 than to $50 so I am staying put. I am no professional and will never try or pretend to be one. As a small mom and pop trader eking out some profits I try very hard to avoid being stomped by the big boys and carefully choose playing fields too small to be worthwhile for them (you). Best wishes.