cant wait to see your post Jan 2021 saying how trading isnt for you and you are taking a break. Ya know, after NKLA gets delisted. lmao
Think everyone that hits the lottery should post about how they had faith and how they divined the lucky numbers any imbecile can buy Tesla calls and sit . one did
ps, its a great myth that you make 100-1 or 1000-1 on options. unless the gain is overnight , you are really rolling over each days total net gain into the next day. so if you're up 10x , its a new bet , and you get to 100x off of that level , which is another 10x few realize this . maybe no one
Mmm. At the end of the day it's all a massive gain whichever way you look at it. The OP had the foresight and courage to make the trade and then hold. Most cannot do this.
C'mon, T - you know what longing options means, right? I should have said buy the Calls. 1 Standard Deviation means the expected move (up or down - it has no directionality) within a 68% chance. Using SD's to trade can be quite cool because markets do not fit into the Bell Curve patterns statistically, especially at higher SD's. Certain stocks make 7-8 sigma moves every few years, but statistically, that should not happen until the universe ends. Yeah, it's hard to play, but it's there. A good automated trader that was strong in stat analysis could probably pull off a career there.
I'm just starting to get better at short-term. Do you think one can become good at both short-term and long-term skills? Or is it better to specialize in just one?