Damn, you're a victim of zero commissions AND online bullying in a trading forum. I can relate though man I'm still pissed about being circumcised against my will. My true motivation For trading is to make enough to have foreskin reatachment surgery. I will resemble an ant eater once again or die trying.
Yeah you know why? Because these terms do not exist. They are all made up. LOL They are either made up by him or twisted in some way by him for him to show his "superiority" and "uniqueness". Nobody uses terms like what he does when describing options. I tell you, whatever "career" that he says he has or had, whatever obscure terms that he uses in describing his shit in his journal, and I suspect even his journal, they are all fake. Anything can be photoshopped nowadays. Are his supposed trading accounts and profit/loss statements that he post audited? If not, how do we know that they are real? Because the screenshots looked real? LOL
The PNL is real bc it was posted within a minute of taking the picture with my phone and the account number is showing... the audit is photoshopped, however. #investopedia
I don't see you walking away here, though. My impression is that you think he's a d*ck and he's been mean to you and because of that you are saying he's fake. That's what I meant by your emotions getting the best of you. I don't know if he's the real deal, though. Don't care at this point. My impression is that he is, but I may be wrong. It's hardly of any relevance to me. And yeah. I've been on his bad side, too. Probably still is.
Nobody faults you for trying to help. I fault you for offering advice in which your diametrically opposed to facts, knowledge, theory and practice. I do enjoy your 3K word tilts at the slightest nudge. I've never seen anyone on here with thinner skin. It's hilarious.
I don't GAF if he thinks I am fake. His logic about the vol-outcome of the 1987 Crash was the most cringe on this board in years. It actually hurts to read. It's not a matter of opinion (1987).
Would you prefer to trade Flys and other 4 leg structures at 1.50 per option??Each Way?? Yes my main business is a form of market making..On a good trade,I make 5 F-n cents.Its gotten much more competitive and its down to 2 cents..Thats the life of what you would call a "market maker",one without 2 sided flow who picks his spots... FWIW,I can only do what I do because of zero commisions. In 6 months,I have spent 120k in commisions.Under the old structure,I would be somehwere between 550k and 700k... I think you should stop using the term retail..Its a nice way of saying inexperienced/dumb... This is a tough game with very small edges...
Are you an RMM? Are you making a two-sided market at retail? I was babysitting flies (matrices) for a while. Bidding the pfly and offering the cfly. I made $6/contract on average under TIMS but it was small time even under PM-accounts. Tiny initial gamma so I wasn't getting picked off on 20 lots.