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"Make your Predictions" ...not gambling hu? Once more they make it look so easy, every mother and grandmother can do it, and even the 6 year old. "Take Contro
by bratak 5y ago
"Make your Predictions"
...not gambling hu?
Once more they make it look so easy, every mother and grandmother can do it, and even the 6 year old.
"Take Control Of Your Options"
...sure, until you realize you have absolutely NO CONTROL and you just burned your hard earned money.
Listen - it's not (only) about a product to become successful in the markets, it's about understanding and learning years and years.
Why the heck should people believe, that you simply can make money with in the markets with your phone, while others study for years and go to work every day and never stop learning?
This is just flat out another BS, PERIOD!
I trade options since many years. But I would never ever use my phone to trade options. You can not just choose from a simple strategy and press the GO button...keep dreaming ;-)
You have to know WHEN you have to use WHICH strategy. What do you want to accomplish with a options trade:
- trade directional?
- trade for income?
- trade non directional and profit from a time decay?
- hedge?
- support another stock/futures strategy?
- ...mix the above?
You have to analyze
-what's the current volatility in the market
-volatility in the expiry strikes etc (some expiration give you better prices)
- what's your real risk! ..and how can you fix it when your idea is going down the toilet?
How can you use complementary products with Options (Stocks/Futures/Volatility Products like the VIX).
OK, enough ranting ;-)
...here's my advice for everyone who can stay away from trading by the phone and want it seriously:
1. Go to tastytrade.com - it's the absolute N1 learning resource for Options Trading on the internet. ALL FREE.
2. Apply everything you learn in a DEMO ACCOUNT
3. Do it for AT LEAST 1 year and TRACK your success
Learn to earn, period.
May all the luck be with you.
- Hedgemaster 5y agoHi! Thank you very much for such an in-depth (albeit somewhat pessimistic) comment. 1. Making educated predictions are the essence of investing. As a professional options trader, don't you agree? Just for the record, I am an options trader myself. 2. It is possible to control your exposure, so taking control of your options does make sense. 3. "Years and years":) Ok, is there a correlation between a number of years spent in the financial industry and investment performance? Sure thing, Berkshire doesn't look that bad, but in truth many professionally managed funds are simply burning people's life savings. 4. Why would anyone believe? People should try and see. First on a paper trading account and then with actual cash. 5. All the examples you made are translatable into an everyday language, for example "IV smile" can be translated into "market sentiment", etc. People are being discouraged by the excessive jargon and unnecessary overcomplication. I understand some people are afraid of creative destruction, but c'est la vie.. 6. You praised Tastytrade(!) Yet before you said "you would never trade with your mobile". Their founder (Tom Sosnoff) indeed sometimes shares good material, the problem is that sometimes he says something that's good for him only, so take his advice with great caution, these are 2 links: https://www.facebook.com/watch/?v=5658429654182670 https://www.facebook.com/watch/?v=5658429654182670 https://www.reddit.com/r/thetagang/comments/ooio8q/does_anyone_know_what_tom_from_tt_pl_is_on_the/ https://www.reddit.com/r/thetagang/comments/ooio8q/does_anyo... And yeah, tastyworks has been sold to IG Group (British CFD provider) so now they are in a mainstream gambling ;)
- ALeus26 5y agoDoes Tastytrade pay your salary? and by the way, they are not free
- bratak 5y agohahaa...no, they don't pay me. All educational content on tastytrade IS free.
- MaryBoyagi19 5y agoSorry, I'm not into trading but what are implying by "so easy, every mother and grandmother can do it"? That women have lower IQ than men?? Sexism is a social disease so you better see your doctor!
- srean 5y agoNot sure what to make of what seems to be an agitated outburst
- bratak 5y agoLOL