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Hi! Thank you very much for such an in-depth (albeit somewhat pessimistic) comment. 1. Making educated predictions are the essence of investing. As a profession
by Hedgemaster 5y ago
Hi! 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 ;)