How to Lose Money
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How to Lose Money
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Re: How to Lose Money
#2It's too soon.
Re: How to Lose Money
#3[deleted]
Re: How to Lose Money
#4Damn, am I the only one who does adequate research before I dive into things? I mean, buying patents for a dog alarm before knowing your customer? Really?
Losing money on trading i understand because it's a very seductive venture and it's mostly just gambling that you can hedge slightly with some smart info. Otherwise, yeah, some of these things can only happen when you already have too much money to play with. Someone who understands what it's like to have virtually no money will never casually toss it at random ventures, they probably don't have the time to anyway.
Re: How to Lose Money
#5>The nice thing about options is that there isn’t just one way to lose money. No, you can lose money in many different ways – far more than I can write on this page.
This is the most important lesson of options. It's never just a coin flip. You have an unimaginably huge number of factors riding against your success. It's not even remotely close to a 50/50 win/lose scenario. There are a million ways to lose, and just a few narrow ways to win. You literally have better odds going to the roulette table and placing a bet on red.
Re: How to Lose Money
#6>The nice thing about options is that there isn’t just one way to lose money. No, you can lose money in many different ways – far more than I can write on this page. This is the most important lesson of options. It's never just a coin flip. You have an unimaginably huge number of factors riding against your success. It's not even remotely close to a 50/50 win/lose scenario. There are a million ways to lose, and just…
[deleted]
Re: How to Lose Money
#7My experience with Options was pretty frustrating. I had a couple of big wins, but those mostly evaporated by a couple of bad trades. So while I haven't lost money (yet), I've fared much better with simply investing (buy and hold).
Now with so much volatility in the market, I'm trying to take advantage of it by using a backtesting tool to become more consistent. So far it's been worth the fees. The gains aren't as outsized as I imagined when I started trading Options, but I definitely have more consistent wins.
Re: How to Lose Money
#8>The nice thing about options is that there isn’t just one way to lose money. No, you can lose money in many different ways – far more than I can write on this page. This is the most important lesson of options. It's never just a coin flip. You have an unimaginably huge number of factors riding against your success. It's not even remotely close to a 50/50 win/lose scenario. There are a million ways to lose, and just…
Why would an option ever be 50/50? You are getting the odds you pay for...
On a double zero roulette wheel, you have about a 47% chance of hitting red. There's options I'd buy at that price, and options I wouldn't. With options in particular you also have your various calculations regarding time, volatility and so forth.
But you can be pretty sure if an option is being bought and sold, that the buyer and the seller are pretty happy about the price of it...
Re: How to Lose Money
#9School is such a guaranteed one now during Covid – you don't even get social serendipity. You're literally sitting there on Zoom burning through cash.
What common folk don't realize is that college is just a luxury consumption good of the rich.
Re: How to Lose Money
#10My experience with Options was pretty frustrating. I had a couple of big wins, but those mostly evaporated by a couple of bad trades. So while I haven't lost money (yet), I've fared much better with simply investing (buy and hold). Now with so much volatility in the market, I'm trying to take advantage of it by using a backtesting tool to become more consistent. So far it's been worth the fees. The gains aren't as ou…
can you point me to the backtesting tools you use?