Really bad post. Read anything from nassim taleb or take a course on probability.
Really? You should start a blog.
How to Lose Money
21–30 of 300 posts
Re: How to Lose Money
#22>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…
Even though I agree options is generally a losing game, it does serve a purpose. You can actually even hedge your risk with options -- there are many usages, just because SOME people use it as a casino, it doesn't mean it is.
A lot of hedging companies do to raw materials, oil etc follows a similar pattern.
The author doesn't mention anytime that, he seems clueless, just use it to play like casino and complain about the losses.
Re: How to Lose Money
#23My 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?
It's called Trademachine Pro
Re: How to Lose Money
#24School 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.
Thats a very US American (anglosaxon?) viewpoint to take. Education is paid for by society in most Western parts of the world.
The US is composed of a heap of immigrants that migrated to the US and to a point intermingled culturally to come up with a new country / culture.
The Anglo-Saxons were a people made out of immigrants from Germanic Europe that migrated to what is now England and mingled with indigenous British groups, tracing back to the 5th century. It's often used to refer to the language spoken in England and eastern Scotland until the mid-12th century, also called Old English. The culture and language were pretty much defunct after the Norman Conquest.
Something I found out / realized not that long ago: the Norman Conquest wasn't actually vikings, but French from Normandy. Mind you, vikings from Denmark and Norway were also a thing around the same time.
Re: How to Lose Money
#25Re: How to Lose Money
#26The only options trader who doesn’t lose money is the one who ̶n̶e̶v̶e̶r̶ ̶s̶t̶a̶r̶t̶s̶.̶ pays Janet Yellen's speaking fees.
- Andrew Tye (FTFY)
Re: How to Lose Money
#27Earlier quoted context omitted.
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 a…
I believe an important point is that happy != informed.
It might also be true that neither the buyer not the seller, in any transaction, are happy about it as such.
It could, or even probably should be, argued that one should remain dispassionate about the outcome of any specific transaction in particular.
If you can't do that, then you probably are gambling, and that's probably a bad thing.
Re: How to Lose Money
#28Earlier quoted context omitted.
Thats a very US American (anglosaxon?) viewpoint to take. Education is paid for by society in most Western parts of the world.
The US is composed of a heap of immigrants that migrated to the US and to a point intermingled culturally to come up with a new country / culture. The Anglo-Saxons were a people made out of immigrants from Germanic Europe that migrated to what is now England and mingled with indigenous British groups, tracing back to the 5th century. It's often used to refer to the language spoken in England and eastern Scotland unti…
Is it common to think the Normans were Vikings? The Normans are the reason why half of the English dictionary consists of French words.
Re: How to Lose Money
#29Aside from being a great look at the back hand of the make money online world, this was comic gold. Bravo. I laughed right out loud several times.
Re: How to Lose Money
#30This seems to be a very one-sided view. I personally know a guy who makes ~3000 USD month with a book about worldly wisdom. I know about it because he pitches his book on every occasion. And I guess that's true for everything: Just writing a book is not enough, pitching and selling it actively afterwards is key.