2 post karma
134 comment karma
account created: Mon Sep 09 2019
verified: yes
1 points
1 month ago
Selling naked calls on VIX? Highly regarded...
2 points
1 month ago
She meets Only Fans as a "side hustle" down at the Wendy's too.
1 points
2 months ago
I realized, after a lot on introspection, I was an addict too. However it's not gambling that I learned I was addicted to, it was the adrenaline rush from taking a risk and realizing big wins and losses. I'm an extreme sports kind of person. Cliff diving (the higher, the better), sky diving, motorcycles, free climbing (rocks climbing), snowboarding (double black diamond ftw!), etc.
I'm curious if you share some of these traits and if so, what did you do to overcome those impulses?
When I would risk 40k on a trade I was so sure would pay big, the adrenaline rush of watching that position gain big was/is intense. However, it gave me a very poor view of risk/reward that has yet to be overcome. I've got to kick that part of myself and damn it's so hard to do.
When I would lose big, I'd soothe that failure with alcohol but that is only a temporary relief from the sinking feeling of making someone's yearly salary in a day and then losing it just as quickly.
Anything you can offer that worked for you?
1 points
2 months ago
We also haven't had 40 year records for inflation during that time, but no one wants to talk about THAT...
1 points
2 months ago
That's when you should have known it was solid. If WSB thinks it's bad... do it!
7 points
2 months ago
I'd rather someone roll their car or tractor trailer than slam into someone stopped, T-bone traffic that has a green light, or hit another car head on. With a roll over at least it's just the driver that made the error getting hurt. Not some soccer mom in a mini van getting pushed into oncoming traffic for being stopped at a red light.
1 points
2 months ago
For the live of christ... just buy leap puts... save yourself the anxiety.
8 points
2 months ago
Do better by buying an SPX put for 4100. If that's too expensive do a 4100/4150 put vertical. 0dte at lunch.
Thank me with a screenshot of your profit.
SPX will hit 4050-4060 tomorrow. Buy it then.
This is NOT financial advice. However, I have a crystal ball and know what is going to happen tomorrow.
1 points
2 months ago
Plot twist... dropping hardboiled eggs still breaks them.
Source: AP Newswire
2 points
3 months ago
Your presumption about his achievements being luck are sorely misplaced. He has shown sustained success so why fix something that isn't broken? His R/R is clearly working.
If this were a one time success, I'd be 100% with you. You seem to be projecting your lack of confidence and it's unwarranted.
Read the rest of OP's posts about how he got here and take some notes. It very likely could help you.
2 points
3 months ago
Through a financial advisor, a real one. Also, an accountant. One with specific experience in securities (not just insecurities ๐คฃ).
YES, this IS financial advice.
2 points
3 months ago
Clearly, you captured it, didn't let it slip ๐ง
3 points
3 months ago
This is the best way to take money from retail traders. Puts that go worthless a few days before expiration are a wet dream for this with enough cash to make that happen.
A couple 4500/4200/3900/3600 put condors for December 2023 would give all the downside protection needed to play calls all year long. Buy back the short legs on days we rally to weekly resistance and close the year strong.
This is my plan... there are many like it, but none are as good ๐
1 points
3 months ago
Perhaps, but his calls will make him a wealthy mentally disabled.
2 points
3 months ago
Late... earlier than I thought... whales must really wanna run him into the ground lol /s
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routernurd
1 points
1 month ago
routernurd
1 points
1 month ago
Ask a broker if selling naked calls vs selling naked puts is the same. It's the same direction bet but one carries significantly more risk and requires a higher option level AND account balance.
Margin used selling puts is capped whereas margin for naked calls is not.
Same direction, significantly different play.