|
PureBytes Links
Trading Reference Links
|
the moral from my friend's 20 years experience,
1. bet what you can lose and still happy with it (like lottery!) :)
2. selling options is a good strategy BUT must sell closer strikes
and fat premium - otherwise no room to adjust the position.
-Lawrence Chan
From: M. Simms <prosys@xxxxxxxxxxxxxxxx>
> Don't you find it incredibly IRONIC the fact they ignored their own
theories
> was not even mentioned in the documentary ?
> To me, that makes the whole presentation a farce.
>
> Toasted on options ?
> I am doing OK. Make some, lose some.
> Good point about going naked though....I never do, I always know my total
> risk.
> Vic Niederhofer learned the hard way too !!
>
> For your friend to make out that well, his far strike bets that "win" must
> be doing something like 100x of cost......which happens very, very rarely.
> I'd count him as lucky based on my experience with option premiums.....
> Guys like Vic above consistently make 100-500% returns SELLING premium.
|