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I do this. I don’t completely understand the language I need to explain it. But I’m understanding itm otm and the implications with the Greeks (somewhat). I will look into this more.

-1% weekly

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Above average is when you can stop after 3 trades because the 4th one is always a loss, always.

Why did the mods take away his emoji? Bring it back

An option can either be in the money (ITM) or out of the money (OTM) which refers to the strike price of the option in relation to the market price of the stock.

Naked refers to writing call options without owning the underlying or writing put options without being cash secured. Selling naked options exposes you to unlimited risk.

If you are buying options, they aren’t naked since your max loss is your premium.

If the options you buy have low premiums, they are likely OTM. Do you pay attention to Delta, Theta, Gamma, and Vega when you look at options? If you aren’t using the Greeks or looking at ITM/OTM, whatever run that you’re currently on is unsustainable.

The result will always be the opposite. - The Public on Jim Cramer probably.

Expensive trip...lol

I want 300% daily returns.

15% is a win

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Hallelujah, Praise the Lord.

LOOOL with all that bailout money they start buying banks huh? first republic=first citizens.

I lost 3 k bc I lost cell service for 6 min while going around a very small mountain.

Well I just happen to know where my wife made deposits at from her job ,let's just say First Citizens has no worries. Just I can't say anything but it was a shit ton of money daily. Twice a day from two different places.

Anything better than -100%

Let time and patience do their perfect work. You'll get good. Why? Because you won't stop.

Ever.

So let's put it like that. The most successful trading company ever lead by Jim Simons and a bunch of actually very very smart people could produce a reliable 50.75% win rate and made insane returns with that. Everyone else is extremely likely way worse. Don't ever think it's anything but a casino if you're trading.

Your best bet is actually finding some arbitrage opportunity in a niche which are the only "traders" that are actually successful and pray it never goes away.

Coach me

Be patient. There's a hundred life changing trades every year. It's been that way since the early 1990's since I've been trading.

Keep building your skills. Enjoy the ride. It's a puzzle that's only available to the few who can "see the pieces".

You have a gift..most people don't have. Trust me.

In a perfect world, the depositors with like 50 million held at one bank would at least take a haircut as well. The risk management is pathetic . .

Thank you

Nice, ty

I don’t know what that is. I am not a sophisticated trader.