/biz/ - Business & Finance

just make generals fuck discord

>>24628774
this

>I've created a discord
>especially through my email
>!

>>24628774
I plan on making the generals here if there's enough interest. Discord allows me to create catered generals within a server where I can discuss whatever might be in question with the same people consistently. It's not as easy doing it here though I don't find it bothersome. I made generals here and people remarked they should be grouped together with the /smg/ threads which I found absurd. To reiterate, I'll make these threads if the demand is there, otherwise the discord will be a priority. I already have a small following (small indeed) but it's still easier for me I find. It's not hard to differentiate myself here since I'm the only one who goes over stock options mechanical methodology, and I try to make my threads recognizable showing it's me. If you don't favor discord this will be my outlet to you, otherwise feel free to inquire to join and I have no issue. Just here to provide information and help.

>>24628875
I never found discord to be favorable until I used it. I provided my email in my older threads and received lots of positive feedback, however using my email to go over subjects and explain whatever was at hand was cumbersome, if you have a better alternative besides threads on /biz/, I'd like to hear it. You can go over my older threads through warosu if you don't find what I'm going over legitimate or if you find it to be similar to a reddit post.

>>24629097
>if you have a better alternative besides threads on /biz/
if you think that 4chan is inferior or insufficient for your little circlejerk, then fuck outta here and stop using this board to promote your "superior" forms of communication
if you can't make it as a thread or a general on 4chan, then don't bother making it. Or you're just an advertising shill trying to squeeze some free ad impressions from us.

>>24629160
based and /thread

>>24629160
I've made lots of threads on 4chan, I mentioned you can check the archive for the other threads. I've been here a long time as a lurker and about a year ago provided threads for what I'm familiar with. (I just ran into some family issues and didn't have the time to post.) As well, I have no reason to promote what I'm talking about, it's merely for discussion purposes (as were the older threads) to help other anons as they've helped me. >>>Everything I know is available on TastyTrade's website<<< I don't know what you mean by the ads honestly. If you don't want to ask questions and don't like the thread you're free to leave, otherwise I'll answer whatever you like without any obligation on your end.

>>24629160
This is what a faggot sounds like ladies and gents. Incapable of reason.

>>24629160
Stay poor
>>24628705
I thought you died, haven’t seen a thread in more than a few months.

>>24629534
Why yes me, I've died and gone to hell, thank you for asking!

>>24629581
Thanks for the bump from hell! Shameful.

WaterBasedTrading#6178 for my discord account, can't provide a server here as I mentioned before. Is this considered a bump?

>>24628705
if John McAfee generated income with options he wouldn't be in jail or have to eat his penis

think about it

Bump for interest

>>24629791
I see your reasoning! John traded using emotion however, not with a mechanical methodology. I as well awaited his penis eating, sadly to no avail.

Shameful bump again...

Can someone explain me how the fuck options work? I read some explanation but I don't get it. It's like margin trading in steroid?

>>24630326
Feel free to add me on discord is you have it with the provided username in a previous post for more information. Options are contracts that control a specified amount of shares of an underlying. (usually 100 shares) They allow the buyer of the contract to purchase 100 shares of the underlying at a specific price before a certain expiry for a payment to the seller (Call) or They allow the buyer of the contract to sell 100 shares of the underlying at a specific price before a certain expiry for a payment to the seller (Put). The two contracts that exist are Calls and Puts. Calls allowing you to buy shares, and puts allowing you to sell shares. Since these contracts have a time restriction, they decay in price, specifically regarding Extrinsic value. These characteristics being time, premium, and strike, allow an options contract to carry complexity. The complexity allows an options seller to take advantage of things like time decay, POP, and IV (preferably IVP or IVR)

>>24630326


Options in short control 100 shares in most cases of an underlying, and allow the buyer of the contract to buy or sell shares at said price before an expiry, for a price (no right to perform an action is free!). They have the right but not the obligation. Honestly the basics are better explained through a detailed video. Once the basics are understood, everything else becomes easier. If you are ok with taking my word, options are preferable to buying / shorting stock in all scenarios. You can make money if the market moves up, down or sideways (depending on the spread) Check out an undefined risk spread like a strangle or straddle, my personal favorites. I personally recommend this playlist: https://www.youtube.com/watch?v=GzkKFRx1Dhk&list=PLhKnvfWKsu42LtgQmXvuFIf7wveXup1Fm&ab_channel=OptionAlpha

Tastytrade is a network which provides the best trading advice you can get. Go from there and you won't be disappointed. The WDIS : Back to cool series is perfect for beginners. Sorry if this isn't enough to clarify! I can almost add more detail, just takes more posts!. Watch what I provided and you won't be disappointing if you understand the jist!

>>24628705
I am a professional options market maker (in natural gas) would be happy to answer questions here

>>24631163
Happy to have you.

>>24631163
How many times has the EIA report fucked you?

>>24631293
Its super rare, we pull our quotes before hand and are always pretty delta hedged so unless we move like 0.10c+ its never a big deal

and these days the estimates are so good that the number is never really a surprise

What do you guys think of the Balck Scholes model?
I learned it during my master studies and always thought that this cannot be the solution to option pricing.

>>24631438
I use it every day at work, it has its drawbacks but performs fine for the most part

>>24629097
I think you should fuck right off to Reddit. Saging your stupid thread. You're gonna end up like Scooby.

>>24629311
Tell your boss to cut your pay, whatever you're earning you definitely deserve less for making these low effort shill threads

>>24631438
You don't need to understand or know the Black Scholes Model to understand probability or pricing of option contracts. It's just not necessary given the information provided through your brokerage trading platform like TOS or TastyWorks. I've traded for quite some time without understanding the Black Scholes model to entirety and this opinion is reinforced by Tom Sosnoff through his TastyBites show from tastytrade. You don't need to be a mechanic to drive a car, nor do you need to understand a model to trade and understand the basics of options pricing. Through experience, you'll come to realize what you figure you might need to know never comes to fruition (granted not with everything but some things like this), which is a good thing! All in all, it's fine to know, but you'll never use it with any real methodology, though knowing it won't hurt you. This is from my own experience of almost a decade of trading, so take it as you will, tastytrade will reinforce what I've just stated with more backing if you'd like that. Great question though, I've gotten it before.

>>24631548
How exactly is this a shill thread? You don't need to be part of the discord group if you don't want to be. Just ask something and I'll answer it for you. I never was called a shill in the previous threads so I figure it has something to do with the discord. I said I'll make more of these if there is an interest so I'm not sure what you're trying to imply? I made over 10+ of these threads with a great response from fellow anons so I figured this wouldn't be different (Not that there weren't people like you in the older threads doubting me, there were). Don't be frustrated that I'm not creating another horrible crypto thread, again please tell me why I'm being a shill since I don't know what you're getting at. I'd figure some of you would appreciate an informative thread which that's all this is.

>>24631538
You seem to be angry for no discernible reason. I can only wish you luck and maybe you'll have a change of heart in a future thread. If there is something I can change to better help, feel free to tell me.

>>24631538
Please consider checking out my previous threads and see that they're entirely informative. If that doesn't justify my one thread among all the garbage here, then you really are lost.

>>24631438
Just another thing that makes sense in theory but not in practice, like the efficient market hypothesis.

Like the other anon said though, you don't need to know it nor is it even that relevant if you want to trade options

So what's the discord? Why would anons email you?

Are options better than regular trading? can manage/taylor risk the same way? I've been interested in learning about it.

>>24633146
WaterBasedTrading#6178 is the discord.

The anons were people who had an interest in the methodology and wanted to have someone who they could ask questions to. Really a reference. I can add you too the server through my account.

1 minute renko charts are the answer

>>24633605
Options are preferable to trading shares of an underlying in terms of an actual trade. They are not an investment since they are a decaying asset (as in a long term investment). If you're looking to trade for profitability and are looking for something consistent, options are really the only way to go about that. To be put very simply, we sell contracts that have a statistically proven probability of expiring in our favor, and these contracts have a high IV value which values the contract more so than if it had a low IV value. So we sell a contract for more premium than usual (High IV), and the contract only has so long till it's worth nothing so as time passes we collect premium on the contract since we can now buy it back at a lower price since it's decayed in value if we so choose, cash flow really from a depreciating asset we're short. The risk profile is different if you're short / long the position. If you're trying to avoid exposure and undefined risk, you can create a vertical spread (preferably short) or an iron condor making it a defined risk trade. The risk is really more manageable since you can define your max loss / max profit and your true probability of profit (which you can pick, %10,%30,%40,%60,%65,%70,%80...etc). All of this allows you create a mathematically proven (backtested) calculation of what your trade will likely turn out to be. With this, you can manage trades early to increase your probability of profit from a 70% POP (probability of profit) to 83% for example since you're not letting time play out completely, you're adjusting the POP based off of time in your favor. That can be explained with a graph for a visual aid. It's always easier to explain over a 2 hours discussion really.

Whoever is paying pajeet op, scripts and a 4chan pass are cheaper

>>24634050
Ichimoku isn't too bad. Renko is just nice to look at. It's a real hindsight indicator.

>>24634110
Not sure what you're getting at. Am I not doing exactly what I said I would do? Answer questions?