/biz/ - Business & Finance

>>54322855
elaborate on the strategy this is a nice life you've got going if not larp

>>54322855
I plan to do this after I make big enough money in crypto. I already designed my algorithmic strategy, I just need the capital to implement and execute it.

>>54322855
I'm trying. After a few big losses on futures I'm finally up big. I already make 6 figures in my wage cage. Now I made 6 figures shorting this shitty market and preying on retards that thought arb would go to 10 dollars. How much do I need?

Option trading: Make $500 to $2000 per week 95% of time. Lose $45,000 5% of the time. Also pay government 39.6% taxes for all winnings. Retard game longterm and why 95% of "le day traders" lose money. Although I admit going for Asia for women is supremely based.

>>54323465
Yeah, I have the same attitude on options. I do covered calls to hedge on stocks I own, but that's about it.

>>54322855
I love this woman

>>54322855
I don't know what options are.

>>54322855
Why don’t you scale up?

>>54323465
mfw no taxes in UK because it's gambling and all winnings are tax free.

>>54322855
I have such massive swings. I went broke gambling on options. Tesla made me 15k and I hedged it all on investor day... which obviously tanked.

Finally built a bankroll up to start again.

>>54324498
>Finally built a bankroll up to start again.
Hope you have learned from your past mistakes, fren

>>54322855

You live in a basement. I may live in a tent, but at least it's above ground.

>>54324547
Haven't even invested in anything yet. I have like 1k now, will be 2.5k at the end of the week. Not even sure what to throw it in. Definitely wanna do my research.

Iron condors on stable stocks is always a good bet, but timing OOM calls and puts always pays so nicely. Any suggestions? I was thinking of some puts on SCHW.

>>54322855
>Stop bagholding imaginary meme coins and actually learn to trade.
Been doing this for the past few months. I've been reading books, listening to podcasts of average joe traders who made it. Haven't touched Options though but I get their basic principle.

Any resource recommendations on options?

>>54323465
Me exactly. I quit options gambling after my 2 losses wiped 2 months of wins. When the time looks right I'll go back to using them solely as leveraged equities, but being a gambling man never worked for me.

>>54324498
DA WHISTLES GO WOOOOOOOOOO

>>54323465
>>54324801
Sounds like you guys had really shitty risk management.

>>54322855
I'm usually just checking to see if my dext stuff is going well, looking at charts is the only thing I know how to do, plus I was never given any tips for this so I'm pretty much fucked sometimes

>>54323465
>Lose $45,000 5% of the time

Literally how? You can only lose what you put in with options.

>>54322855
It wouldn't work out. I would fuck every Asian girl I see. Even the ugly ones in the offchance that one of them is good in bed. I would spend alot of money in my pussy pounding endeavors and would just run out of money very quickly. I would even spend money on the ladyboys. I hate condoms so naturally I would be taking a very frequent visit to STD town. Etc. Etc.

>>54322855
1 post by I'd larp thread.

If only it was so easy printing mobey

>>54324481
Leaf here, always considered moving to UK cuz of this

>>54326820
based detail noticer

>>54326764
>Literally how? You can only lose what you put in with options.
Not if you sell a call and the stock moons, or if you sell a put and the stock dumps. Unbounded losses.

>>54327058
Not if you buy protective long option wings to cover the trade going against your short strikes.

>>54323660
she has nothing to do with trading, all her advice is fucking retarded like short gaps just because it gapped up and does shit like pic related. even the interviews are like an informercial for not finance people there are no specifics and just "how do you spend your money tier" its shit

>>54327166
Yeah but clearly he was too dumb to do that kek

>>54328000
But she's adorable

She's super adorable

>>54322855
can someone please explain to me how options work?
i understand margin and futures but there's no usable guides on the internet and it all seems like random gambling.

what dictates the prices around the strike price? why is a call / put around the current price the way it is but super cheap at the bottom (and expensive at the top).

i don't get it. is it an orderbook?
literally tracking 100ms orderbook heatmaps from 200 pairs and running 20 crypto bots and i can't understand options.

>>54322855
this bitch used VWAP alot in her videos so I once commented something like "oh yea I know you have a VWAP - Very Wet Asian Pussy" and it was deleted within hours

>>54323465
Your wins are taxed at whatever your income tax bracket is, it’s not automatically 40% you moron. Gets so old hearing people that are pussies and terrible at trading regurgitate misinfo to make themselves feel better about being a shit trader
Also
>>54324864
This. Learn risk to reward ratio and stop WSB diamond hand meme trading

>>54329424
Look up TD Ameritrade Options on YT, they go in depth. I don't fuck with options because of you do, you'll likely need an CPA to do your taxes. This is why I only trade futures, much simpler.

>>54322855
1pbtid. Every time.

psyop thread to make people YOLO their life savings into options trading. nice

>>54329424
1 option contract essentially allows you to buy 100 shares of a stock for dirt cheap at the strike price you purchased your options contracts at when the price of the underlying stock crosses past that chosen strike price (should you choose to exercise your options after the strike price is crossed- most don't, you'll see why). Therefore the closer the price of the underlying stock gets to the strike price you bought your options contracts at, the more expensive and more valuable that option contract becomes- if the price of the stock continues moving past your strike price, the option contract builds even more value. Rather than exercise your options though at the strike price you bought it at for the shares of the stock, you can instead flip/sell your option contracts to other buyers for a steep profit- this what most people choose to do.

If you buy at a strike price that is far away from the current price of the underlying stock, its going to be cheaper for that reason- because it is far away from the price you would be able to theoretically exercise your options at- and vice versa more expensive if the strike price is closer to the current price of the underlying stock.

>>54329430
Ok this made me lol. Not surprised the bitch has no sense of humor.

>>54323660
I also love her and I'll protect her. I'm glad she made it, she's very based and I respect woman who win this game

>>54322855
I've opened my first call option last week and there's not enough "liquidity" on the market. Option writers don't provide fair prices. t. from third worlderino

Swinging bonds seems like a promising career though, so long as you can outpace comissions and taxes. Literally free money.

>>54323465
lol, once you factor in taxes you realize even a moderate edge wont tip the scales in your favor. This is why trading is a bad idea even for those who can be marginally profitable.

>>54324620
>Iron condors on stable stocks is always a good bet
Until one day its not

>>54329424
You are trading expected volatility

>>54322855
No, no, no. Even the pros tend to avoid options except to use as an occasional hedging tool. Wouldn't doubt if you're an option seller trying to get more dummies trading options because selling options is where the money is at in that game.

>>54322855
Anon your still here? I have a few questions. Scrolling trough the comments now just in case they have been answered.

What's your strategy anon please share. If any generous anons have a good strat please share also.

>>54331257
>sexual harassment is humorous
nope

>>54332103
True, except for the thousands of professional options market makers out there

>>54333100
I personally have been trying options 2-3 years. I would quit for a few month's when I got reked, but saw the potential. After 3 years I am finally consistently making money weekly. Its not easy man you have to put in the work and have a solid system. Its all in the mindset man.

>>54322947
You can do it now Anon, $300-500 positions. If your Algo works then you do not need much to scale up. Right?

>>54322855
Let's say one is good at catching trend reversals. Is buying options the best way to leverage up? Futures? Does volatility make option contracts too expensive during reverals?

>>54324481
Based spreadbetter

>>54335540
Yes, yes, and yes

>>54322855
I need $3k/day

I'm more of a leverage man myself. Waiting for rodeo finance to drop so I can slurp that arbitrum kino before the well dries up.