“I made 100% every week this year for a total return of over 5,000%!” I actually saw that claim made by a trader. Of course the trick was how he was calculating profit – it was simply based upon how much of the initial credit he retained. So, for instance, if he sold a […]
trader
So, what do you do for a living?
“I’m just going to say one word…plastics. There’s a great future in plastics.” Quote from the movie, The Graduate As any full time trader knows or as any new trader will soon discover, there will come a time when you will be asked what you do for a living. I wish it were as easy as […]
Trading Truths
When I first started trading complex options, I actually had great success. Eventually, of course, the market handed me my first loss which I dutifully reviewed with a senior trader. The response I got was that it was just a losing trade, that it happens, and I should keep doing what I’d been doing. That […]