[cosgrove]

What is your general approach? Selling premium? Earnings announcements?

Do you frequent any online communities of professionals, or is it just you, your spouse, and your mentors?

Beyond wanting to learn alternative approaches myself, I help moderate a local trading group. We are always looking for presenters in our monthly meetings.

[mrsofty]

Yes we sell premium. I suggest you listen to the www.tastylive.com people, they are pretty sharp and realistic. We do NOT listen to anyone but the math and our mentors who help us add realism to the approach. Pure math is ok but, as Simons showed, you need a little guesswork in there. We use graphical representations of complex data sets ALA Tufte.

[majikaja]

Is this a sponsored comment?

[adamsmith143]

Please don't do this. Virtually all day traders lose money and the ones that don't are almost certainly running on luck. If you really had an edge in the market you would open a hedge fund and rake in billions. Everyone else is just playing the law of large numbers and the winners happened to flip 50 tails in a row.

[mrsofty]

I agree but trading OPTIONS is not day trading. It is based on probability and DURATION. Selling premium allows you to pick your duration,probability of profit and value at risk. This is NOT day trading which is financial sugar. This is the message that tastylive.com advocates. I am NOT compensated by them but they ARE people I trust and respect.

[mrsofty]

Nope options allow you to choose your probability so it's NOT 50/50. We tend to sell premium with prob of profit of 80 - 90% it's less premium

YOU are mistaken.

[majikaja]

There is a continuum between making $0 and billions as a trader.