jing a ling, I've looked at your post history. You're making up lies. That's the nice thing about a message board that saves past posts.
Learn to be quiet? Nope. Not going to happen jing a ling. What are you going to do about it?
You're a pompous waste of gas. I did not fail with my business. It's obvious that you have never run a business in your life, if you did, then you would know it would be impossible to do so while seeing doctors for cancer. Then having to pay it out of pocket because private insurance is a scam.
I'll be back in 2 years. While you'll still be a pitiful joke with nothing to offer.
60+? I'm 32. At 28, I was making more money than you'll ever see. You must be some 14 year old kid playing on his daddy's computer.
Such is life. I once had a successful business. Being frugal, I had more money than I knew what to do with. I had a 800 credit score and could have any kind of loan I wanted. Aside from student loans, I had no debt, I paid off all my debt I used to start my business.
Then I lost everything. I hope you never get cancer, all your planning goes to #$%$. And I hope you have group health insurance, I had individual insurance, and they screwed me good.
Such is life. You can't take you seven figures when you die. Praise Jesus, my soul to keep.
Thanks Ephort, I appreciate your words. I don't usually buy OTM options, I usually buy NTM, but my money is gone. Desperation...
I'm planning on moving to San Francisco. I already started work on marketing and hope to have a base of clients when I move there. I'll buy a bicycle which can carry my equipment and I can train clients at a local park. Then when I'm done working, I can ride to a forest away from fellow bums and sleep.
I'll be back here in 2 years.
It doesn't matter, it won't make a difference even if RIMM drops to 6. Not enough money.
I watched a documentary on card counters (blackjack). They would go through bad runs of losses up to 80k, then their luck would turn and they would make up their losses plus profit.
Can't make it on options unless you have at least 100k to make it through the bad patches.
Time for me to cash out, pay off my student loans and set aside money for a bankruptcy attorney.
How ironic. My winning steak is back after it's too late to make a difference.
I bought 12.5dec RIMM puts. RIMM is down 12% after earnings.
Lord please give me the strength for what is coming and let me be purified of my sins through suffering and hardship.
Yes the 3k limit is for earned income. If Xion makes 1 mil in options next year, he can apply 300k to the capital gains.
IRS Publication 550
I had 6k left on my credit cards. I did another balance transfer and tried to move it to my brokerage account. Unfortunately, there's a 5 day hold on deposits in a savings account and another 3 day hold to trade options.
I spent the last 2 months checking out the Bed Bath Beyond stores. Based on what I saw on Black Friday, I knew they would miss on earnings.
Had I been able to put that money into my brokerage account fast enough, I would have made 15k today with the 57dec puts.
I bought 30 of the 55dec puts because I had no money left, but they are not at profit even though the stock dropped 5 dollars.
It seems like there's nothing I can do to avoid bankruptcy and being homeless. It seems like I must pay for my past sins in order to find redemption in Christ.
Also keep in mind that you trade shares.
Options decay based on many different factors. So if you bought shares at 31.50, you might be able to be break even and even make money. However if you bought options, your break even will be higher due to the premium you paid (you need to buy deep ITM calls to be on par with share price), combined with time decay.
I've done very well buying shares. From 2002 I've always made money, the exception being 2008.
Initially I made very good money trading options. I doubled my money in 2 months. That made me very careless and use far more leverage than I should have.
Doc is a far more knowledgeable with options than myself. He lost all of his money 3 times.
In the end it doesn't matter. We lose everything when we die, so I am learning this at a age much earlier than I thought I would have to. However, I realize that my life is a precious gift, a grace from God that I cannot return, so I will rebuild until it is my time.
You're cherry picking. A lot of people bought at 31.50 to 33 for the dividend run. Only those that bought Friday are making money.
You've been very lucky. Death comes to us all.
Buying for the div run doesn't work anymore. Unless you bought at the bottom at 28, or at the retracement at 30, you lost money.
Everyone who bought at 33 or above is going to lose money.
And if you looked at my original post, I was asking for people that made money consistently with trading options over a 10 year period.
Options decay very quickly 2 days before OPEX.
Luck has a lot to do with making money with options. Why? Time horizon. When you buy stocks based on fundamentals, it takes time before the market realizes that fact. Markets are only efficient in the long term, not the short term.
That's why a lot of people were wiped out shorting NFLX at 200 or above. They were absolutely right, and still lost their money.
As much as I would like to see 34, we only have 5 days before ex. Combine that with the fiscal cliff and taxes possibly going up. (The number of posts of people that think AGNC pays out qualified dividends)
So I think the top will be 32.50 and that will be on Wed.
I owned a personal training gym in Chicago. I'm in Kansas now, and it's a terrible market for personal training.
I figure worst case scenario, if I end up being homeless, I can move out to San Francisco, which is one the best markets for personal training, offer cut throat pricing and train clients at a local park.
Do that until I have enough for a retail location.