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Showing content with the highest reputation on 04/27/2020 in all areas

  1. 1 point
    Well, I didn't want to mention tastytrade as some people say I'm biased. But since you did.. I have no idea why they do what they do. Presenting results in dollar terms is completely meaningless. Even if you backtest the same stock over 5 years period, and the stock price doubled, which probably caused the typical straddle price to change significantly as well. So if 5 years ago the straddle price was $10 and today it's $20, how does it help to compare the dollar P/L? it's comparing apples to oranges. Even on the same stock.
  2. 1 point
    Yes. Tasty trade does this too and it drives me crazy when they include AMZN in their limited studies. You would think their team of "data scientists" would catch this and they probably do but I suspect Tom tells them how he wants the results to look and then they scramble around trying to make it fit his narrative.
  3. 1 point
    Google "Robinhood outages" and you'll get all the info you need regarding why you shouldn't use Robinhood. People lost millions of dollars from being unable to trade on some of the most volatile days in memory and only having an email address to theoretically reach a trading desk. Also Google "Robinhood infinite leverage" if you want a laugh. They aren't a serious outfit.
  4. 1 point
    This is the list of my favorite Options books: Getting Started in Options by Michael C Thomsett Options as a Strategic Investment by Lawrence G. McMillan The Rookie's Guide to Options by Mark D. Wolfinger Profiting with Iron Condor Options by Michael Benklifa Options Made Easy by Guy Cohen The Bible of Options Strategies By Guy Cohen Get Rich with Options by Lee Lowell The Complete Guide to Option Selling by J. Cordier and M. Gross Trading Option Greeks by Dan Passrelli The Volatility Edge in Options Trading by Jeff Augen Option Volatility & Pricing by Sheldon Natenber General trading books, trading philosophy etc.: Super Trader by Van K. Tharp Trade Your Way to Financial Freedom by Van K. Tharp Come Into My Trading Room by Alexander Elder The Complete Trading for a Living by Alexander Elder Trading in the Zone by Mark Douglas Finally, a list of my most popular and/or valuable articles outlining my trading philosophy. I apologize for placing my articles at the same place with Augen, Van K. Tharp and Elder, I just wanted my readers to be able to see everything in one place. Exploiting Earnings - Associated Rising Volatility Why I Dislike Holding Strangles Through Earnings How To Profit From Sideways Markets My Investment Strategy For 2012 Google Earnings Trade: To Hold Or Not To Hold Google Earnings Trade: Risk Vs. Reward Why I Wouldn't Sell Options Now
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