re: Options Trading Thread

Just responding in general to no particular post but I want to state my observation when I listen to traders speak (and not just here):

I think people rely too much on technical analysis and the risk is not analyzed properly when they enter the trade. Trading option based mostly on technical analysis then just magnifies the miscalculation of the risk.

I would highly recommend you do fundamental analysis and then use technical analysis as support for the fundamental risk calculation. Hey, for example I absolutely look at when a stock was last at X strike. No doubt. But fundamentals seem to be pretty much ignored and that’s dangerous, especially with option trading.

Put some emphasis on fundamentals and I think you will do much better with options trading.

Also, slow and steady wins the game. Hogs get slaughtered. Don’t be greedy. Just win a little more then you lose over the long term and you will be successful. That’s what the big boys do and they enjoy long term success.

I will repeat I do neutral option strategies. Look into that.

I’m done posting or looking at the MT. I feel my thoughts are not wanted here and that’s OK. No skin off my nose. This is my most honest advice I can give after trading options for about 30 years. Agree or not, I have given it and that that. Don’t even respond because I won’t see it. Good luck.