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re: Options Trading Thread
Posted on 9/20/22 at 7:31 pm to LSUtoOmaha
Posted on 9/20/22 at 7:31 pm to LSUtoOmaha
Crack kills! I worked for Charles Schwab Options Department for 7 years. The only entity that made money in the long run was the house - I.e. Charles Schwab. The loser, crack head gamblers eventually lost their arse! Don’t f’ing tell me different, mofo. I lived it. Save your money and buy groceries. Better investment!!!!
2
Posted on 9/20/22 at 7:54 pm to TigerBogue
Nobody made money in the zero-sum game?
Posted on 9/21/22 at 11:29 am to TigerBogue
quote:
Crack kills! I worked for Charles Schwab Options Department for 7 years. The only entity that made money in the long run was the house - I.e. Charles Schwab.
Let me make a point here. The lower commissions we have now were/are a game changer.
I was with OptionsXpress when they were bought out by Charles Schwab around 2010. The brokerage fees to trade options back then were extremely high. Today, they are a small fraction of what they were in 2010. Commission/fees are so small now that I basically don't even notice them. There is a big difference between now and 2010 IMO. Option trading and beating the market, which is the goal, is very doable.
This post was edited on 9/21/22 at 2:29 pm
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