CYOF said:
CYOF said:
even Socrates is back peddling like crazy away from the writer has a statistical edge argument. You know it, he knows it, every single contributor to this thread knows it Completely true. Socrates seems to mistake proficiency in one area of knowledge for proficiency in all. Sadly this is not true.stoic said:
The old "traders are born not made" argument. Truly the last refuge of those who can not articulate and explain their argument in any logical and meaniful way so instead choose to hide behind the idea that only a blessed few, touched by the hand of god, talented above all else, special and important in a way that mere mortals can not comprehend have what it takes to be successful at trading. What a load of crock!!stoic said:
PKFFW said:
zupcon said:The article is completely irrelevant and completely discredited, and whats particularly amusing, discredited by John Summa himself in his subsequent book ! you have read John Summa's book havnt you ?
No - and I don't intend to either. I am sure that what you say may well be correct, for it is only the very few that are able to withstand the continual bombardment of nonsensical rubbish by the majority, very few, and the rest, even though they may have been enlightened at some stage, seem to slip into the cavern of ignorance many times :idea:
You just dont understand basic statistics do you
You really do surprise me - that much is for sure. One minute you seem to wan't to be TOLD something, then, when the information is not forthcoming, what do you do, yes, resort to the usual nonsensical rubbish, but then again, I have already identified the group on this site that will always INTERFERE, and like History, many things will just not change, and I have also shown you the reason why this happens :idea:
:cheesy: :cheesy:
CYOF said:
I never said Socrates has to prove anything to anyone. However, Socrates has stated the purpose of this thread is to prove his hypothesis. Pardon me for expecting him to actually do what he claims he wants to do.CYOF said:
This may very well be true. I shall bow to the greater knowledge of those with options selling experience in this matter. However, that still does not prove that writing has an intrinsic edge over buying.CYOF said:
I wont make a choice as I have clearly stated on more than one occassion that I know almost nothing about options.CYOF said:
So you say Socrates doesn't have to prove anything but that he is here to prove something. You still can not explain how his live trades will actually prove anything. To avoid explaining you claim it will break your club rules. Have I got that about right?CYOF said:
PKFFW said:
grantx said:
grantx said:
CYOF said:What is the EDGE - for those who are still in doubt I will lend a helping hand once more.
If you guys read this article slowly the "EDGE" will jump out at you :idea:
But, sadly, or maybe I should say, FORTUNATELY, only the humans can see it :cheesy:
http://www.investment-tools.com/options_reports_1.htm
Option Buyer wins in 1 out of 4 scenarios. Option Seller wins in 3 out of 4 scenarios.
After purchasing an option the following 4 scenarios can occur.
It is assumed that the option is held until expiration.
Scenario Results:
1. Underlying moves, favourable to the option, sufficiently to cover the cost of the option plus make profit before option expiration.
Win
2. Underlying moves, unfavourable to the option.
Loss
3. Underlying moves, favourable to the option, but not enough to cover the cost of the option, before option expiration.
Loss
4. Underlying remains the same at expiration.
Loss
Each loss for an option buyer is a win for an option seller (writer). :idea:
This shows that an option seller has an EDGE over an option buyer.
However, the option seller should sell options with high implied volatility or a high implied volatility / historical volatility ratio - for those that think this may be magical or something like that, for in all reality, it is all but common sense, but then again, read the slogan at the bottom of Socrates posts - for it just happens to be FACTUAL.
This sounds easy. Just sell options and make money :idea:
But do make sure that you know how to do it correctly first - for as I have mentioned above, there are many ways to do everything, but the usual suspects will have you all believe that there are only limited ways, and that is because they have limited minds, no other reason.
To learn how to do it correctly, what do you think would be the best solution?
Let me see?
1) Talk with monkeys?
Naw, that will not work, for monkeys can only ever give bananas
2) Talk with someone who trades this way each and every day, and posts his trades each and every day, for those that want to learn that is?
Well, let me see now, that may be worth trying, but then again, if a monkeys says it can't work, maybe I should listen to the monkey, for even though I will have an EDGE for making consistent profits, I will not be guaranteed a banana.
I will have to think some more about this, for it really is a very hard choice - LIKE YEH :cheesy:
CYOF said:
PKFFW said:
CYOF said:............................There may be some here that will not have seen my previous post to Socrates some time ago, which just now happens to be in a location, which clearly states, that !it has absolutely nothing to do with trading"
Some will ask why do we bother posting here, when you can see that some INTERFERERS will never go away and leave people think for themselves, based on FACTUAL information.
Well, it is easy when you know, so as to speak.
It is called SELF IMPROVEMENT.
By conversing with others, we are able to see very clearly how much advanced we are in our understanding of what real KNOWLEDGE is, and more importantly, RELATIVE to what it is we are trying to accomplish - our GOAL, or GOALS.
Now, it does not matter that both parties are not on an even ground, for, the ignorance of the party that continues to argue blindly in the face of FACTS, is, in all reality, fooling no one only themselves :idea:
But, do not let them make a fool of you as well - for no one can do your thinking for you - no matter how hard they try :idea:
You must make your own decisions in life, and those decisions are always best done when one has recognised the FACTS to be TRUTHFUL, and more importantly, RELATIVE to the desired outcome, or GOAL.
For, even though some FACTS may be TRUTHFUL, they may not be RELATIVE, and by the mere FACT that they are nor RELATIVE, they will be of limited benefit in achieving the desired GOAL, and in some instances, may even HINDER or PREVENT one from achieving the desired results :idea: ...................................
cyof
Firstly, I see you made some effort to reduce your shouting (capitals) content on your return, but it hasn't lasted long - please desist.
Secondly, you still persist in describing those who disagree or question your basic premise as "interferers", "monkeys", "limited minds" and this sort of abuse is simply not on and likely to lead to degeneration of the thread (again) into an exchange of insults. Whilst you were away the disagreements had, in the main, been conducted in a civilised fashion without accompanying abuse/insult and that is as it should be. So again, please desist.
Please regard this as a warning. Thank you.
jon
A Dashing Blade said:Tell you what Bulldozer/CYOF/Struchio . . . why don't you start the debate off by telling us what your choice is and why.
No?
Thought not.
barjon said:CYOF said:............................There may be some here that will not have seen my previous post to Socrates some time ago, which just now happens to be in a location, which clearly states, that !it has absolutely nothing to do with trading"
Some will ask why do we bother posting here, when you can see that some INTERFERERS will never go away and leave people think for themselves, based on FACTUAL information.
Well, it is easy when you know, so as to speak.
It is called SELF IMPROVEMENT.
By conversing with others, we are able to see very clearly how much advanced we are in our understanding of what real KNOWLEDGE is, and more importantly, RELATIVE to what it is we are trying to accomplish - our GOAL, or GOALS.
Now, it does not matter that both parties are not on an even ground, for, the ignorance of the party that continues to argue blindly in the face of FACTS, is, in all reality, fooling no one only themselves :idea:
But, do not let them make a fool of you as well - for no one can do your thinking for you - no matter how hard they try :idea:
You must make your own decisions in life, and those decisions are always best done when one has recognised the FACTS to be TRUTHFUL, and more importantly, RELATIVE to the desired outcome, or GOAL.
For, even though some FACTS may be TRUTHFUL, they may not be RELATIVE, and by the mere FACT that they are nor RELATIVE, they will be of limited benefit in achieving the desired GOAL, and in some instances, may even HINDER or PREVENT one from achieving the desired results :idea: ...................................
cyof
Firstly, I see you made some effort to reduce your shouting (capitals) content on your return, but it hasn't lasted long - please desist.
Secondly, you still persist in describing those who disagree or question your basic premise as "interferers", "monkeys", "limited minds" and this sort of abuse is simply not on and likely to lead to degeneration of the thread (again) into an exchange of insults. Whilst you were away the disagreements had, in the main, been conducted in a civilised fashion without accompanying abuse/insult and that is as it should be. So again, please desist.
Please regard this as a warning. Thank you.
jon
Good morning Jon,
How are you today, well I hope.
Firstly, I will try, but no guarantee, as my mind is becoming corrupt, but I am working on rectifying it.
Secondly, please remove my green dots as requested, thank you.
Thirdly, Profitaker, over on The Options Edge thread, told me to GFY, and what is more, he said that if I did not know what it meant, then go and ask Socrates, for he has told Socrates the same thing many times.
Now, can you please tell me what this means, for I do not know?
And, if this is something very rude, more rude that CAPITALS, why is that Profitaker was not banned for such vulgarity - if it is vulgar of course, for I still do not know what it means?
So, please do explain?
Thank You Jon,
Firstly I know what I am. I know what I am not. I also know that I do not know all that I am and all that I am not. As you have said, self knowledge is what is important. Therefore what you believe me to be is of no matter or consequence to me, thankyou.CYOF said:You see my good friend PK, you are what is termed INSPIRED. :idea:
I have again gone to great lengths to show all how they can always act in their own best interests, and what is more, I have also explained why the majority find this very hard to understand.
Unfortunately, the only way is by DIALOGUE, and I commend you on admitting that you know nothing about Options, for that is indeed the first step, and what you must do, in FACT, is adopt the same views that I hold, and that is, I KNOW NOTHING ABOUT ANYTHING, really :idea:
I will try and elaborate further for some may be interested, but it will be a very small minority.
If someone jumps off a bridge for a reward, how many do you think would follow if the same reward was forthcoming?
How many do you think would way up all the possibilities before jumping?
How many would walk straight up, jump without even thinking.and then come back and do it again for the same reward?
Think hard about this one - for it is indeed RELATIVE - a lot more RELATIVE than you will ever imagine.
Forget about FACTS based on TALKING, and look at FACTS based on DOING :idea:
I have already told ZU that we will see the STATISTICS when all trades are completed - is that not enough FACTS based on DOING - for if not, then please tell me, what do we need to do, bring in a crate of bananas to hand out
As Charlton rightly says - JUST DO IT :idea:
Regards,
