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Steve, Sorry but, You are wrong.First, I never admitted that I didn't make money with options. You have me confused with someone else. I have not even tried to make money with options. I think there is a difference.Second, I'm not preaching to you regarding options. I asked you why 90-99%(yes, its in this range according to every option author I've read),of the option traders lose. I think there are some fundalmental reasons why most option players lose, such as it is inherently speculation by definition and practice, the premiums you pay for the option are not consistent or linear to the stock price, and call options usually carry a higher premium than the puts, time sensitivity, etc. These dynamics, along with many more make the option game highly risky. My only point is to convey my opinion to the SI post, that option trading is a highly speculative and risky endeavor. The End. I'm glad you are successful. If you do write a book, I'll buy it. LF |
