Sometimes I wonder if you even read what I write! But then I read what I write, and I don’t blame you!!! 🙂 I never thought he said that..
“Well, If you want volatility, my daily trading service for Bond Futures has it, LOL! It does not however, have volatility that extreme, unless it is maxed out irresponsibly. With options you do risk the full amount, and hence get the big leverage.”
“have volatility that extreme” I’m assuming was was in response to the 3 highly profitable scenarios(including PCU) that I was referring to… since thats the post he was responding to.. if not, please show me the subject of “that” in the statement… I do not think those are irresponsible trades. If all he said was “options trading was irresponsible”, I would brush it off, because anyone, including someone that knows nothing about investment can tell that a statement that generalized is no way correct.
Powayseller, if you’re lucky the price of oil won’t crash.. There are lots of acclaimed investors and businessman saying it will, including Steve Forbes.. If it crashes you would be stuck in COP for a long time.. LET ME AGAIN, get back to the WHOLE REASON that I even mentioned options…. I do not have all of my money invested in COP options or any options. I have about 15% of my cash in options. The rest of my cash is in what I consider to be safe place..
“In the Zeal Intelligence newsletter (for conservative investors) they only recommend buying shares, i.e. long positions. No puts, calls, options, shorts.”
I’d appreciate if you’d show me where they say that they don’t reccomend it.. because they do share their option trades in the newsletter… of course all tips are going to have a disclaimer.
“While you got lucky with the COP option”
Powayseller, I haven’t gotten lucky.. I am still holding the options.. So I haven’t gottten lucky.. Do you think I’d be holding these options if it was a definite 90% chance of losing 100%??????????? I’m not saying I won’t lose 100%, because sure I might.. but I’ll address the very misleading 90% quote by Chris in the last paragraph.
“Since 90% of options expire worthless, you have a 90% chance of losing ALL your money when you buy options. Pretty risky…”
Powayseller, PLEASE read my last post.. When you are Chris says that 90% chance of losing all money.. it’s like saying that you have a 50% chance of crashing in a plane.. sure there are two outcomes, but that doesnt represent 50% probability… You msut also take into account the investor can sell the options at any time before expiration..
I hope Lueng_lewis responds to the 90% quote that being misleadingly(made up word?) tossed around..
