Forex Cryptocurrency General Chit Chat Thread 2019

[blurinvestor]

Only 3 good to go -

AMP Apr19 135 PUT @ $1.75

WYNN Apr19 135 PUT @ $2.10

NTES Apr19 267.5 PUT @ $6.10

add - WYNN Apr19 141 PUT @ $1.90
That should cover any losses off the 135 PUTS

added - NTES Apr19 267.5 PUT @ $3.00,
now average at $4.55 ( 5 April)

NTES Apr19 267.5 PUT @ $6.10
$271 is some minor support, so it needs
to drop below that to continue a downward move

on paper look green BUT if I closed I die. Hope this make sense

 

[MrPippen]

Power !!!!

100% wins 100% of the time

Noice! Toits!!!!

 

[Shiny Things]

100% wins 100% of the time

Your account value and your available margin have both gone down between the previous post and this one. You’re losing money.

 

[MrPippen]

Your account value and your available margin have both gone down between the previous post and this one. You’re losing money.

but his cash went up! cash is king!

 

[MrPippen]

Yuppers....Cash is KING !!!!!

Do you ever take any directional bias?

 

[DukeCS33]

but his cash went up! cash is king!

Yes - Cash is king. Only when it belongs to you. VB does not look at his liabilities but continue to roll over his positions to accumulate cash premiums. A day of reckoning would come. Going by this modus operandi, by the time his cash premium hits 100k, his liabilities would have gone up as well. One spike in vols would cost. Hopefully the old man has enough to retire on and not get wiped out.

 

[MrPippen]

Yes - Cash is king. Only when it belongs to you. VB does not look at his liabilities but continue to roll over his positions to accumulate cash premiums. A day of reckoning would come. Going by this modus operandi, by the time his cash premium hits 100k, his liabilities would have gone up as well. One spike in vols would cost. Hopefully the old man has enough to retire on and not get wiped out.

VB is old man? From the way he talks, he seems like a ballin young/middle-aged man!

 

[MrPippen]

For a 50% trader your ignorance is amazing.

what is 50% trader?

 

[MrPippen]

Yes - Cash is king. Only when it belongs to you. VB does not look at his liabilities but continue to roll over his positions to accumulate cash premiums. A day of reckoning would come. Going by this modus operandi, by the time his cash premium hits 100k, his liabilities would have gone up as well. One spike in vols would cost. Hopefully the old man has enough to retire on and not get wiped out.

Are you saying that what he is doing is like increasing account balance but floating profit/loss has gotten worse?!!

 

[MrPippen]

In simple words??...just a clear cut crystal idiot. !!

why use the phrase crystal? I like Crystal.

She debuted in a girl group called f(x) somemore

 

[DukeCS33]

Are you saying that what he is doing is like increasing account balance but floating profit/loss has gotten worse?!!

On a day to day basis, when one earns time decay and nothing happens, you would accrue small monies. When vols spike up, that's where you will see big pnl swings. Wait till vols spike up then we shall see that he is indeed a 100% trader.

 

[MrPippen]

Don't forget my pot belly

Must be eat too much good food!

 

[DukeCS33]

Do you ever take any directional bias?

There was already a directional bias inherent in the trades. Probably does not even realized it himself.

 

[MrPippen]

There was already a directional bias inherent in the trades. Probably does not even realized it himself.

There was already an idiot in the room. Probably does not even realized it himself

 

[MrPippen]

London opens in 3 minutes!!!!

 

[MrPippen]

Brexit: Germany's Merkel said to be willing to put five-year time limit on Irish back

 

[MrPippen]

Germany denies report Merkel would accept backstop time limit

 

[revhappy]

but his cash went up! cash is king!

That cash is fake, just an accounting entry. I have sold stock options, you immediately get a cash premium, but it means nothing. What matters is: do you have enough margin when the trade goes against you and when you close the trade eventually, did the option premium increase or decrease.

 

[MrPippen]

That cash is fake, just an accounting entry. I have sold stock options, you immediately get a cash premium, but it means nothing. What matters is: do you have enough margin when the trade goes against you and when you close the trade eventually, did the option premium increase or decrease.

Ah....

So when we buy/sell options, we get the cash premium upfront? Not like forex, the swap is only paid/charged when you close the trade?

 

[Mr. Wood]

Ah....

So when we buy/sell options, we get the cash premium upfront? Not like forex, the swap is only paid/charged when you close the trade?

sell options get cash up front.
buy options pay upfront.