Quote:
Originally Posted by Dpeck100
You are correct Peter.
I have thrown 3k at a trade that had two days until the option expired. A ticking time bomb. He clearly had asymmetric risk here. It appears more that he has confidence in his work and isn't concerned about getting rendered with the AUTH grade or it staying there.
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He made 25K from a 3K purchase which he could afford easily to blow up. Even with a relatively low chance of success it's an obvious gamble to take. He has 20 years of experience and knows his chances. Nothing to see.
__________________
Four phrases I have coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 06-08-2019 at 02:54 PM.
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