How To Think Correctly

[Profitaker]

DBP

By gambling I mean risking money hoping to gain money where the future outcome is unknown. I can't really describe "trading" as anything other than the above.

Even though you pay commission / slippage and can lever up, you still shouldn't be able to lose more than 100% of your account. The only exception to this is shorting options.

 

[SOCRATES]

DBP

By gambling I mean risking money hoping to gain money where the future outcome is unknown. I can't really describe "trading" as anything other than the above.

Even though you pay commission / slippage and can lever up, you still shouldn't be able to lose more than 100% of your account. The only exception to this is shorting options.

When you deserve a brickbat you get one delivered...but when you make a statement like this one it deserves to be put in a frame and hung on the wall in the office.:cheesy: ...and copies made and sent to absent friends.

 

[Profitaker]

So frame it then SOC

 

[dbphoenix]

LOL So you have decided to to call yourself a vendor? The flak getting heavy?

Split

:cheesy: No, that was rossored's decision. Apparently the fact that I wrote a book makes me a vendor. Which is fine. As always, the preview is free, and I can now at least put the website link back below my name.

But, never fear, Split; I'll be as loveable and cuddly as always.

Db

 

[SOCRATES]

So frame it then SOC

Yes it is.................. marvellous.................simply..............marvellous.:cheesy: ...................you have no idea how marvellous it really is.:cheesy: ....could almost be turned into a greeting card....

 

[Profitaker]

Soc

Since you have given us hours upon hours and entertainment, I'm humbled that I can in some small way, repay you LOL

Now go frame it !

 

[neil]

Poll result

DBP

By gambling I mean risking money hoping to gain money where the future outcome is unknown. I can't really describe "trading" as anything other than the above.

Even though you pay commission / slippage and can lever up, you still shouldn't be able to lose more than 100% of your account. The only exception to this is shorting options.

We took a vote on your statement above:

Verdict-
http://www.allfunnystuff.com/content.php?type=commented&iid=402

 

[dbphoenix]

Last edited by neil : Today at 08:47 AM. Reason: spilt the wine

Careful with that Christmas cheer . . .

 

[SOCRATES]

Soc

Since you have given us hours upon hours and entertainment, I'm humbled that I can in some small way, repay you LOL

Now go frame it !

You have got it the wrong way round again....it is you lot that entertain me day in and day out, like a free ticket to the Panto.....24/7....though you may think the opposite of course.

Occasionally a statement of this quality is an additional bonus..like a sort of trophy..:cheesy:

I am also including it in a Xmas greeting I am sending your old friend Bulldozer as I am certain he will recognise the comic irony and appreciate it immensely..:cheesy: Compliments of the Season, by the way.

 

[SOCRATES]

:cheesy: No, that was rossored's decision. Apparently the fact that I wrote a book makes me a vendor. Which is fine. As always, the preview is free, and I can now at least put the website link back below my name.

But, never fear, Split; I'll be as loveable and cuddly as always.

Db

Writing a book does not make you a vendor...it makes you a great loominary...that is what it does....and attracts the amiration....of....lesser loominaries....but loominaries nonetheless.:cheesy:

If you keep trying....who knows...you may even be nominated for the Nobel Prize for Laterature.:cheesy: ( Laterature = Hindsight Reading Matter )

 

[orion69]

DBP

By gambling I mean risking money hoping to gain money where the future outcome is unknown. I can't really describe "trading" as anything other than the above.

Even though you pay commission / slippage and can lever up, you still shouldn't be able to lose more than 100% of your account. The only exception to this is shorting options.

Pro.

"The only exception to this is shorting options."

What do you mean by the above quote?

 

[SOCRATES]

Pro.

"The only exception to this is shorting options."

What do you mean by the above quote?

Ha Ha Ha, that is exactly part of the point.

We await his learned explanation ...with bated breath...

 

[Profitaker]

Pro.

"The only exception to this is shorting options."

What do you mean by the above quote?

In selling short traded options, you are taking on unlimited risk. Although the clearing house takes a premium from you as margin, if the market were to move more than that estimated possible by clearing and implied volatility spike then you could find your account wiped out , and then some. The crash of '87 saw many a naked Put seller go bankrupt....personally.

The same could possibly hold true with CFD or similar instrument, except these are margined real-time whereas options are marked-to-market only EOD. Also no possibility of implied Vol spiking.

Soc, thank you for your valuable contribution, as usual

 

[Profitaker]

Is it possibly to filter a "poster" on this website ?

 

[dbphoenix]

Is it possibly to filter a "poster" on this website ?

You can put him on an Ignore list. However, if his posts are quoted by someone else, you're faced with it anyway.

Db

 

[orion69]

DBP

By gambling I mean risking money hoping to gain money where the future outcome is unknown. I can't really describe "trading" as anything other than the above.

Even though you pay commission / slippage and can lever up, you still shouldn't be able to lose more than 100% of your account. The only exception to this is shorting options.

Pro.

Your post seem to imply that shorting options is less risk than futures or spread betting trades.

Can you clarify please?

069

 

[Profitaker]

Ok thanks DB - how do I do that ?

 

[Profitaker]

Pro.

Your post seem to imply that shorting options is less risk than futures or spread betting trades.

Can you clarify please?

069

I don't see why you think I implied that, but if I did it certainly wasn't my intention.

 

[frugi]

http://www.trade2win.com/boards/profile.php?do=editlist

 

[Profitaker]

Thanks Frugi / DB

The boil is lanced The zit is squeezed