Dr. Doom
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Real professionals know that I am right.
Dude, prove it, or shut up. This is the "Wall Street" BS of CDSs, and such. Everyone knows how to write calls, stop-loss orders, and puts. You are an old BSer. What you do for wealthy clients is basically entertainment. I'm not saying you don't get a result, I'm saying it is not superior, you can't prove that it is.Heh. You know a few cranky old guys, too. He shows up at the office to abuse people, and bet at the race track, then he goes home and ***** off to the golden girls.
Boy isn’t that the truth–post all day, every day, and then when it really matters you forget your password. What a bummer.
1. So your entire visit here was to expose me to whom? To this forum, a tiny little niche in the corner of the internet world? 2. And your entire basis for judging me is based on what? You have no idea what type of business I run, how I interact with clients, or my investment strategies. So you make wild assumptions based on my internet persona. That makes you a chump. 3. Some of the things you post are interesting and maybe if the signal to noise ratio wasn't so high, we might listen. [/quote] I signed on the other day to amuse myself--to see which moron rose to the bait first. You won that hands down. I judge you because I've known hundreds of your type--death of a salesman come to life, barely hanging on enough to avoid being fired. Wasting your time on an internet message board. The signal to noise ratio was zero until you opened your mouth to fill the "room" with blustering because you had no idea what I was talking about.[quote=Provocative Put]Well, my visit this week will have been a success if I have exposed you to be the epitome of the punk loser who should not be in this busiiness.
Whatever happened to Maybeeeee? If she washed out perhaps Glamour Magazine would like to talk to her.
Here’s another idea that will add ooomph to your client’s portfolios.
There are two ETFs dealing with the oil drillers. DIG and DUG. DIG appreciates when oil rises in value and DUG is an ultra short that will appreciate when oil declines. Both are exceptionally volatile and as a result both have unusually large options premiums--lots of time value. DIG is trading for 30 today. A November 35 put is trading for 8. Write it, collect the 8. DUG is trading for 53 today. A November 55 put is trading for 11. Write it, collect the 11. If oil goes down in price DUG will go up--almost certainly above 55, so the put will expire. Short term gain of $1,100. However DIG will go down in value so the DIG put will have to be repurchased. In order for the put to cost more than the 19 that was collected from both puts the DIG will have to be 19 points below 35--down at 16. The yield on DIG is now about 15%, there is not a lot of room for it to drop. Similarly if oil goes up DUG will drop in value, but DIG will rise. The DUG put is a 55, so in order to lose DUG will have to trade below 36 in the next month. That might happen, but most observers think that oil is heading south for awhile--that even OPEC is reluctant to curtail production for fear of throwing the entire world into a depression. Anyway there's about $10 or $11 points of time value in a ONE MONTH strategy. The risk is that your client might end up owning an drilling related ETF at its historic low price. Most plans will allow an investor to write cash secured short puts. That would be $30 plus $55 minus $19. $66 per share required. If the stocks remain where they are the gain will be about 11 on 66 in one month. That's advice worth paying for.Well, old man, a bear is a bear.
You made some big claims, but you're a little short in the meat department. And then you come back whacking off with your sample betting strategies. You're like the guy who chases down Mae West, and then can't get it up.[quote=Getthere]Well, old man, a bear is a bear.
You made some big claims, but you're a little short in the meat department. And then you come back whacking off with your sample betting strategies. You're like the guy who chases down Mae West, and then can't get it up. [/quote] Ferris, I am well aware that you're unable to grasp the concepts, that's fine the world needs you too. When you wash out of this business you'll be able to find a job doing something. The rest of the boys and girls are bright enough to grasp it and it is for them that I am writing. You're dismissed.The Google trades I suggested had costs of $8 per leg plus 75 cents per contract. Yesterday I did four legs ($32) and twenty contracts ($15).
Today I did seven legs ($56). There are no per contract charges to close a trade. So the costs were $103. According to Ferris--pretending to be Getthere--that is a huge negative drag on a one day profit in excess of $14,000. He's not the brightest bulb in the room. Is he? But he's a "financial advisor." His business card says so.Let’s get back to your attack on real financial advisors.
They provide a service, get results, and get paid. You're just a putz. Who gives a crap about your hobby? If you were generating any real value, you wouldn't need to come here to prop up your ego. Nice try, BS'er. Your social intelligence with clients, or industry peers, is zero so far. But keep trying to show us something real, that we don't already know.Tell me, Ferris, why should a real "financial advisor" not suggest that his client commit 15% of his portfolio to things such as I suggested yesterday, and pulled off today?
I took $1,000 and multiplied it into more money in a single day than anything you understand could do in a lifetime. Yet you know what your clients want and I don't. We're laughing at you.Come home honey, I miss you. Stop playing this fantasy game, you know we’re broke.
Uh huh.
You can do what you want with your 15% non-correlated allocation, and BS about your big days, which will average down to the mean against your crappy trades. You get off on attacking professionals as you springboard off your hobby, which is fine, I'm just calling BS. Tell us a little about what you know about portfolio withdrawal strategies in a down market, for example, based on your experience with real clients, if you want a little credibility. Otherwise, you're just a BSing (passive-aggressive) putz.What makes you a “professional?” Carrying a business card that introduces you as a “financial advisor” does not impress me.
Hah, I thought so, big balls! You come to a professional forum, and attack members. Thought you were making some headway today, didn't you?
You don't know Jack about what we do. Go back to your Yahoo forum, and argue with your fellow hobbyists.Putsy is that you? Are you at the public library pretending to be some guru options trader? I thought Dr. Richardson told you that it was bad for your condition. Did you tell your friends here that you are the star of lemonparty.org?
Lots of folks want to know what we know, for free. If and when you become a professional, you may earn the right to challenge our professional practices.
If you want to Google portfolio withdrawal strategies in a down market and try to BS us, go for it. Mean time, go plan your next options bet, Putz.