For the record, tweet was posted near 3.00 pm and a follow up was also done post close where I clearly mentioned there was no selling visible in the last 30 mins of the day
Still I get ungrateful and unhappy people on the timeline.
No one does more than me to give quality A grade actionable advise and yet there is no appreciation of the efforts I make for you
If this continues , no more from me.
You are on your own
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When i started off in #derivatives#trading, some 15 years back, the "default trade" taught to us was to trade in Futures or to BUY calls or BUY puts as the need arose.
These days the "default trade" is to SELL calls and SELL puts.
Thanks to a spurt in online education, you learn quickly to sell options at 09.25 am and at 12.30 pm and every time of the year.
No education is provided for things like VIX, directional volatility, IV smiles or even basic gamma math
And the numbers speak.
The option market today is 10 times the volume of the Futures market.
and this is just the weekly contract & on normal days of fri to wed.
On Thursday the Option volume market goes up 3X or 30 times the Futures Volumes , mostly writers closing positions
I see a synergy in the 2, fully aware that there are radical and often polar opposite views for both trading and investing.
Most traders diss investors and most investors do not think kindly of traders.
Investors talk in terms of wealth creating and urge you to invest savings etc in investing. Those who do so end up with the "good life" at 65-70 with no friends to share the riches with.
Traders on the other hand are constantly working for that extra few percent every month.
You cannot be wealthy, till you can make money whilst you are sleeping also.