Internet Monies + Options/Derivatives = Profit?

This is a funny thread!

I would bet that a majority of this forum could not define "derivative", describe a single option strategy, or even knows what a put or call is. Sorry guys, you have a lot to learn (and need a huge budget) if you want to trade from your living room.
 


Tupacia said:
As a professional trader, the best advice I could give you guys is to stay away from trading and instead invest in a passive long-term portfolio comprised of low-cost index funds. The learning curve to become a profitable trader is unimaginably steep and every educational resource out there sucks and is put out by snake oil salesmen and con men.

In fact, I talked with my firm about the possibility of creating an educational product about equities trading but was told that I couldn't as a result of FINRA (the finance industry's regulating authority) regulations. Thus, the only information out there is written by retail pikers and not by actual legitimate institutional traders.

I stare at my screens every day for 8 hours a day, have the fastest computers known to man, and have custom written software filtering the market on a continuous basis for opportunities. If you think you can compete with the likes of me with your Schwab account, I would advise you to think again.
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100% true, some might make money but 99.9% of people will fail at this. IM is a childs game compared to stock trading, the competition is on a whole other level.
 
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