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樓主: sec2100

「選擇權賣方交易總覽」一書作者二天前破產

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 樓主| 發表於 2018-11-19 18:40:28 | 顯示全部樓層
That shouldn't be puzzling to most traders. Everyone has experience of doing that.

Letting losses run is a deeply ingrained natural human tendency and most of us will be susceptible to it even after 30 years of trading.

Our only hope is making risk management a core part of every trade. So we don't fall victim to to this trap.

But if you have a very high win rate and large losses are very rare, you are going to eventually feel you don't need worry about risk management so much.

Personally i trade a system with a win rate of around 35 to 40%. The importance of risk management is obvious when you have such a low win rate and long losing streaks, it is harder to become complacent about it.
資料來源: elitetrader.com
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 樓主| 發表於 2018-11-19 18:43:55 | 顯示全部樓層
They probably, have been selling naked calls for years and figured that they have it in the bag! However, the risk profile for selling naked calls is the risk is unlimited to the upside! When, there is a big run up, now you have to cover quick because the losses keep piling on! If the calls are thinly traded, you are at the mercy of the call sellers who can jack the call option prices sky high knowing you have to pay to exit! And if you are stuck in deer in headlights mode and paralyzed in fear, you now double, triple your losses because you cannot pull the trigger to get out with the huge losses!

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 樓主| 發表於 2018-11-19 18:59:39 | 顯示全部樓層
Sorry for your losses. I had suspicions Optionsellers.com did not tell investors the whole story. Selling naked calls is very risky as a trading strategy and losses to the upside is unlimited! Any options book will tell you that. They certainly, did not do enough to mitigate any possible losses to themselves and their clients, that is for sure!

https://www.elitetrader.com/et/t ... watch.327091/page-6
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 樓主| 發表於 2018-11-19 19:58:48 | 顯示全部樓層
他出事前的名言:


"Stocks are great, until they aren't," proclaims the now 'dark' website of Tampa-based OptionsSellers.com, explaining to 'high net worth investors' that "options are better but most make the mistake of buying them."
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