Made 80 Large over the past 2 days | Thread profile

Maybe you have it backwards. The internet bubble was a time of excessive optimism. We may now be in a time of excess pessimism. I'm curious how many doom and gloom shorts took a beating on internet stocks.

Trading C!

If you call "dollars" large then congrats, bragger. I know you arent talking thousands...

So funny to hear guys like you say that stuff on here. I made $750K trading equity options last year and I'm here. I believe this poster made $80,000. I made $350,000 on a GS call option trade that took 6 days last year. Started trading options 3 years ago with $50K I earned and save from my job. Guess what? $80K just isnt that much money any more, even if if is ...

"Don't be a hater. Does you no good. Just try to figure out why others are making huge money while you're not. Isnt that why you're here? To learn something?" Good points. Man, if what you are saying is true -got any tips for the rest of us that are just scratching out a living?

1. Everything I said is 100% true. 2. Advice? That's pretty tough. Obviously GOOG, BIDU, RIMM, GS, AAPL, MC, CROX, ISRG, AMZN, X, and many others have presented extraordinay opportunities in both call and put options in that past 3 years. You read these boards and whether you know it or not 75% of what is posted on here is posted by option traders trying to ...

Congrats on your earnings. I have a tax question for you. I made high 6 digit net gain so far this year with some "lucky" option bets. My question is how does one optimize after-tax gains. Thanks in advance.

Ha ha! Awesome question. One moves to the Bahamas and lives with Joe Lewis in his tax haven. I can think of no other way, and my pre grad school career was corporate tax advisory. For huge corporations though, not for individuals. Still, I have some insights. It's a lost cause. There are some tax advantages to trading futures rather than options (RFC's a/k/a regulated...

Great post! I'll definately check out Sheldon Natenberg's book. Outside of my core holdings, pretty much any of the playing around I do is long-only swing trades. Over the last couple of years I've dabbled with some options and some short selling, however, I've had very limited success with both. I attribute it to a couple of things: A) I'm a lousy stock picker in the short...

first of all oh boy is right about making big time money with options (u need alot less money to leverage large positions). As for the tax issue if your self employed you can contribute up to 25% into a sep ira account (for trading). I keep investment positions in my sep(long term holdings) and day trade with another account. combo works good for me and I can fund up to 25% of my ...