I'm not watching the opportunties fly by. I trade daily. Today was so easy even the dumbest of money could make money.
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If I can make 3-5% a week, I'm fine with that. And as I'm sure you know, you don't have to be hard bullish/bearish to accomplish that with spreads. It's easy to look back and say you missed such and such clear opportunity.
Selling spreads is a classic loser trap. It has the following psychological advantages:
- You get extra cash in your account instantly
- You feel like the "smart money" because you're going short the vol/time decay that the smart people at optionwinners.com told you to!
- You win most of the time
- It's less stressful
It has the following monetary disadvantages:
- You pay double the spread
- You take on unlikely but enormous tail risk for much more than what's in your account
- You're extremely unlikely to have an edge in a frictionless market - there is zero reason to think you can price medium term volatility better than MMs. Which, given the spread, means you're gonna bleed away in fits and starts.
Regardless, your excitement at your participation trophy is comical. As is your notion that you can make 3-5%/week selling spreads. Good lord.