The Only Way to Get Rich Trading

[nickola.pazderic]

Hi Ernst,

No doubt you are very clever and adroit handling options, but I must ask: Is it not impossible for a robot trader to expect and average monthly income?

We may only realize a few chances every year to really make our money. At those points, we must be a tough guy, like Morales or Billy, and take the big swing, no?

To try optimize returns on a month by month basis would seem to be the luxury of options hands.

And a question: Can one sell puts against one's short position?

Yours,

[ernsttanaka]

Nick,

You are right -- if you would only trade the robot then the even distribution would not work.

But I think most of us, don't have Billy's discipline and only trade robot calls. I suspect most of us (me included) will enter other trades. And I have to admit - when the though of richness enters my mind - most of the time I will have the biggest loser of the year on my hand.

With your background you have some unique insight in the human mind. You could probably lecture us on how inaccurate the mind is as tool for unemotional decision making.

And yes, you could short puts on short stock.