Has anyone done online trading?

[Doctor Zoidburg]

Where do you go to learn about options?

 

[onceaday]

Mr. Cat, I'll spare you the insults. A covered call is but one of many arrows in the quiver. As Lucky wisely illustrated you are out of your league. To use one of your examples if I had gone long on $BNS in 2015, say in April or June I would be net underwater today. However looking at my book I traded it 17 times in 2015 for significant profit and of course watching ex-DIV dates. In 2016 I went large $BNS @ 52.87 (stock + Calls) and also $RY @ 65.10. I exited both POS's Monday. Too early? Not sure but was great to bank once again on these perennial milk cows. Not to mention $WFC. Momentum trading/collared options is where it is at in today's equity markets. Holding long is for fools. BTW hope you bought some $TOU @ 21.10 like I did or perhaps a piece of the recent bought deal offering? Trust you have begun to loosen your $USD holdings and are migrating slowly to $CDN? Hope you are positioning yourself for a re-entry to BIO's. Have a great day Mr. Cat

 

[Ceiling Cat]

Your cackling style sounds familiar. I think you are a retread Cackler.

BTW- Not only are you a double talker, you talk out of the side of your mouth.

 

[onceaday]

You do your thing Mr. Cat I shall do mine. A little surprised by your tone, you are usually well, playful....like a Cat.

Your cackling style sounds familiar. I think you are a retread Cackler.

BTW- your little analysis above agrees with everything I have said. Not only are you a double talker, you talk out of the side of your mouth. ( and you Cackle )

 

[Ceiling Cat]

I can hear heavy panting in the dark......are you attempting to cacklebait?

 

[onceaday]

Dead Cat Bounce

I can hear heavy panting in the dark......are you attempting to cacklebait?

 

[Lady fisher]

Dead cat bounce coming

Dead Cat Bounce

Valeant VRX

 

[Ceiling Cat]

Risk and return are related. You should not expect higher returns from a lower risk strategy.

Selling covered call options reduces portfolio volatility and risk. You give up most of the potential upside in exchange for option income.

Covered call writing is just a tool you can use when it is appropriate. I let O'Leary and Templeton do their stuff for me. I have an account at ScotiaMcLeod just to dabble. I even have some old cheese maturing in the old country at DesJardins.

 

[Brotherman]

Bought FB @ 25.50 3 years ago and look where it's trading now....return on investment is wayy better then any GIC.

 

[SkyRider]

Bought FB @ 25.50 3 years ago and look where it's trading now....return on investment is wayy better then any GIC.

On the other hand how is Twitter doing?

 

[onceaday]

Wow restating the obvious. Tell you what, go jump in your Honda or Acura or whatever "car" you drive and leave the "eat what you kill" discussions to the folks who actually do that for a living. You are too stunned to see good and free advice where you find it. I hope we cleared the "old" cheese out of our cottage fridge b/c we are opening early tomorrow on ML. On the bright side the usual cleaning crew has been in, my beloved boat is ready for the first cruise of the season. Can't wait. You have a fabulous day doing whatever it is that you do. Equity trades should not be amongst them. Dead Cat Bounce.

Covered call writing is just a tool you can use when it is appropriate. I let O'Leary and Templeton do their stuff for me. I have an account at ScotiaMcLeod just to dabble. I even have some old cheese maturing in the old country at DesJardins.

 

[teach]

I am not saying that covered calls alone will bring you returns of 10-15%. If you were to buy a very safe stock and wait for the upside you will receive dividends on the stock in the range of 3-6% annually. You also have the potential to make a few more % with covered calls.

Good quality stock with potential upside
+
dividends
+
covered calls
=
10-15% average annual returns​

In the medium/long term a return of 10-15% is not impossible or improbable. It is easily dooable with minimum risk.

I know people that would sell their daughter's virginity to get 10-15% long term going forward.

 

[onceaday]

Now THAT is Funny! Obviously not really ... I grind it out with the rest of the Pro's everyday. It is a very tough place to be sometimes, yet immensely profitable. I guess that's why I react to absolute meatheads like that Cat moron talking about the space. He and others like him haven't got clue 1. Thanks to Blue for taking the time to inform. It is a very difficult business and there is no time to suffer fools. Dead Cat.

I know people that would sell their daughter's virginity to get 10-15% long term going forward.

 

[SkyRider]

I know people that would sell their daughter's virginity to get 10-15% long term going forward.

Just look at the returns on mutual funds and 10% to 15% over a longer term is really good. Bill Ackman who is paid to make money is $2billion underwater this year. Mutual funds and hedge funds are designed to make the managers rich, not you.

 

[teach]

Just look at the returns on mutual funds and 10% to 15% over a longer term is really good. Bill Ackman who is paid to make money is $2billion underwater this year. Mutual funds and hedge funds are designed to make the managers rich, not you.

I have no idea what you trying to tell me. I have no time or the desire to manage my money. I would love to find a good manager to manage what I have until I depart from this world. I would love to get 8-10% after fees over the next 15 yrs then 5% until I kick the bucket, that would be golden.

 

[lucky_blue]

I know people that would sell their daughter's virginity to get 10-15% long term going forward.

I doubt most investors will achieve half that return.

 

[onceaday]

Only an uniformed person would own a mutual fund. A disaster. Only an opaquely stunned person (CC) would hand over their hard earned money to an advisor. Keep your money under your own control. If you don't know what you are doing (like that Cat freak) get up to speed. It's YOUR money.

Just look at the returns on mutual funds and 10% to 15% over a longer term is really good. Bill Ackman who is paid to make money is $2billion underwater this year. Mutual funds and hedge funds are designed to make the managers rich, not you.

 

[SkyRider]

I doubt most investors will achieve half that return.

Some managers just buy the index and charge you a 2% fee.

 

[teach]

Only an uniformed person would own a mutual fund. A disaster. Only an opaquely stunned person (CC) would hand over their hard earned money to an advisor. Keep your money under your own control. If you don't know what you are doing (like that Cat freak) get up to speed. It's YOUR money.

I'm not talking about being ignorant about it but there has got to be good managers out there.

 

[lucky_blue]

Only an uniformed person would own a mutual fund. A disaster. Only an opaquely stunned person (CC) would hand over their hard earned money to an advisor. Keep your money under your own control. If you don't know what you are doing (like that Cat freak) get up to speed. It's YOUR money.

Less then 5% of investors (and managers) have the emotional discipline necessary to be truly successful investors.