Thanks for the detailed response. I guess ill ask you the same question i asked the other guy. From your write up it does sound like theres less gamble-y strategies people use. I haven't actually traded anything yet but have been thinking about jumping in with some money i dont care about losing all that much. I was thinking about sticking to the big cap companies, buying ITM 2, 3, 4 weeks ahead of earnings and selling the day before to capture IV gains. Is that a reasonable strategy assuming you could stay disciplined and not hold through earnings and get crushed?

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Came to WSB for financial advice? The best financial advice is stay away from WSB

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Not usually.  It's sometimes a bunch of financial illiterates and degenerates overpaying for future earnings.  They confuse momentum for certainty, which creates manic bubbles until they run out of regards.  But the market can stay regarded longer than you have the willpower to stay in cash, so people repeat the pattern every generation and then do stupid shit like bank deposits, overpriced housing, crypto, etc. until the next group of suckers grows up with disposable income to set on fire chasing the market. Crypto otoh seems like a techy ponzi scheme. Going long on crypto is a bet that the encryption will never be broken, and/or that a bunch of techno libertarians will coordinate an orderly exchange.  Seems unlikely.

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Dont blame that on the infant that’s all you right there. Stay strong

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I think it'll stay around flat or go up, especially if tensions rise. Can't just print more gold unlike the $

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More money can bring even more discontent...since your standards in life go up Doesn't mean you stay poor but just watch out for that trap

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Educate yourself. Start with smaller amounts and less risky trades. Stay away from options until you can successfully trade shares.

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Learn to SELL options, learn the greeks, trade on a professional platform that clearly shows you delta, theta and SPX weighted deltas of your portfolio. Learn to sell and manage delta neutral positions. Go into cash settled products like XSP, SPX, RUT, NDX... You didn't trade, you bought lottery tickets, not even understanding basics like IV>realized volatility most of the time. You got fucked by the casino because you don't understand the basic rules and you are on the wrong side of the trade. Only when you manage the SELL side, you truly learn the skill set to play and win on the long options buy side... Stay away from anything related to the market before you dont understand that.

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Think MU can stay this high for however many more months you need?

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Market makers left their office to stay with their kids

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