My partners and I ran a trading company between 1999 and 2001. We all traded for at least 10 years prior to that. After 9/11 we walked away. We had about 30 traders trading for us.
I wish to just say one thing about trading.
It's not different than anything else in business. You do your homework, dedicate yourself and maybe you have a chance.
Still 95% of you will lose. Not hypothetical, but actual data.
Bottom line?
It's not easy as it seems. To the OP's father - That's some fine trading!
Straddles, strangles, iron condors, butterflies, long vol, short vol, doesn't matter....thousand and one ways to make and lose money.
justmy2
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