Originally Posted by MDawg View Post
On the other hand I looked at onenickelmiracle at WOV again, and looks like last week he bought SPY puts. What a disaster. He was mentioning that one of them was already worth only 90% of what he paid. I forebode deep trouble for him if he keeps this up. Someone like him WOULD be better off just buying and holding blue chips. But, we traders who make money daily need all those who lose to fill our pockets.
As predicted...disaster.

Someone needs to slow him down and get him to just park his money in something long, and leave it be.

Of, course once he does that the market will start dropping. We should start calling him Unlucky Looney.



Seriously though, I'd like to help the guy, guide him at least a little, but I can't communicate with him as he's at WOV and I'm not.