How To YOLO Your Life Savings (and make millions) - 双语字幕

So I like to tie it like this.
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There are a lot of ways you can do it.
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I just look it up on Google if you need help.
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Now you can do this after.
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I've always liked to do it beforehand just because I like to be prepared.
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A good rule of thumb is that if your ratio between the days until exploration and percentage out of the money is less than one,
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you're probably going to want to tie this as soon as possible.
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You're also going to need a good reserve of Wild Turkey and Adderall, commonly referred to as Yolo Fuel.
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This combo helps level out your mental state as you push your position to the move.
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Without it, the only thing you're going to be pushing is the sell button.
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Now go to your bank and get the biggest loan you possibly can.
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Borrow against home equity,
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max credit card,
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and find private lenders so that you can reach maximum leverage, preferably 25 to 1 if you want a YOLO like the greats.
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Interest rates don't matter because either you'll be a multi-millionaire by the end of a week or dead.
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A house, car, daughter, all things that are great to use is collateral to buy your one-way ticket to the moon.
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Just it all away and worry later.
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This step is kind of optional, so just going to skip it entirely.
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Select a random number between your entire 401k and your entire 401k.
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I'll go with my entire 401k this time.
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The next step is to buy complicated, depreciating financial derivatives that have multiple volatile moving parts affecting the price, none of which you understand.
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You can do this by going to randomstockpicker.com and pressing the refresh button until you see a symbol that you think looks cool.
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Grab a copy of the Intelligent Investor and open to a random page.
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Read until you see either a C or a P.
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If C comes first, buy calls.
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If P comes first, buy puts.
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However, before you buy them, inverse yourself and buy the exact opposite.
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Unless you get puts,
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then just buy calls because stocks only get Now go on to Wall Street Bets and write a self-affirming due diligence post in your half-drunken state.
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The number of rockets you include at the end of your duty is the percentage likelihood this trade will work,
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so make sure to add a lot.
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Quick Robin Hood, find your stock ticker.
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Find the option furthest out of the money with the nearest exploration and drop your entire four alarm came and blast off.
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Down deep into the Earth, as your money slowly becomes a generous donation to a hedge fund manager's wine collection.
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Why is it that buying options took away all of my options?
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This is most likely a question you've asked yourself if you yellow with the method I just described.
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There actually is a right and a wrong way to lose money.
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When you're trading options, you want to make sure you're actually giving yourself a chance at making money.
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So forget everything I just said, except for the I like to visualize options like this.
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This line represents the probability that you'll make money on a trade.
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When you first start, you're right here.
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Even though each trade may seem like a coin flip, your likelihood of making money.
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Let's zoom in on Diagram B to take a closer look.
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This of the chart represents something called the retard differential.
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The between A and B is the reason you see all-time Robin Hood graphs that have never been green.
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It's also most likely the reason your life savings evaporated into nothing faster than you anticipated.
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What causes this differential?
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The answer is simple.
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Options, mechanically, are complicated.
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Fortunately, you don't need to understand the mechanics incredibly well to make money trading them.
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However, if you do understand a few key ideas, you can consistently make more money, or lose less money so fast.
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A lot of this is information I've gathered from Wall Street Betsby.
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numbers that are significantly less retarded than myself.
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I'm going to include all the original posts in the description and I'd highly recommend reading over them.
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I'm also not going to explain what options are in this video.
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This is more of an I understand what options are but don't know how to make money with them yet video.
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So if you're one of the 8 million members of Wall Street Bets this might help you.
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A large part of an options price is the volatility of the underlying stock.
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Which would you pay more for?
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A 5%
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out-of-the-money call or the underlying stock has regular daily fluctuations of 5%,
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or a 5% out-of-the-money call where the underlying stock has regular daily fluctuations of 1%.
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Assuming both options have 5 days until expiration, you probably pay more for the first call option.
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That's because it's more likely to be in the money at some point before your expiration date.
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This is very important to understand if you want to have any success trading option.
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A some point the Ideally, you want to buy an option when its implied volatility is very low, and sell when it's much higher.
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There are a lot of strategies that go along with this that I'll discuss in the future.
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However, for now, before you drop your life savings into an option play, take a look at
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the historic implied volatility of the stock,
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then look at the implied volatility right now and see if you're buying an option at a relatively high level.
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Keep in mind that you're trying to buy- low IV relative to their historic average IV.
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Just because Tesla looks like a heart rate monitor doesn't mean there isn't an opportunity there.
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As long as IV goes up relative to what it is now, you're in the green.
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When you buy shares of stock, the thing you have to predict is what direction the stock will go.
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And that's usually pretty easy because stocks only go up.
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However, with options, you not only have to predict the direction the stock will move, but also how much it will move and how quickly.
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This is a massive reason why people lose money trading options.
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You can be right with your prediction, but are you right enough?
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And are you right more than what was anticipated by the market?
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When other people will be volatile.
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Option prices go up, and degenerates on Wall Street bets by them because they think the stock is about to make a big move.
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The problem is that everyone thinks the stock is about to make a big move,
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meaning that the options are priced efficiently for a big move.
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When it inevitably doesn't make as big a move as anticipated, IV drops and degenerates lose their student.
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This is IV Crush.
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Understanding the various ways implied volatility will either fuck your position or make you money is one of the most important things to learn about options early on.
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IV can legitimately destroy your entire trade if you aren't careful.
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It can also make you a lot of money if you play it right.
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If you're planning to put any significant amount of money on an option plan, I'd recommend buying at least a month until expiration.
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These YOLOs with just days until expiration are insanely retarded and you're very likely to lose money on them.
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Because options have expiration dates, they decrease in value every day that they're out of the money.
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This value is called Theta, and it's one of the long list stock things that'll steal your fortune faster than Mackenzie Scott.
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A call option with a current price of $2.00 and a Theta of negative 0.05 will experience
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a drop in price of $0.05 per day.
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So in two days time, the price of the option will fall to $1.90.
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However, what happens when you buy an option with three days until expiration?
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itself may only be worth $0.15 in total.
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That means that the same fate of 0.05 is burning 30% of your initial investment per day.
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This is how theta can ruin your life.
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Another issue with buying options that are close to expiration is that you're at the
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complete mercy of the randomness and impulsiveness of the stock market.
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Jeff Bezos could tweet tomorrow.
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that he's going to be moving his primary residence to little St.
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James.
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All of a sudden, your calls are out of the money.
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Not say that options with a month until expiration make you completely invulnerable to this.
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You're never invulnerable to this.
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However, if you've bought longer term options, your will at least be manageable when Tim Cook claims that he's going to be yoloing
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most of his Apple share and to pass.
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Volunteer FDs and it will happen like Johnny Cash said you can run on for a long time sooner or
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later Elon Musk will tweet that the stock is too high while you're holding calls
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Not understanding the risks of implied volatility and the risks of short-term options are two of the biggest things that have caused me to
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Lose money in the past like we can see in the retard difference When you start trading options,
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it's really easy to think that puts and calls are a coin flip.
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Just in mind that there are other factors at play, for better and for worse.
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If can understand some of these simple ideas,
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they can help you make money, and move you up the ladder towards your rightful position as a chat investor.
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Help put you in a position where you can start losing money professionally.
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