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Author: keahou Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 11010  
Subject: Newbies Date: 8/2/2003 10:59 AM
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Did you know that 85% of all trades are losers when you are the buyer of put or call options? The odds are better in Vegas.

It is sort of an analogy where the seller of options is the "house" and the buyer is the "street gambler".

It is a thrilling game if you are amoung the 15% who are either lucky or have done their due dilligence. Either way, on a long term basis, there are damn few who win at this game over the long term.

Any confessions out there?
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