Charlie Munger: Options Trading is INSANE
trade stocks October 11th. 2020, 12:44amIn this video, Charlie Munger talks about why he believes that options and derivatives trading is like gambling. Video filmed Feb. 2, 2010. The full talk is below:
Best Investment Books:
Intelligent Investor by Ben Graham: https://amzn.to/2QkcML4
Common Sense Investing by Jack Bogle: https://amzn.to/2trD2u3
Principles by Ray Dalio: https://amzn.to/2Fh44a3
Poor Charlie’s Almanack by Peter Kaufman: https://amzn.to/2ZLTJfY
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LINK TO FULL TALK: https://www.youtube.com/watch?v=RtvTOJISXKg
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Hi and welcome to another video of Trading With Smartrader. In this video I talk about how I turned my 00 into 000 in 3 days of options trading. I go over the screener I use to find these stocks and the pattern I use to trade these stocks. The stocks I played all follow the 13 ema and 50 sma squeeze pattern. Look for this pattern as it has been working in this stock market crash. It is all about trading options in this stock market correctly.
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October 11th, 2020 at 1:14 am
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October 11th, 2020 at 1:29 am
I was referred to Hitfxsandra on ig and I invested £2000 in Forex trading with her just after 5 day's of trading I got £15,000 she's the best couch for Forex I recommend
October 11th, 2020 at 1:35 am
As a student I’ve been looking for way to make an extra earns meet….tnk God for HITFXSANDRA on Insta I invested with her and since then I'm earning $4,000 in a week
October 11th, 2020 at 2:16 am
The world needs to know about Bitcoin because it`s the most important development earning approximately $12,000 from an investment of $1000 is really something very important to talk about . Thanks to Mr ben on insta @Ben_uptrade and I'm saying good bye to paycheck for good.
October 11th, 2020 at 2:58 am
Just wonderful, I been tryin to find out about "options trading " for a while now, and I think this has helped. Ever heard of – Banackenzie Aristocratic Builder – (should be on google have a look ) ? It is a good one of a kind product for discovering how to conquer options trading minus the normal expense. Ive heard some awesome things about it and my m8 got cool success with it.
October 11th, 2020 at 3:43 am
I just started trading last week, I am a beginner I never believed I’ll make upto $18,000 in just 1 week from trading but when I met Mr Andrew he guided me for free with his strategy and he guides me with the exact time frame to trade and now I just received my first withdrawals $18k in my bank account today I’m very happy I recommend you contact him on Andrewwilliamq1@gmail.com) he is very honest and trustworthy he will guide you to make consistent profit
October 11th, 2020 at 3:48 am
Trading is easy with the right help that's why I trade with Mrs Theresa she's the best
October 11th, 2020 at 4:27 am
I basically thought that it was a scam until I decided to give it a try with just a little start up of $10,000 and I got $90,000 on weekly basics it so amazing everything worked out, contact @charles_forex09 on investment plan.c
October 11th, 2020 at 5:15 am
Once you're at the top you can re-write your history or talk like saints
October 11th, 2020 at 6:10 am
who pays the bills? the market maker. what does market maker algorithms does? goes always against the majority. even if traders becomes best traders every the MM will adapt and stop hunt the majority of them. so its a loose loose game.
October 11th, 2020 at 6:38 am
Any body who is a real trader knows that trading is a Gamble. It is a gamble that increases in odds with a higher number of samble sizes that have probabilitites that you can not predict. The Edge that a trader has is an Edge that they use to determine wether or not there bet will pay off or not. That is why succesful traders cut there losses quickly and only risk very small portions of there portfolio in each individual trade……
October 11th, 2020 at 6:49 am
Interest rate swaps are not for making "bets". I'm not sure if he understands what he is talking about.
October 11th, 2020 at 7:01 am
I lost 10k on options 🤢🤢🤢🤮🤮🤮🤮😭😭🤧🤧🤧🤮🤮🤮
October 11th, 2020 at 7:43 am
Anytime you're not invested outright in an asset, any payment you get is costing another in the future. In the short term is is unnoticeable, but I have to believe Charlie is referring to his observation over time. Any mathematical gaming system devised to earn money today is costing your children unless they invent their own and so on like a ponzi scheme.
October 11th, 2020 at 7:43 am
Charlie is Buffett's lifetime partner but appears nowhere on any rich lists
October 11th, 2020 at 7:45 am
Watch what they do, not what they say. Read Berkshire reports and find out they use these 'exotic financial instruments' to reduce cost basis on purchasing underlying stock (ie. Coca Cola)
October 11th, 2020 at 8:03 am
Does options directly affect the market? If not then I don't see a big problem besides the gambling part.
October 11th, 2020 at 8:31 am
Options betting is better than roulette
October 11th, 2020 at 8:32 am
Made my buddy 25,000 in the last 2 days off 480 in VIX calls/puts. No idea what I'm doing lol
October 11th, 2020 at 9:18 am
Yes, buying naked puts and calls is a form of gambling. However I don't believe they should be removed (forcibly) from the market. Recognize it for what it is and bet with a plan similar to blackjack.
October 11th, 2020 at 9:35 am
What a market we are how? How is everyone doing?
October 11th, 2020 at 10:13 am
You're in beast mode! Keep up the hard work!
October 11th, 2020 at 10:41 am
You bought calls? What type of option play you did?
October 11th, 2020 at 10:48 am
My guy u saying u had no losses… then u said u had 1 or 2 losses and took small hits…. and watching your video… u had more much more than 2 losses… with Nikola losing 4k…. if u had only 1 or 2 losses…. that number of losses should STAND OUT….and u should know the exact number…… bozo
October 11th, 2020 at 10:58 am
Tell how you did it? Don't give me bullshit
October 11th, 2020 at 11:25 am
Once I had $70M…………in GTA
October 11th, 2020 at 11:49 am
U have just lost credibility to me by lying in your video title
October 11th, 2020 at 12:11 pm
What software do u use?
October 11th, 2020 at 1:10 pm
Loved your video I started off with 1000 when I first started week later at 15k lol didn’t even trade options before started doing research and months later it was over 6 figures definitely not the easiest a lot of thinking but worth it just like you I took a lot of Loses too
October 11th, 2020 at 1:11 pm
What filters did u use again on the screener?
October 11th, 2020 at 1:12 pm
Where did you give alert trade ? In Twitter or Instagram ?
October 11th, 2020 at 1:33 pm
I currently use Trading 212 but theres no options trading available what should i use
October 11th, 2020 at 1:39 pm
how did you deal with pdt when account was 3K? thanks joining ur discord tomorrow $$
October 11th, 2020 at 1:48 pm
With only $3000, how did you get around the PDT rule?
October 11th, 2020 at 2:02 pm
Great news young grasshopper, soon you'll be ready to trade with real money 💲👍
October 11th, 2020 at 3:01 pm
What type of positions are you doing? debit spreads? how are you managing your risk?
October 11th, 2020 at 3:35 pm
How far out of the money do you pick and how long to expiration when picking options
October 11th, 2020 at 4:33 pm
if i had my 40k back I would definately have walked away, now I am trying to get it back but I know it will be hard af.
October 11th, 2020 at 5:05 pm
I turned 10k into 40k when everything was blowing up 20-30% but then lost 25k.
October 11th, 2020 at 5:31 pm
How does these scams are tolerated with YouTube?