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I am an elite lurker that rarely posts, but feel compelled to chime in. I have always found Ron to be honest, forthcoming, apparent, etc.
If one scrolls back in the thread, Ron had shared his recent trading activity/inactivity. I am not sure what happened (as I didn't see the posts that we taken down and deleted), but it's a shame that Ron was accused and then felt the need to share his statements to repair his reputation. On this site, I have never seen this before and hope is does not repeat in the future.
Kevinkdog, in his deleted posts, didn't accuse me of anything. He just posted my big losing trade without posting the winners that happened the same month. It gave a inaccurate picture of my trading that month.
Someone years ago had accused me of fraud. He refused to believe me so a blocked him from the thread. So then he started another thread to keep making accusations.
There may have been others accusing me of fraud but I myself haven't seen them.
I probably don’t know enough about the background to be commenting here, but what GoldenRatio mentioned resonated with me and my respect towards ron99 makes me step in. If this all started by these 2 lines in Chatbox (attached), then I really don’t understand.
I have followed this thread for over 5-6 years by now and it has played a huge role in my path to becoming the option trader I am today. For this I am extremely grateful to ron99. Over this very long time period he has commented, explained, answered to everyone’s posts very quickly and genuinely. Has been extremely transparent and constructive. All forms of trading can be dangerous and no one has sold a strategy here that has to be followed blindly, no promises regarding performance have ever been made. To me it is extremely worrisome to see that a contributor who has created a thread which is live after almost 10 years and 728 pages, OP has over 2200 posts with over 4000 thanks, has never sold anything and has answered to countless number of traders, can be second-guessed by a 2 line accusation without any proof or explanation by someone who apparently couldn't stay civil enough when expressing themselves.
It is so much easier to destroy something than to build and so much easier to cast doubt than to prove anything. Was just mind-boggled to see that 3 minutes accusation by someone could even theoretically cast doubt on 10-year, thorough contribution by one of the more active FIO members. I love the continued transparency from ron99, but I think he really should not have had to post his statements here. Gives me the feeling of unfairly putting him in the corner which is hard to look past without stepping up for him.
It is a forum. There are hundreds of FIO users that come and go. Threads opened and closed. Never seen before that anybody had to defend why they have stopped posting. Especially as this is not a journal, but has grown into a wider thread on option selling. I know it is hard to define, but there needs to be a balance between the effort that goes into accusing and defending. In any case, this case seems to be closed for this time, but still felt like sharing.
I found some of bib014 recent posts on Chatbox. Something he said was deleted.
The guy has been holding a grudge for 4 years now and can't let it go. His thread from 2017 is still up with accusations/lies about me. He hasn't made a post since 2019 but he posted on Chatbox about me.
I can ignore idiots like him no problem. Internet is full of them. Big Mike, sadly, gets thousands of attacks that he doesn't deserve.
I posted the statements to not leave any doubt for newbys.
@ron99 @Jyrgen @myrrdin I fully agree with all of you. I am newbie to Options trading and found that this is the best real thread about Options on Futures. I am too concerned that such behavior would limit the contributions from all of you such that newbies would continue learning and find this thread as a resort to ask for true reliable experience and feedback. I wish to see live interaction again on the thread and that is just a glitch.
Hey guys, yeah someone in the chatbox mentioned @ron99 and I thought that I had missed something. I saw this thread was silent and made a post. @kevinkdog responded to my post, but when I replied I really should not have directed it at Kevin or quoted him, because my reply was talking about the chatbox guy and allegations of fraud.
So, long story short, haters gonna hate. Kevin did nothing wrong, so don't think otherwise. It also seems to me that @ron99 is doing a good job here in sharing his experiences and doing his best to help others where he can. That's the spirit of the site.
Haters always gonna hate. But scammers also always gonna scam. We do a great job here in managing both, thanks to our members and moderation team.
Nothing else to see here. I hope to see the thread continue along.
Here is my current dilemma as I am switching from underlying Futures to Options on Futures...
The main reason is that I am accumulating positions without any stop loss at all in the Futures. So when the market is on a down tick, I buy each dip and keep accumulating the position till it unfolds in my direction, the same for the rally.
So my issue was the holding that accumulated position beyond the close which will incur a huge maintenance margin and if I roll to next market open, I have to take a realized loss...
So I am switching to option on futures to fill the premature stops and the lasting power to stay beyond the close to next session or next couple of days etc....
The question that there is very limited info regarding Options on Futures...and if any they are whether brokerage which bias people in complex strategy to gain more commission or some people who never try real money risk and just sell courses... Here u r the right people to get their actual experience ..
So if I will accumulate long ... Should I:
Buy an OTM call such that the best gamma is where this option will go into ATM?
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
I agree with all the support @ron99 is getting. Anybody following this thread knows he acknowledges his losers as much as his winners. He was very open about how much in lost last March. Raises serious questions about the accuser.
It’s a tough market to start trading options because of the extreme volatility. No matter what type of trade you make you should have a good understanding of how options work. The basics for options and how they work and how they are priced is the same for futures as for other underlying instruments. I’m not currently trading options, but if I was I would probably be selling put spreads (if I was bullish) to limit my risk.
