@ksksat buddy, let me just point out 1. what we know for sure, 2. what are my guesses, & finally 3. What is the Truth.
What we know for sure:
- You know zilch about options in general and options writing in particular.
- You yourself have never traded FnO (If we blindly believe your self declaration.)
What I am guessing:
- Not in very recent past you tried your hand at option writing without knowing anything about the subject. You completely messed up your position sizing and fcked up completely.
- Regular Social Sites like facebook or tweeter were not enough for you and hence you came here passing around casual statements, hurry judgements.
Now let us dissect your own statements and find glaring contradictions in them.
You claim you know nothing and still dare to curse others! Who are you to predict bad futures for others? I dunno if you know hindi but this is called “baddua dena”! This is bad manners! You can warn as per whatever you think is possible as per your limited knowledge, but saying this like you are some sort of prophet or oracle is utterly disgusting.
Now let me give you some gyan. There is something called “spreads” in options trading. Our risk is limited even if tomorrow everything goes to zero or infinity.
I suggest a loud mouth like you to learn first before passing out ill-conceived judgements based on some stupidity you come accross tweeter or Youtube.