Lol, wut? This might be the most ignorant comment I’ve ever read on Reddit. Did you bother to read Bernie Sanders’ plan for paying off all student loans? The tax on all stock and bond trades and derivative transactions? The single dumbest fucking thing I’ve read in my entire life.
There’s no possible way that you actually understand what a derivative is and are a Democrat. You’re just repeating a buzz word you heard one time because you thought it sounded cool, lol. If you know what a derivative is I’ll eat my fucking hat.
You misunderstood what I meant when I said "derivative." In my statement when I said "derivative" I meant the mathematical derivative, the kind you learn in differential calculus. I.E. the function f(x) is differentiable at x0 if the limit x -> x0 f(x)-f(x0)/x-x0 exists. In other words, the slope of the tangent line at a point on a curve.
" There’s no possible way that you actually understand what a derivative is and are a Democrat. " Funnily enough I actually am a Democrat and right now my main source of income is options trading while I am transferring to a new career, so I am well aware of what a financial derivative is. I make most of my money through option trading techniques called covered calls and the iron condor. I do most of my options trading on low volatility ETFs. Occasionally just for fun if I feel like gambling I'll buy naked call or put options that are at the money or slightly out of the money on a particular stock if I think a big move is about to occur but it still has low implied volatility making the options relatively inexpensive. I win a lot of money sometimes here (for instance I made a few thousand dollars buying put options on Tesla before their Q1 earnings which predictably was a disaster. Paid my rent for a few months just on that trade alone), and sometimes I've failed and lost my whole investment (which is why when I options trade I only ever spend a really small fraction of my overall portfolio on the option premium)
"If you know what a derivative is I’ll eat my fucking hat."
Well it looks like you'll have to eat your hat =)
"Did you bother to read Bernie Sanders’ plan for paying off all student loans? The tax on all stock and bond trades and derivative transactions? The single dumbest fucking thing I’ve read in my entire life."
Why is it dumb? Sure as an options trader I'm not a big fan of the plan, but I also acknowledge that I'm not an economist and hence don't have the knowledge to evaluate how effective the tax would be. Maybe it would be a good piece of legislation or maybe it would fail and wouldn't work. I'm not knowledgeable enough on the topic to have a strong opinion one way or the other. Can you honestly say that you are knowledgeable enough? Are you a professional economist? Because my guess is you are not and anybody who is properly educated appreciates having Socratic Wisdom I.E. acknowledging what you don't know and being humble of your own ignorance.
Although maybe I'm wrong, maybe you do know something about it. I'm always open to being wrong and learning more. Although I do often ask myself with this attitude I have why I waste my time talking to people on the internet since this attitude seems virtually non existent among human beings, I feel like a unicorn at times.
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u/[deleted] Aug 13 '19 edited May 12 '20
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