Spent all day trying to figure out how to word this tweet and can’t so just pull up a chair because boy did I hear some wild stuff today: I’m doing internal trader interviews to get a feel for workflow patterns that I can use for my platform/platform improvement (1/?)

so I’m interviewing this dude and he says some interesting stuff like that he “has a working understanding” of gamma and theta, but doesn’t use Greeks to make trading decisions, and only trades 0-day SPY options on MWF. Mysteriously, he also admits he isn’t very profitable. (2/?)

He then pulls up his account to show me how he does a trade, and I see his positions: a NVDA put fly, one UAL call, and 100 shares of Ford. No lotto SPY to be seen. So I look at his pnl on the sly. -85% YTD. This man is licensed. I can’t and won’t dox him further but wtf. (3/?)

Honestly this is just a really long way of saying that next time you wonder why a retail brokerage’s platform is FUBAR, pls know that some poor idiot like me inherited it from some fuckhead who didn’t know anything about trading and took research like this as gospel and I’m sad.

(I should probably clarify that I did ask for all skill levels and understanders, this man does not trade for my company for a living, but I’m still so fucking sad you guys)

Something else I just repressed until now: he said that he looked at the high and low for the day of an option he was interested in and never bought near the high and never sold near the low because he wanted to get a “good deal”