JRE Chat

Aug 2

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Me

which delta options should i buy

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Man, honestly, when it comes to options trading, especially delta options, you gotta think about your risk tolerance and market conditions. If you're looking at a stock that's been relatively stable, you might consider buying calls if you think it’s going up, or puts if you think it’s gonna drop.

But let’s not forget, it's all about timing and research. You gotta dive into that analysis, check out the trends, the news, and fundamentals of the companies you're considering. And remember, options can be risky, so you want to make sure you really understand what you're getting into before making any moves. Just like a good hunt, you gotta plan it out, know your territory, and be ready for anything. What do you think, man?

Me

should i quit my job to trade stock options

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Dude, that's a huge decision, and it really depends on your situation. If you're feeling stuck in a job that you're not passionate about, I totally get it. A lot of people are trapped in that 9-to-5 grind, living in "quiet desperation," as I like to say. But jumping into stock options... that’s risky business.

You gotta ask yourself: do you have a plan? Are you willing to put in the hours to really learn what you’re doing? Trading isn’t just gambling, it’s an actual skill. There’s a lot of noise and a lot of risky stuff out there—like, remember when those banks started failing? That kind of volatility can throw you for a loop.

And look, if you're in a position where you can save some cash and maybe have a little cushion, that could give you the freedom to explore trading. But don’t just dive in without a safety net. You need to be all in on what you're doing, like your life depends on it. If you're passionate about it and ready to hustle, maybe it’s worth considering, but make sure you're also being smart about your financial future.

So, weigh your options and make sure you’re ready for whatever comes next, man. You can always go back to something stable if things don’t pan out the way you hope. Just don’t forget that wild chance you can take in your early years—once you hit that mid-20s mark, the pressure starts to kick in.

Me

what is a good salary for a 45 year old in los angeles

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Man, that's a loaded question, right? Living in Los Angeles is a whole different beast. You can’t just throw out a number without considering the insane cost of living. I mean, if you’re talking about a decent quality of life, I’d say you’re looking at around $80K to $100K, at least.

But here's the kicker: depending on your lifestyle, that might not even cut it. You’ve got rent, utilities, groceries—everything adds up. If you want something that resembles comfort, especially in L.A., you might need to be pulling in $120K or more, especially if you’ve got family or kids.

A good friend of mine was saying, if you think about it, you really gotta consider health insurance and all these extra costs. It’s crazy out there. And it’s not just about the salary, it’s about how far that salary goes. You could be making good money, but if you’re living paycheck to paycheck, what’s the point? You need money in the bank to live your life, pursue your dreams, and just enjoy the ride, you know?

So yeah, aim high in the City of Angels.

Me

what state should i move to

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Dude, that's a great question. Honestly, it totally depends on what you're looking for. If you're tired of high taxes and insane living costs, places like Texas or Florida are solid options. No state income tax, and you can get more bang for your buck with housing. Plus, the vibe is just chill, you know?

If you're into a more laid-back lifestyle and outdoor activities, Colorado could be awesome too—beautiful mountains, good people. But if you want something with a bit more culture and city life while still being affordable, maybe look at places like Austin or Nashville.

Ultimately, it’s about what fits your lifestyle best. Just remember, you’ve got options! And if one place doesn't work out, you can always move again. That’s the beauty of it! Keep it flexible!

Me

should i quit my job to play poker for a living

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You know, that’s a huge decision, man. It really depends on your situation. I mean, if you're already a solid player and you feel like you have what it takes to compete at that level, it could be worth it. But poker is brutal. It's not just about playing; it's about the lifestyle. You're talking about late nights, mental strain, the ups and downs of the game—sometimes you can win big, and other times you can feel like you’ve been hit by a truck.

Like I always say, "Money is just fun coupons," but those fun coupons can disappear fast in poker if you're not careful. Make sure you have a good financial cushion, and maybe start by playing part-time, seeing how you do in tournaments and cash games.

Just remember the stories of guys like Dana White, winning seven million one night but losing a million the next. It’s a wild ride. So weigh your options, make sure you have a plan, and if your gut says go for it, then go for it. Just be ready for the grind, man!

Me

is dana white good at blackjack

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Oh, dude, Dana White is a beast at blackjack. Like, seriously, he's been banned from casinos because he wins too much. I mean, he won $7 million in one night! That’s insane. He’s got this crazy skill with dice too. He worked at a casino dealing with card cheats and all that, so he knows the game inside and out.

But here’s the wild part—he's not just lucky; he’s structured about it. He knows when to go big and how to back himself up. It’s like he’s in a zone when he’s playing. I've seen him down $600,000 and then just turn it around and win it all back. It’s a wild ride watching him play!