Chris But I still manage to have extremely poor timing today. As soon as I entered a credit call spread on NDX with tomorrow’s expiration, it shot up and continued a tear for the remainder of the day. At market close, my short position is at 0.25 delta & a mere 80 points from my strike. … Read more
For a bluff to be successful, the player must weave a story that is believable and consistent. Let’s go over the two Le Chiffre hands where he bluffs in Casino Royale. The first hand Four players going into the flop of 9-8-5, all hearts. With 2 checks to Le Chiffre, he bets $50k and Bond … Read more
I think we all suffer from shiny object syndrome in one way or another. You know the symptoms. We find something interesting and we get motivated to find out more. We go down the rabbit hole, investing a bunch of time, effort, maybe even money. Until the next ‘shiny object’ catches our eyes. At it’s … Read more
Today was a pretty slow day. The S&P gapped up over the weekend near the all time highs and hung out there for a while, went down a little and back up. The Federal Open Market Committee (FOMC) spoke at 2pm, but nothing happened. Overall, a very quite day. For days like this, strategies like … Read more
There’s no finish line. No cheering crowd or trophy for reaching this milestone. There’s not even an audience that I know of right now paying attention. But I continue to move forward and put out a post every day. This is number 200 so I’ll share some thoughts on the highs and lows of this … Read more
What would you do with your time? A lot of people might say, they’d sit on a sunny beach and drink Mai Tai’s all day, every day. But that’s not really living, what is being described is a vacation. Truth is, when most people take one of these permanent vacations, they get bored. Bored of … Read more
Today, I woke up in a good mood. It was Friday. I felt well rested. I had a good trading plan for the day. After some morning exercise, I got some coffee and waited for the 9:30 market bell. DING DING DING DING DING! Trades closed, new promising trades opened, and remaining options expired worthless … Read more
Hot take, but I would say that it’s in fact accurate – your world is how you perceive it. How you experience and remember events are unique to you, even if others are also at the same event. So flip that around, when you start caring about what others think about you. Believe it or … Read more
Today on Seth Godin’s daily blog, he talks about how taking the leap is the hard part, while iterative improvements are not only easier, but they’re inevitable. This reminds me of an often cited example of how nobody believed that a 4 minute mile was possible. That is, until 1954 when Roger Bannister broke that … Read more
Back in my World of Warcraft days, we had a small guild of tightly knit friends (many of us are friends IRL). While there were guides online for new dungeon and raid mechanics, we had our own guild motto: learn by doing. Reading detailed step by step guides and watching strategy videos give good overview … Read more