Mark Rober coins the Super Mario Effect as: Focusing on the Princess and not on the pits, to stick with a task and learn more. Mark includes a plethera of interesting projects he’s made such as a giant super soaker, giant nerf gun, (apparently oversized fun guns are a hit with as an uncle!), and … Read more
Recently, I stopped by my mom’s house and looking around I saw a bunch of ‘stuff’. Extra plates, tchotchkes, even some of my grade school projects. Looking around, I thought to myself, I’d have toss this stuff that I consider junk. Then, I thought to my own desk area. It’s a mess, full of stuff … Read more
This past Wednesday, I get a call from my mom. The house’s water heater was leaking. Water seeped throughout the kitchen and also to the neighbor’s kitchen. In fact, my mom didn’t know there was a leak until the neighbor had gotten someone to come check out their wet kitchen and the cause was traced … Read more
The relationship everyone has with money is… complicated. So when it comes to how to invest and having that money make more money. Well, that’s just adding a whole web of choices on top of the already busy maze underneath. With so many asset classes to choose from, stocks, bonds, real estate, crypto, NFT’s… the … Read more
This phrase is a common description for selling high probability defined risk options strategies like credit spreads. With high probability, the capital required and risk is extremely high compared to the reward. The two NDX credit spreads I had left open overnight from yesterday was risking $9,400 to make $600. At the time of opening … Read more
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