Today’s stock market after the opening gap up stayed largely flat. But there was still money to be made. In a flat day like today, it is the perfect opportunity for an Iron Condor. The Iron Condor is a Put Credit Spread combined with a Call Credit Spread. As long as the Short Strikes are … Read more
Simple test. What is your age? Assuming you’ll live to be 100 years old – what % of your life have you lived? Do you FEEL like you’ve lived (your age)% of your life? Me, I’m 39 this year, and I don’t feel like I’ve lived 39% of my life. I feel like there’s so … Read more
According to Tom Sosnoff, this is a one of his keys to success. He also seeks this characteristic in others. When he’s interviewing job candidates, he would ask a question like, “What’s 17% of 42?” Sosnoff says 50% of the people won’t even answer fearing answering incorrectly. But what he’s really looking for is people’s … Read more
Not exactly what Bill Joel was singing about, but this week we had some interesting trouble in the Suez Canal with a boat being stuck there for days. According to a Forbes article here, the crisis is way overblown. While I agree that it is overblown in it’s hype and the disruption to the global … Read more
My wife asked me today if I think people will be more willing to try things after the lockdown has been lifted. The logic would be that with the forced shutdown, people would want to take advantage of renewed opportunities. My answer, though, was that I didn’t think so. Maybe it’s a pessimistic view, but … Read more
It’s a popular game that you’ve probably played at a college party with your friends. So which did you pick when it was your turn? If you pick truth, you’re willing to open up your past. By admitting to potentially embarrassing things, you’re choosing to be vulnerable in front of the group of people. If … Read more
The Financial Industry Regulatory Authority FINRA designates individual as a pattern day trader if he/she executes more than three day trades in a rolling five business day period. If you get flagged, your account is locked from trading any new positions for 90 days. (oh, tt has to also be in a margin account and … Read more
Today a coworker told me “good luck – no, you don’t need luck, you will do well”. Of course I said “thank you”, and then added, “but, I won’t say no to good luck!” Although I appreciated the complete vote of confidence, I do think that good luck has it’s place. But it’s more nuanced … Read more
Today was yet another painful market crash. Jerome Powell and Janet Yellen spoke today and they reiterated more of the same: inflation projected long term to be ~2% and they intend to keep it that way. So with no real “news” why did the market crash? Yet again? This is the third crash as JPow … Read more
Challenges come up every day. Even easy stuff. Today, we had a customer request to put two electronic components into one enclosure. For context this is extremely unusual and to my knowledge, never been done before. But instead of just answering the email myself, I took the opportunity to give my back up colleague a … Read more