• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Locke In Your Success

Locke In Your Success

Learn how to create income from options trading

  • Home
    • About
    • Testimonials
    • Our Team
      • Sherri Locke
      • Stephen Hammit
      • John Locke
    • Contact
    • Privacy Policy
  • Coaching
    • Fundamentals In Trading Library
    • Options Trading for Income Weekly Webinar
    • GO Ask A Trader Sessions
    • Trading With The Pros
    • Trading Performance Sessions
    • Market Outlook Weekly Webinars
    • Personal Coaching Sessions
  • Become A Member
    • GO Membership
    • PRO Membership
    • Trading Performance Membership
    • Market Outlook Membership
    • Basic Membership
    • Membership Level Comparison
    • Trade Alert Services
  • Trading Courses
    • Options Trading Strategies
      • The Bull
      • Quick & Dirty Broken Wing Butterfly
      • The Super Bull
      • The Bear
      • Unbalanced Butterfly 1 and 2
      • M3.4u
      • V32
      • X4 System
      • Bearish Butterfly
      • M3
      • The ROCK
      • M21 System
    • Trading Performance Courses
      • Advanced Personal and Position Management
      • Broken Wing Butterfly Master Course
      • The Trading Triangle
      • Trader Transformation Workshop
      • Ultimate Income Trader Workshop
      • How To Best Utilize Calendar Spreads
    • Enriching Sessions
      • Performance Parking Portfolio
      • Boost Trading Results Through Proper Back Testing
      • Managing Risk When Entering, Exiting, or Rolling Positions
      • Far Out M3
      • How To Build Winning Trade Plans
      • Reading Your T+0 Line
      • Trading Lab – Design a Trade
      • Trading Lab – M3LT
      • ROCK’in 2018
      • Trading Lab – Roll Baby Roll Index
  • FREE Resources
    • Free Options Trading Consultation
    • Options Trading FAQ
    • Trading Performance Podcast
    • The Winning Trade
    • Successful Trader Presentations
    • TRADING SUCCESS BLUEPRINT
    • FREE Basic Membership
    • Calendar
    • Recommended Reading List
    • Brokerage Firm Selection Process
    • Fundamentals In Trading Definitions
    • Trader Inspiration
    • Financial Freedom Classroom
  • Blog
  • Log In

And Your Portfolio Votes For…

March 9, 2016 by John Locke 2 Comments

“The best argument against democracy is a five-minute conversation with the average voter.” – Winston Churchill

Politics…ahh, it seems like wherever we turn, there’s someone talking about the upcoming US Presidential election.  I live in Canada and still hear about it.  For those who don’t know, that’s rare, as Canadians prefer to talk more about hockey and weather.  I know, I know.  We all are a little tired of it, but the more I’m hearing the more I see how it relates to our everyday trading.

Choosing a representative is a little like choosing a strategy.   Will Ferrell summed it up best when on Saturday Night Live earlier this year while impersonating George W: “Running the government is kind of like driving a school bus.  You don’t want a crazy person driving that bus.  You want a simple, underachieving, not very educated, reliable guy behind that wheel.  Someone with a steady hand, who will be on time and get into one, two…no more than four accidents a year.  You already know that someone and that someone is me.”

So, if politicians and strategies were somewhat similar, what would a debate look like between the strategies vying to run our portfolios?  In other words, who would our portfolios vote for?  Yes, I pushed it a little in this blog, but here we go (to help liven it up a little, insert Will Ferrell’s voice of George W):

Mr. BB (Bearish Butterfly Strategy): “Howdy.  It’s a pleasure to be here tonight.  For those portfolios out there that are a little worried about the future, I’m your man.  I can handle volatility and uncertainty…especially, those evildoers.  Matter of fact, I thrive in that type of environment.  If you prefer easy sailing with calm waters, well, I can hold up pretty well in those places too.  They aren’t my favorite, but I gett’er done.  One more thing, just don’t call me everyday.  We can talk once a quarter.  It will be easier for all of us.”

Mr. M III (M3 Strategy): “Good evening.  As the incumbent candidate here, I can handle all types of environments fairly well.  You know that.  I know that.  We all know that.  You’ve seen me perform in good times and bad.  How did I do? (insert George W chuckle).  I’m not the A student or the C student.  I’m more like the B student.  That’s pretty darn good in my book.  Bring it on.”

Mr. V Condor (Strategy): “Howdy.  It’s great to be here tonight.   To be honest, I’m just happy to be on stage with such an elite group.  When they told me I could come I couldn’t believe it.   I know I’m not really well known, but if you get to know me you’ll know that I’m pretty reliable.  I’m easy to understand and have a pretty solid track record, but for some reason I just don’t get invited to a lot of parties.  What?  My 30 seconds are already up?

Mr. Rock (Strategy): “Hello.  You know me.  Year in and year out, I excel.  I know I’m a little difficult to get to know at first, but that’s the sign of a good leader.  Track record?  I’ve done better than anyone up here if you total up the past three years and that’s a fact (while looking around for Mr. 21, but he’s not in the room).

Mr. Cramer (Jim Cramer with sleeves rolled up, of course): “Booya!  How does that feel?  Just saying that word puts a smile on my face and I know it will put a smile on your portfolio’s face too.  Yeah, I know my batting average is a little low and my performance is a little less than stellar, but I sure know how to have fun.  That’s important, right?  So, don’t forget about me.  Your portfolio and I will have fun changing stock picks on a weekly basis.  Booya!”

Mr. Index Fund aka: John Bogle (Vanguard): “If you want to sleep better at night, just go with me.  Fees will be lower and you won’t over trade as that is the kiss of death to a portfolio’s performance.   All the other guys here tonight are just too complicated.  I’m your feel good vote.  Don’t forget that.  Buy and hold until your old.  Thank you.”

Ms. Orman (Suze): “I am so happy to be here as I just got back from Oprah’s house.  What do I recommend?  Save, save, save.  Besides that, I have no idea what these other candidates are talking about, but I do have a new book on sale.  Check it out.  Btw, why is the guy next to me with the funny hair looking at me that way?”

Mr. Trump (“The Donald”…I couldn’t resist): “What am I doing up here?  I shouldn’t even be here.  This group is just too complicated.  Don’t waste your time getting to know them.  How do I feel about them?  Glad you asked.

Mr. BB?  Too complicated

Mr. M III?  Too complicated

Mr. V Condor? Too complicated

Mr. Rock? Too complicated

Mr. Cramer? He shouldn’t even be up here on stage.

Index Guy?  If you want to work at Wal-Mart when you are retired, sure, go with him.

Ms. Orman: Really?

Let’s make your portfolio great.  Go with real estate.”

Ok.  Enough of that as politics can be a sensitive issue, but you have to admit.  It sure beats Canadian politics.  Note: My mom says Trudeau and Trump have good hair.  What?  Now, that’s too complicated.

Happy trading.

Written and contributed by John Wilson

Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest
Email this to someone
email

Filed Under: John Wilson, Written blog post Tagged With: $rut, $spx, 2012 Stock Market, bearish butterfly, calendar, capital, complex, condor, Day Trader Education, Day Trading, Day Trading Education, day trading options, Day Trading Strategies, discussions, Donald Trump, Financial Business News Economy, Financial News, how to day trade options, How to Day Trade Stocks, how to trade index options, iron, Jim Cramer, john locke, learn how options work, Learn the Stock Market, Live Stock Market, Live Stock Market Trading, Live Stock Market Trading Platform, Live Stock Trading, Live Technical Analysis, Locke In Your Success, lockeinyoursuccess.com, m21, m3, Market Commentary, Market Trend, nasdaq 100 technical analysis, Online Stock Education, Online Stock Trading, Online Stock Trading Education, Online Trading, Online Trading Education, Option Trading Education, options, options analysis, options education, options technical analysis, options trading ideas, options trading strategies, options tribe, pricing index options, psychology, rock, SMB, spreads, sss, Stock Chart, Stock Market, Stock Market 2012, Stock Market Analysis, Stock Market Education, Stock Market News, stock market trading, Stock Markets, stock technical analysis, Stock Trade, Stock Trading, Stock Trading Online, Stock Trading Strategies, stock trading technical analysis, super simple spreads, Suze Orman, Swing Trade Stocks, Swing Trading, technical analysis, Technical Analysis Education, trade options education, Trade Stocks Education, Trader Education, Trading, Trading Education, Trading Stocks, Trading Stocks Education, Trading Stocks Online, trading system, trading triangle, training, tribe

Reader Interactions

Comments

  1. Venkat Yerubandi says

    March 9, 2016 at 5:58 pm

    Hahaha… good one, John! You nailed it once again 🙂

    Log in to Reply
    • John Wilson says

      March 9, 2016 at 6:05 pm

      Thanks, Venkat!
      John

      Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Recent Posts

  • The Winning Trade Episode 84
  • Stock Market Emotions!
  • The Winning Trade Episode 83
  • Trading Reality Distortion
  • The Winning Trade Episode 82

Categories

Search

Copyright © 2022 · Locke In Your Success, LLC. All rights reserved worldwide · Site Maintained by Nustart Solutions