Snatching defeat from the jaws of victory You know the trade. We’ve all had them. It’s going along wonderfully and then suddenly, without the slightest provocation, it’s a losing trade. Mine was this January. It was probably the most flawless, easiest, most lovely M3 I’ve ever seen. Always profitable, rarely adjusted, it just burbled along making money. […]
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The Beauty of Planned Capital
“I made 100% every week this year for a total return of over 5,000%!” I actually saw that claim made by a trader. Of course the trick was how he was calculating profit – it was simply based upon how much of the initial credit he retained. So, for instance, if he sold a […]
So, what do you do for a living?
“I’m just going to say one word…plastics. There’s a great future in plastics.” Quote from the movie, The Graduate As any full time trader knows or as any new trader will soon discover, there will come a time when you will be asked what you do for a living. I wish it were as easy as […]
Change according to Lizzie
One of the great delights I had when living in Belize was hand-raising Lizzie, the Belize Zoo’s baby otter. When she got old enough, a beautiful exhibit was built specially for her, complete with a large waterfall. On top of the waterfall was a bio-filter planted with lovely lilies and an enormous fern. And Lizzie hated that […]
But it’s a Negative Vega Trade!
“But it’s a negative vega trade, so doesn’t it lose money as the underlying goes down?”. File this with the Neiman Marcus cookie recipe, Nigerian scams and Mark Zuckerberg giving away money if you post a thank you. I’m not entirely sure why poor vega got such a bad rap; you never hear someone saying, […]
Locke and Loaded
“You’ll shoot your eye out!” – Dad from A Christmas Story It’s that time of year again: egg nog, relatives and the 24-hour running of A Christmas Story. We all know that too much of any of those three could lead to a hangover, but the movie can definitely teach us something that Uncle Bob […]