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Moving averages are absolutely necessary for any trader. At least a quick glance of its position relative to spot couldn’t hurt. I’ll say this though, if you’re trying to predict movement of price via MA cross overs you’re lacking in understanding of MA’s, and going with what the industry...

Var = vol = magnitude

sorry but I have no clue what you said here yes Of course, interest rates rising would probably collapse a ton of agencies instantly. That’s why the Fed is selling that forever put. You say rates must rise, I say why? Lol

What type of debt? I don’t think debt is a real thing. A real factor I mean. Debt is just the mathematical movement of money .. money is created out of debt. It’s like being short gamma and long theta. Idk, the world already knows the debt is unreachable, how could that cause a crash?

I remember this post from your Everything Journal: “I did this 30 minutes ago, but it hasn't moved. Long the SPX MAY10 2870/2930/3030 231 put fly from 59 (currently 59.35 mid). I extended the outside wing by 10 points. I did the (2211) synthetic, but the natural is a tight spread. $59.60 is...

For example, I was neutral/bearish coming into 4/19 week. I placed 12 flies in single names and ETF’s. most of the flies were opened ATM, or slightly lower than ATM. 9 of the 12 were profitable. 2 of the 3 losses were profitable all week, and on expiration day spot moved a bit away from the...

Reading some of your journal now. it looks like you conjoin different time frames, confirmation of one time frame will look to confirm the smaller ones. I also like your volatility fabric. I’ve always wanted to use something similar, but there’s just so much noise in the visual and I like to...

Unique charts, pretty. time is price price is time Good work, ex

stop frontin, you understand me lol bull markets don’t go straight up like a vector, they ebb and flow.. correction then propulsion. thus, there’s volatility on the way up, just as there is the way down. You mentioned your flies success could be due to this bull market, I replied saying how...

both

DEEDLE-DEEDLE QUEEP

You can win anywhere if you can win here

Extra extra, read all about it

no, Dest answers were fine. It was the interviews questions that were weak IMO

Reason being, is just because it’s a bull market doesn’t mean your flies should succeed. The drift upward comes attached with variance on the way there. Thus, unless you’re positioning the body strikes efficiently I don’t see how a bull market could make the case for a fly to succeed.

I bought this book last year just for that chapter. Sadly, I expected more. The author asked Desty really boring unrelated questions to the topic at hand. Could’ve been much better IMO

his analogies in that book are bar none. But I agree the first chapter isn’t much to remember, but the book doesn’t read as a story, so you can jump around chapters. Each chapter he analogies speculation to other aspects of his life (chess, horse racing etc) you read books to determine if you’d...

don’t get me wrong, a good book is a good book.. but Cordier didn’t cut it for me. At first I liked it, but this was 7 years ago. As I’ve grown by knowledge base I realized a lot of what Cordier pushed wasn’t prime advice. He also used the whole “87% of options expire worthless” crap. I...