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  1. BlueWaterSailor

    Dest's Everything Journal

    Thanks, Destriero! Seriously appreciate the play-by-play.
  2. BlueWaterSailor

    When Selling Options, What Delta & Expiration Date Do YOU Like?

    I must be hanging out with the right bunch of people, then... :)
  3. BlueWaterSailor

    When Selling Options, What Delta & Expiration Date Do YOU Like?

    Oh, heck yeah! A close friend of Cap'n Slappy's and I used to hang out in a USENET group, and she turned me onto it in the early days. Besides, after working Ren Faire for a couple of years and singing sea chanteys as one of The Bilge Rats in St. Augustine (sung in the key of "ARRRR", of...
  4. BlueWaterSailor

    Dest's Everything Journal

    Overnight, you may have forgotten what your own early days of learning this stuff were like. Partly, you need to figure out what's important (because there's a flood of info, much of it total bullshit, most of the rest trying to get you to serve someone else's ends, what little is left subject...
  5. BlueWaterSailor

    Dest's Everything Journal

    [laugh] Ye gods and little fishes. One day, if and when I manage to understand three posts of yours in a row, I'm going to celebrate by getting riotously drunk. For now, I'm going to climb back into the rafters and chew on this for a while, quietly; a number of passes through it plus everything...
  6. BlueWaterSailor

    An educator trains people scammed by other educators

    Who do you think makes more money in this world: a brilliant scientist who has a world-changing idea but is unable to communicate it, or a huckster with a mile-long line of compelling bullshit with zero actual value behind it? Cheap books and free websites don't spend millions of dollars...
  7. BlueWaterSailor

    When Selling Options, What Delta & Expiration Date Do YOU Like?

    That explains why their P&L sucks. Your typical deity is not options-savvy; all that "thou shalt/shalt not" crap is is obviously way too binary. Might work for day-traders, but for derivatives? Shyeah. I mean, think about it. That "man made in his image" stuff - is that a clue, or what? You...
  8. BlueWaterSailor

    Dest's Everything Journal

    Muchas gracias, senor. It seems you have kicked major ass again, even after the trade went against you. Bravo! I tried doing the same thing against my short put in ROKU, but... let's just say it was "slightly less skillful" than that (hey, it was the first time I've ever hedged anything.) Based...
  9. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    A last "hail-mary" pass, from a guy who knows a bit about knowledge acquisition: you can't learn if you start with prejudice; it must be discarded, because it's taking up the exact space that's needed for knowledge. Best of luck.
  10. BlueWaterSailor

    Dest's Everything Journal

    I guess I don't understand what you've got, then - I thought I did. You started with an NFLX bear fly... did you simply close the put spread and end up with a bear vertical? If so, then that's the hat trick I was waiting for. :) (Or I might be totally misinterpreting what you mean by being...
  11. BlueWaterSailor

    Heh, welcome to Florida

    Oh, agreed - I've seen tourists take idiotic risks with gators and iguanas that made me shudder (and I'm the guy who pulled a 9' shark off a reef in St. Augustine when he got stuck on the outgoing tide, and picked up an osprey with a broken wing - bare-handed - when the poor damn thing washed up...
  12. BlueWaterSailor

    Dest's Everything Journal

    Dammit, you people have to stop laying out all this irresistible bait. How am I supposed to get any sleep when I have all these yummy books in front of me??? (Thanks, @VixTraderdf; Sinclair's book added to the growing stack.)
  13. BlueWaterSailor

    Dest's Everything Journal

    Well, crap. I guess it's doing a similar number on you that ROKU is doing on me. :\ Although I wouldn't be surprised to see you pull a hat out of a rabbit and somehow turn it into a win...
  14. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    @qlai - forgive me if my take on you is wrong, but I don't see you asking this question in good faith. In all of your posts regarding options, you seem to have a belief - more than that, an article of faith - that holds options as a guaranteed losing proposition; this, despite your confessed...
  15. BlueWaterSailor

    Heh, welcome to Florida

    Gators are lazy frickin' pigs. The reservoir next to me (Medard Park) has thousands of the damn things, including a couple of monsters that look like dinosaurs, and pretty much all they ever do is sun themselves and grunt from being overstuffed. Every one of them is bloated to the max... because...
  16. BlueWaterSailor

    Will algos&AI take over? Is discretionary trading coming to an end?

    Er, thanks for telling me. I've spent the last 6 years teaching data analytics for the world's largest data science/machine learning companies, so I had no idea. If you think algos predict probabilities that narrow and specific, I have some bridges to sell you.
  17. BlueWaterSailor

    Will algos&AI take over? Is discretionary trading coming to an end?

    Yah, shure. How, exactly, is your algo going to predict that I'm going to want ice cream in another 6 minutes and 22 seconds? Or that a truck delivering my favorite brand of it is going to break down, thus creating a temporary shortage of it in my area - which will cause me to jump on my...
  18. BlueWaterSailor

    US starts easing Chinese tariffs in exchange for nothing.

    Hmm. After the gist of his rhetoric on this topic has been "the Chinese always take and never give; time for us to get some back and not give up anything w/o a return", that doesn't seem likely. If for no reason but his own "face", to whatever degree that applies here. But hey, not much point...
  19. BlueWaterSailor

    US starts easing Chinese tariffs in exchange for nothing.

    Politics aside, that seems like an opportunity for leverage - not concessions. So no, not all that easy to understand.
  20. BlueWaterSailor

    The meaning of risk. What does risk mean to you?

    One half of an inseparable pair - risk/reward - that is ultimately represented by time and the quality of how I spend it. Trading has brought me a visceral realization of the connection between taking the proper amount of risk to achieve a specific reward; I look forward to learning how to...
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