Search results

That is the basis of the insurance plan I am working on.

Exactly! :cool:

I find managing credit spreads easier than some people fear, but more risky than many gurus tell you when selling their seminar. My focus is always to simplify until there is a significant deterioration in results. The clear implication is that I will sacrifice some return for simplicity...

I find hedging as a management tool dissatisfying. It attempts to make a deteriorating situation less deteriorating. It may work for some, but for me, it is not compatible with my psychological profile. If the situation sucks, bail and live to fight another day. You must survive to thrive...

My trading unit is a credit spread. I treat an Iron Condor as an artifact with the benefits of adding the companion spread with no additional capital requirement and somewhat neutralizing delta. I experimented with using the Greeks as a spread management tool, however I found it added no...

In spite the recent jump in volatility, causing me to exit some positions at a loss, Feb 2011 turned out to be my best month trading real money with this strategy.

Exposing my trading journal in this forum comes pretty close to the psychological burden. :) I've stuck closer to my rules then I might have otherwise. I would have to explain any bad results. It's actually been good discipline enforcement.

I wonder if the recent quakes in NZ and the recent floods in Australia may change a few evaluations.

You think it is lack of confidence that a strategy may sometimes lose money. Hmmm. You think it is lack of confidence that losing money may jeopardize friend of family relations. Hmmm. Your life experiences must be different than mine. I am very proud of my position as it is based on...

OMG

I'm not a big fan, however if not for facebook, I would only get a narrow view of my kids and grandkids interests, passions and activities. And so it goes.

Time decay is the mechanism, management is the edge. There are two sides to management. One is taking advantage of opportunities and the other is minimizing exposure to jeopardy. The first is a profit enhancement technique, the latter is a loss limiting technique. Each makes a contribution to...

Is that you on Facebook? Ninna Lepwa seems an uncommon name.

There are thousands of sites that describe the scenarios you suggest regarding vertical spreads. I'd start my search on "credit spreads" as they are very popular these days. In point of fact, I currently earn my living trading credit spreads. After you have read some of the publicly available...

Just like the holy grail in the traditional sense, it is frequently what the seeker defines it to be.

Sounds like you need richer friends. :D

Many of the pundits here warned me that a jump in volatility would cause me pain, and it did. But wait... February will still be my best month ever. Mustn't get complacent. Hubris is a heartless companion. Ninna, we are really talking about risk tolerance in two different domains. I respect...

I have been asked but will not manage other people's money. If I screw up I only have myself and my wife to answer to. If I manage a friend's money I risk a friendship. Friendship is more important to me at my age than money. Some other things to think about. Managing Your Money vs. Other...

Unless you serve this population every day, as my wife does, you are speaking from ignorance.