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Are you being sarcastic or they finally converted you?

I’m not very familiar with him, but Vinny E-Minni is running automated software that does this for his proprietary indicators. I think it’s based on orderfllow concepts.

One of the reasons for me was crypto “bubble.” Everywhere I look, cryptos are pumped as though it’s guaranteed money. I am not very knowledgeable in cryptos, but it seems a lot of dumb money is pouring into unregulated space. If cryptos crash, it will spill over to equities. Another...

Do you mean something like Lightspeed Gateway that you used to offer before Lime merger? Will you offer Colo as well?

I don’t think you mentioned at what delta is your short strike? Also, are you paying commissions?

That’s a good question and hard to answer at this point. Assuming there’s no outright panic drop, I will try to re-long the same companies after they stumble on earnings or negative news/sentiment. Basically I am shifting from - buy everything because fed is pumping, to - be very selective...

You are correct - it's not 401k. It used to be 401k when I was working. When I left, I moved the money to TDAmeritrade IRA, but I nick-named it 401k. Sorry for confusion.

Yeah, there is no bad news anymore. I don't see what the catalysts to go higher are. We got vaxed, printed lots of money, gave it away, invested in crypto-crap, passed spending bills ... what's left? Now we need to start talking about how we can pay for all that (taxes) and how we need to...

I was not long index, but individual stocks. Indices are quite misleading, you can see index go down 5% but your stocks are down 30%.

Agreed. But I am fine with that. I want to stand aside and see what plays out next.

There’s no right or wrong because I am not measuring myself to any benchmark. But I know that if I loose all/most of the profits from the run from Covid lows, it will feel much worse than making additional money by staying invested.

Well that’s also a form of trading

Hedging is expensive. I may be selling CSP if volatility spikes or individual stocks get destroyed. This may naturally get me back in. But, cash is a position. Cash means I will have lots of dry powder if opportunity presents itself.

I moved my 401k to 75% cash yesterday. Doesn't feel right to me up here. If I'm early, so be it, just don't want to be a part of this Bull market anymore.

Maximum Adverse Excursion. You said you are a veteran of 28 years. But you loose all credibility with me if you say stuff like this:

How is your MAE and #days in a loosing trade?

The plan right now is to let short leg expire worthless and then wait for a down move. If the move is extreme enough to make the long put DITM, I may start “gamma scalping” with shares against the long put. Or simply close the trade. If the move down is contained, I will try selling another...

I’m not a volatility trader(that much is obvious), so my assumption is that all options are priced “fairly” I’m waiting for short leg to expire and re-assess the situation.

I doubt there's any edge in it, but I have big plans for this trade. Stay tuned ...

Was holding 200 shares (so total exposure was 300 shares including the put) and closed 100 today at BE to reduce risk(defense). If I get assigned at $80, my avg price would be around $67 which is about 25% away from current price. Wishing for some good news on Christmas sales :)