sprstpd, most of the time I divide up the amount I want to devote to an idea or trade into 3 or 4 and enter one part of it 'early' or what usually ends up being early in hindsight. I'm trying to lean into the wind but in a way that allows me to be wrong and survive. Then I add to the position (hopefully, when the trend changes) And yes, I do have stops and they have been triggered a lot lately! 
I never had the pleasure of meeting Senior Tomas de Torquemada but with this market right now I'm beginning to empathize with those who did.
The only thing working for me is gold right now. And I take tremendous solace in that because its the only place I can find it right now. I've been thinking about a puzzle within that sector for some time. You see RANGY owns 48.2% of GOLD. They have done so for some time and they have absolutely no intention to divest.
So a rational person would think that RANGY, the parent would be valued at 48.2% of GOLD plus whatever the market thinks that the rest of the parent is worth. Right?
Aahhh! But the market is not rational (sorry vladiator).
In a worse case scenario were the other assets of the parent, RANGY, worthless, then it must be at least equal to the market cap of GOLD, right ? Wouldn't it be madness if the parent is valued less than the holdings of one of its subsidiaries?
From my calculations RANGY is valued at appx. 30% under its holdings in GOLD (even if all of its other holdings were nil).
Needless to say I will be grateful to the person who can unravel this for me.
Getting back to market in general, I could go on and on about this or that and how it shows the market is weak and wobbling. But that would just be a waste of time. I'm still bearish but rather bloodied.
And by the way, what I meant by the 'big guns' is very deep OTM puts 4/6 months out (around 5% of my portfolio). What I'm hoping here is that the leverage will win over the time erosion and the extra kicker will be the increased volatility (possibly doubling from its current levels).
âMarkets are never wrong, opinions are.â â Jessie Livermore
I never had the pleasure of meeting Senior Tomas de Torquemada but with this market right now I'm beginning to empathize with those who did.
The only thing working for me is gold right now. And I take tremendous solace in that because its the only place I can find it right now. I've been thinking about a puzzle within that sector for some time. You see RANGY owns 48.2% of GOLD. They have done so for some time and they have absolutely no intention to divest.
So a rational person would think that RANGY, the parent would be valued at 48.2% of GOLD plus whatever the market thinks that the rest of the parent is worth. Right?
Aahhh! But the market is not rational (sorry vladiator).
In a worse case scenario were the other assets of the parent, RANGY, worthless, then it must be at least equal to the market cap of GOLD, right ? Wouldn't it be madness if the parent is valued less than the holdings of one of its subsidiaries?
From my calculations RANGY is valued at appx. 30% under its holdings in GOLD (even if all of its other holdings were nil).
Needless to say I will be grateful to the person who can unravel this for me.
Getting back to market in general, I could go on and on about this or that and how it shows the market is weak and wobbling. But that would just be a waste of time. I'm still bearish but rather bloodied.
And by the way, what I meant by the 'big guns' is very deep OTM puts 4/6 months out (around 5% of my portfolio). What I'm hoping here is that the leverage will win over the time erosion and the extra kicker will be the increased volatility (possibly doubling from its current levels).
âMarkets are never wrong, opinions are.â â Jessie Livermore