For Another Life

destriero said:
You need my "8 Sharpe" seminar, BS.
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Indeed. I ought to work my a$$ off this holiday season trucking so I have trading capital left after paying your fee. Unless you would consider a profit sharing arrangement, of course. Wink.

Still, I’m liking the R/R of some of these option spreads plus underlying based on my money management protocol.

Alrighty then, eight Sharpe is this weeks’s goal!
 
No trades this morning. We have traded both sides of the open. The current risk environment is not conducive to going long for previously planned overnight position. Going to lunch. Perhaps I’ll see some scalp setups this afternoon.
 
No trades today. Account up .29% on longs established last Thursday. I see VZ as a beneficiary of anticipated easier Fed policy. While TMUS has been outperforming, heavily lobbying VZ is not going anywhere. Especially with a seemingly safe, high yielding dividend. SBSW is a bit of a high yielding value play as well and price should recover in a more accommodative environment.

Geopolitical concerns may cause the Fed to adopt an “Out of an abundance of caution” view sooner rather than later.

I should have increased my exposure, perhaps when ES returned above its open again, especially considering the large potential risk to reward of a vertical spread plus some underlying.

I missed solid entries in the 30 Year and Gold, being too focused on equities.

We may be seeing a bit of sector rotation where technology leadership is reduced. Crude risk premium increased today, but I question how long it can be maintained without fresh geopolitical belligerence.


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Zero for six on scalps. Who is reading who? Down $190ish. At least my exits were reasonable overall. Should have taken screenshot earlier to avoid discrepancy here. I will reiterate maximum of five scalps per day unless profitable, confirm scalp idea is consistent with time of day rule, and adhere to long only single name rule.

Notably, I was bullish the last few days, the market rallied, and I lost money. Will be doing quality trading day reconstruction tonight.

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Rather than scalping to increase exposure, I will scalp to manage exposure on overnight positions. I may scalp to leg in and scale in. Reviewing different option structures as shown on blotter. I am looking at BIGT, a ETF that consists of the Magnificent 7 (TSLA, AAPL, GOOGL, META, AMZN, MSFT, NVDA) to trade and as a indicator. I finished the day +$18.
 
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