META Likely bottomed

Overnight said:
How did the strategy work out? You had that position in place on Thursday, and of course, as if you predicted it, we had a face-ripping rally on Friday. How much pain did you prevent by having that stop-o-strat?
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I posted it to Twitter. 8.8%
 
destriero said:
8.8% gain in the day. Second biggest day of the year.
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Fukin A' man! That's the sort of bundle I need to learn, all this layering in with time flies and hedging your short NQ stuff after it ripped, but you made money anyways. Who cares what your net exposure is now, you can take care of that now with new positioning if you have to!

Great job man!

P.S. If you want, I can get you in touch with the last Blockbuster guy, if you want to give it another shot, since you just made serious bank. *wink*

https://en.wikipedia.org/wiki/Blockbuster_(Bend,_Oregon)
 
Overnight said:
Fukin A' man! That's the sort of bundle I need to learn, all this layering in with time flies and hedging your short NQ stuff after it ripped, but you made money anyways. Who cares what your net exposure is now, you can take care of that now with new positioning if you have to!

Great job man!
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Thanks. I had a exotic bull vert on so the futures were the hedge for the bull vert -> the combo was the hedge for the futures. I try to leverage the primary to the limits of net liq provided that I can achieve unlimited wing gains. Terminal risk not to exceed 8% of net liq.

The skew lock is another account. All in it was 8.8% and 14% for the week.
 
destriero said:
...Terminal risk not to exceed 8% of net liq...
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Indeed. I think that is an important metric to remember. Terminal risk fixed at a set amount.

Well, you have that discipline down pat, which is why you are showing positive net gains YoY.

Keep it up and keep us inspired. And forget the naysayers out there about you. I have seen a lot of posters in my time, and I know you are the real deal. Why? Because you do the opposite of what all the others do, which is to cowtow.

I bet you eat birds, too! (Sorry, blast from the past.)

 
Overnight said:
Indeed. I think that is an important metric to remember. Terminal risk fixed at a set amount.

Well, you have that discipline down pat, which is why you are showing positive net gains YoY.

Keep it up and keep us inspired. And forget the naysayers out there about you. I have seen a lot of posters in my time, and I know you are the real deal. Why? Because you do the opposite of what all the others do, which is to cowtow.

I bet you eat birds, too! (Sorry, blast from the past.)

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I’m the only one here who has ever posted 6-7 figure wins to this board in real-time. These naysayers can’t meet PDT. So no, they don’t rate. It’s not about the wins it’s about the stupidity and revisionist history. Dudes that can’t quote a forward are going to school people on the vol-dynamics of the crash? Fuck you! (Not you)
 
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