It's OK. It was "on topic" since opportunistic "waiting" for favorable market swings is a big part of profitable SPX credit spread trading. So its important to find things productive to do while "busy waiting" to compensate oneself for the time-value-of-idle-money begging to be let loose. To that end I am personally picking up these conspicuously opportunistic "free-bees" the market apologetically flogs from its loins (such as APPL) as compensation for being so shamefully indecisive on its direction and low volatility. I in fact now count on this somewhat routine and conciliatory market lagniappe as fair compensation for the various other market mischief that we credit spread traders are made to suffer (e.g. such as shameful b/a spreads and low volatility and low volume). As such, this kind of profitable waiting has become an integral component of my trading strategy and leads to positive net expectation and can be conducive to a trading edge. So, it is relevant and I appreciate those sharing the joy in how they punish the market for not giving us any good occasions for SPX trades lately. I wonder if this dog chasing its tail market can be trained to run one way or the other and with more excitement (VIX) ?
By the way, part of my Risk Management plan is to keep myself entertained during SPX dog-days such as we currently suffer. Its an effective distraction from the temptation of jumping in on sideways motion to scalp a penny-ante pot and risk prematurely losing next months trading capital. As one can see here its fairly easy to induce a whining post dynamic behavior. The real value to the forum at large is that this forced dithering is an excellent way to get new topics introduced when discussion goes stale; which I find is correleated to current side-ways market conditions. Frankly, I look for a ratio of 3:1 - 4:1 critical overhead posts before unimaginative critics figure out that they are a bigger distraction and it settles into a new interesting discussion. As for me, its all entertaining and puts me in the proper jovial mood to deal with the occupational pessimism of being forced to make money by only playing the down side credit spread positions. But most personally important, as a part of my Risk Management activity it keeps me from rationalizing the need to hunt for symetrical optimism to the upside at any cost.
Cheers,
TS
By the way, part of my Risk Management plan is to keep myself entertained during SPX dog-days such as we currently suffer. Its an effective distraction from the temptation of jumping in on sideways motion to scalp a penny-ante pot and risk prematurely losing next months trading capital. As one can see here its fairly easy to induce a whining post dynamic behavior. The real value to the forum at large is that this forced dithering is an excellent way to get new topics introduced when discussion goes stale; which I find is correleated to current side-ways market conditions. Frankly, I look for a ratio of 3:1 - 4:1 critical overhead posts before unimaginative critics figure out that they are a bigger distraction and it settles into a new interesting discussion. As for me, its all entertaining and puts me in the proper jovial mood to deal with the occupational pessimism of being forced to make money by only playing the down side credit spread positions. But most personally important, as a part of my Risk Management activity it keeps me from rationalizing the need to hunt for symetrical optimism to the upside at any cost.
Cheers,
TS