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Post by jarthursquiers on Dec 7, 2015 15:48:14 GMT -8
Your checklist is really good! I think it's just tempting sometimes to get caught up in the show and think you can trade as cowboy-like as they do.
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Post by jarthursquiers on Dec 15, 2015 8:17:33 GMT -8
I just have to try to ignore the careless trades on the show, and enjoy the amazing content.
Nick puts a 105/110 strangle on Disney the week of the Star Wars opening? *sigh*.
Probabilities are great, but if you aren't selective and knowledgeable about the underlying you choose, you'll still get killed.
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Post by Buccaneer on Dec 15, 2015 11:47:01 GMT -8
I just have to try to ignore the careless trades on the show, and enjoy the amazing content. Nick puts a 105/110 strangle on Disney the week of the Star Wars opening? *sigh*. Probabilities are great, but if you aren't selective and knowledgeable about the underlying you choose, you'll still get killed. That is why we prefer to trade indexes like SPX / SPY.
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Post by jarthursquiers on Dec 16, 2015 5:30:15 GMT -8
Agree--and stocks that you follow somewhat closely. I don't think Bat knew Star Wars was premiering this week--or at least that it's a huge deal. Dis is up to 114.5 pre market. If the movie exceeds expectations, Nick's naked call is going to hurt.
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Post by spydersts on Feb 27, 2016 9:27:20 GMT -8
Just joined the group. Mike, Thank you for sharing your knowledge and guiding the group. Very much appreciated.
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