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The drawing will happen on April 1st!
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1/ Druckenmiller's first mentor, Speros Drelles, would often tell him that "60 million Frenchman can't be wrong."
Here's a thread on what that means and how to know when you should listen to or ignore the "Frenchman" (market)...
@ICoptionstrade Thank you for sharing so generously and answering our questions so openly. You've helped me recover most of my past losses and that means so much!
@ICoptionstrade What's are your views (if any) on direction of SPX a month out?
I understand the need to hedge but, each time I'm spooked I oversell. Esp when we're near highs.
@ICoptionstrade Tried to hold what I could but closed some DDOG (+20%) and ATVI (breakeven), mainly to take some stress off.
Took a SPY call close to day end. Fingers crossed! Managing emotions is way tougher when the entire market goes red.
@ICoptionstrade I see your tend to close 1/3-1/2 at around 40-50%. Is this your general profit target and is this something I ought to emulate or does this depend on position size or portfolio value? Thanks!
@ICoptionstrade Thank you for the tips! Missed the big NKLA run but I managed to get some ORCL. Helps to undo some of the mistakes I've made this past month.
Status games are multiplayer, zero-sum, hierarchical, judged socially.
Get grades, applause, titles now - emptiness later.
Natural games are single player, positive-sum, internal, judged by nature/markets.
Pay in pain now - get wealth, health, knowledge, peace, family later.