Happy Sat ! Some news you might want to know;
On Monday, Equity options on specific assets will begin trading at 7:15 ET. The full requirements are as follows;
-the option class has an average daily volume of 150,000 contracts or higher
-the underlying equity to the option has a $50 billion or higher market capitalization,
-the underlying equity to the option has an average daily traded volume of 10 million shares or higher.
Look everyone... don't ever be concerned with my positions; be concerned with the risk you are taking.
I've been trading for 43 years and have had only a few single-digit drawdown years. All of my trades are made from very low-risk entry points and always with a hard stop loss in place.
I could turn out to be wrong and the market may have already made its low. If so, I'll get stopped out. That's the business.
I'm wrong just as often as I'm right. The difference is that my risk is always defined and controlled. What matters is not being right all the time; what matters is that the risk taken relative to the potential reward, adjusted for batting average, is managed in a way that produces a profitable outcome over a large sample of trades.
That's how I've approached the market throughout my entire career, and it's no different today. The distribution of gains and losses over time forms a profitable bell curve because risk always comes first, and risk is always managed in relation to reward.