I keep a written list of my rules taped to my monitor...
Not because I forget them...
Because in the heat of the moment, I want them to be impossible to ignore...
Try it.
Most traders fear assignment because they never actually wanted ownership...
If you wouldn't hold the shares, you shouldn't have sold the put...
Ownership is just new inventory..
Few..
Hope is the most expensive emotion in markets...
Somebody is selling it every single day, just look around...
Most retail traders are the ones buying....
Flip the trade.
I keep a written list of my rules taped to my monitor...
Not because I forget them...
Because in the heat of the moment, I want them to be impossible to ignore...
Try it.
Drawdown is data, not disaster.
The plan was sized for it...
The strategy expects it...
The process continues through it...
If drawdown feels like an emergency, your size was wrong from the start...
Every time the market scares me,(rarely)..
I check my position sizing.
If I'm scared, sizing is wrong.
If I'm calm, sizing is right.
Fear is a positionsize signal.
Listen to it...
Put went ITM?
Here's the plan...
1️⃣Roll it: same delta, further out, more credit..
2️⃣ Get assigned? You own shares at YOUR price minus the premium you already pocketed...
3️⃣ Now rent those shares out with covered calls & keep getting paid..
Most people panic.
You just changed strategies. 🔄
Premiums Harvested for the day...
Position Rolls
✅ $PLTR 130p
Additional Net Credit 2.79 x4 = $1,116
✅ $AMZN 240p
Additional Net Credit 4.84 x1 = $484
Total Roll Credits Harvested: +$1,600
Drawdown is data, not disaster.
The plan was sized for it...
The strategy expects it...
The process continues through it...
If drawdown feels like an emergency, your size was wrong from the start...
Premiums Harvested for the day...
Position Rolls
✅ $PLTR 130p
Additional Net Credit 2.79 x4 = $1,116
✅ $AMZN 240p
Additional Net Credit 4.84 x1 = $484
Total Roll Credits Harvested: +$1,600
Put went ITM?
Here's the plan...
1️⃣Roll it: same delta, further out, more credit..
2️⃣ Get assigned? You own shares at YOUR price minus the premium you already pocketed...
3️⃣ Now rent those shares out with covered calls & keep getting paid..
Most people panic.
You just changed strategies. 🔄
Every time the market scares me,(rarely)..
I check my position sizing.
If I'm scared, sizing is wrong.
If I'm calm, sizing is right.
Fear is a positionsize signal.
Listen to it...
"What if all three engines get hit at the same time?"
That's 2008... That's real..
The difference: a multi-engine setup takes the punch and keeps running.
A single bet gets knocked out...
You don't need to predict the crash... You need a system that outlasts it.
"What if all three engines get hit at the same time?"
That's 2008... That's real..
The difference: a multi-engine setup takes the punch and keeps running.
A single bet gets knocked out...
You don't need to predict the crash... You need a system that outlasts it.
Today my biggest "trade" was choosing to do nothing while my screen flashed red P/L for a few hrs..
Most traders would have done something..
Doing nothing IS the trade when the system says wait...
Learn to do less..
Few..