I’ve watched this video at least a hundred times since I first watched this movie. I’ve probably posted it here in the past on more than one occasion, as it never gets old to me.
The back drop here is two guys that run a sports betting book, which of course, has its parallels to trading. Walter announces himself as one who has never missed a meeting in many years, but has also not gambled during the process. In other words, he’s observing the behavior of those around him to diagnose what’s wrong with their approach. How their behavior impedes their progress. I find myself doing this just as much as I observe the market in front of me, I observe those participating in it as well.
This post doesn’t imply anything directed at the viewer. Just worth a watch.
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Great clip….I haven’t seen the movie, but I will soon..thanks for that
. << this small
Yup. That small.
Ha ha! After a lifetime of repeated ‘surprise sex’, I’m surprised mine still has the ability to pucker… but it does!!!
Thank you for posting that, OA.
There are a lot of behaviors out there that are self medication for not being at peace with one’s self. It can be unbearable to feel pain and let it wash over you, especially if you do not have a pot to piss in.
As always, best wishes to all of you. Trade well…
Awesome video…the last time I think we saw this, we got this from our very own Bruce…cheers, Brucey Bruce! 🙂 hope you won big today, too.
bruce keller July 10, 2014 at 1:56 pm
My account is up 50% today,
Damnit Yoshiii what happened? Olathe huh? Kansas City North here. 29 more years and we’ll be back!
I like the Royals for next year!
Based on the rules we established about projecting winnings and such, I should have sold JDST at the close. Here’s hoping the Chinese and Japanese run the price into the ground overnight.
Protect me from my own hubris and such, you know.
I’m a lemon.. I obviously like to lose based on my risk taking behavior with trades. I imagine a lot of us are a little lemon. The key is knowing it and doing something about it
Are you a little Lemon?
I know it, I’m working on changing.
I observe a lot of folks that don’t do much in the way of planning, or sticking to a script. Rather, they make a bunch of impulsive decisions and flop with the management aspect.
Everyone has ways in which they can improve. We work hard at this daily in hopes of self mastery.
Hey jersee, only 4 postseason game losses in 29 years…isn’t too bad if you look at it that way 🙂 Its been fun to see how much the Royals have unified the entire city, and given us so much to cheer about. I haven’t experienced anything like it, in terms of unifying and rallying everyone, other than going back to 9/11…but that was altogether different. It’s been an exciting oKCtober.
Anyone have thoughts on $VMW as a short here? Low IV, narrow range day
Like selling LOCO this past Monday afternoon.
True story.
is it my imagination or have fake outs become a nearly common feature this half of the year? I was just thinking about “when to cut” and it seems like a spook factor exists. don’t want to cut too soon, but need to sniff out the truly wrong directionals.
spook factor = fake out dips below support levels that bounce. Seems to be mostly short lived,.
The zealots let OA know which picks aren’t going to work and he gets money for it. 😀
Genius really. Just keep a tab on bullishness on stocks about to move and go contrarian. Then again I guess that kind of goes against itself!
Wut?
Anybody else have problems today with fills? I was trying to buy GPRO Dec 80 calls and only got a partial fill. Placed limit order and limit order .05 above the offer were not hit. Tried market order and ended getting filled .3 higher than 2.2 offer on only 8 of the 40 contracts. Regardless of shitty execution, those calls will be worth a shit ton of money in the coming weeks and I want them. Any suggestions? I use AMTD.
What time did you place this trade? There was a glitch in the Matrix at about 12:30 central.
My Friday YOLO gameplan:
GOOGL: target $568, stretch $574, but don’t piss away a chance to book gains if it doesn’t want to test above $570.
MBLY: target $54, take this early if it gaps up. In other words, fade a sizable gap.
GOGO: target $17.50, stretch $17.75. Again fade the gap up if it opens near these targets.
LNKD: if it gaps over $215 let it run, if not then target $215. If it gaps and holds a retest of $215 then buy next week’s calls with a $230 target. Thin structure above.
AAPL: buy yolo $107s if opens flat to down to down at about $106.75…targeting a break out of the $107.35 level. It should break out tomorrow unless a new short term trendline is established. My charts show that it has to go into price discovery mode by 1:30 PM central. This could be an epic last hour yolo if it stays range bound from $106.75-$107.35 all day. Targeting $108.50-$109 tomorrow.
I’m sorry the stretch on that GOGO would be $18.75, i.e., the apex of the volume profile.
Around 12:35CST
Option markets were broken for like half an hour around that time today. Likely the reason you were not filled. The quotes you were looking at probably weren’t even accurate.
Based on where calls traded for rest of day, quotes were not out of line. What about market order that was only partially filled? With the benefit of afterhours hindsight I would have gladly overpaid for the other 32 calls.
Holy hell look at these futures. Going to be interesting to see where we are at open.
NQ just took out highs on the BOJ news. This whole month has been surreal.
Market is crashing up while everyone is asleep. LMAO. Anyone that didn’t put in a stop loss on futures is going to shit themselves in the morning.
This is some pretty crazy action, should be interesting to see what tomorrow brings.
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