Why Is The Obvious Not So Obvious?

tick tock..where's the clock
up we go..or maybe so
down we come..what a bum
now i'm out..with a shout

ML do dig..for what is big
and wonder so..TO not show
so let us see..what will be
if one can ask..where's bid or ask

to find a nug..under the rug
must lift a bit..and see what fit
if nothing there..then it be bare
but nug may be..stuck under see

TO

 

Much appreciate the commentary regarding this trade TO!

As for what's interesting on the chart - the options go down when the index does, but do not go up when the index does.

So you entered towards the low and end of day when this divergence happened.

Next day the same thing initially but the options did catch up when the index made a move towards the strike price

 

I knew it I was setting myself up when I posed the question in that manner

Are we talking about the flaw in the clock? But knowing the flaw and how to adjust for it are two different things

Can I have a cookie? In the movie, TO gives out cookies to those seeking knowledge

 

here u go ML..and easy does it




i hate the 1%..they are too greedy..big fat bastards

 

the option will expire tomorrow..and u can see from previous chart why buying otm options with only a few days left can be very risky..so if doing so must keep risk small..and if big move happens..which it might tmrw..then u will make some nice money for very small risk

i closed the jul2013500..got an extra 20 pts to close at 440 by hitting the bid with a lmt order..as nice rally into close..but i was reluctant..as the mib showed signs ALL DAY OF WANTIN TO BUST UP..and it might just do so tomorrow morn after US markets rallied..however..i was away from desk..so i closed on mobile phone app just before market closed

never be afraid to take profits..especially when u have more than one trade open..as u will never go broke by taking profits..TO did not buy the low..and more than likely not sell the high..but who gives a shyte....this one made €344 after commissions..not bad for an example trade that was done to show how a controlled risk trade has a good probability of making money in a very volatile market

someone posted a while ago something along the lines of "why trade at all"..well..reality is if u do not trade u will never make any money..but when u do trade u are putting ur money at risk the moment ur order is filled..so..there is only ONE THING that u can do to help urself..and we all know what that is by now..don't we

no more charts for now..as TFF might kick me out of sesame street if i give away too many cookies



The Oracle's Gamble

The Oracle, she's crafty. All along we thought she was baking cookies and handing candy to strangers, but it turns out she's a player. She played Neo, Trinity, and Morpheus. She played The Merovingian, and she totally played The Architect. If he had a real head, it would still be spinning from the moves she made.

The Oracle, described by The Architect as "an intuitive program, initially created to investigate certain aspects of the human psyche", has been around since the beginning. She's experienced the 5 previous iterations of the Matrix, and has guided The Ones along the path in each iteration. But over time, her purpose has changed: she's learned more about the human psyche than any other machine or program. She's seen them struggle, fight, fall, get back up, and keep going. She's seen them live, love, and die. She's seen Ones follow the path. She's seen others put their faith in The One and do everything necessary to assist him or her. In short, she's seen it all. And she's learned. As each iteration of the Matrix played itself out, The Oracle has learned a bit more about the human psyche, a bit more about what makes humans tick. Couple this knowledge with a weariness of the unending war, and a desire to see humanity on equal footing with the machines (big fat arse bastards) again, and you've got a whole new purpose for the Oracle, and the makings of an interesting game.

 

TO , How much money was at risk at the beginning of the trade?


I like the matrix stuff



Thanks

z

 

ZT..max risk was €756 incl commissions..but that is only if the BIG black swan arrives

a more realistic risk..based on some simple eyework..would be 100 pts..or €256 incl comms

now..this trade in no way means the mib is where the easy money is..it is a very risky market to trade..if u look at an earlier chart u can see how much of a sorry bastard u would have been if you had bought calls when mib up at near 14800..but..as with all markets..there is no gain without the risk..so..as TO keeps mentioning..making money is not about predicting the future..it is about knowing what does..and what does not..work..so..always beware those who only speak of winning..for..when they do so..all they do is show what they do not know

T=$

In the movie The Matrix, a character called "The Oracle" — a middle-aged cookie-baking housewife with an uncanny ability to know the future — tells the protagonist, Neo, "don't worry about the vase." Neo responds, "what vase?" and looks around, accidentally knocking a vase to the floor in the process. After apologising, his first question is how she knew it would happen. The Oracle does not answer the question, but instead tells Neo that what's really going to "bake his noodle" later is the question of whether it would have happened at all if she hadn't mentioned it in the first place.

 

TO

 

Cool Thanks

One more thing

I was wondering how you prefer to manage the trade specifically? Since this is in the trade management forum , that is why I am asking.

For example

In one market I go all in all out and just reverse to grab vol.

In a separate market , I go all in and scale out while trailing stop once partial tgts are hit ,

Many ways to execute trade management. I'm interested in what you like.

 

it all depends on what type of trading u are doing..so..for options on mib..u have seen typical trade..identify max risk..get in without thinking about it too much..know at what level u should look at getting out..and always take profits when u have them..even if it means missing out on big move..for..u can enter again very quickly with a few clicks of a mouse

btw ZT..the mib is currently showing +68 at current ES levels..u see..The Oracle can see the future

for daytrading US stocks..now..that is completely different

all in can be a very bad thing to practice..and i would never ever do it..no matter how much is possible to make..for..the one day i think i have it made..bang..down the fukin swanny goes the whole lot..and the big fat arse bastards will be laughing at you..again

position sizing is of course very important..and yes..u must trade bigger size when required..but the important part here is the WHEN REQUIRED..not when you think it might be..for..there is a big difference..and when you know the difference..u will know

anyway ZT..no matter what market u trade..there is one OBVIOUS thing that you must know to control ur risk..and make some good money..and NY has told me what it is..but it has never been directly mentioned in this thread..well..as far as i know anyway..so..let us see if it will ever be mentioned..and not by TO of course..but by someone who has entered The Matrix

TO