blackgrey45 

What is an "exotic"?

Exotic options to me are any combination of options even if plain vanilla.

Vanilla options are.. what regular options are.. outs and calls with strike prices and expirations.

Exotics can use an average price as the strike
Or a moving average price. Exotics can also be puts and calls at the same time
And by a set date you must choose either put or call etc.

To me exotics can also be long strings of options in different markets in combinations of puts and calls and different strikes etc

A quick Google of exotic options shows you the many non standardized exchange options. Almost too many to list.

What if we we bought 3 calls in Gold then sold 2 puts in 30 yr bond and did a short strangle on the sp500 but we combine all of these fluctuating values as 1 price line.

Obviously you could do this also with multiple different types of exotics like Asian options or average price options. Etc.

https://www.analyticssteps.com/blogs/10-types-exotic-options

But don't get too hung up on the combos or the exotics... It's really more discipline and following a system like a machine. Easily said but very difficult to do.


For every winner there is a seller. This means instantly on paper.
You do not have to take losses to make this factual.

When you acct is down 10 bucks someone else's is up 10.. or10 accts are up a dollar each

That's risk and I tend to hold into this risk at certain times

Buy the euro buy the euro..

Euro break out higher is imminent!!


Buy any and all dips euro

Looking at gold today and yesterday seeing that I exited everything quickly just to get a clean slate did me no justice in gold.

Obviously I had a hunch or my bias was that gold and silver both were outside of what I feel to be a range of fair value or from an industrial raw materials stand point cheap to purchase and store or way too expensive to purchase and store.

Hindsight bias can drive any trader crazy so let me be very clear.
Seeing that I was long gold yesterday on a 3 lot around 1715 and seeing it at 1760
Today does not upset or bother me. Sure I'm talking about it now but more for the fact that ... Seeing this happen only reinforces that certain parameters were met and they worked. My execution was just plain lazy.

It is taxing for me to use a small cell screen flipping thru tons of charts rather than
8 monitors that I usually have running in my office. I use 2 mostly but a quick glance always helps me.

My point is that no trader with edge should be upset emotionally about missing trades because there is always another trade always another opportunity in another market or the same one. It is still who can guess the best and who has the monetary power to actually move the markets.

I like buying gold and silver on any major dip 8 to 15 points

Selling 5 option combos

10233

Sold 10 more combos on a scalp

10,215

Selling 5 more on a scalp 10,112

This was 10,212


Short 20 on a scalp

Flat bought back 20 at 10,180

Sold 20 combos @ 10,218

Bought 20;combos 10,180

Gross gain 775 on a scalp

Again. If you have edge then you will know when to trade. I have a high probability for success based on years of non discretionary research as well as being a half way decent trader. Yes I can and do lose but they are usually only on paper and rarely realized because I position slowly unless everything is screaming get in or out fast and big.