Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Awkward Thanksgiving, Ahoy!
I don’t make a habit of shamelessly cutting and pasting content, but here is the original post. I simply had to share this, since it’s jaw-dropping. The boldface is my own.
I need help figuring out what I should do about this tax liability predicament that I find myself in. Let me take you on a journey of my bad personal decisions of the past 2 years. My first fuckup was discovering options in April of 2020, when stonks only went up. I put in hours to become acquainted with market terminology and studied options strats and stocks strats. Of course in the beginning it was a fun rollercoaster. Ultimately I ended up doubling my 5k account before i popped the question to the parents: “can i trade your money?” Little did I know that this jump would ruin my health and wealth…
(more…)Turning Slightly Bearish
Bear With Us?
Chopped Liver
In recent days, I have been thinking deeply about what I can do to improve my trading. I’m a simple soul, so I like rules or mnemonics that are easy to remember and understand. Thus, I present to you what I hope to be my watchword when it comes to trading: PATE
It is pronounced as two syllables (as in the spreadable comestible) and it stands for Patience, Always Trade Extremes.
The “patience” is obvious. That is, be patient enough to wait for true opportunities. And what opportunities, pray tell, do I mean? Well, EXTREME opportunities. When something is stretched so high (as in my “sure-fire” XLE trade last week) or so low (as with XRT and TSLA this morning) that the risk/reward ratio is terribly appealing. And it’s not just price extremes. It also applies to slam-dunk, killer price patterns (like EFA and EMB).
I’m going to try to burn this into my head and actually live it. Let’s see if it helps! Maybe it’ll help you, too.
