Theta Burn...where does the time go?

Oh where does the time go? The last year decayed much faster than normal. Now when it comes to option trading I love to be positive theta, in other words I love to sell premium with the intent of taking advantage of the decay of the extrinsic value of an option. But when it comes to life in general I sometimes forget to realize how precious time really is, I think we are all guilty of this.

Well enough with the geeky spin...I woke up this morning and could not believe how fast this year had passed by...and more than that, how many months have passed since I created this blog. Believe it or not but it has been 18 months...WOW! And boy has my trading come a long way since then...I continue to learn everyday.

I wish I could be posting more but unfortentully the job just does not allow for the time at the moment. So until then I will continue to post as I have time.

Just thought I would share.

Comments

WOW! I think that sums it up

Many of you have been reading this blog may have noticed that my blogging frequency has increased over the past few weeks as I got short the market. As you can imagine I am down money since getting short the market, this is the time when most people pull away from posting. But my goal is to stay active and involved and show you that trading is not always rainbows and butterflies. It is times like these that the things I have been sharing over the past couple of weeks are so important. You need to trade small relative to your account. I have a decent short position in the market and my portfolios are set up to make some awesome returns if we finally turn lower. But something I would like to point out is that my account is 70% Cash. I learned a long time ago how important it is to live by the rules you preach. Because of my discipline I am able to continue to hold my positions, I have time and capital on my side. I can't stress enough how important it is not to get to big....

Stay Small, Stay Out of Trouble

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