Adventures in ThinkOrSwim

We have an incredible amount of data at our fingertips

View in browser

View in browser

AUGUST 22, 2024       Hey y’all, I’m taking a quick break from a long, intense project to fire off this newsletter. All morning, I’ve been working on a project in ThinkOrSwim, trying to pull some data and analyze an incredibly powerful strategy. You’ll hear more about that someday in the future. Best to keep a lid on it for now. But in this project, I’ve been going through old options data in ThinkOrSwim, testing some ideas and staring at charts of options price decay.  Sounds fascinating, right? Well, the thing is… it is!  We have an inconceivable amount of data at our fingertips for FREE, and it’s basically a trader’s playground. But it’s also incredibly frustrating…  Because even with the benefit of hindsight, the markets never do exactly what you want them to do, do they? You’re certain an idea should work in a particular way, and then you look at the data, and it’s true… about 90% of the time… But the markets are mercurial. They change quickly, at the whims of the latest piece of news, or even just because one skittish bear on Wall Street made a big money move. They’re hard to pin down. Take Netflix (NFLX), for example. I’m in a credit spread that needs NFLX to close Friday at $700+ and I’ll make a nice return.  But the last few days have been rough despite the huge breakout Tuesday morning. This morning, however, I checked the charts and got a fun surprise! NFLX had broken back about $700!   IT’S ON FIRE! GET GEOF SMITH’S #1 TRADE!   And it’s all based on the power of this orange-ish powder. (no, it’s NOT turmeric) Click To Get The Trade Now! I even thought about closing it out, taking a “breakeven” trade and not risking more downside pressure. But I figured, why not take my chances? Well, here’s why not…   The markets changed again, quickly, and now it’s looking like a loser again. We’ll see how things shake out. At this point, I’ll probably just keep the trade open and take the full loss if I have to. Here’s the thing: when the markets do this to you in a LIVE trade, it can be crushing and really disheartening. But when you’re doing historical research and you see it happen, it’s a reminder that the market is always unpredictable. And with so many strategies and an unswimmable sea of data at our disposal, you have to pick a strategy or strategies that works for you, then develop a thick enough skin to deal with it when things don’t go your way. I think that’s the only way to see sustained success in the markets. Hope you’re having more success this week than I’m having with NFLX! Reply to this email and tell me about your best trades this week… I might even shout you out in a future email!  For now, back to ThinkOrSwim. Wish me luck!  To your prosperity, Stephen

AUGUST 22, 2024 Hey y’all,   I’m taking a quick break from a long, intense project to fire off this newsletter.   All morning, I’ve been working on a project in ThinkOrSwim, trying to pull some data and analyze an incredibly powerful strategy.   You’ll hear more about that someday in the future. Best to keep a lid on it for now.   But in this project, I’ve been going through old options data in ThinkOrSwim, testing some ideas and staring at charts of options price decay.    Sounds fascinating, right?   Well, the thing is… it is!    We have an inconceivable amount of data at our fingertips for FREE, and it’s basically a trader’s playground.   But it’s also incredibly frustrating…    Because even with the benefit of hindsight, the markets never do exactly what you want them to do, do they?   You’re certain an idea should work in a particular way, and then you look at the data, and it’s true… about 90% of the time…   But the markets are mercurial. They change quickly, at the whims of the latest piece of news, or even just because one skittish bear on Wall Street made a big money move. They’re hard to pin down.   Take Netflix (NFLX), for example. I’m in a credit spread that needs NFLX to close Friday at $700+ and I’ll make a nice return.    But the last few days have been rough despite the huge breakout Tuesday morning.   This morning, however, I checked the charts and got a fun surprise! NFLX had broken back about $700!   IT’S ON FIRE! GET GEOF SMITH’S #1 TRADE!   And it’s all based on the power of this orange-ish powder. (no, it’s NOT turmeric)   Click To Get The Trade Now! I even thought about closing it out, taking a “breakeven” trade and not risking more downside pressure. But I figured, why not take my chances?   Well, here’s why not…   The markets changed again, quickly, and now it’s looking like a loser again. We’ll see how things shake out. At this point, I’ll probably just keep the trade open and take the full loss if I have to.   Here’s the thing: when the markets do this to you in a LIVE trade, it can be crushing and really disheartening.   But when you’re doing historical research and you see it happen, it’s a reminder that the market is always unpredictable.   And with so many strategies and an unswimmable sea of data at our disposal, you have to pick a strategy or strategies that works for you, then develop a thick enough skin to deal with it when things don’t go your way.   I think that’s the only way to see sustained success in the markets.   Hope you’re having more success this week than I’m having with NFLX! Reply to this email and tell me about your best trades this week… I might even shout you out in a future email!    For now, back to ThinkOrSwim. Wish me luck!    To your prosperity,   Stephen

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to edwardlorilla1986.paxforex@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to edwardlorilla1986.paxforex@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub