9 times out of 10 we all have a version of "obvious" that is different from others.
The conversation between @jackbutcher and @ShaanVP was full of gems
Here are 30+ key takeaways 👇
9 times out of 10 we all have a version of "obvious" that is different from others.
Content is the magnet.
- Are they a participant in a long-term game that has inherent trust? (like Silicon Valley)
- Do you know the person?
- Do you know another person who is investing?
Customers will be happy to pay.
In other words, what do successful people think about that the rest of us don't? And how can I share that?
It's easier to save money to start, but at some point there's nothing left to cut.
Focus on building the skill of making money than on reducing expenses.
He talks about topics that are interesting to him (or his previous self).
He wants to use money to buy time, and this was doing the opposite: sucking his time for some marginal money.
One thing this will do will break your scale. For example, @awilkinson made $200M on one investment this year.
- Move where they are (like SF)
- Host people—invite awesome people to be together and be in close proximity to them.
- What they're up to
- How they made things happen
- What they're investing in
- What they're doing or not doing
How do you maximize that return?
A: You need an accurate framework of where you are
B: You need your next step
Z: You need your end goal
Once you do B, you'll figure out the next thing.
- Learn and then package it and sell it
- Learn and then invest based on it
In other words, they don't believe that what they enjoy could be considered work.
You have to do what feels like play to you, but that others consider work.
The key was he brought an awesome energy and state and how he approached the questions.
These people change your frame of reference.
(@danielgross was one)
He's one of the best building and monetizing an audience right now.
They aren't great for developing the skills that will help you build your next company (like management and process).
There are lots of other people who win, but need the right context or timing.
@ShaanVP wants to be one of the people who can win in all contexts.
You always need to be in some sort of state: why not be confident, upbeat, and feeling good?
(inspired by @TheNotoriousMMA)
Radical self-reliance.
The greatest way to end the year:
— Dalos Ortiz (@DalosOrtiz) December 29, 2020
Enjoying a conversation between @jackbutcher & @ShaanVP on @visualizevalue Office Hours.
They discussed the benefits of building an audience, how to think about money, and frameworks to do more.
Here are my learnings \U0001f447
[Thread] pic.twitter.com/2xm6pBlEG9
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MASTER THREAD on Short Strangles.
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
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"I guess it's impossible and I'll never break into the industry."
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Courtesy of @edbrisson's wonderful thread on breaking into comics – https://t.co/TgNblNSCBj – here is why the same applies to Product Management, too.
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Make Products.
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MAKE PRODUCTS.
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— Ed Brisson (@edbrisson) December 4, 2018
make comics.
"If only someone would tell me how I can get an editor to notice me."
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"I guess it's impossible and I'll never break into the industry."
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There is no better way of learning the craft of product, or proving your potential to employers, than just doing it.
You do not need anybody's permission. We don't have diplomas, nor doctorates. We can barely agree on a single standard of what a Product Manager is supposed to do.
But – there is at least one blindingly obvious industry consensus – a Product Manager makes Products.
And they don't need to be kept at the exact right temperature, given endless resource, or carefully protected in order to do this.
They find their own way.
