Bill Bernbach, the most quotable of all the advertising Gods, once said, "It's not a principle till it costs you money.' It is only as an entrepreneur (I wish there was a less ostentatious word for this), that I fully understood the genius of that simple sentence. +

Every now and again, you meet a moral dilemma. They are the most troubling kind. Unlike the 'sambar daalke ya alag?' variety of dilemma. I'm talking about business opportunities that come with the faint, or not so faint, whiff of blackness in the lentils. +
We live in a grayscale world. Viewed through multi-hued glasses. A world where doctored and engineered have unflattering meanings. Forget about squeaky clean, nobody even seems to be scratchy clean. Even hallowed seems like a typo for hollowed. +
Shouldn't we take briefs at face value? After all, we are communicators, not investigators. Shouldn't we take shelter behind caveat emptor? Pass on the legal responsibility to the client and the rest to the customer? +
We are sloganeers and image makers, aren't we? Paid for our cleverness. Not for our, what's that word, scruples? That word is always a bit elusive. +
The customer knows that's not a brand of playing cards. And that mouth freshener from a tin doesn't help seal billion dollar deals. And that applying a facial cream will not solve racial problems. Nor will not applying it, for that matter. +
So, do we draw a line? Or let those others above and below us in the chain do that. And quickly pass the parcel before the music stops. +
It's all about the music isn't it? The jingle of money. And if there are any false notes in there, you just hope that nobody notices. All that matters is that when your head hits the pillow every night, those false notes don't sing a cacophonous lullaby that keeps you awake. +
How ironic is it that Bernbach, who was jewish, is best known for his work for the Beetle? A car that was the brainchild of Adolf Hitler. Did he have sleepless nights deciding whether or not to work on the brand? I have no idea.

ANTHE.

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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
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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