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My grandad told me this wild story about the birth of the #NORAD #SantaTracker once. I didn't believe him but most of it checks out - you can look it up. I think I've got the dates right. Scared me a little when I was a kid. Just... weird stuff. Details... THREAD BEGINS 1/
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Not much to do in Colorado as a teen except sneak out with your Dad's hooch, grab a blanket & stare up at the stars. Skies so clear you can count constellations...
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Then, December of 1955, something insane happens. And I swear this is true. Again, you can look it up...
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But that's where it gets weird. Grandad swore up and down he wrote the right number down; he was a 21 y o kid, hungry for work; mistakes like that cost papers money and kids like him their jobs. Someone GAVE him that number
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The stories and songs are WARNINGS
Grandad laughed.
Bet you didn't know he wasn't always chubby...
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The warnings are for a Santa you don't know...
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Think of the songs, son, he said, then he looked at me & his eyes turned pale
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You better not cry
Better not pout
Then...
He sees you when you're sleeping
He knows when you're awake
He knows if you've been bad or good
So be good for goodness sake...
Stay in your bed, he said, because you're being hunted by SOMETHING WE CAN'T STOP
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Whatever it is, I’m not sure milk and cookies are gonna protect either of us from what comes down the chimney....
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I have some... presents left to wrap, he said, and I know you don’t wanna spoil the surprise.
I went to bed that night, but I didn't sleep.
In the morning, grandad was gone.
Fishing, my Dad said...
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I could still smell the gun powder in the air.
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More from Life
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
Next level tactic when closing a sale, candidate, or investment:
— Erik Torenberg (@eriktorenberg) February 27, 2018
Ask: \u201cWhat needs to be true for you to be all in?\u201d
You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
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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
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