•Indulge in the things you love and enjoy. Then skimp on the rest.
I turn 38 today.
Here are 38+ life lessons that helped me retire early:
•Indulge in the things you love and enjoy. Then skimp on the rest.
• There is no such thing as a perfect job, perfect house, perfect investment, or perfect fill in the blank. Just make a decision and move on.
• Time is more important than money. Health is more important than time. All are wasted if you can’t be in the present.
• Your house will never be big enough. Car will never be flashy enough. Vacations never lavish enough. Until you are OK with what you have here and now. Then it will all be enough.
• Don’t cary emotional baggage inside. Leave it outside.
• Always own your mistakes. ALWAYS. Own it. Fix it. Move on. There is no one else to blame.
• There is no such thing as an expert. And you don’t need greatness or expertise to succeed in life.
• There is no such thing as a "right way" to live life. Create your own path.
• Reading is only the second fastest way to upgrade your brain. The first is DOING the things you’re reading.
• Happiness takes work. Relationships take work. Yet, relationships improve your happiness. Still, you have to put in the work.
• Doing the right things slowly always beats doing more things faster.
• Sometimes the best way to spend your time, is to sit around doing absolutely nothing.
• Likewise, writing down a list of all the hard things you’ve been through reminds you how strong you are.
• Read to learn. Write to think. Breathe to calm. Sleep to energize. Eat to enjoy. Laugh, cry, and love for everything else.
• On the flipside of that, perfect is the enemy of done.
• Sometimes the best thing you can do is just put your head down and work.
• Don’t focus on being efficient, when you want to be effective.
• Think in decades. If I wouldn’t be ok with this in 10 years, then DON'T do now.
• Make an “automatic no” list and stick to it.
• Be insanely generous. It just feels better.
• 10% of investing is creating a plan. 90% is sticking to that plan.
• Life is too short to make a half hearted choice in any big decision. It's either a "Hell Yeah!" or a "No."
• If you are thinking about starting something. Just start. Start today and don't look back.
As a former CEO, I delve into FIRE, Enjoying Life, and Personal Growth:
@AcdntlyRetired https://t.co/izKm0i65mo
I turn 38 today.
— Accidentally Retired (@AcdntlyRetired) July 26, 2022
Here are 38+ life lessons that helped me retire early:
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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