After window shopping at Options Bistro for several months, I’ve decided to come inside and talk shop. One of my best days as a trader was the day I discovered the Bistro. I’m so impressed with the creative ways that everyone here makes money. I love how you fight to get back to even no matter how long it takes. My inclination as a trader has been to take my lumps when I have a loser, dump it, and move on. I’ve learned at Bistro that there is a better way.
As to where I fit in the growing Bistro family, I’m Smasty’s (Sue) sidekick. We are on a perpetual hunt for better, stronger, and more profitable trades. She is the options maestro and I’m the wordsmith and caretaker of the petri dishes. She comes up with innovative, sometimes complex trade designs. Together we analyze them, tweak them, name them, and test them with real money. We are relentless mad scientists. We’ve discovered and customized trade designs that work in almost any market conditions.
I’m a trend trader at heart. My approach is to determine the trend (bullish, choppy, or bearish), identify instruments that move with the trend, and use designs that capitalize on the trend. I gravitate to high probability, limited risk trades that allow me to trade another day if the worst-case scenario plays out.
My favorite setups are diagonals, collars, fuzzies, superchargers, calendars, pre-earnings, and long shots. I trade unhinged when I’m really bullish and unbalanced when mildly bullish. Forgive my cheeky sense of humor.:-) Beware my favorites list is subject to change daily. After all, Sue is my trading partner. We never met a trade that couldn’t be improved and we don’t mind leaving our failed petri dishes by the side of the road. Lol.
Thank you, JeffP, for allowing me to be a contributor. It is an honor. I look forward to sharing trades with you and continuing to learn from all of you.