I bet high PUT CALLS

    Posted by rbreese on 22nd of Dec 2022 at 09:04 am

    I bet high PUT CALLS yesterday due to smart money betting final GDP strong this a.m. which makes job of FED rates higher for longer.

    Which makes me wonder about

    Posted by cozz101 on 22nd of Dec 2022 at 09:14 am

    Which makes me wonder about the smart money knowing data results before other traders! It happened recently on the CPI number. 

    You can be sure that

    Posted by fundamentalvalues on 22nd of Dec 2022 at 09:22 am

    You can be sure that there are always people that know ahead of time. I don't focus on it as it distracts me from executing my plans. It is like allowing someone into my head before gametime. I have to remain focused on my plan. I used to get upset at the repeated scumbag stuff in the market, I had to realize that it is just part of it, I don't make the rules, or enforce fairness. 

    The only thing I can do is participate with a plan, work to improve, and make decisions that yield me a great risk/reward chance to succeed. Those who choose to cheat to win have their reward in that and I don't believe they are happier for it. It actually subtracts from their overall situation. Money is the great test of character. It multiplies who someone is. 

    Wow Fundamentalvalues, what a powerful

    Posted by mundy on 22nd of Dec 2022 at 03:52 pm

    Wow Fundamentalvalues, what a powerful statement in the final two sentences "Money is the great test of character. It multiplies who someone is" Is this a quote from someone or is it your own statement. Do you mind giving some background to the statement, I find it difficult to come to terms with.   

    Thanks Mundy,  It was an insight

    Posted by fundamentalvalues on 22nd of Dec 2022 at 04:10 pm

    Thanks Mundy, 

    It was an insight I had this morning. I've learned this lesson and relearned it many times in different ways over the years. It is a relationship that must be mastered. Money can be a wonderful tool and it can also destroy someone. 

    Glad it was something that helped in any way.

    Happy Holidays, all the best! 

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