DO NOT F*** THIS UP‼️
Summary
In this Ask Me Anything episode, the host shares a cautionary tale about blowing up his account during the 2016 election due to poor options timing. He advises against bull call spreads and buying the dip, arguing they offer no strategic advantage. The discussion covers using ETFs to mitigate healthcare volatility, optimizing stop losses with ATR, and why monthly sector rankings outperform weekly data for identifying trends.
Topics discussed
Election trading rules and the 2016 option trade failure
Bull call spreads, delta, and theta decay explained
Understanding negative extrinsic value in options
Book recommendations and market wizards
Sector rotation, ETFs, and avoiding individual stock risk
Plan ETF backtesting results and expectancy improvements
Why there is no strategic advantage to buying the dip
Trust fund updates and medical device ETF strategies
Using the Deep Thought indicator with ATR stop losses
Order block validity and the dangers of pyramiding
Managing theta and gamma risk around earnings
Sector waterfall backtesting and monthly rotation strategy
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