In this week’s episode, sprocket888 flies solo and lays out the details of “The one percent challenge.” This challenge is about building a good habit of starting slow and steady inflows into a trading account. The name is derived from the goal of depositing 1% of your weekly income into a brokerage account. The median… Read More »The 1% Challenge

In this week’s episode, sprocket888 is joined by viperxl007. The collapse of the second largest crypto exchange, FTX, has engulfed news feeds. As we have been traders and prominent crypto industry advocates, we take a look this week at the FTX situation and offer our thoughts. First, we focus on what happened by looking at… Read More »FTX Implosion: Is this the beginning of a larger crypto collapse?

In this week’s episode, sprocket888 is joined by viperxl007. 2022 is winding down compared to 2021 the performance of our portfolios has been terrible. This episode is a working session to see if there are aspects of PA that can be combined with the mechanical option strategy that sprocket888 uses. To analyze this, we use… Read More »Can you make mechanical PA and option selling?: A working session.A

In this week’s episode, sprocket888 is joined by viperxl007. First, we round out the $AMZN play from last week’s show. In that show, we discussed the mechanics of a trade around earnings. In this episode the earnings event is over, and we dissect the movement after the announcement and talk through the continuation of the… Read More »Closing out the $AMZN earnings and ‘Can the FOMC create market pivots?’

In this week’s episode, sprocket888 is joined by viperxl007 to look at playing earnings with options. Earnings are a binary event where volatility builds leading into the event, and then post the event, volatility collapses. This is an excellent setup to play with options. The play that we look at in this episode is selling… Read More »Preparations for option earnings play: $AMZN as an example

In this week’s episode, sprocket888 manages his trade on $AMZN by rolling out the option in time one month. $AMZN was in an interesting position where it was still ITM, but volatility had increased. This situation has allowed sprocket to collect a very rich premium on the roll (more than average). Then sprocket uses the… Read More »Practical application of Price Action

In this week’s episode, sprocket888 and viperxl007 look at shorting stock. sprocket discusses how this year has been challenging as the markets have been on a march seemingly to zero. The trend all year has been bearish, which is quite a change from previous years. There are calls to simply “short” stocks in a down-trend… Read More »Does shorting scare you?

In this week’s episode, sprocket888 and viperxl007 have a transparent discussion on when to exit a position that only looks to be going higher. Both sprocket and viper have been investing in a crypto ecosystem called chikn.farm. They entered this with little expectations of what would unfold. The ecosystem has been on fire lately, and… Read More »The Struggle is Real: Exiting a winner when the future looks bright.

In this week’s episode, sprocket888 looks at two of his open trades. The first is on $AMZN, and the second is on $CVNA. Both of these trades were premium selling trades. Both plays have been going more and more in the red but have not reached a point to lock in the loss yet. This… Read More »Checking in on open trades: A look at $AMZN and $CVNA

In this week’s episode, sprocket888 and viperxl007 discuss a new project that they found called ‘Forum.’ This project aims to allow individuals to combine resources while safely preserving governance over the pooled resources. viper and sprocket discuss how this could be very interesting to allow a small group of retail traders the ability to pool… Read More »Project Forum: Can you safely pool assets to attain something difficult?