Damocles Weekly Trade Journal

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He who is not courageous enough to take riskswill accomplish nothing in life.- Muhammad Ali Commentary Thrashing is the Hardest Part of Trading Choppy aftershocks are going to be the status quo after the epic 37% collapse of the DOW..
"Never let a serious crisis go to waste."- Rahm Emanuel Commentary Our economic system is a vital function in our way of life. A free-market economy is one of the major requirements for a free society. But by the very..
Falling down is how we grow. Staying down is how we die.- Maximus Decimus Meridius (Movie: Gladiator) Commentary I wish I knew what I don't know. The Coronavirus "crisis" is a bit confusing to me. But from the Market's tantrum..
Commentary We need to CHILLAX! As of this Monday morning (3/9/20), every Vertical Bull Put Credit Spread in my Options portfolio is insanely deep ITM. This equates to a possible max loss of $2,713 if all positions fail. My job..
--Matt Farrell: The first time I heard the concept of a Fire-Sell, I actually thought it would be cool if anyone ever really did it. Just hit the reset button – melt the system just for fun.--John McClane: Hey, it's..
Commentary This week's commentary was preempted by the market meltdown. Much of my time was focused on determining which strategy to use and the possibility of managing any losing trades. So for this week, we are doing nothing but Trade..
"You have taught us there is nothing beyond our reach.Not even the stars..."Nuria- (Star Trek TNG: "Who Watches the Watchers") Commentary This week's commentary will begin a series of overviews on my watchlist and how I use it to help..
"True love is the greatest thing in the world - except for a nice MLT- mutton, lettuce, and tomato sandwich, where the Mutton is nice and lean and the tomato is ripe." - Miracle Max (Move: Princess Bride) Commentary Happy Valentines..
Commentary This week's post encompasses three weeks of activity. During the first two weeks, I enjoyed a smooth Caribbean cruise to the Panama Canals and back. During these two weeks, I only had spotty Internet access. So, I was only..