Damocles Weekly Trade Journal
Unbeknownst to all,we have been preparing for the Coronavirus pandemicfor over 10 years...- Damocles Commentary With the universal adoption of the Internet, we have unknowingly been evolving our economic infrastructure into an asocial, work-at-home online model. We no longer need..
Keep movin', movin', movin', though they're disapproving, Keep them dawwgies rollin', Rawhide! Don't try to understand them, Just rope and throw and brand 'em, Soon we'll be living high and wide! - Frankie Laine (selected lyrics from "Rawhide") Commentary These..
A person is smart.People are dumb, panicky, dangerous animals.-- Agent K (Movie: Men in Black) Commentary Now that we are seeing the mortality models for the COVID-19 pandemic revised significantly downward, now that our eco-politicians are no longer predicting the..
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..
Looks like I picked the wrong week to quit smoking.Looks like I picked the wrong week to quit drinking.Looks like I picked the wrong week to quit amphetamines. Looks like I picked the wrong week to quit sniffing glue.- Air Traffic..
"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..