1/ questions raised by linked thread: What are some other significant traits of liberal thinking? One is the tendency to think WEIRDly. Another is the tendency to employ only 1/2 of the evolved psychological mechanisms of social cognition (and of those mostly just care/harm)
1/n Two interesting findings thus far from my analysis of Pew's March 2020 COVID-19 survey. First, white (and especially 'very') liberals are far more likely than all other ideological-racial subgroups to report being diagnosed with a mental health condition. pic.twitter.com/RynS9lk0jR
— Zach Goldberg (@ZachG932) April 11, 2020
Have we been looking at the partisan divide all wrong all along?
Aren’t all of these merely symptoms of deeper causes? Shouldn’t we be looking for THEM?
What we know now is that if the 1st principle of social psychology is “Intuitions come first, strategic reasoning follows,” then
“Psychology (or psychological profile) comes first, intuitions follow.”
We ARE wrong to be thinking, categorizing, analyzing, and concluding based on outdated anachronisms based on which side of the room proponents sat (i.e., left or right),
What if, they asked, reason DIDN’T evolve to help us find truth?
What if, instead, it DID evolve to help us WIN ARGUMENTS; persuade others that OUR intuitions are the RIGHT ones?
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Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0