Keir Starmer giving his most important speech yet-laying out his vision for the future.
“The Conservatives say they want to build back. But I don’t want to go back. You can’t return to business as usual. And certainly not back to an economy rooted in insecurity and inequality.”
As I reported yday on NN, Starmer's team believe that despite massive govt intervention, the Conservatives have not fundamentally changed their view of political economy. That Sunak...
Starmer says spending public wisely is important but: "Covid has shifted the axis on economic policy- both what is necessary and what is possible has changed."
More from Lewis Goodall
Firstly hardly a unique insight but hard to overstimate the difference between the two last inaugurals. America has meandered sharply along its political arc.
Biden's rhetoric reached high. Every sentence seemed purposefully...
BREAK: Joe Biden is inaugurated as the 46th President of the United States.
— Lewis Goodall (@lewis_goodall) January 20, 2021
The Trump administration is over.
...constructed to negate every political and personal characteristic of his predecessor.
And insofar as he's not Trump, that he does accept, cherish and understand democratic norms, institutions and conventions in a way that Trump never could, Biden will make a real difference.
He will change the tone and tenor of politics, not only in America but across the West. As I've said before, just replacing Trump is a substantial victory for him and will earn him praise from historians.
But that aura will disappear quickly. A governing project it will not make
But how much praise he receives and stature conferred by posterity will depend on what happens next.
Because the big overarching question for me, watching this, is which of those two inaugurals, Trump or Biden's, is going to seem unusual in the future.
The relief that many are feeling is predicated on a type of politics ending. But it is at least as possible that it is Biden ..not Trump who is the last gasp of something. Is it Trump who is the dying embers of a dying, increasingly powerless old white America...
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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
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.