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All My Luck Is Thrown

All My Luck Is Thrown

You buy a stock. It goes up. Was that luck or skill? I think it kind of depends on who you are.

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The Zipper

The Zipper

I had a neighbor come over to watch me trade this week.

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Feeling a Little Stress?

Feeling a Little Stress?

Back in January 2024, I published a book about how to minimize financial stress. You might have heard of it. It was called No Worries.

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Walking Off a Hero

Walking Off a Hero

The dream of any option trader is to buy some cheapie call or put option and have the stock or index go massively in the money and walk off a hero.

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Options Trading Brings Mountainous Man to His Knees

Options Trading Brings Mountainous Man to His Knees

Back in 1997 or 1998, my market-making firm on the Pacific Options Exchange was in search of a trader to run the LMM (Lead Market Maker, or specialist post) on the floor of the exchange.

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More on Options: Managing Risk

More on Options: Managing Risk

Options market makers don’t even really hedge deltas anymore on individual trades—it all goes into one big mathematical soup. It’s very hard to compete.

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