Q&A
What's one piece of data or one indicator you check every single morning before the market opens? And would your trading actually suffer if you stopped?
The speaker checks news from various sources (X, etc.) and mentions that the market's movement surprised them, leading to questioning their own market feelings. They suggest that the data they rely on includes news and market indicators, and they mention the Russell and Dow as additional indicators.
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Actionable takeawayCheck news from various sources and consider market indicators like the Russell and Dow for daily trading decisions.
Q&A
How has your risk tolerance changed from when you started trading to now? Was that a good change or a bad one?
The speaker's risk tolerance has significantly decreased over time. In the early days, they were risking everything daily as a market maker, but now they have a much lower risk profile as a retail trader. They acknowledge that this change was necessary and beneficial for long-term sustainability.
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Actionable takeawayRisk tolerance should evolve as traders gain experience, moving from high-risk, high-reward strategies to more conservative approaches for long-term success.
Q&A
Is it a disadvantage or a blessing in disguise to not check on trades often because of work?
The speaker suggests that if P&Ls are showing success, it's a blessing in disguise as it prevents over-adjusting. If P&Ls are struggling, occasional checks on a phone might be necessary.
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Actionable takeawayAvoid over-adjusting by trusting your P&Ls if they are performing well, even if you can't monitor trades constantly.
Q&A
Will the June 2026 retail sales increase of 02% be revised higher in the next report?
Revisions are common, but the speaker does not follow the number closely and cannot determine if it will be revised higher or lower.
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Actionable takeawayRevisions to economic data are common, but the speaker does not provide a specific prediction.
Q&A
What is the speaker's opinion on the revision of the number?
The speaker believes the number is likely to be revised higher, with a 58% probability, and mentions that revisions are common.
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Actionable takeawayThe speaker suggests that the number is expected to be revised higher, indicating a potential upward trend.
Q&A
Why when I go to hit a bid does it always disappear?
The speaker is asking why the bid disappears when they attempt to hit it, suggesting that the bid might not be accurate or available at the time of the trade attempt.
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Actionable takeawayThe bid might not be accurate or available at the time of the trade attempt, which could be due to market conditions or platform issues.
Q&A
What is the current price of SLV?
SLV is up 50 cents, which is a decent size move. 1%, but it probably was down when he looked at it.
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Actionable takeawayThe price of SLV has increased by 50 cents, indicating a positive movement.
Q&A
Do you still have a Netflix subscription?
Yes, the speaker does have a Netflix subscription.
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Actionable takeawayThe speaker has a Netflix subscription.
Q&A
do you think it's good or bad or indifferent for customers?
For customers, the end user or traders like me as a trader, I think it's a great thing. I know, but you have to ask, you have to tell me which where am I going?
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Actionable takeawayThe speaker believes media consolidation is beneficial for traders but raises concerns about consumer impact.
Q&A
Is media consolidation creating a new trading landscape or just reshuffling declining assets? How should traders approach options run on certain deals for regulatory outcome even after DOJ clearance?
Media consolidation may create a new trading landscape, but traders should be cautious. They should consider regulatory risks even after DOJ clearance, as seen in the Paramount Warner Brothers deal, which is being challenged by 12 states. Traders should be aware that regulatory risks can persist and that prices may not necessarily reflect the true value of assets post-deal.
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Actionable takeawayTraders should approach options on deals with caution, considering ongoing regulatory risks and potential price fluctuations post-deal.
Q&A
Do you look at taking that money differently as a company?
The speaker suggests that taking money when possible is better than when needed, as it can lead to a better valuation.
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Actionable takeawayTake money when you can get it, not when you need it, for better valuation.
Q&A
Did you like the market action when the SPOS were up around 45?
The speaker was not bullish and the market action was not great.
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Actionable takeawayThe speaker was not bullish on the market action when SPOS were up around 45.
Q&A
Is there any advantage of trading options futures futures options versus stocks ETF options?
It depends on the product. For example, Natty Gas is traded via futures options, while SPX and SPY are options for stocks. Tax advantages exist for SPX, but the speaker recommends trying both and staying with what feels comfortable.
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Actionable takeawayChoose between options, futures, or ETFs based on the product and personal comfort.
Q&A
What is the significance of consumer sentiment in the market?
Consumer sentiment is significant because it reflects real-world decisions that impact markets. Even though it's a survey, it provides insights into how consumers are making decisions about spending on essentials like gas, food, and medicine, which can influence market behavior.
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Actionable takeawayConsumer sentiment can provide insights into real-world decision-making that may impact market behavior, even if it's not directly tied to specific financial instruments.
Q&A
What is the impact of macro events on markets?
Macro events can have a significant impact on markets, even if they are unexpected. However, the extent of this impact is uncertain and depends on various factors.
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Actionable takeawayMacro events can create opportunities for traders, but their impact is uncertain and depends on various factors.
Q&A
Is there still correlation between rates and bonds from '08 till now?
Bonds and interest rates move inversely. However, there is uncertainty about the current correlation, with some suggesting that both are doing a little bit of this. The speaker believes that bonds are going to break, and markets are going to break as well, with interest rates going up.
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Actionable takeawayThe correlation between interest rates and bonds is inversely related, but there is uncertainty about its current state. The speaker suggests that bonds and markets may break, with interest rates rising.
Q&A
What's the best management strategy for a putback ratio?
A putback ratio strategy with AVGO can be used to manage risk and potential profit. The speaker suggests buying the 310 put if the trade is no longer desired, creating a free butterfly with potential profit.
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Actionable takeawayBuy the 310 put to create a free butterfly with potential profit.
Q&A
Are we going to make it?
I think so.
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Actionable takeawayThe speaker believes they will make it.
Q&A
Is there ever a time to take a symbol off your screen or put it in the penalty box?
Yes, if you find that you're pushing on a string, meaning that regardless of what trades you make, you're just spinning your wheels, not making or losing any money, it might be time to put this symbol in the penalty box for some short period of time.
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Actionable takeawayIf a symbol isn't yielding results and you're not making progress, consider temporarily removing it from your screen to avoid distractions and focus on more promising opportunities.
Q&A
What's the problem?
The problem was that customers had long positions in Google (GOOGL) with a straddle that expired worthless, resulting in a significant loss for the firm.
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Actionable takeawayLong straddles can expire worthless if the underlying stock doesn't move significantly, highlighting the importance of proper risk management and position sizing.
Q&A
Any questions for any of us
You can send questions.
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Actionable takeawayAudience can send questions to the hosts.