This is one of my favorite trades: Look for a day where there can be a big move (end of quarter rebalancing, earnings, big event) and look for SPX Calls and Puts that are around 30 points out. So today it was: 5737 SPX 5705 PUT for .55 SPX 5765 CALL for .55 As you can see this prices were around 2PM EST so 2 hours before market close. I also like to wait for last hour and pick them up for .30 Today the PUT went from $.55 to $11+ within like 15 minutes. $SPX $SPY $NDX $QQQ

As you know we love to say: Sometimes the best trade is no trade at all. Its friday, we had a positive week, we have already a potential trade of the day for Monday. These are the reasons which let you be more calm on the sidelines. Its one of the hardest things in trading to sometimes dont trade at all. Everyday there is so many news, so many stocks that go down and up, so many ideas. I believe that the Japanese perfected some of the minimalistic approach: 「少ないことは豊かなこと」 (Sukunai koto wa yutaka na koto) "Having less is having more." For trading this can translate to: Having less trades, is having more profits. Even Warren Buffet is a big fan of investing less with his story of a punch card: https://youtu.be/1rLjPxpptTw?si=p7BN9VpjulaHNXjC 「引き算の美学」 (Hikizan no bigaku) "the aesthetics of subtraction," For trading it would be the excellency with just a few trades a week/a month to make a fortune.

Its all about the net. What we mean with net is the following: we can have open 2-3 trades and we are green, and we dont feel it can go further into our direction OR it doesnt have much time left to develop, then its ok to sell it all. Green is green. The next opportunity comes tomorrow. So TSLA didnt wanted to go over 260, everything looked a bit of toppy, so why not close it with half less what we made double on NVDA? Still a great day and great trades. Why risk a -100% on TSLA +42% on NVDA and be -58% on the day? Which would mean approx -2.5% for the port? When we can close everything at +1% for the day? Thats a 3.5% difference in portfolio. One decision!