‘Houston – We have a Situation…’ (DIA)

As time wears on you, you get to noticing things that completely escaped you when you were younger. For example, it struck us recently that there are folks who tell you that they’re “good drivers.” That means they drive fast. There are others who tell you that they’re “safe drivers”. That means they drive slow. And it struck us, too, that in the options trading game, one wants to be neither too fast nor too slow, but always at the ready to close one’s trade at le temps juste – the appropriate time. He who’s in a rush to make vast wads of cash will inevitably be either too slow or too fast to shut down. Whereas he who is involved solely in the trade itself, and is not distracted by any larger goals he may have for himself and his family, or by the television set or by his dreams of yachting with the Windsors in Fiji, or any other considerations – he alone will succeed in that particular trade. And we gotta play them as they’re given to us – While we’re on the topic of successful trading, there’s an aspect of the business that’s generally given short…

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