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Wednesday, August 26, 2009


Today I was a boob!

Let's say you just learned a new strategy, "How to play blackjack and win."

The strategy tells you to hit under 17 and the dealer shows 10,J,Q,K.

So you have 16 and suppose to hit. Then you start to second guess.

Only A,2,3,4,5 will keep you from busting.
You stayed and the next card was a 5.

Don't you feel like a boob?

That's exactly what happened to me today.
Purchased AAPL 165 put for 3.2 with exit strategy of 1 point profit.
Got scared and sold it for 3.50. Now guess what the high was.

Having a strategy is one thing, executing is another.