space trip trade – Page 5 – Travels and Trades

I pledge to post 15x a month :)

I am making a pledge to myself to post at least 15 times a month :). I keep letting this go but I find it is a cathartic healthy activity that I need to focus on. It has benefits re accountability and maybe it provides some value to the readers. I just had a baby (third) so I’ve just been in this distracted state after 4pm. I love tending to this and I hate that I often let it go.

Re trading: nothing too exciting. I am up to 450 or so units on the STT which is something I guess. It’s been such an adjustment (for the better). I no longer wake up a few times a night to check futures and I don’t need to check the phones often outside my normal adjustment period during the day. My obsession with market technicals has gone down too! Love it. The trade is just so damn docile compared to other trades. It’s literally the perfect trade for my style. It’s gone from reacting in real time to market events to evaluating market events over a longer period of time and creating a plan for adjusting the following day in a much less stressed way.

I’ve still got on one last unit of Rhino (april) that I has very minimal upside risk left. I’ll still put some of these on bit only opportunistically.

I am trying to mechanicize the management of the STT and BSH re having a large account and this is what I am working on currently. This has everything to do with the financing the BsH. A new idea emerged that I quite like.

We are doing a 3 month Europe trip again come May 28th with a newborn and a 5 and 7 year old. Should be fun! We will get an au pair to help us out (university student that wants a free summer trip). Probably do Poland, Germany, Slovenia and Italy again.

I’ve got two more poker tournaments coming up. I’ve been studying and practicing quite a bit. I want that main event final table. That’s the goal. I will get it soon come.

Tomorrow I will post the screen caps of my current trades.

155 Unit STT

Been a while again…regretfully

I was traveling over the holidays. Ended up buying a piece of land for a cottage and a new Model X Tesla P100D. Then to top it off, I then flew to Bahamas to compete in a few poker tournaments including the Stars main event championship.

Poker went pretty awesome. I got a 1st place finish and a 62nd in the main event only to be busted out when I had AA vs Ryan Riess’s AK. I was a 93% favorite after I 4bet shoved but he caught 2 kings on the flop and I was eliminated. Bad beat. But I walked away with about 15k for my efforts.

I can tell you despite the good results, it didn’t feel that great. My chip stack was healthy as was the villain (Ryan Riess). I was a huge favorite and I am confident that with my style of play, I’d have made the final table with that win. As well, when he called my 4bet shove with AK, we had to wait several minutes as the photographers, tv crews and some writers came over to analyse the hand. So I was sitting there, super excited, knowing I was a 93% favorite ..basically already counting my chips and smelling the final table only to have KK flop. Brutal.

I might have to add in a section on this blog for poker as I am now back at it and will be playing the circuit. Next stop WPT on Feb 9th in Montreal.

Here were some of the highlights:

In the trading world, I have moved over to doing a good % of my trading portfolio in the STT(Space Trip Trade) and BSH (Black Swan Hedge) trade combo. I got a big one on for May right now—>155 Units!

I am excited about the trade and it should be fun and interesting. I was satisfied with the back-testing and I think the trade will be my main staple trade along with a 30% combination of the ATM trades (Rhinos). I closed off most of the Feb Rhinos and have only some March and April. I’ll enter the Rhino trades opportunistically when pricing is good and use them as a hedge to to the mid 5-10% downside moves.

I’ll get a post up analyzing my current STT trade shortly. I have a few more debit spreads to add and it’ll be complete.

Stop #2 – Krakow, Poland

We flew into Vienna, spent 7 days and rented a car and made our way to Krakow, Poland. The rental car place told us we couldn’t go through Czech and possibly Poland (but they had to confirm). I told them don’t worry about it, we weren’t going there anyways lol. We did. Those types of small things give me pleasure.

The drive took I think about 4-5 hours. Krakow was one of my favourite stops this trip. Not what I expected. Everything was super cheap, people were friendly and it felt less touristy then other stops. I’ll be going back. We checked out the salt mines but not Auschwitz (next time). The vodka was like $1euro a shot for premium stuff. Delicious. of course we got Perogies several times. I am half Polish so on Christmas Eve, we eat Perogies and Cabbage rolls as a tradition.

The Salt Mines

Enjoying a big beer on a patio. Good times

The kids hanging out next to some sites

Kingstons face as I tell him about Ron Bertino’s Space Trip Trade

Looking Cool as Fuck

April Trade Updates

Below are three sets of Rhino trades for April for three different accounts of mine. There are multiple tranches in each and the risk profile is a combination of several. I am not going to do any upside adjustments to any unless RUT breaches 1035 with authority.

I started also putting on a new type of hedge trade called a “Space trip Trade” developed by Ron Bertino. This is essentially what ends up being a free hedge for large down moves but can also be an income trade in portfolio margin accounts where it takes very little margin. If the market stays neutral or falls, it’ll profit. The upside has little risk (-$600) and a 17% fall would produce 24k in about 4 months. The idea is to put on multiple tranches of this with both time and price diversity. It takes time for the profit hump to build and entering these periodically and @ different times and market positions, we should be able to get a nice hedge for our ATM trades like the Rhino and also produce some income on them as well. As time builds, we can remove our upside risk by rolling up the shorts a bit.

Here is what I have on below: