'til Human Voices Wake Us. Everything has gone to hell on roller skates. OJ is at all-time record highs. So do I give up on commodity trading? Shoot myself? My broker? No. This is neither the first nor the last time I've come to grief. There can be no gain without risk, and sometimes what you risk happening happens. So I take a page from both Kipling and Sinatra, pick myself up, brush myself off, and start all over again. Mean time, I have 85 days for the price of OJ to go down, but in the interim, that's not how I'm paying for groceries. One thing I have gained, though, besides newfound respect for the Lawrence Welk formation that I should have waited for, is a spreadsheet. I designed it to track options by the usual stuff, such as Delta and Gamma numbers, Black-Scholes theoreticals and implied volitility of out-of-the-money options. I also trace on a daily basis the volume of options traded and the open interests in each option (both the one I bought and the one above and below, and the call options of the same strike prices). This is worth watching just to understand how markets work and learn how to trade better next time. That's one thing that Kipling and Sinatra forgot to mention: If all you do is pick yourself up and start all over again without learning anything, you may be a man my son, but not a very smart one, and unlikely to improve your luck, either.
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Ben Maxwell's comments and observations
About Me
- Name: Ben Maxwell
- Location: Orlando, Florida, United States
Ben Maxwell is the nom de plum of a chassidic novelist, poet and freelance writer who runs a home business in the suburbs of northern Orlando. He is the author of Roanoke, a novel about a second civil war, and is self-publishing Two Rivers Anthology, a collection of poems on the theme of the first Gulf War. He is a thoroughly conservative Republican, and inveterate blogger.

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