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In today?s special article, author Steve Smith shares how his divorce benefitted his trading portf
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In today’s special article, author Steve Smith shares how his divorce benefitted his trading portfolio. Read on to access the full article. March 23, 2021 [Option Sensei] [How My Divorce Helped My Trading]( During the first few months of dating my soon-to-be wife (and later-to-be ex-wife) and I would ask each other why we were so drawn to each other. Sure, there was the physical attraction, a similar upbringing that gave us common experiences, some mutual friends, and most importantly — a general agreement over — how shall I say, moral and intellectual issues. However, when it came to personality and attitude were total opposites. Without going into a therapy session, which we did, she leans towards rigidity, literalness, and high efficiency. Me? Not so much. But, we rationalized that we'd make a great match not despite these differences, but because of them. More specifically, we'd balance each other out to form a perfect union. Ahh true, blind love. [Learn about the service that our market experts are ranting and raving about — The Options360 [Access Your LIMITED TIME OFFER*]]( Then, the children came, and my ability to dismiss her “crazy” by simply saying 'you have your style and I have mine.” I became incompatible with her counter, 'you're gonna kill the baby swaddling her like that!'” However, I'm getting ahead myself. We got engaged in 1999; I knew enough not to opine on the dot.com craze. But, I did notice 85% of her assets were inherited Pfizer ([PFE]( shares. So, I explained that if you love dividends, you're going to love [writing covered calls]( which will boost the dividend income three-fold. PFE proceeded to rally 350% over the next three years. My rolling of the call options barely made up for the foregone gains of just owning the stock. We lifted the overwrites in 2005. My next brilliant macro move was in 2006. Short the homebuilders. I was right, just about two years early. Adjustments, and explanations, did nothing to lessen the pain nor convince her to stay the course. She'd seen enough and in the best odd couple voice said, “GO!” They hit an impasse, and Steve's access to the joint account was revoked. But, it has a happy ending and some lessons to be learned. Twelve years after our divorce, I'm happy to report that we have an amicable relationship, working in our own way to love and support our children, who are now thriving teenagers. Here are the three things that I've learned from my divorce (Although, I'm sure there are many, many more.) [Claim your special $19 offer on the trading service that's turned a profit every year since it started — The Options360 : [2015: 122%] [2016: 39%] [2017: 61%] [2018: 67%] [2019: 77%] [2020: 46%] [2021: 20%]]( - Stick with your style. That means you must be true to both your own comfort level as it relates to risk and goals.
- Do not be dismissive of other viewpoints or approaches. You may not adapt or make use of them but they're usually valid and often provide insight. Any good system analyzes alternatives. This is the best method for finding flaws and bolstering your own models.
- Be flexible. I still make mistakes. I know my style (and personality is not everyone's cup of tea). However, keeping an open and flexible mind is the key to success. In other news, the Options360 Service just enjoyed the best two weeks of the year. I credit that to my willingness to shift to a shorter time frame, taking both profits and losses in a matter of days — and mixing in some bearish position as the market has wobbled near all-time highs. The Options360 is now up 21.1% for the year-to-date! But, the best news is my children are coming to visit me in FL in two weeks. Their mother will join them… and that is great too! [[Last Chance] Test-Drive the 6-year-old trading service that has NOT LOST IN A SINGLE YEAR — The Options360]( SPONSOR [The Best Way To Play The Bitcoin Boom]( Since January 1st, the price of bitcoin has already soared by 93% and this rally is just getting started. As more institutional money flows into the cryptocurrency, the sky's the limit. That's why Wall Street is pouring billions into this new technology. [And why one little-known Canadian firm is ripe for a breakout.]( Copyright © 2021 Mesh Publishing | All rights reserved.
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