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For example, let's say I buy $1k worth of bitcoin and send it to a bitcoin gambling site. I win another $1k worth of bitcoin and send all that $2k total of bitcoin to CashApp and sell. If all of this happened within an hr and the price of BTC only went up/down by MAYBE a couple dollars...how is that taxed? Since this bitcoin came out of nowhere from cashapp's perspective, how is capital gains calculated? Will I be taxed on the entire $1k of earnings since there is no "buy" price to compare from the "sell" price? Or instead, will the "buy" price BE the price of BTC when the $2k worth of bitcoin was transferred from the website to cashapp? Idk, its kinda hard to wrap my head around. BTW, I'm in Cali and a student so I'm in the lowest tax bracket for reference. PLZ help !
For example, let's say I buy $1k worth of bitcoin and send it to a bitcoin gambling site. I win another $1k worth of bitcoin and send all that $2k total of bitcoin to CashApp and sell. If all of this happened within an hr and the price of BTC only went up/down by MAYBE a couple dollars...how is that taxed? Since this bitcoin came out of nowhere from cashapp's perspective, how is capital gains calculated? Will I be taxed on the entire $1k of earnings since there is no "buy" price to compare from the "sell" price? Or instead, will the "buy" price BE the price of BTC when the $2k worth of bitcoin was transferred from the website to cashapp? Idk, its kinda hard to wrap my head around. BTW, I'm in Cali and a student so I'm in the lowest tax bracket for reference. PLZ help !
For example, let's say I buy $1k worth of bitcoin and send it to a bitcoin gambling site. I win another $1k worth of bitcoin and send all that $2k total of bitcoin to CashApp and sell. If all of this happened within an hr and the price of BTC only went up/down by MAYBE a couple dollars...how is that taxed? Since this bitcoin came out of nowhere from cashapp's perspective, how is capital gains calculated? Will I be taxed on the entire $1k of earnings since there is no "buy" price to compare from the "sell" price? Or instead, will the "buy" price BE the price of BTC when the $2k worth of bitcoin was transferred from the website to cashapp? Idk, its kinda hard to wrap my head around. BTW, I'm in Cali and a student so I'm in the lowest tax bracket for reference. PLZ help !
I gotta say, I see some good shit out there. I see new members trying to diversify their positions and learn about other stocks and other ways to make money. This is the path my fellow retards. I'm a nobody here, but I have good returns and some good insight. When I came to WSB, multiple people helped me figure out what the fuck I was doing, because I knew jack shit. I care more about my money than yours, but no retard should be left in the dark alone. So let me pass on a couple things. I can't prove shit to you, so read this or don't. I mainly trade options (Calls and Puts), so that is what I will discuss Generally the most insane gains will come from being in a specific stock and not an ETF or Index. While riskier, this is where you can hit the homeruns. So decide if you want to go for conservative gains or if you want those huge swings. While what I said is true, I am usually against putting everything into a single bet. Anything can go wrong at any time and no play is 100% guaranteed. The goal of this game is to stay alive. You will lose money on a play at some point, because it is inevitable. So never let yourself get wiped out, because you can always build yourself back up. This goes along with one of my other recommendations: always have SOME cash ready to go. You never know when there might be an incredible opportunity and you do not want to get caught with your ass hanging out. Paper hands and diamond hands are just words. You ultimately decide when you want to sell or hold and how much profit you want to take. One of my favorite strategies is to say, buy an even number of options on a play, sell half at a modest level of gains (like enough to break even or gain a little bit) and then let the rest ride longer. Look guys, on many plays, you either paper hands at some point or diamond hands long enough to see your positions go red. Some people will bail at 40% gains and others might not take anything less than 500%. Just know that chasing endless profits ups the risk factor, so YOU decide when it's time. Having a target share price for the stock is also a good strategy. Here's a couple psychological principles in investing. Studies have found that people tend to hold onto losing positions too long and sell winning positions too early. They let their losers lose and cut off their winners short. Apparently most people hate losing more than they like winning. Think about this before you sell. Stocks can often get hot and run multiple days in a row. Sometimes a stock will have one red day and then keep up going. This is why it's important to know WHY you got into a position. Trust your DD and stick to the plan. I had ideas for plays where they went red right away and I bailed... only to see them moon. "Diamond Hands" means that you don't dump your position instantly if it goes down. The hardest thing is knowing if you should cut losses or diamond hands. I'm a retard and we're in a bull market.. so often times the stock will eventually go up. Your call though. The market makers and big boys want you to lose. They want your money. I'm not going to dive into the realm of possible illegal activities that they may use, but just point out some simpler tactics they will use. Big money often sees retail as "weak hands" aka Buy High and Sell Low. They know FOMO is strong when a stock is going up big and that fear takes over when a stock divebombs. We're in a bull market, which means stonks only go up. However, we still have negative days. Stocks sell off sometimes and things can look bad. Generally, the dip is not time to sell, but instead, time to buy. Case and point, we had a pretty big drilling 2 weeks ago. Do you know what the big money did? They bought the fuckin dip and snatched up everything for cheap. We've been mooning ever since. Sometimes shit makes no sense. A company can have blowout earnings, exceed expectations, and the stock will tank. I was holding one stock a little while ago that reported a fantastic earnings and proceeded to drill to the core of the Earth that day. It was total bullshit and I knew it, I trusted my DD. So instead of panic selling, I added to my position. Sure enough, the stock began swinging upwards and hit an all-time high just 2 weeks later. This is why simply gambling can bite you in the ass. It's easy to get scared and sell when you doubt yourself because you picked a random thing to buy. Option Expiration Dates matter. Buying a 1 week option is the cheapest and gives the biggest percentage of profits if it goes your way. However, it can often be a noob trap. One bad day or one piece of bad news can kill your entire position. Stocks trade sideways sometimes. Sometimes they don't do what you think they should do. And sometimes the whole fucking market shits itself for seemingly no reason. So give yourself TIME to work with. Time costs money and hurts profit margins. But it is better to consistently make 50% profit than to hit one play for 300% followed by 10 losers. Look, playing weekly stupidly OTM calls is fun as hell and is a huge rush when it hits. I do at least one or more every week. The key is not loading your entire portfolio into this shit. Remember, no tendies = no more fun. Along the same lines, Strike Price matters. An OTM (Out of the Money) option means that the Strike Price is a bit of a ways from where the stock's price currently is. OTM options give huge profit margins the further you go out. I personally enjoy using them.. some people don't. But my advice is to balance risk with profit potential. If your call relies on a stock gaining 50% in 2 weeks.. then well, it's probably not gonna happen. ITM (In The Money) options means that your stock is already within the strike price. ITM is a more conservative play and sacrifices massive gains for lower risk. https://www.optionsprofitcalculator.com/calculatolong-call.html - Use this to get an estimate of potential profits and how much of a move you need Leaps are fuckin dope. A Leap is a call, but for a much longer period of time. I'm using the term loosely because we're degenerates and some people might consider anything more than 1 month a leap. Given that the market trends up over time, you might even make some money on a mediocre stock this way. A lot of people buy ITM leaps, but again, I'm a degenerate and go OTM a lot. Implied Volatility (IV) - Extremely fucking important. IV is basically an estimation of how much a stock is predicted to move in either direction. High IV = Expensive Options. It's fucking weird to think, but you can make similar profits from a 2% move on a low IV stock as you can from a 5% move on a more volatile stock. Low IV is fantastic when buying an option on a stock that you think is about to moon. High IV is riskier, so you damn well better think the stock can make some big moves. Buying an option on a stock right before Earnings Report (ER) will be more expensive due to IV. Trying to play ER is usually for suckers, unless you have some really good DD about why a company might deliver a huge surprise. One of the textbook big boy moves is to pump a stock going into ER. The company will deliver great news and then dump hard. You may see people bitching about this very soon. Basically, big money knew ahead of time it would be good, so the stock got pumped and then they took profits. Buy the rumor and sell the news. Events, press releases, and important dates that everyone knows about are another trap. You will get shit on. Ask someone about TESLA Battery Day. Positive rumors will send a stock soaring though. Finally, get busy learning. Read about Options on Investopedia and any other things you do not understand. The big boys rely on us to not know what the fuck we're doing to take our money. Learn about the general market. Stocks are grouped into "Sectors" or categories. Start figuring out what they are and pay attention to where the money is going. I didn't even mention half of the shit that goes on in options, so that's on you. The first thing you need to do is to learn what the "Greeks" are. That will teach you how options function. https://www.investopedia.com/trading/using-the-greeks-to-understand-options/ If anyone wants to talk or discuss, send me a message. I'm a degenerate with no life. Oh and, if you follow someone's DD and lose money that's on you. I've come up with some genius shit, but I've also lost on some retarded calls. Nobody can pick you a guaranteed winner and hindsight is 20/20. May the gains be with you
A Gambler's Guide to GME. How to use Expected Value to Help Make Decisions.
I am not a financial advisor. This is not financial advice. If you are gambling with money that you need to survive, you are acting irresponsibly. I am doing this ONLY with the speculative part of my position (which is all of it, but still true) and this post is referring to that speculative portion. The expected value (EV) is the anticipated value for an investment or speculation at some point in the future. You calculate all the positive outcomes multiplied by their likelihood of occurrence with the negative outcomes multiplied by their likelihood of occurrence and you will have your perceived expected value. If the number is negative, you are better off getting out and cutting losses. Gamblers win by making positive EV decisions, even if sometimes you have the nuts on the turn and then a fish flops a flush on the river. Expected Value (EV) = ((Total Negative Outcomes)*(Likelihood of Occurrence)+(Total Positive Outcomes)*(Likelihood of Occurrence))
If EV>0 HOLD! DO NOT FOLD! I might consider buying more with funds that I can stand to lose.
If EV=0 Grey Area. You aren't really making a big mistake no matter what you do.
If EV<0 Accept that you lost, time to cut losses and fold. If you are honestly here by your appraisal of the situation, sell. Yes, I said it.
With this speculative portion, the amount that you have already put in is a sunk cost, if you paid $420 a share or $5 a share, that amount is gone. We will only look at the price that it is today. For simplicity, let's say it's $60 right now. So let's say I think that the lowest this stock can go is $30, due to favorable coverage and impressions among zoomers and millenials, who are the primary demographic, along with news of the new internet-savvy hires, the Chewy guy and all that. So negative outcome of $60 to $30 represents a 50% drop. What's my target price? Let's say its $1000, representing a gain from our example's current price of 1,566.67%. Likelihood that it hit's $30 before $1,000, idk, let's say I estimate a 95% chance of that happening first. EV =(-50% loss from current level)(95% likelihood)+(1,566.67% gain)(5% likelihood) EV=(-.5)(.95)+(15.6667)(.05) EV=((-0.475)+(0.7833))=0.3833 (Expected EV is positive from our assumptions, I should HOLD!) And the fabled $69,420? I'm not gonna write out the math on this, but it turns out that the perceived breakeven EV is with a 99.96% chance to fail versus 0.04% chance to succeed at this level. If I thought that the chance of this succeeding was greater than 0.04%, not 4%, 0.04%, I should at least HOLD my position. “SO YOU'RE TELLING ME THERE'S A CHANCE!” “YEEAHHH!” -Lloyd Christmas Now someone might tell me that my assumptions are wrong; that the drop is more or less likely than I presented or could be more (or less). That's fair. I might be wrong, but this is what I am looking at and the way I am looking at it. Do your own DD. (edit: bolded this for all the retards that wanna fixate on the assumptions in my example. I used what I feel is a pessimistic likelihood for effect.) Anyway, hope this puts things into perspective. The Hedge Funds want you to fold your hand at the lowest point possible, because that is positive EV for them. If you can afford to gamble (er, this is the stock market, so um, let's say speculate), these are things to think a bout. TLDR: Based on assumptions of worst case scenarios and their estimated likelihood, along side current prices & target goals, you can make math-based decisions on whether you should sell or hold.
Debrief From My Third Annual 100 Hearts in 30 Days Challenge. (127!).
Hi, I’m sharing data from my recent 30-day a20 heart kill challenge. I was able to kill 127 hearts in 212 runs, a substantial increase both in total hearts killed (previous best was 102) and winrate (don’t remember previous but it wasn’t very close to 60%). This is my third time attempting the challenge. It’s mostly just a ton of fun. It isn’t intended to be a competitive category and I’m sure that it’s possible to go much higher still, especially with strategies that sacrifice winrate, for example forfeiting at the end of bad act ones. Runs are played rotating through characters. I started on Ironclad and ended on Watcher. These runs can mostly be interpreted as me trying to win as often as possible, with the obvious caveats that I’m also trying to complete runs in <1.5 hours and playing 8+ hours a day without a day off for 30 days. Quite a few runs in the dataset were lost to simple calculation errors because my brain was melting, or to not pursuing lines which would trade time for marginal advantages like a better number on Ink Bottle. On a more macro level I tended slightly toward taking high-risk/high-reward lines in runs which were falling behind in order to either get them over with or give myself a higher chance of winning if I continued - stuff like taking more Act 2 Elite fights, fighting Double Orb Walkers, etc. - I don’t think this had a large effect on my winrate (mostly I did this in spots where both options seemed very close in value anyway) but it’s worth noting because it is different from how I’d play when trying to purely maximize my chance to win. You also may want to ignore the runs where I bought Prismatic Shard or took early Signature Move and tried to kill every enemy with it if you’re interested in analyzing “serious” play xD. But I think there are only three of those or something like that. I have been known to meme a little at times. Link to Folder of Run Histories Link to IMGUR album of in-game Run History screens Overall thoughts on the attempt: It took me a while to switch into 1.5-hour run mode. I’d been playing 2-3hr runs for the last 4 months, and the first few days involved a LOT of calculation errors and turns where I spent a long time looking for very specific lines, which works if I’m giving myself a comfortable amount of time to play but fails when I’m time-crunching myself. There were turns where - for example - I’d look for lethal for five minutes when it was immediately obvious that I could just full block and kill next turn, or spend five minutes trying to work out a good reshuffle that was only ~5% likely to be doable to begin with, and spending mental energy on these lines compounded into making mistakes when I didn’t make time to spend mental energy on the things which were more generally important in the run. To give you a numerical idea, I started the challenge 39w-41l over the first 80 runs. Variance definitely exists in a dataset of that size, but that is a LOT worse than how well I was doing once I settled in. Once I dialed in I started doing much better. Especially in the middle of the challenge, lines felt effortless to find and maximizing the minutiae of the game (Ink Bottle on right number types of things) was often automatic. I also started to vibe very well with the limits of each run - there were very few runs where I was dying to elites I could have avoided, or building decks which ultimately couldn’t handle the late-game boss gauntlet. Some of the wins in this period were VERY good wins which I’d be proud to have played even in a non-challenge settings. I managed 52w-26l rotating during this period, including holding 75% winrate for 50+ runs, an 11-0 rotating winstreak (new world record at the time - congrats to Baalor and Terrence, who managed 11-0 and 13-0 respectively later in the same week! Completely insane!, and to CrimsonBlur who managed 10-0 last year on a much harder patch), a 12-0/18-1 Watcher streak (new personal best), and a 9-0 Defect streak (one run short of my previous best from late last year). My Silent and Ironclad did quite well here too. I’ve had moments when I’ve been sharper on calculations or more dialed in on specific characters, but in terms of overall rotating play this is the best period of play I’ve ever managed. Then there was the decline. Turns out doing this involves some mental fatigue. I put a ton of my remaining mental energy into my 11-0 winstreak and never got back to full. I closed out the challenge with 23w-17l, including MANY losses to extremely simple mistakes. Things like not resting before an elite when it was very obvious I was taking 30+ against Gremlin Nob, or entering Wrath with no way to leave it on the turn before the Heart attacked me. What was most interesting to me during this final “exhaustion” period was how many runs I lost on Defect and Watcher to misevaluating my deck’s ability to perform in important fights. I don’t usually have to think at all to be able to have a good idea of whether my deck can win a fight like Book of Stabbing or Time Eater, but at this point in the challenge I was often getting things like that completely wrong, or my brain just wasn’t even registering that it needed to consider them. These mistakes were accompanied by building some quite bad decks which leaned heavily into trying to do things that weren’t actually good enough to overcome the challenges they faced, and an uptick in calculation errors didn’t help at all. I finished the challenge VERY tired but very glad to have committed to it. One of the most enjoyable months of my life, and there were times in there where Slaying the Spire felt like seeing the Matrix. I can’t wait to do it again. Ironclad-specific thoughts (25w-28l): I was 15-5 over my last 20 with Ironclad before the challenge and was expecting to win a lot with him, but I ran poorly and played poorly for a lot of the challenge. Probably the simplest way to describe it would be that I had a string of runs with poor Act 1’s, which led to me overcompensating and putting too much stuff into my deck for Act 1 and Act 2. Then I died a lot to Act 3 and 4, whoops. I adjusted properly for the middle of the challenge, then fell off a cliff when I started getting exhausted. I think the fact that he got played after Watcher runs, which are often calculation-heavy and also which often impose a sense of invincibility on the player, didn’t help much. I relic-swapped the vast majority of these runs, which I found to be less good than it used to be with the buffs to self-damage synergies. Toward the end of the challenge I was only relic-swapping if there wasn’t a very good other option. I still find that Ironclad performs very well on 4 energy, but it’s rough that his character-specific relics aren’t great and that the sustain from his regular starter relic matters a bit more now that Rupture and Hemokinesis are so much better, since you're often taking extra damage in hallway fights in order to have extra power in boss fights. Most of my Ironclad wins are built on strong Act 1 relics and boss relics. His synergies mostly don’t feel strong enough to win on their own, unless you assemble a Corruption or Barricade exodia and/or get multiple Offerings to get everything online. It’s hard to draw cards with him to accelerate your deck, and it’s hard to deal damage without taking damage and hard to block while achieving anything else. It also lowkey tilts me that several of his best cards don’t get better in multiples. If Defect gets offered a second Echo Form it massively improves the deck, but if Ironclad gets offered a second Corruption or Barricade it’s like… maybe you take it to get it in play earlier, sure, but it definitely doesn’t let you play your first three cards twice every turn. General advice: just get Snecko Eye and Corruption every run, ideally with Reaper and Feed alongside. Failing that, the best ways to combine damage and survivability are usually going to be Strength + Reaper with some passable Block cards and good Max HP or Block + Anything; Body Slam isn’t the be-all end-all here, if you have the ability to survive turns with copies of Shrug It Off+ and Exhaust + Feel No Pain you have enough time to kill enemies with a variety of things. Silent-specific thoughts (34w-19l): Not a fan of the Blade Dance buff. Prior to it Silent was possibly my favorite character. The tension between generally needing attack-based damage to survive Act 2 but having difficulty scaling it enough to defeat the endgame gauntlet often led to runs where every floor felt challenging (with the exception of Wraith Form runs. Imagine having a card just make the player invincible for >50% of the game). Now it feels generally easy to not only demolish Act 1 and 2 with attacks, but also scale them into a lategame deck. By the end of the challenge I was building a deck around an attack-generating common that I sometimes hadn’t even gotten one of yet instead of picking Crippling Cloud+’s I was offered, which was not a good feeling at all. I don’t think there’s ever been a common that dominated a character’s strategic space this heavily before. Keep in mind that this is alongside other buffs as well. It used to be that a deck that dealt damage with a lot of attacks needed creative solutions to Time Eater and the Heart and stomped everything else, but now it’s often the case that it just stomps everything full-stop. It doesn’t help that Silent’s starter relic plus Acrobatics and Calculated Gamble were already so strong at accelerating. Now you can play your attack common on turn 1 and discard four Shivs to draw four more cards toward your copies of Adrenaline and Footwork etc., so not only does it deal 16 for 1, count as five cards for Ink Bottle, play four attacks for Shuriken, and have the ability to be targeted at separate enemies, but it can also combine with a strong Uncommon to be Skim+. This is too strong :/. General advice: Take enough damage cards/relics to kill things and then make sure you can survive 40 incoming damage on the turns you need to - relics and potions are sometimes all you need, but damage options are also so strong that you can get away with dedicating a significant portion of your deck to mitigation. Also: don’t Relic swap unless the other options are incredibly bad. Bag of Preparation is insanely good and with this character you can get two. Defect-specific thoughts (29w-24l): Defect is a beautiful character right now and often provided the most entertaining run of the day. The general yin-yang pull of needing to be able to survive vicious fights in Act 2 and 3 but also needing to be able to scale into a deck that beats the lategame gauntlet compartmentalizes into lots of interesting decisions about when it’s okay to add so-so orb-scaling cards to your deck, and how exactly you’re going to throw together a combination of 25 atrocious attack cards, Ball Lightning, Doom and Gloom, and Electrodynamics to deal damage to things. (My advice is to just get offered Ball Lightning, Doom and Gloom, and Electrodynamics so you don’t have to think too hard. Static Discharge does okay sometimes too). I love the way runs “typically” revolve around fairly normal attack-based clears of low-hp enemies into fairly normal block-scaling to survive lategame fights long enough to kill them however you’d like, but sometimes completely go off the rails. I got to play a ridiculous 3x Hyperbeam/3x Meteor Strike run (without Snecko Eye), for example. I also love being offered Stack. Hello World + Stack scaling led to a couple of other immensely enjoyable wins. It’s very funny to me to have a Defragment+ and Glacier in my deck, be thinking “oh yeah, I have premium uncommons that block super well!”, and then be offered Stack and be forced to admit that an unupgraded common usually blocks better than they do. I think Defect is the best-positioned character in terms of Whale Bonus balance right now. I’ve found it to generally be correct to relic swap unless there is a very strong alternative or a path which allows me to get a lot of value out of my Lightning Orb. General advice: Kill early and midgame stuff with whatever option gets in the way of your lategame scaling least. Compile Driver and Sweeping Beam draw cards, Electrodynamics and Static Discharge remove themselves from your deck (also Static is OP with Frost Orbs against multiattacks), Ball Lightning and Doom and Gloom are 2+ attacks worth of damage in one card, etc. Then make sure you scale and can accelerate into that scaling. Fission, Seek, Skim+, Turbo+, Bag of Preparation, Bottles, etc. to get your deck to a point where it’s outputting 40+ block per turn and the run is over. Watcher-specific thoughts (39w-14l): The great thing about Watcher is that almost every run you lose is entirely your fault. Probably somewhere between one and three of these runs were lost to an unlucky result of close-to-correct play, and every other one was me building my deck wrong for a fight, piloting it wrong, picking the wrong potion or relic, etc. I haven’t generally enjoyed Watcher in the past, and have mostly not been playing her for the last year (or when I have I’ve been occasionally forfeiting Act 3 because I’m bored of clicking on Cut Through Fate and Tantrum over and over again), so I felt like I actually learned a significant amount about the character in this challenge. My general Watcher-heuristics right now are: Pretty much every type of synergy draws cards, makes block, and some of them even make energy, so it’s fine to have lots of different synergies in the same deck as long as they aren’t too awkward to get rolling. If you just take the best card offered to you every time you should still easily be winning 70+% of your runs. Getting better at Watcher seems to largely be about first realizing that Talk to the Hand, Mental Fortress, Tantrum, and Rushdown are obscenely overpowered, and then realizing the ways in which every single other card is obscenely overpowered as well. (Except Pressure Points, lol). Hexaghost can kill you if you don’t take enough damage cards, Act 2 Elites can kill you if you don’t have enough health banked for them or didn't take attacks properly, Time Eater can kill you if your deck is very bad at dealing damage or very bad at blocking, and the Heart can kill you on turn 2 or 3 if you are bad at accelerating your synergies. Other than that it’s unclear that Watcher can ever die unless you click the cards wrong or get incredibly incredibly incredibly unlucky AND don't have potions available to compensate for it. I actually quite enjoyed Watcher this challenge and look forward to playing her more. The lategame gauntlets were sometimes a lot more interesting than I thought they would be, with my win to go 10-0 in my 11-0 streak being one of the coolest Heart fights I’ve ever played. It’s just a bit unfortunate that like, her cards are so strong that I take Pandora’s Box over anything, the most interesting thing about most fights she plays is working out how to Lesson Learned with Ink Bottle on the right number, and the times that you do legitimately lose are to ridiculous things like drawing three copies of Omniscience in your opening hand. (And that she’s so strong that you find yourself questioning if that was your fault and you should’ve not taken the third Omniscience so that this couldn’t happen when that happens to you). I personally tended to avoid Boss Relic swap on her because it didn't seem like I needed four energy to win anyway, and the upsides that the Boss Relics turn off often seemed more impactful than the bonuses they were providing, but you can certainly win almost every run with her by Relic swapping too. Overall Takeaways: The game is a bit easier than I’d like right now. It seems hard for the devs to add more ascensions, but balance is starting to break a bit at a20 and I hope they go very easy on the buffs in the future. The Blade Dance buff was a massive correction to a problem that I don’t think was actually a problem. I don’t like that Boss Relics are so strong that trading Boss Relic is a common start, and don’t like that the cardpools have gotten so strong that Transforming cards is generally correct. Balancing such that high-variance options are correct leads to an increase in the frequency of runs where the balance breaks very quickly. I'd personally prefer if these options were usually slightly -ev, so that they were available for runs where you needed a chance to highroll but incorrect the rest of the time. Last challenge I felt like I was engaged ~80% of the time, with ~10% of the time I was unengaged being because the run was completely won already and ~10% of the time I was unengaged being because the run was almost certainly lost and I was treading water until something killed me. This time those numbers were more like 75/20/5. Game is very very good though, and I hope you enjoy this set of runs if you decide to check them out! <3, jorbs
Greeting Theta Gang boys and girls, I hope you're well and not bankrupt after last week. I'm just now recovering mentally myself. I saw a few WSB converts and some newbies asking for tips, so here you go. V2 of my Options guide. I hope it helps. I spent a huge amount of time learning about options and tried to distill my knowledge down into a helpful guide. This should especially be useful for newbies and growing options traders. While I feel I’m a successful trader, I'm not a guru and my advice is not meant to be gospel, but this will hopefully be a good starting point, teach you a lot, and make you a better trader. I plan to keep typing up more info from my notebook, expanding this guide, and posting it every couple months. Any feedback or additions are appreciated Per requests, I added details of good and bad trades I made. Some painful lessons learned are now included. I also tried to organize this better as it got longer. Here's what I tell options beginners: I would strongly recommend buying a beginner's options book and read it cover to cover. That helped me a lot. I like this beginner book: https://www.amazon.com/dp/B00GWSXX8U/ref=cm_sw_r_cp_apa_OxNDFb2GK9YW7 Helpful websites:
Tasty Trade (TT) and Ally Invest have helpful articles and videos.
ITM: In the money; strike is below stock value. Signif
ATM: At the money; strike is just at or above the stock value, often very highly traded. Can be very effective with moderate - long term expiry.
NTM: Near the money; strike is above the stock value, but fairly close. Slightly unofficial term.
OTM: Out of the money; price is at least a few strikes from the current stock price. I would say 10-30% over stock price.
Very OTM: Not a real definition, this is essentially a lottery ticket. Cheap, but almost certain to expire worthless unless there is explosive movement.
Understand delta in general and how delta changes with ITM and OTM options.
IV, IV crush, and how IV affects pricing. In general, you want to sell when IV is high and buy when the IV is low. Increasing IV is good for held calls/puts. IV drop or crush is generally good for sellers.
Selling options can be quite beneficial. Once you have a good general understanding, lookup thetagang . Kamikaze Cash has good youtube videos on most theta strategies (linked above). I personally believe selling options (especially cash secured) is much safer and can consistently make you profits. Θ Gang 4 life.
FOMO and how to avoid chasing a dangerous trend. DO NOT CHASE FROM FOMO!
What intrinsic and extrinsic value are. Know how they are affected by being exercised/assigned and how theta affects them.
Understand that some of WSB recommendations are straight up high-risk gambling and factor in the information accordingly. Be careful with Meme stocks and the survivorship bias on YOLO plays. However, I love the sub and think it’s hilarious. It has a lot of valuable information / DD if you are comfortable with the “colorful” language. It’s also great if you like rocket ship emojis.
Basics / Mechanics
Understand the 4 "main" option types. Buying or selling a call and buying or selling a put. Spreads and more complex multi-legged option strategies are based off these in some way (see below)
You can sell calls with 100 shares of stock or if you own an underlying longer term option; see LEAPS and PMCCs later. Selling calls naked is incredibly risky and often requires Level 4 (very advanced) permissions and usually a lot of capital. I will literally never sell calls naked since I don't want to ruin my life and end up living in a dumpster eating saltine crackers.
Puts can be sold/written cash covered (cash secured), which means you have the cash in your account to buy 100 shares. Your broker will put this money on hold until the trade is closed. Puts can be sold "naked" using Margin and Level 3 (with most brokers). Your broker will hold a percentage of cost of 100 shares (often 30-40%, 100% on meme stocks) allowing you to sell more puts. This increases your available capital/power as well as increasing risk.
General Tips and Ideas:
Don't EVER leave (short) spreads open on expiration day, close them. (more details below)
Start off trading very small. Slowly build up over weeks / months. You need to get accustomed to a fifty dollar swing a day, then a few hundred, then a few thousand. You need to ensure you don't get emotional (see below). I started trading options with 5k, then 25k, 50k, and later over 100k. I added my own funds over time and used my gains to build my account. Don’t go all in immediately, that’s dangerous and unwise.
Especially as you build up the amount of money you have invested, keep it diversified among several stocks.
Don't go all in on one thing, ever. Be able to take a hit from one stock and not mortally wound your portfolio.
A company may be doing great, then there's a major product issue out of nowhere. If you are overexposed in one stock this can really hurt you.
I had to roll options I sold that were about to expire completely worthless because FDX's CEO changed and the stock took a hard dip.
Don't trade emotionally. If you realize you are emotionally trading for vengeance, you should probably exit the trade and cool off for several days with that stock. Same if you get caught up in a wave of hysteria.
Have a plan for every trade, ideally with entries / exits that are specific values, ranges, or a set condition. This helps remove emotions. This is super important for strong movements and high volatility (see later).
Use an options profit calculator from your broker or an online one before entering a "new" trade, especially a complex multi legged trade: https://www.optionsprofitcalculator.com/
“Rolling” an option: Closing your existing option and opening a similar one at different strike and/or expiration.
Rolling a call “Up” would be selling a call you own and buying a cheaper call at a higher strike.
Rolling a put “Down and out” closes your original one and buying or selling one at a lower strike at a longer expiry.
Better broker interfaces have a literal “Roll” button. I know E-trade does. You can manually do it by selecting relevant contract legs.
If you have a losing trade, re-evaluate it. If your initial assumption is definitely incorrect, close it. Don't stay in losing trades forever and lose the entire value of the option over stubbornness. If you re-evaluate and you think your assumption was right, hold, potentially consider adding another cheaper option (or buy another call / put). Rolling out sold options can help here.
Don't try to day trade, especially with options. It's statistically unlikely to be profitable. Day-trading with options introduces extra liquidity risks and is dangerous, especially with spreads.
Try not to over-trade, you'll likely mis-time the market over time. When I get emotional I over trade, then lose additional money on wash sales. If you scale your entries into positions it should help alleviate your desire to exit positions when they turn badly against you. Whenever I buy calls I do it at larger increments after W almost made me loss my hair; luckily it eventually came back.
NEVER enter a position on a stock you have no idea about, especially when you read about it online or heard about it from some rando.
At market open options contracts are often volatile and inflated. Buying during this time can be more expensive. Options are usually cheaper mid-day, I read somewhere 2-3PM is cheapest. I’ve had success around 12-1PM EST after prices settle.
Try wheeling on cheaper stocks once you get all fundamentals down.
When selling puts if you are very bullish consider "doubling down"; note this is higher risk. Use the credit from your put sale to buy shares or a cheap call. This can be roughly inversed with puts, except I wouldn't ever recommend shorting shares.
Learn from your mistakes. You can’t go back in time and beating yourself up (to a point) is useless. Make a physical &/or mental note of it so you don’t do it again. If you don’t learn from it, then beat yourself up so you won’t do it again.
If you have friends that like to trade, I find it helpful to discuss strategies and planned plays. I talk openly with my close friends about my current holdings and planned trades, it helps keep me accountable. If I get a wide-eyed look, I might be doing something excessively risky or stupid. I’ve over-leveraged myself in calls twice and I knew I shouldn’t have done it both times. When I tell my friends what I did and I’m embarrassed, it exemplifies the face that I shouldn’t have done it in the first place. You will also get ideas for new strategies or plays from them. It’s good to stay versatile and use multiple strategies when appropriate. Beware of group think/echo chambers.
I recommend NEVER telling someone what to buy/sell and when. I’ll tell people MY plays or what I like and why, but I will not encourage them to emulate what I do. Depending on the audience, I’ll tell them my exact positions along with my exit and entrance strategy. With closer friends I’ll offer my thoughts on their trades (if asked). If my friend is doing something really risky (one of my friends does some scary stuff) I may ask them if they want my advice, and provide it, especially if they overlooked a risk/event. I will not encourage someone to execute/enter a trade since it has a high potential for hurt feelings or animosity all around.
Don’t fall in love with a stock. Just because something made you money before and you have high confidence in it doesn’t mean it will keep performing. I joke that FDX betrayed me when it started dipping and losing me money. I was over-confident of its bounce-back and sold too many puts too quickly. I’m in several losing trades because of it. However, I will keep good stocks in my rostetracking list or try different strategies or re-enter trades when they change their behavior.
As you start to both buy and sell options and get more experience in general, you'll start seeing the two sides to every trade. You will likely start adjusting your strategies or trying new trades out because of this. Things will likely click one day. Most/all the greeks and options concepts will become almost second nature. For me this was when I could build an Iron Condor from scratch, which was a watershed moment involving a good understanding of many strategies.
Understand Liquidity and volume.
Trading in low volume, low open interest contracts results in wide bid/ask spreads and difficulty having your contracts filled. Look at all the data for a contract, not just the strike and price.
Monthly Expiration dates typically have better liquidity.
Multi-legged trades (Common examples are 2-legged vertical spreads or 4-legged iron condors) have more difficulty being filled, especially on bad brokers like Robin Hood. Having very liquid options for all legs is extremely helpful in obtaining timely and well-priced fills, which maximize your potential profits.
Time in market vs timing the market:
It is extremely difficult to time the market perfectly. If you wait for the perfect opportunity forever, history has proven you will miss out on gains. Keeping all your money out of the market has proven to be ineffective. Now if there is something serious happening with a stock/the market (like say a new pandemic), don’t go all in. I recommend entering incrementally at dips. If the stock has huge upside potential it may never go down, so it might make sense to partially enter at the current price.
IMIO selling puts is a great strategy to get into a stock you like, or at least make money off it. I think buying stock in lots of 100 is usually for suckers. Selling an ATM or ITM put (assuming the math works out) on a stock you were going to buy and hold is ALMOST free money.
I recommend keeping some cash available regardless. If you have a very large account or expect a downturn, hedging with indexes like QQQ, SPY, or VIX or calls/puts may be wise.
Every trade can't be a winner. You will take some losses, you must get used to it. I don’t like having a realized loss of 1K or more on any trade. However, this will happen, especially with larger accounts.
As long as you win more often and beat the S&P that year I consider it okay. I’m kind of aggressive, so I consider 20%+ annually good. 30%+ annually is great. 40%+ and I’m dancing. After trading options I am almost baffled by my old belief that 5% annual returns (mostly from dividend ETFs) was “good”. That’s nothing to me now since I’m willing to take risks. Note: While lots of people danced in 2020, realize that’s an insane Bull Run year and is atypical.
Adhere to your own risk tolerance and never over-extend yourself, especially with margin use. Don’t make huge gambles leaving you uncomfortable. Only gamble with money you are willing to lose.
My personal strategy is to make safer gains for the year and then enter slightly riskier strategies using those gains. I can be slightly-moderately more aggressive and compound my gains. For me I often sell puts to make money, then when I see a big opportunity I’ll sell a put and buy an OTM or moderately ITM call.
Understand it’s not safe to try and get rich overnight. However, once you hit big “steps” things may start to snowball. You can enter more positions and take more risks if you choose to.
For me this when I hit 50k, then 100k. I was able to balance low and moderate risk positions to more significantly grow my account. I’ll even do a high risk thing now and again because my gains can absorb it (assuming I have them).
I can’t wait to get to 250K, then 500K. I know it’ll take quite a long time, but I am confident I’ll eventually be able to have 500K and (hopefully) 1M in my non-401k trading account with gains and additions from my job. I can only imagine how “dangerous” I will be with that kind of capital.
If you missed "the next big thing" like AAPL, TSLA, or the time machine I’m building in my basement. Don't get upset, learn from it. Adapt and become a better trader for next time.
Figure out why a company was so promising, before they mooned. Determine how you would have traded differently in hindsight. Apply those lessons to the next company you believe has long term growth prospects.
For me that's putting in 1-2.5k towards shares and/or buying LEAPS on it. Depending on my bullishness I may buy “cheap”, fairly far OTM calls. The far OTM options are sort of lottery tickets. If I'm right the (relatively) low cost will have explosive profits; if I'm wrong, they didn't cost that much so it's a calculated loss I’m willing to accept. For more serious bets I’ll buy ITM LEAPS to run PMCCs on. I also like to buy 1-2K in my 401k for very long-term plays.
The stock market hates uncertainty, it seems to crave the status quo. A shakeup can potential tank a stock, even if it's nothing. With shares you can wait it out, but this can be problematic for options. If you see volatile/uncertain times ahead (politics, disease, manufacturing, earnings, etc.), you might want to reduce your overall portfolio risks or hedge.
Profit Retention / Loss Mitigation
If selling options, it is a viable strategy to close early after a large gain with many DTE left until expiry. See TT videos / strategies on this.
Don't hold options through earnings unless you literally want to gamble. I like playing on earnings run ups, but that can be risky.
If you hold options through earnings, IV crush will happen immediately afterwards, devaluing the option. However, if the option is profitable enough, IV crush won’t matter, which will still make money for a call buyer. A sold put sufficiently far OTM will benefit from IV crush, even if the stock dips after slightly bad or lukewarm earnings.
Don't throw good money after bad. Don't gamble on a recovery if your assumption appears to be wrong or the market is flat out tanking. If you are wrong and still believe in the company, wait twice as long as your original plan (wait for your 2nd entry point vs 1st) before adding to your position.
Consider using stop losses to lock-in profits on rides up or sometimes use them to prevent losses. Note, stops can be easily triggered in volatile options. Now when I'm up a lot on calls (especially around earnings or large momentum run-ups) I always set stop losses. I have been burned too many times. In December 2020 I didn't set a SL on several thousand dollars of FDX calls I was already up on and I "lost" ~$5K of unrealized gains. If you're up big, don't get too greedy.
A possible strategy if a stock is on a tear and you have multiple options open: Close some positions (I prefer to do this incrementally if the stock has momentum), but leave 1+ open in case the stock goes into outer space/the floor. Next, set a stop loss with a little buffer below its current movement / range so it doesn't get hit unless the stock falls hard. Finally, watch the stock closely and if it keeps rising, keep moving the stop loss up in little bits incrementally. This will let you keep more profits on a hot streak, but give some protection and secure more gains. It will also help eliminate FOMO if a stock exceeds your expectations.
Have rules when to roll out, down & out, or up & out. I like TT’s roll at break even or at 1x loss and to always roll for a credit (or for me a very minor cost). Obviously these rules need some monitoring. Know your stocks, the news, and technicals so you don’t jump the gun.
If you roll early for a credit and you’re right, it’s not the end of the world. You’ll just need to hold longer, which will obviously tie up capital. Sometimes it’s better to tie up some money (especially if you aren’t paying interest) than eating a huge loss.
Rolling too late can be worse though. I currently have a very underwater FDX put I sold that is over 2x loss, rolling it does almost nothing unless you want to pay a debit or extend it extremely far out.
On huge options gains, I strongly you recommend taking profits by rolling up/down or incrementally sell your contracts at several different prices (this is why having multiple contracts is nice).
Rolling up involves selling your initial call, then using a fraction of your proceeds to buy a cheaper, further OTM call with the same expiry; puts are inverse this. When rolling up I like to ensure the new option’s cost is 15-40% of my realized gains. I’ll buy a more or less expensive new optoin based on my convication to the stock and predicted movements. You can also roll up and out to get a further expiry and strike.
This is monumentally important if you are playing with incredibly high rising stocks or during a short squeeze.
Sad story time: I completely screwed up when I forgot to roll up, twice, during the GME gamma/short squeeze. I didn’t take my own advice; I didn’t have a real exit or transition plan and I got emotional. It all happened so fast and I was at work; the insanity of the run up and subsequent gamma squeeze caught me off guard. I should’ve clocked out and thought through the situation for 15-30 minutes to form an impromptu plan, then executed trade(s). My moderate risk tolerance coupled with my desire to take profits took over. When the stock partially cratered after a run up, I sold to retain gains. In the heat of the moment I thought the squeeze was squoze and it was going to plummet into the ground and I wasn’t being rational.
On 1x 4K call I would’ve made an additional 15-25K if I rolled up to a cheaper contract with some of my profits.
I know I missed out on significantly more with a 2nd call I had. Depending when I rolled it, it would likely have been an additional 25-50k in profits.
I talked about learning from your mistakes above. This mistake is branded into my brain due to the massive gains I missed out onby not rolling up. I’m furious with myself as I write this 1 week after the GME gamma squeeze, I’m a planner and I didn’t plan. If anything I own is significantly up ever again, I’m rolling up (or at least setting a stop loss). If necessary, I’ll roll up a trade multiple times to keep extracting profits.
Learn from my mistake so you don’t miss out on gains too. I strongly recommend rolling up when you are up big on a call / roll down when you are up big on a put. This enables you to take profits, stay in the game, and keep extracting more gains.
If you trade a lot of options, talk to your broker about a discount. I was getting the standard $.50/contract with E-Trade, but I traded over 300 contracts a quarter and was able to get the fee reduced by over $.10 by just asking. I am now doing more spreads and condors, so once my volume gets very high, I’ll ask again.
If you have a broker that isn’t great and you want to switch, leverage your current trading fees to the new broker. Tell them you’ll move over $### thousand if they beat your current options trading fee per contract.
Trade Planning & Position Management Tips
As you gain experience, start monitoring what kind of Delta, OTM, DTE, etc. you are most profitable with. Use it in your future trades. You'll often see the tasty trade 30-45DTE .3 Delta strategy for selling.
Before entering a trade, look at rough technicals like resistances and supports to consider your relevant strikes as well as entry/exit points. Look at upcoming earnings & dividend dates as well as stock/market news.
Consider staggering strikes and expirations for safety and diversity; it’s nice to avoid assignment on 3 puts at once because you used the same strike for all 3.
Incrementally enter positions on large rises/falls. One of my favor strategies is to buy dips after over reactions. By doing this slowly in large price "steps" it helps combat FOMO and helps you avoid getting slaughtered.
This will also help you avoid "chasing a falling knife". It also ties into having a plan.
I set alerts at several predetermined prices and I REALLY try not to enter new trades unless I hit my preset points. It makes me less emotional and usually more effective.
Don't buy far expiration options with poor liquidity for shorter term plays. I bought 1x GME 1-year+ LEAPS call before the 2021 short squeeze. That was stupid, I should've bought 2-3x 60-120 day calls to have better liquidity. I also paper-handed it and missed out on my lambo.
If selling options, consider rolling (for a credit) to avoid assignment when it makes sense / meets your plan. Rolling closer to expiration can be a valid strategy to get theta on your side. On the flip side, if the stock moons or plummets it could've been better to roll before it got crazy deep ITM. See rolling “rules” above.
Covered Calls:
If a stock has a large movement range, I think it can be worthwhile to wait to open a CC after the last one is closed/expires. I have been more successful waiting for another opportunity vs. opening one immediately on the Monday after the second the last one expires.
Consider selling covered calls at all time highs/peaks. If you sell a CC and the stock dips significantly, and you think it’s temporary, you can buy to close your CC for a quick profit, then reopen it later.
If you own Meme stocks, selling covered calls runs the risk of missing out on large gains. On these stocks I typically only sell them further OTM than I normally would or not at all. If I do sell CC on a Meme stock I try to ensure I have 25-100 other shares that won’t be called away.
-Advanced Beginner- Spreads
Spreads (with 2 legs) are neat because they manipulate how delta and theta act. It caps your gains and losses, but you can profit with less stock movement. Try several spreads on a P/L calculator to see for yourself.
Spreads usually require margin trading.
Spreads allow you to define max losses (assuming you close before expiration day) and use less capital.
Experienced traders will open many spreads at identical/similar strikes to heavily profit off movement. Spreads can make you/lose you a lot of money if you are right.
For example. I could make a $200 premium off a $500 risk trade, max loss would be $300. This is much more effective capital utilization than a naked or cash secured put, however it does not have the same downside protection or “wheel” potential as a sold put. Higher risk, higher reward.
Vertical Debit spreads: I think of these like mini calls/puts. I personally don’t use them unless calls are outrageously expensive or the break even is absurdly high, but there’s nothing wrong with them. A call debit spread will lower your breakeven and overall cost vs just a call. You can do clever things like making a positive theta call spread if you’re creative. I like doing this since I hate losing money to theta.
Vertical Credit spreads:
Very good theta strategy to define downside/upside risks.
A put credit spread is bullish and allows you to bet on upward movement with less capital and defined losses.
A call credit spread is a bearish strategy that allows you to bet on downward movement. These are very cool since they allow you to sell calls without selling naked calls, which can ruin you financially. I see selling these as better than buying puts since it’s so much easier to be profitable; to be redundant, Θ rocks.
I repeat this on purpose: Don't EVER leave short spreads open on expiration day, close them. If you don't close, they better be VERY far from the strike on a non-volatile stock. In after hours a stock can jump/dip below your strike and be exercised without the other leg to protect you. This can lead to massive, life ruining losses. This is not an exaggeration, google this and be scared. It happened to a fair number of people with TSLA. Video explanation: https://www.youtube.com/watch?v=rtVFj9nRRDo&t=315s
Short Straddle:
Trading Mechanics, Taxes, Market Manipulation
Learn about wash sale rules. They suck and are very easy to activate with options. This will eliminate your ability to write off losses. Over trading can easily cause wash sales. https://www.investopedia.com/terms/w/washsalerule.asp
Short attacks:
Learn to recognize these sketchy attacks by hedges/firms. They manipulate the market, it’s been documented countless times. A common one is rapid short selling, which pushes the price down.
Some people say short ladder attacks don't exist. I've seen some very strange stock nosedives off low volume, so I tend to think they do.
If you plan well enough and the market doesn’t give up on the stock you may be able to use it as a great opportunity to buy the dip.
Cramer explains how he intentionally manipulated the market when he ran a hedge fund years ago. Multiple links to the video are below since this video gets pulled often, Cramer / The street never wanted this to go public.
Due to this video I don’t fully trust Cramer. His show can give you stock ideas to buy (or inverse), but you never know where his true loyalties lie.
Plan for taxes if you are up big. You may need to over withhold or contribute to taxes quarterly depending on your situation. https://www.irs.gov/taxtopics/tc306
-Intermediate / Advanced Strategies (work in progress)- You’ll notice many of these strategies inverse one another. Options Strategy Finder This website is great for learning about new strategies, you’ll see many links to it below. https://www.theoptionsguide.com/option-trading-strategies.aspx Short Strangle / Straddle
Both of these strategies profit from little price movement. I recommend using a P/L calculator to determine BE, profit, etc.
A straddle sells (or buys) two options at the same expiry and strike.
A strangle sells (or buys) two options at same expiry with different strikes.
Both these strategies involved selling a Call and a Put for a credit. Straddle uses ATM legs, strangle uses OTM legs.
Limited max profits and unlimited risk. Due to the unlimited risk, I am not a fan. However, many people like these a lot.
These strategies profit from neutral or mostly neutral stock movement. They receive a credit to open and benefit from theta decay. If your stock is range bound, these may be a good choice.
These are both 4 "legged" trades, so you will have 4 trading fees to enter or exit the trade. A lower cost or zero cost broker shines here. However, “bad” free brokers will give you poor fills, which may not be worth the discount.
Condors and butterflies have "wings" which are your purchased puts and calls. The wider the wing the higher the max profit/risk. The condor body can be riskier and skinny with a narrow high profit range or wider for a much greater chance of success with lower payout.
An iron condor is built by combining a put credit spread and a call credit spread with the same expiry.
An iron condor can be thought of as a modified short strangle with limited risk, and therefore a bit less profit. I prefer defined limited risk.
The butterfly is similar except instead of a plateau it has a sharp peak. My personal mental note is that a condor looks more like a strangle with wings, while a butterfly looks like a straddle with wings.
Pay attention to earnings dates when you open these, I have forgotten to check before and it led to bad trades.
The debit version of an Iron Condor. You expect the price to stay inside your defined range. This strategy profits from neutral or mostly neutral stock movement. I’ve never tried this, Iron Condors make more sense to me.
Inverse of an Iron Condor. You expect the price to go OUTSIDE your defined range. These are useful when you expect significant price movement. Credit to open.
Limited risk / limited reward.
Can be harder to set up. I want to try these, haven’t yet.
Inverse of an Iron Condor. You expect the price to go OUTSIDE your defined range. These are useful when you expect significant price movement. Debit to open.
LEAP Options are options that are long term with many DTE, often over a year until expiration. LEAP calls are great for long term growth plays (downtrends with LEAP puts) or simply when you really like a company and can't afford 100 shares. LEAPs (or any "longer term" option) enables you to sell a PMCC or PMCP (below)
PMCC / PMCP
PMCC or PMCP are poor man's covered call (or poor man's covered puts). They are diagonal options often used with purchased LEAPs. You sell a shorter DTE call/put with a further OTM strike than your purchased call/put. For PMCC/PMCPs it is often recommended to recoup your extrinsic value as soon as possible, some recommend with your first call CC or put sale, to ensure you are positive if the option is assigned early. These have a lot of moving parts and strategies. If you buy a barely ITM call/put and sell a nearby strike call/put you run the risk of the purchased option getting "blown by" on large stock movement and ending up with a very negative losing trade. Keeping your purchased LEAP deeper ITM should protect you. Check your initial PMCC using an options calculation to make sure you don't screw up.
I'm currently tinkering with these myself. So far I like .7-.9 delta call LEAPS with 30-45 DTE calls on my CC. The goal is to hold the LEAP long term, potentially until expiration, and constantly sell calls/puts on it that expire worthless. Typically the call/put is rolled up and out or down and out if it's going to be assigned, unless you don't want your LEAP anymore.
Some people look at these many sold CC or puts as profits, I look at them as lowering my cost basis until it's zero (or even negative). I have a page in my notebook I write each CC on my NIO LEAP (I Meme stock sometimes). I find it satisfying to slowly see the cost of the original option disappear. When I originally wrote this I had ~2 years left on it and it's 9-10% paid for; that doesn't even count the actual gains the LEAP has.
TT states this is considered an IV play, which I partially agree with. You want to buy these during low IV times since an IV drop will hurt your LEAP value. I look at them more as a way to sell calls/puts on a high IV company with a lot of price movement and potential upside/downside.
Good brokers will allow you to set these up, some will require a desktop to do it. This lets you link one action to another. In programming think of it like an if-then. You’ll tie a buy/sell to another buy/sell
Setting trailing stops on options is very chaotic since their price movement can be drastic due to volatility. I prefer to set my trailing stop to a stock.
What I like to do is set a trailing stop on a stock (or just link it to a stock price drop) and have it sell 1 share I own. Then it immediately executes a market order to sell my call. I’ve had good luck doing this with incredibly volatile plays were stop losses aren’t effective. I’ll often have an order saved and ready saved for when a strong run up starts. When my price alerts start blowing up my phone, I’ll immediately hit execute to turn it on.
Disclaimer: I’m not a financial adviser, I'm actually an engineer. I’m not telling you to invest in a specific stock/option or even use a specific strategy. I’ve outlined and more extensively elaborated on what I personally like. You should test several strategies and find what works best for you. I'm just a guy who trades (mainly options) part-time for financial gain and fun. I don't claim to be some investing savant.
How to maximize your profit madame Tusk's gambling place
We all know the trick that uses whip-throws to roll either a 1 or a 6. While this method gives you quick acces to all the prizes, you still need an average of 25 000 gold to win 5 times. The method I showcase here ensures that you earn back your entry fee (on average) while winning your prizes and is useful when you don't have much money (Maybe you started your run in tide pool). Our goal is to archieve a score of 8 or higher as often as possible. The first throw should be a normal throw and can result in anything from 1 to 6. If the first throw results in a 4, 5 or 6 we continue with a normal dice throw. If the first throw results in a 1, 2 or 3 we use a whip throw next to maximize our winning chance. I've calculated the odds with this method to be: Winning 5000 gold: 50% Winning the prize: 17% Loosing 5000 gold: 33% In comparison the odds for only whip-throwing are: Winning 5000 gold: 25% Winning the prize: 50% Loosing 5000 gold: 25%
A third of the way into the season, it seems like the worst-case scenario is playing out for the Timberwolves.
TL:DR: The Timberwolves are, again, a bottom-feeding NBA team. They will more likely than not be losing their very high lottery pick due to a gamble the front office made when trading for D’Angelo Russell. Meanwhile, they are throwing away another year of KAT’s (potentially limited) time left with the franchise. The Wolves are in an incredibly unenviable position right now. Due to insurmountable inexperience/youth, injuries to key players (namely KAT), and poor coaching, the Wolves find themselves at the bottom of the Western Conference. In the Wiggins/DLo trade, the Timberwolves also gave up a top-3 protected first round pick. POBO Gerson Rosas took a colossal (albeit calculated) risk by banking on the KAT/DLo pairing being good enough that the value of the pick wouldn’t be high enough to be a backbreaking loss. What probably did not factor into his calculations is that the much anticipated (to Wolves fans, anyway) duo would have played only four games as teammates in the calendar year since the trade occurred. Moreover, he could not have predicted that the Wolves franchise cornerstone would have only played five of the first 25 games due to a wrist injury and COVID. KAT’s absence is painfully evident on the court. KAT raises the floor of the team significantly, and they are clearly a very different, more competitive team when he’s healthy and playing. Not even the most skeptical national writers expected the Wolves to be this bad this season. So, the Timberwolves, due to a multitude of reasons (including head coach incompetence, which I would like to emphasize), are dreadfully bad, at 6-19. And because of the top-3 protected pick they sent to GSW, not only are they a bottom-feeder, but they are also more likely to lose their much-needed first round pick than to keep it. To make matters worse, there is a perception that the Wolves are on borrowed time with KAT, should they continue to field such non-competitive teams. Though KAT (to my knowledge) has not said anything to indicate his mindset on the matter one way or another, the trend in the modern NBA is for superstars to move teams if their current team lacks the ability to contend for a championship. While players like Dame, and apparently now Beal, who want to grit it out on try to help “their” team win a chip do exist, they are the exception and not the norm. It’s not hard to imagine a scenario where KAT wants out in a few years if the franchise continues spinning its wheels at the bottom of the WC. One bright spot is the apparent abundance of talented/high upside young players the Wolves have: Naz Reid (21), Anthony Edwards (19), Jaden McDaniels (20), Jarred Vanderbilt (21), Jaylen Nowell (21), Jordan McLaughlin (24), Malik Beasley (24), and Jarret Culver (21) are all young players who look like they could have a role in the future of the Timberwolves, some much larger than others. But, assuming the Wolves are in a rush to be competitive and placate KAT, how many of these guys fit the timeline of helping make this team competitive ASAP? Ant having all-star potential or McDaniels developing into an all-defense 3 and D wing only does the team so much good if it’s two or three years down the road. Without KAT potentially wanting out, and without the very real threat of losing their lottery pick, I think most Timberwolves fans would be content watching the young guys continue to blossom while solidifying their position at the top of a highly coveted draft class. Instead, we are watching a bad team flounder, wasting another year of KAT under contract, while also (likely) losing a key opportunity to bolster the roster for next season.
Tactical Nuclear Warheads and You: A Neheb, The Eternal Decklist/Primer
Hey you. Yeah, you. You tired of playing the same Golos deck, playing two lands a turn, drawing into your combo pieces, and winning while the entire table finishes War and Peace on their phones? You bored with your Sultai landfall deck, where you play solitaire for three hours? Board police getting too much to bear? Well, let me introduce you to your new best friend: [[Neheb, the Eternal]]. Now, if you've never seen Neheb before, I know what you're thinking. "Wow, that card looks absolutely absurd", and buddy, you're right. Neheb decks aren't as much EDH decks as they are high-score attempts, seeing how much damage they can dish out in a single turn. Damage doublers, triplers, pingers that only go face, and enough X spells to make Zaxara cry in a little Sultai corner. You want infinite combats? Neheb. You want to [[Comet Storm]] for 80? Neheb. You want to burn that lifegain deck right back to the pit it crawled out of? YOU WANT TO PUT THE FEAR OF GOD INTO ANYONE WHO DARES CONTINUE TO LIVE? N E H E B. STEP ONE: RAMP While Neheb himself is both a beeftank of a man and creates mana like he's eighty mountains strapped to a rocket sled, Neheb works best when he's out, and five mana isn't exactly cheap. So, what do we need? The standard rocks and ramp, like [[Sol Ring]], [[Wayfarer's Bauble]], [[Mind Stone]], [[Arcane Signet]], [[Ruby Medallion]], you get it. We do, however, run a few interesting ramp cards. [[Cryptolith Fragment]] comes in tapped, sure, but once we have our big Lazotep Lasher out, we can tap it for one mana in the main phase, and three (3!) mana in the 2nd main phase. The good news is that if it transformed, something has gone horribly wrong, so we're not even gonna talk about the back. If it does flip, though, nine mana in the 2nd main isn't bad at all. [[Everflowing Chalice]] isn't a rock, it's a bank. If you have a ton of mana floating in the second main, and you will, Everflowing Chalice is a way to keep some of it and use it on turns going forward. You can replace this with [[Horizon Stone]], I guess, but Everflowing is just a bit faster, and remember: Horizon Stone is based on Kruphix, and he's Simic, and we blow Simic players into small chunks. Oh, also, we have better Horizon Stone. THAT'S RIGHT WE HAVE [[Leyline Tyrant]] BABY. You want to float mana? Leyline Tyrant. You want an evasive beater? Leyline Tyrant. You want protection from removal in the form of Leyline Tyrant choosing violence and blowing up someone's face? Ley. Line. Tyrant. You want mana? You want it NOW? Cool. We got [[Seething Song]] and [[Jeska's Will]] for all your mana needs. Turn 2 Neheb is always a bucket of fun. Black can keep [[Dark Ritual]], I bet they're casting single target removal with it, what a bunch of nerds. Our mana doubler is [[Extraplanar Lens]] and [[Snow-Covered Mountains]]. We want mana. Not them. If they have snow-covered mountains, blow them up first. Cowards. [[Chandra, Torch of Defiance]] has two +1 abilities: gain red red, or deal two damage to each opponent, draw a card, and get six red mana. She's here for her good +1. Now that we have our mana online, let's talk about our two plans: Nukes and Dukes. STEP TWO: DUKES PART ONE: BOXING GLOVES Neheb is a commander that likes to attack. Once he's out, we're going to want to have him swing probably ever turn, because even if he's blocked he goes right over the top. The issue, however, is that while he has 6 toughness, that's not a lot going into the late game. So, we've got some boxing gloves for our beeftank. [[Darksteel Plate]] lets us not really worry about Neheb. Slap some darksteel on that lazotep and watch the haymakers fly. [[Sword of War and Peace]] and [[Sword of Sinew and Steel]] give him protection from white and black, and also importantly, RED. We can use our X spells that also hit creatures with impunity once we give Neheb one of his twin blades. [[Shadowspear]] gives Neheb trample, which lets him smack harder, and also, for two mana, you can remove indestructible and hexproof from an opponent's permanents. A glorious piece of tech. The lifelink can be nice, but it's, there to punch through. Speaking of punching through [[Embercleave]] needs no introduction. If you're turning something sideways, Embercleave is always a great way to make sure it damn well hurts. [[Swiftfoot Boots]] makes killing Neheb harder, and anything that makes Neheb stickier is good in my books. Haste is also an absolute plus. We don't have [[Lightning Greaves]] because we want to give Neheb more equipment than just lightning greaves, and shroud makes that harder than it needs to be. PART TWO: SIDEWAYS CREATURES If we're swinging more than once a turn, and we WILL be swinging more than once a turn, we want to swing with things that create effects that benefit from multiple combats. Enter our beaters: [[Tectonic Giant]] swings once and deals three damage to everyone, or impulse draws. You swing multiple times with him and with Neheb in play, and boy howdy did you just draw and make a ton of mana. An absolute unit of a card. [[Etali, Primal Storm]] is four free draws per swing. You swing multiple times with Stompy McCardsteal, and you've basically cast Villainous Wealth in red. [[Neheb, Dreadhorde Champion]] is both real and not impulse draw and mana ramp. Swing, dump bad cards, get mana, repeat. EZ Clap. PART THREE: TECHNICAL KNOCKOUT [[World at War]] and [[Savage Beating]] gives us extra combats, with World At War having rebound to guarantee us extra combat the next turn and Savage Beating giving us double strike to combat trick like an absolute madman if we need to really add insult to injury. [[Aggrivated Assault]] takes a small amount to explain. So, if we swing with Neheb, and he's unblocked, we get four mana. Tap a mountain, five mana, get an extra combat, swing with Neheb, go to the next main phase, EIGHT MANA, because Neheb cares about total damage of the turn, and checks every post-combat main phase, not your first one. That's right. We go infinite. Blow up the world, send out Neheb, and swing for infinite gaining infinite mana. Also do not shout the names of the cards in this section because most of them are absolutely crimes and your pod will call the cops to stop you from beating their life totals into the dirt. STEP THREE: NUKES PART ONE: PRIMING FOR FISSION Before we can bow up the world, we need to prime ourselves for it. To do this, we need to damage our opponents, and get our damage increasing abilities online. [[Acidic Soil]] and [[Price of Progress]] are pretty much free damage. That guy who spent all game mana fixing? Yeah, he's getting shot for 16. The Golos deck? 30. Acidic Soil is there because it also counts basics, so the budget player who thought he was safe can get slapped for daring to play Magic as well. [[Chandra's Ignition]] is 5 red mana for 12 red mana if you hit Neheb with it. It also board wipes. Slap it on Etali if you have protection for Neheb, and watch the world go down in fire. [[Flame Rift]], [[Slagstorm]], and [[Fiery Confluence]] hit our opponents for dirt cheap costs. Three mana to get nine mana? two mana and four life for 12 mana? Treasonous Ogre is crying, he's been unemployed. Fiery Confluence is also a board wipe and a removal spell, which is super neato, as we're a mono-colored deck, so our toolbox isn't super diverse. [[Combustible Gearhulk]] says "Give me draw or give me mana''. It's our Fact or Fiction, and much like Fact or Fiction, there are only bad answers. With an average CMC of 3, we're going to either draw three or get our mana back when someone takes 6 damage. [[Pyrohemia]] says "pay one red mana: Gain three red mana". It's literally just Dark Ritual that is also removal. If you can't see why that's good I have no idea what you're doing in a red burn deck explanation. [[Heartless Hidetsugu]] deals damage to each opponent equal to half their life total, rounded down. Deals damage. This isn't loss of life, this isn't 'becomes', Hidetsugu takes their life totals outside with a baseball bat and teaches it to fear the color red. Shadowspear on him makes you gain all the life they lost. If you have a damage doubler out, Hidetsugu says "Tap this creature, Win the Game." If he taps, and Neheb is out, one X spell almost guarantees a player death. PART TWO: ROCKET FUEL [[Torbran, Thane of Red Fell]] is not a damage doubler, but it does make our smaller pingers like Flame Rift, Fiery Confluence, and Pyrohemia absolutely backbreaking. Think of him as the initial charge. [[Insult // Injury]] often time reads "Pay 3 mana: Your next spell kills a player". Injury is nice, but we're really here for the cheap damage double and to stop any damage prevention shenanigans. We're casting Insult when we know we can go off. [[Fiery Emancipation]] Is here because, honestly, we make so much mana we'd be stupid not to run it. Six mana to triple damage when we make dozens of mana a turn is an incredible deal, and because it's one-sided, we don't have to worry about people killing us immediately with their tiny creatures. [[Furnace of Rath]] is two mana cheaper, yes, but importantly it doubles instead of triples, and also, uh, it doubles on US. We're trying not to self-destruct. PART FOUR: DETONATION [[Rolling Earthquake]] hits everything without horsemanship, so it hits everything. It's strictly better than Earthquake, because if we're casting an X spell, 80% of the time we're casting it because either A) We're about to lose or B) We're about to win. [[Molten Disaster]] has split second, which makes it uncounterable, unreturnable, and uninteractable. It's our "YOU DARE PLAY BLUE?!" card. [[Jaya's Immolating Inferno]] targets up to three targets. You will have three opponents in your pod. The math works. [[Comet Storm]] is flexible, in that if you've already blown someone to kingdom come, it costs one less mana! So that's nice! It's also great target removal, and great with our newest card... [[Toralf, God of Fury]]. Oh yeah. In this deck, a deck where we overkill everything, Toralf becomes an absolute monster. Earthquake everyone, and have the excess damage dealt to their creatures finish them off. The flip side of the card also goes mana-positive with Neheb, if we really need to get there and are just out of reach. This is a card this deck loves like your opponents love not being blown off the face of the earth by fireballs. PART FIVE: CLUSTER MUNITIONS [[Primal Amulet]] lets us copy our damage when it flips, and makes our damage spells cheaper before it does. It's easy to see why it's an all-star here. [[Reverberate]] lets us copy something. Sometimes it'll be the counter that's trying to stop Jaya's Immolating Inferno. Sometimes it'll be the Immolating Inferno itself. [[Reiterate]] is a multi-use reverberate, and we have the mana to use it. STEP 4: THE REST OF THE DECKThisIsn'tAStepButShhhhhh HASTE We want to give our creatures haste. [[Generator Servant]], [[Purphoros, Bronze-Blooded]], we can wheel away an [[Anger]] with ease, and [[Ogre Battledriver]] gives us a bit of oomph when our creatures enter the battlefield. Purphoros also functions as a sneak attack for when we want a creature to attack, but we don't have the mana to get it out. DRAW Look. We're in mono red, which means we have... one tutor that's halfway decent for our plan, and that's [[Gamble]]. We need draw. We're running a lot of it. [[Valakut Awakening]], [[Reforge the Soul]], [[Molten Psyche]], [[Magus of the Wheel]], [[Commune with Lava]], [[Cathartic Reunion]], [[Faithless Looting]] whatever we need to draw a whole ton, we have. The real all-star draw card is [[Knollspine Dragon]]. Draw equal to damage to target opponent? In a burn deck? In a burn deck where our burn makes mana? Oh baby you best believe that when you slam this puppy down people are going to quake in their boots. From the dragon. And maybe from the Rolling Earthquake. Or the Molten Disaster. Whatever. REMOVAL We're not running much actual removal, because, well, A: Mono Red, and B: We're a player removal deck. If you want board control, or if you want a deck that doesn't feel like piloting a crashing roller coaster that is currently on fire, go play [[Zada, Hedron Grinder]]. We're here for the boom boom. [[Vandalblast]] and [[Shattering Spree]] let us remove pesky artifacts, [[Blasphemous act]] removes board states for dirt cheap, and [[Chaos Warp]] lets us deal with one of anything. [[Deflecting Swat]] is for anyone trying to touch our Lazotep Loverboy or for stack interaction when our [[Pyroblast]] fails to stop a counter. LANDS [[Nykthos, Shrine to Nyx]] is pure gas, [[Ancient Tomb]] gets Neheb out fast, and [[Rogue's passage]] gets us through chump blockers and deathtouchers if we need to swing with Neheb. Other than that, it's mountains, a [[Myriad Landscape]], and a [[Smoldering Crater]] to remind our opponents of the fate that awaits them and also some draw if we need it. SIDEBOARD For some, four X spells isn't enough. [[Fall of the Titans]] and [[Earthquake]] are easy to slot in, and for those who want more combat, [[Fury of the Horde]] is easy enough to get. [[Mana Geyser]] is great against landfall decks, [[Red Elemental Blast]] is good if your meta includes people who try to stop you from throwing the sun at them (Cowards.). If you want more draw, [[Apex of Power]] is a free draw 10 spell, and [[Dragon Mage]] is a [[Wheel of Fortune]] on a stick. Well, Magus of the Wheel is Wheel of Fortune on a stick ALRIGHT YOU GET IT. UPGRADES The easiest upgrade path for this deck is fast mana. [[Mana Crypt]], [[Grim Monolith]], [[Mana Vault]], [[Jeweled Lotus]] the faster you can pump out Neheb the better. They're not on this list because they're pretty goddamn expensive, and if you turn two Neheb people are going to focus you into the absolute dirt. [[Doubling Cube]] is neat, but honestly, it's just a but overkill. Otherwise, upgrades include [[Wheel of Fortune]], your favorite EldraziTitan as a big ol' beater if you like the multiple combats, [[Sword of Fire and Ice]] is just the best damn sword we can get, and I'd say get [[Gauntlet of Might]] but for many people that card costs more than rent for the month, so just skip it. GAMEPLAN Step 1) Cast Neheb as fast as possible. Step 2) Deal symmetrical damage, swing in. Step 3) Go infinite with Aggressive Assault or cast a spell where X is, like, six trillion. We're not interested in things like "Midrange" or "Control". No. We're Neheb. We're here to get high scores on the "How much damage can I make without going infinite" leaderboards. This is not a deck that does anything besides slam into people. It explodes. It goes absolutely haywire, totally off the rails, you'll need a calculator to check your mana. This deck exists for one reason and one reason only: This deck is for Burn Timmies. Is it competitive? Eh. Does it win a lot? Eh. Does the fear in the eyes of your opponents make this deck worth it? Yes. For your consideration, Nuclear Neheb: https://www.archidekt.com/decks/1072303#NUCLEAR_NEHEB
My 1 Year Anniversary of Full Time Day Trading. 3 Years In The Business. What I Wish I Could Tell Myself Years Ago.
This industry has a lack of transparency so I'm more than happy to say I will provide lots of that throughout this post with screenshots. There are LOTS of imgur links to back what I say so it's not just words on a post expecting you to just believe what I'm typing. This post I suppose is "Part 2" my post back in April, "After 2 years of Daytrading. 7 months full time. Here's my advice". I'm doing this to update everyone who came/comes across this in the future. Yes, it is possible. No, it won't be easy. You will pay homage to the rite of passage into this career. I'll also provide some examples of styles of trading so for the newer aspiring traders, there will be some things I rarely see discussed on forums. So here's to 1 year of Full Time Day Trading TL;DR - You'll become desensitized to trading. Stubborn to other strategies (There are biggebaddemore lucrative strategies. Don't chase them. Why fix what's not broken? I know what works for me and I'm content with it. No strategy is better than another. It's a personal choice. ). Losing individual trades won't faze you, they're inevitable. Profiting certainly feels better. After a while, you won't be as enthralled to trade every morning, it'll become just another part of your day). Trading is just managing your money through a statistic and the medium to execute it is trading on your platform. Think: "If. Then. Because". Your trading plan should be that black and white. Ask "Why" for everything you do and use. If you can't answer it with documented results, drop it. I get a bunch of messages all the time from people asking - . Out of those who follow me and chat me seeking further tips through my previous posts. I'll be answering the FAQ's and addressing things I see frequently in this sub as far as trading axioms Disclaimer: I won't sugarcoat anything. I'll share my experiences and add pieces of advice I'd give to those who are currently experiencing the same thing becoming a full time day trader and what day to day life is like, the occasional distress, (DRAWDOWNS). Some of you follow my Twitter for the past few months where I post my daily watchlists with a snippet that reveals my DayTradingBuyingPower. I do this not to brag but to demonstrate that the account does yield growth, I pay myself, and there are days where the balance does not move because there was no edge. I also do this since nobody else shows their account performance. (Yes. You, Mr. YouTube gurus and wannabe gurus). We do this for income, the numbers on our accounts are real. Treat it as such. Get your initial capital out of your account THEN try to "Scale your account" with your profits AKA The Market's Money. I'll go over: •FAQ's that I get in my inbox (I'm still welcome to further questions if I don't answer here) •Decision Fatigue (You will experience this) •The previous year (2019-2020) of ups and downs •How to use my watchlists that I post on Twitter in the morning to your advantage •The pivotal moment that changed my trading career (NFLX 10-17-19) •The road to becoming a full time trader. (It won't be fun unless you're handed the money) •You'll have a better grasp of my strategy (Between ProTip 4 and 5. ProTip 8.) There are 10 "ProTips" throughout the post that I wish I could tell myself years back and I'll periodically throw them in here as the post goes on. I make posts long in order to segregate those serious about this business and those who will just become another statistic in the failure rate of this business. At the end of this post, I'll go over the frequent questions I receive such as: (Answers to FAQ at bottom of post.)
"How do you prepare for a trading day?"
"What would you go back to tell yourself?"
"Books?" (The most abused question, but I get it. I could start a public library with just trading books I bought over the years)
"What is your background?"
"What is a normal day for you?"
"How did you discover your strategy?"
"What did you do/How did you get started?"
"What is your % return?" (Not a fun question since a trading account is not an index or investment account. Intraday traders do not measure performance in %. Most are measured in "R".)
"Is enough to start trading?"
"Why do you need so many monitors"? (This one is rarely asked but I do see it discussed on platforms and people trading on mobile phones love giving flack to anybody who trades on multiple monitors. Hint: Everyone's different. Whatever works for the individual. There are no rules in trading. The only rule is that it works.)
My story:
Background: I heard about daytrading during the 2008 crash while in high school. We all want to make more while working less. I entertained day trading from time to time but always realized I never had enough money. Horrible mindset because I could have still researched WHILE saving money to put into my trading business. 2015 -I opened my first trading account with Scottrade while in the Marines. Apparently if you have a net worth of over $1,000,000 you can get out early (Biggest rumor ever). I frivolously bought crap penny stocks. In short - I was a hair away from gambling. What made it NOT gambling was the fact that at least I owned something tangible (Securities of a company) and anything can happen. Buy low sell high was my strategy. Didn't work obviously. No idea what I was doing. I'd buy and hold hoping to wake up to the stock price being way higher and it never happened. •ProTip #1 : If you hold a trade overnight... It is not daytrading. Stop turning into an investor because you can't admit a minor defeat. 2017 - I started taking this business seriously while working in the oilfield as a Logistics Planner (If you're wondering what company since I am asked this from time to time, Google: "World's largest oilfield services company"). No kids, girlfriend/wife or financial obligations. I worked 10AM - 7PM CST and would trade the open from home for roughly 1 hour. Later I was offered to be a Data Analyst... Only downside was... I couldn't trade since I had to be at work now at 8AM CST during the market open. In the moment of signing the offer letter, I was bummed thinking, "No more trading," That wasn't the case though. You can still build your trading business with a 9-5 and while never making one trade. The data is there. •ProTip #2 :We all see the same data. It's there forever. Many strategies show their edge both live and in hindsight the same. (Especially if you trade patterns). You CAN build your business as a trader without even taking a trade. You CAN build your strategy while working a 9-5. Just because you're not trading, does not mean you can't build your business through research. You won't know how you'll react to the losses but at least you can diagnose the raw data with a large enough sample size for assurance and confidence. If you have a 9-5 and want to go fulltime into this business. Stay for a bit, save, live so far beneath your means that it is almost miserable, (depending on your expenses, area you live, family etc) and get a few hundred sample sizes of your strategy! And for your PTO/days off... trade the open. I sacrificed my vacation days to trade. After 2 years in corporate America, eating cheap food, never going out, saving relentlessly, I made the decision to just do it and resigned. I went straight into the ring of fire known as trading. That was on: September 23rd, 2019 ""(Sound familiar?) When you hear these types of comments.. your response should be: "Nobody put the time I put into this. The 90%+ who fail, don't have it all written out, computerized backtests, manual backtests, statistics, SOP manuals, JUST like the job I have which is a business, I'm just another cog in their wheel. I'll just be wearing all the hats in my trading business. Instead of Oil&Gas, it's just for trading". One thing I see here a lot is people saying to trade X amount of months/years or make X. •ProTip #3 -Think in man hours, not calendar. Example: Trader A puts in 1 hour of study/work/research everyday for 1 year. (365 Hours) Trader B puts in 12 hours of work every day for 4 months. (~1,450 Hours) Trader A lives in a major city while Trader B lives in the middle of nowhere. (Think cost of living) 2 totally different living expenses and 2 different calibers of dedication. I'd put my money on Trader B because he put in more man hours. (~1,000 more hours on the clock to be more exact). ProTip #4 - Have a cushion in your account AND your personal bank account. Having a strategy is great but you won't know entirely if you can fulfill and execute your plan until you experience the ups and downs both short and long term. A strategy is constant over long periods of time... there will be days, weeks, and perhaps a month here and there where you aren't making much money. We hear all the time, "Trade like a casino". Casinos don't make money day after day but the odds are in there favor over the long haul. Month 1 of full time trading was great: Immediately after going full time, the first month (September 2019 to October 2019), I did super well. Business as usual. No stress. Everything going as planned. No turbulence. At least not like I had ever experienced... The 2 prerequisites I had before resigning was:
Show consistency in returns. Consistent Sharpe Ratio.
Make a 4 figure trade (I achieved this while short 100 shares on ROKU September 20th, 2019 and even made a victory post if you scroll down my profile's posts.)
First life-changing trading lesson learned as a full time trader: That money printing spree ended on NFLX October 17th, 2019. Less than 1 month of being a full time trader. Deviating and going against my plan I actually made $500 in a matter of 4 minutes. If you follow my watchlists on Twitter, I always trade with the direction of the gap. If I notate, "Long Watches" that means I will only trade it IF (and only IF) I see a long biased pattern. Likewise I will only be looking to short my "Short Watches". Plenty of times I'll call out a ticker and it immediately goes the other way. No harm no foul because there was no long biased pattern to confirm my thesis. On 10-17-2019, I went against my plan and it worked.. NFLX gapped up to resistance and I went short when it tanked off of a short pattern.(This is known as fading). The market gave me a free lunch and then some. So now I'm walking on air in my mind: "I'm an absolute unit" "I'll do it again and clear another $500 to make it a 4 figure day before 9:30AM Central" "Should have quit my job way earlier being this good." Within 30 minutes of the open. I gave all $500 back. Yes I wanted to trade it back. Never have I had the desire to smash anything but I do understand those who do! Yes I stood there and felt like each passing second was wasted opportunity. The next 24 hours were long! ProTip #5:It's circumstances like that that help you in the long run. FunFact: I never once deviated from my plan since. Not ever again. "I could have paid for my groceries and electric for the month after 4 minutes of trading if I just took the free pass the market gave me" I felt dumb but in hindsight, I'm glad at what happened. It was this exact instance that married me to my strategy/business plan. The next day and the 7 trading days following. I didn't make 1 profiting trade. My longest ever drawdown - 11 straight trades. While researching I found out this was Decision Fatigue (I'll go over this shortly below) Put yourself in that situation... You have bills and your income is strictly trading. I don't care how much a robot you think you are or how strongly you believe in probabilities, when you were in an office less than a month ago making almost 6 figures sitting in an air conditioned office knowing direct deposit is on its way every other Friday no matter how well or poorly you performed at work.. Now you're in the hot seat. Its a bottomless feeling. Now all of your friends and families words are ringing in your head. But just like a boxing match.. you gotta take a hit to get a hit. Win some, lose some, shake hands and get back to normal life. Water under the bridge. Mind you: •No guaranteed direct deposit every 2 weeks. •No more medical/dental insurance. •401K retirement is no longer being matched. 11 trades is nothing. You only require ~5.5 trades at 2:1RRR to make it back OR 3.5 trades at 3:1RRR. It's nothing especially in your research because you can easily just scroll a little more and see, "Oh that's just a drawdown. No big deal". How will you react in real time? Will you buckle or choke? But the thing is, I was skipping trades out of fear and JUST so happened to be picking all of the unsuccessful ones. (Decision Fatigue) Think about those 2 weeks of being in a drawdown. Half of the month. You're not just stagnant, your account is bleeding slowly but surely. Next time you're looking at your spreadsheet/backtest/predictive model/research.. try to put yourself in those days of drawdown. It's not just 11 boxes of red with "-1R" or "Loss" in them. The screenshot above on Imgur is just a recent example. Think about your daily routine, going to the gym, hanging with friends, grocery shopping, cooking, going to bed, waking up, doing a routine, then losing again.. and again.. and again. Try to think of life during those 300+ hours (Weekends too) of, "I haven't made money. I've lost money. And I still have bills. After paying them, I'll be closer to my set Risk of Ruin". Here's a lesson you won't learn before going fulltime but I'll do my best to emphasize it here: Pick a strategy. And stick with it. It can literally be anything. Don't spread yourself thin watching 20+ tickers and be a jack of all patterns/tickers. Be a master of 1 pattern and master of 1 circumstance. There's this real thing called "Decision Fatigue" which explains exactly why what happened.. happened. The article explains that the 2 outcomes of this mental strain known as "Decision Fatigue" is:
Risky Decision-Making
Decision Avoidance
Sound familiar? Does it kind of make sense now? As a new trader you have YouTube, Facebook, StockTwits, Twitter, "gurus", books recommended on Amazon, all throwing their ideas/strategies around, the market has opportunities littered all over.. Decision Fatigue is inevitable for the unprepared. Decision Fatigue happens in every profession. If you mess up at your 9-5, its just a blunder, your paycheck will remain the same. Just a slap on the wrist and move on. With trading, you make a mistake.. it's less food on your table, lights don't stay on, and/or water isn't running. That pressure adds up. No wonder so many fail... The signs of Decision Fatigue: •Procrastination. •Impulsivity. •Avoidance. •Indecision. When you find what clicks with you AND its either statistically or performance proven, have the courage to risk a healthy sum of your capital into it. There are strategies/patterns/styles of trading littered all over the internet: Very broad example: "IFcircumstance happensTHEN"Execution". Stoploss is XYZ. Target is XYZ.BECAUSEover a series of Y trades, I will make $X,XXX.xx". ProTip #6 :Strategies are all over the internet. It's your account/money, backtest it. People share their strategies here all the time and although I don't agree with them because I know what works for me, it's something to chew off of for you newer traders. YouTube is a harbor with people who give just enough info to figure their style out.You will lose trades. Sit for some screen-time and pay homage to the edge that you discover. All in due time. Insert key metrics and find correlations. This is how you create checks and balances to create/formulate a black and white trading plan. When I first started doing this, my spreadsheet(s) had so many columns it was annoying and would kill my desire to continue working. You'll find things that are imperative and some that are unimportant. For a lack of more colorful terms: "Throw stuff at the wall and see what sticks"Trim the fat. Rinse and repeat.
Here's some things I used to remind myself of and perhaps it'll ring some bells for you:
•Surrender your capital to your edge. If you truly accept the risk and trust your proven edge, losses don't feel like anything nor do profits. Although we're not here to put on losing trades and yes it does feel nice to profit. I still from time to time will excited when I hit target after a series of multiple profiting trades depending on my mood. •If you're nervous or your heart starts beating quicker when you hear the sound effect of a trade getting entered/filled. Be honest with yourself and ask yourself if you're truly accepting the risk. •Things you can't take to the bank:
RRR.
Win-Rate
Number of trades.
"This one great trade that I hit target in less than 30 seconds and I got filled better than expected"
All of these are integral metrics. But you're trading to make money. It's up or down, green or red, profit or loss, TRUE or FALSE. So with that said, find what works flawlessly and is easy to follow. Checks and Balances. Then allocate a good sum of risk into it. I read it here all the time, "Don't risk too much" and that's great and true for new traders. But don't sell yourself short. Push yourself over the edge and admit that you know your stuff. Think of Trader A and Trader B. If you've put the time in.. don't sell yourself short. You've built enough courage to learn a business so many fail at. This business has such a negative connotation. But remember that not everybody can handle meritocracies and that's exactly what the market is. Don't try to be the best, just work harder than everyone else and the output of your input will be relative. ProTip #7:YouTube trading ads from gurus... they're subconsciously making you think you're a novice trader.It's in their marketing. They study marketing psychology. The EASIEST things to sell:
Health
Wealth
Happiness
People that are desperate for those things are the most vulnerable and these "Traders" marketers are fantastic at portraying all 3 of those things at once. •ProTip #8 (Broken record alert) :Write a business plan. Your strategy shouldn't take longer than 4 sentences to explain to another trader. When you have a plan that's proven through a statistic and WAIT for it to happen, you feel100Xbetter taking the trade. You don't even care too much when it results in a loss. Because that was your plan, you accept it much better, and you know it was just an expense for a winning trade. Want my strategy? "I scan for stocks with a market cap of over 250M, 10k shares premarket, gapping to support or resistance, priced over $10, and I look for a pattern biased to the direction of the overnight gap. It isn't rocket science. Check my Twitter, look at the dates I posted, and you'll notice the gist. Yes this is an edge but not the entire edge. How fast can you sift through 15 time frames? How long does it take you to fill out your order ticket? Your Fibonacci time extensions with 5 EMA's and Bollinger Bands aren't helping you. They're lagging. If they work for you, great. In my experience, they hindered my visibility. Pro Tip #9: Yes statistics are highly applicable to trading. Patternsdowork. All patterns do is tell you WHEN to enteexit, and how many shares. Humans will never think differently of money. Be the frontrunner of the market's emotions. Nobody remembers the indecisive leader. Risk taking is a commonality amongst leaders. Trading requires courage and it's O.K. to show a bit of confidence as long as you also have the humility to admit when you're in a bad trade.(Notice how I didn't put, "wrong". You're only "wrong" when you deviate from a proven strategy.) ProTip #10:Risk management is 24/7. I've never heard anyone mention this but think about it a little bit. Having financial obligations can become stressful regardless of how you earn your income but its far more stressful while running a business. Not just any business, but a business where you can go to work on your A-game, do every single last thing right, trade without emotion etc... and still walk away with less money than what you came to work with. Meanwhile somebody who JUST started trading made a 4 figure profit not knowing what the heck the difference betweenETB, HTB, or NTB. Think of it like this, a JV high school baseball player can hit a homerun off of an MLB pitcher once.. but how will he fare at the end of the season? Traders don't predict stock prices, traders predict the outcome over hundreds of trades. People chat me asking what TO do rather than what NOT to do. You don't learn labor intensive jobs or how to fly a plane by what to do.. you learn what NOT to do to stay alive. That's all I have. Once you have a trading plan underway and you're executing it, you don't have much time when your hobbies are cheap but I still do respond to chats/messages. I do get asked from a previous post when I'll build a website and to answer that: I'm learning how to build a site on rainy days. Can't put a definitive date on it. I will say that its coming, if you don't give up on this business in the next year or so, you'll see it. What I plan on putting on there:
RiskReward Calculators
Position size Calculators
EV Calculator
Dictionary with examples
I just don't want some generic WordPress site. I want my website to be stellar and a great resource for aspiring traders. Something I didn't have learning this business. I want it to be something I'd consider a staple in a trader's resources. Perhaps one day it will be referenced on this sub frequently. FAQ:
"How do you prepare for a trading day?" I get behind the computer about 20 minutes before the bell. Reason being: "If you study long. You'll study wrong". If the chart isn't grabbing my attention and gets me excited, then I flick to the next ticker. I don't even know the companies I trade half the time nor do I care about a news report some journalist wrote. Also there is no magic news outlet that lets you know about "Major events that affect stock prices". If there was, I wouldn't be here because we're all subscribed to the same edge nor would I be trading my style.
"What would you go back to tell yourself?" Get more data. Save a little more, your hairline and sleep schedule will thank you. Take only perfect trades and don't feel forced to trade. There will be days you don't touch an order ticket. And days where you are busy and have tunnel vision. Next thing you know its time to shut it down for the day.
"Books?" - I try to humble myself when answering this but off the cuff, they're all mediocre. Andrew Aziz's was ok, definitely get it, it's only a few bucks on Kindle. Just don't expect it to give you strategies BUT it will give you ideas. If you're brand new, it is good as it will teach you the common vernacular of a day trader. Mark Douglas was interesting but his YouTube seminar recordings are much better. No book, Facebook group, YouTube channel is going to be the end all be all perfect strategy. Expect losses. Don't be a one hitter quitter after suffering a few tiny losses/paper cuts. Stick to it. Most books will help you familiarize yourself with the common vocabulary amongst traders and will hint ideas. It's your job to formulate the strategy and template for research.
"What is your background?" I was a logistics planner for a major oilfield services company. Later I then became a data/buyer analyst so yes, data analytics/research was a 2nd language for me entering trading. I did have that upper hand and did shave off months if not years for me.
"What is a normal day for you?" I'm always done trading after 10:30AM Central. I will hold onto a trade until right before the bell if it hasn't hit either target or StopLoss by the time I leave the house but it is absolutely closed in entirety by 2:55PM Central. After I trade, I enjoy the day. No I'm not riding around in my Lambos posting IG/Snapchat (I have neither) stories of my profits with my private jet waiting on a runway trying to sell an $7 eBook or a $100 membership (HINT HINT). I grill/cook, read, workout, ride my motorcycle, attack my other sources of income (small businesses I'm building), hit the driving range, shoot guns, etc. I live in Texas. Life is cheap and fun here.
"How did you discover your strategy?" I bought TradeIdeas premium, went through all of their computerized backtesting patterns, tested them. Then did what I mentioned earlier... Tried to find correlations in metrics. It distilled the trades to a strict criteria and here I am. I post on average 4-5 tickers on my watchlist. 7 max. I do not like spreading my attention thin across multiple tickers. I do not recommend buying TradeIdeas, it does have lots of bugs.
"What did you do/How did you get started?" Was a data analyst, was good at research and applied it to trading. My incentive was, "I could have made more money trading rather than sitting in 2+ hours of roundtrip traffic and 9 hours in an office. The data is there. Everybody sees the same charts all over the world. There are ways to make this possible"
"What is your % return?"(Not a fun question since a trading account is not an index or investment account. Intraday traders do not measure performance in %) I trade to make money AND pay myself, so my equity curve will look like a small loss or small gain after I pay myself. % return? I measure my account's performance in Sharpe Ratio and Risk Units. My Sharpe Ratio is ~1.85. While I yield roughly .8 - 1 R per trading day. Some weeks I make 10R. Some weeks I lose 2R. Yeah one week I might make $2,500. But the next week I might lose $300. The following week my strategy will yield $0 and the last week I might make $1,000. Some weeks suck. Some weeks are great. But overall. Just shy of 1R per trading day. Some days I'm super busy taking trade after trade. Some days I'll shut it down after 5 minutes without even filling out an order ticket. Some days I won't even see the open because there is no edge for me.. Keywords... "For me".
"Is enough to start trading?" Depends on where you live. Are you restricted to PDT? If not then how much are you obligated to expenses? I live in Texas. Things are cheap here. If you live in NYC or The Bay Area your expenses will be astronomical compared to mine. A $30,000 account is totally doable for a single Texan with low monthly expenses. Now if you're in California or New York? I'm sure you'll fall below 25k if you have 1 bad month. Also depends on if you have other sources of income or a full/part time job. I encourage every trader and aspiring trader to have multiple sources of income, don't rely solely on trading. Not just for the sake of mitigating pressure but also for sanity. If you have a family to provide for, I don't know what that's like, you never know when Little Johnny is going to randomly pick up Trombone lessons for a school program/play while little Suzie needs transmission work in her car because a simple solenoid went out. $1,700 later.
"Why do you need so many monitors?"I use 3 for trading. The 4th is for music. The other 2 are useless while trading. That's for trading though. When I made the decision to go full time, I knew I was about to go off the chain with research. And sifting between spreadsheets, a platform to see multiple timeframes for a pattern to backtest. My attention span is short, I'll lose my train of thought before I open the other tab to input data. But the main reason was for research. It's such a time saver and is a headache repellant when doing research while everything is laid out in front of you. Now that I have a system. I'll most likely be treating myself to 2 ultrawides for Christmas.
As always, thank you to everybody who takes time out to message me and letting me know some people read these and show appreciation. I would say, "Good luck" but there is no luck in trading. Just statistics. Remember that! In conclusion: Yes. Full time trading is possible, depending where you live/monthly expenses and obligations. You're more likely to become a profitable trader than a professional athlete. There is a level of uncertainty each day, perhaps each week, doubtful each month, and definitely not each year. If I ever want a raise, I just consult my business plan and financials, then decide if I can handle it mentally. If you have medical issues, get a part time job for the benefits. If you're healthy, just be careful. All the best! -CJT2013
Chapter 1 | Chapter 51 ----- Several moons, at least half a year, have passed since Galizur left the camp near the portal. After reporting everything he saw and heard there to the heavens, emphasizing the Emperor’s demands, he was relieved of his task. With nothing better to do, he spent his days roaming the heavens, trying to find anyone who could know something more about the portal and anything related to it. To his surprise, the information was very scarce. His fellow diplomats were oddly clueless about the subject. That was a new one, since the heavens were always very knowledgeable about what was going on in Greadinall. All its races would gladly share the information with the heavens, hoping to earn their favor. However, this time, everyone was eerily silent. It seemed as if every nation had a plan of its own, and wasn’t willing to share it. Some were even so arrogant to claim there’s no need for them to tell anything since the heavens see everything anyway. That was hardly the case, but it was an elegant way to get the mortals to confess their sins. Making them think that somebody is always watching made them much more talkative. However, it seemed as if the mortals got wiser about it. And what made it so strange was that all of them got wise about it at the same time. In other words, someone had a hand in it. The logical culprit would be the high elves. Seeing themselves as superior to every other mortal race, they never liked that they needed permission to do anything. They’ve been doing their best to undermine The Timkik Empire for centuries, with the excuse being that the timkiks were too selfish and incompetent to rule Greadinall. The heavens agreed. After all, the high elven logic made sense, and their arguments were solid. It all started slowly and in a small way. Creating special, minor tariffs for the timkik merchants who wanted to sell outside of their homeland. Making it slightly harder for the timkik church to project its influence outside the Empire’s borders. But, with each new century, the high elves got progressively more aggressive. Not directly, it never got to the point where the high elves would directly challenge The Timkik Empire, but every century they’d find a new way to chip away a small piece of timkik strength. Sensing that the Empire’s strength was slowly waning, the hosagian kingdom rose, demanding that the land that timkiks took from it a few millennia ago be returned. So, the war started, which lasted for several centuries now. The high elves joined the hosagians but were unwilling to send their own to die in a war. So, they supported the hosagians from a distance, with coin, resources, and a few of their highly-skilled, veteran mages and Pegasi knights. Their navy also played a significant role, especially during the siege of Qalo, supplying the city through the port. Their involvement stabilized the war, making it impossible for any side to win, draining both timkiks and hosagians in the process. The heavens realized what the high elves were doing but didn’t seem to care about it. After all, the mortals have every right to play their games, just how the heavens play their own. And now, with their biggest mortal competitors exhausted, it seemed as if the high elves were trying to limit the influence of the heavens, the only force remaining in their way to dominate all of Greadinall. At least that’s what some angelic diplomats have concluded. However, the others disagreed, with Galizur being one of them. Cunning as the high elves are, there was no way they would ever trick timkiks into opening a portal to hell. Yes, the high elves are cunning and unforgiving, but they’d never risk another fall just to obtain more power. They aren’t fools, far from it. What would be the point of spending centuries carefully navigating through the obstacles, only to have the demons ruin everything when they pour through the portal? In Galizur’s mind, the high elves have invested way too much to make such an uncertain, stupid gamble. After all, they’re known for their meticulousness. Taking risks is simply not their style. So, someone else was pulling strings in this case. And what concerned Galizur the most was that whoever was behind the portal could also be behind the discord the high elves have created among the mortals. In other words, the portal could be just a tiny portion of a much, much bigger plan. But, putting that thought aside, the mortals have finally reached an agreement. It took them many moons to do so, but they did it in the end. The agreement was that there would be no agreement. The Timkik Empire has rejected the heaven’s proposal, hosagian and high elven kingdoms have rejected the timkik proposal, while the rest of Greadinall couldn’t care less about what was going on. And, what that meant was that at least three-quarters of its people weren’t interested in opposing the demonic invasion at its early stage. While timkiks, hosagians, and the high elves had a major influence over the continent, that didn’t mean they were the most numerous. They were just the loudest and the most aggressive. The situation would be alarming if not for the fact that the timkik Emperor didn’t come crawling on all four during this time, begging for help. Expecting exactly that, the heavens have created a plan where the hosagian army, with some high elven and angelic support, would swoop in to contain the demonic hordes. The idea was that, once the demons have started invading, the other nations would realize the danger they’re in and would mobilize their armies. The plan also counted on the fact that the remnants of the timkik military would also join the fight. After all, their own homes would need some liberating. But, the moons passed, without any news of the demonic hordes reaching the heavens. Not only that, there were no further requests from the timkik Emperor. You’d expect the ruler in such an epic pinch to be far more vocal and concerned about it but, instead, the timkik government went completely silent. So, since no information was reaching the heavens, Galizur was sent once again to examine the portal. The excuse was very simple. Officially, he was to report how the interracial summit went to the portal-garrison commander. That way, even if timkiks were to complain about the unannounced visit, Galizur would present it as a goodwill gesture from the heavens. After all, one doesn’t share useful information with enemies. --- Galizur didn’t have to land to realize that things have changed dramatically. First of all, there was no camp anymore! In place of the small camp with shaky palisade and ragged tents now stood a small town! Even from above, he could see its streets bustling with activity. Not wanting to spook the people, he landed some distance away, deciding it would be more prudent to approach the town on foot. Before he has reached the town itself, he noticed two familiar faces approaching him, the dark-skinned military commander and his lighter-skinned knight companion. “Ahoy!” The commander said heartily while raising his hand in greeting. Galizur gave him a deep nod as an answer, “I take it you want to speak with the royal archmage?” “Indeed, can you please take me to her? I have some information she will find useful.” “Please, come with us.” Taking a better look at the commander, Galizur noticed that he was wearing some strange armor. It glittered in the sun, meaning it was made out of metal, but it wasn’t the plate armor he was used to. As strange as it sounds, it appeared as if the small pieces of metal were weaved together into an armor piece. However, he decided not to comment on it yet. “Just the two of you came to escort me? I would expect you to have some more soldiers with you.” “You didn’t come here to cause trouble, didn’t you?” “Of course not.” “Then, the two of us will do.” As they approached the town, Galizur realized that most of the houses were made in a very simple manner, from wood. He couldn’t notice a single solid structure. “Where did all these houses come from?” He asked, “I wasn’t here for a long time, but not so long for the houses to just pop up all over the place.” Heartwell barked a small laugh: “The dwarves are to blame. Once they saw the trinkets the other world has to offer, they rushed to settle here. Most of the people in the town are dwarves.” “Trinkets?” “As it turns out, these demons are as good at creation as they are in destruction. But, Hazelmere will tell you more about it. I’m just a simple grunt, entrusted with your safety.” Looking around, Galizur realized that what Heartwell was saying was true. Almost every second person he saw on the street was a dwarf. And it looked like all of them were busy, going about their business in a rush, not paying much attention to an angel who has descended from the heavens. “We even have a market here now,” Heartwell said, “if you follow the clamor, you’re bound to find it. A lot of merchants from all over the Empire come here to trade. Dwarven merchants too.” “So, people aren’t worried about the portal? About the demonic invasion?” “Not at all.” “I take it there are some good reasons for such enthusiasm?” “Yeah, there are several of them. But our commander will explain it much better than I can. She’s far more eloquent than a simple peasant like me.” They continued along the dirt-paths which acted as the streets, connecting the houses into neatly arranged rows. Even though everything about the town was simple, the orderly arrangement made it clear the dwarves have had a significant part in its construction. The town was tiny, so it didn’t take long for them to reach their destination. It was a warehouse-sized building, looking far sturdier than the buildings surrounding it. It wasn’t made from stone, but the wood was clearly of the far more durable sort. It also had two floors, making it resemble a decently successful tavern in a way, putting aside the difference in size. Galizur noticed some very interesting details on it, like the Empire’s coat of arms, surrounded by several dwarven ones. He was also surprised to see that such a building, made from wood, had glass windows on it. With perfectly transparent glass at that. Something Galizur hasn’t seen on the biggest, most luxurious mansions. Entering the building, Galizur was greeted with more strange sights. There was an unfamiliar big, round object, high on the wall, with numbers arranged on its edges. Some strange, vertically placed, white tables, with all kinds of differently colored words written all over them. A big mirror with a perfect reflection, so perfect Galizur had to stop for a moment to check if another angel is in the building. And, the strangest of it all were the people rocking in their chairs, everywhere around him. Some of them rocked themselves back and forth as if possessed, while the others would spin around. After some time, Galizur realized the people were perfectly fine. They were just sitting in some weird chairs. “Oh …” “Oh, no …” Galizur realized what that meant but maintained his composure. He remembered Hazelmere warning him about this, and he did his duty reporting that to the heavens, stressing the logical argument the timkik mage has presented him with. However, while the heavens were too busy sorting out the mortals’ disagreements, the demons have clearly opted not to waste any time and act as soon as possible. “That explains why the dwarves got so invested in this place. And why they aren’t afraid of the portal,” he thought, “as long as their greed is satisfied, they are fearless.” Heartwell and Vukasin led him to the upper floor. The stairs didn’t creak as they climbed them, confirming that this place was built with durability in mind. “So, they are here to stay.” Passing through the corridor, his escort led him into a very spacious, bright room decorated with a lot of furniture. The furniture looked quite alien. The table and the chairs were too thin to support their own weight, let alone anything else, while the two sofas left the impression of elegant … … nothingness. Two white tables stood vertically, with all kinds of scribbles on them, identical to those on the ground level. “Welcome! Welcome!” Cheerful Hazelmere greeted him, not giving him the time to take a better look around the room, “I was eagerly awaiting your return!” “Ahoy,” Galizur responded politely, “I am glad for such a warm welcome, but I feel bad for making all of you take the time of your day just to greet me.” There were quite a few people in the room. Not counting Hazelmere, Heartwell, and Vukasin, four archmages, an archpriestess, and three dwarves were also present. “Oh, we would be here anyway! We are here all day, every day, examining the things from the other side!” “So, the demons aren’t sending just the books now?” “Yes! They became far more generous. Of course, we are sending some of our own gifts in return, like you have suggested we should do!” “No, I didn’t…” Galizur remembered, how he was the one to encourage Hazelmere to send some books to the demons as a sign of goodwill, saying that the goodwill the demons have shown should be returned. It has certainly bought the heavens the time they desperately needed, but he never expected it to backfire like this. “Is something wrong?” Hazelmere asked. “No, I just … I am just surprised by how the things are playing out.” “We are surprised too! We can’t believe it! For a bunch of frost-dwelling demons, these people certainly have a lot to show! And teach!” “Teach?” “Yes! The dwarves are obsessed with their mathematics! Especially the ones that calculate the behavior of objects! I heard that the dwarves have a racial affinity for math, but it looks like these demons have them beaten.” Galizur looked at the present dwarves uncertainly. Wyvernshield just shrugged: “Just like the lass says. They have a far better numerical system based on tens and have far superior logical operators.” “They can even calculate the trajectory of celestial beings!” Another dwarf couldn’t keep his mouth shut. For the first time, Galizur’s face showed the slightest of frowns. His big wings rose slightly. “What did you say?” “Don’t take it the wrong way, the lad is just too enthusiastic. We aren’t sure about that yet. We’re still experimentin’ with those equations.” “Need I remind you that the demons are famous for their deceit?” “Aye, which is why we’re testin’ everythin’ they claim.” Hazelmere jumped between Galizur and the dwarves, an uneasy smile on her face. “Anyway, I take it you bring us some news? What is going on with the other nations? Will they be coming to help?” The joyful enthusiasm in Hazelmere’s voice made it easier for Galizur to forgive the insulting implication. ----- Chapter 53 ----- My Patreon Or, if you feel like doing a one-off donation with PayPal, you can do it here
The difference between Colby's and Woo's move at final 3
Colby brought Tina to the end solely because he wanted to bring a worthy opponent. He didn't bring her because he believed he could win. He actually acknowledged he'd have beat Keith, but only had a 50% chance against Tina at best. He knew he was taking a gamble, but was ok because he wanted to be the good guy. There was zero strategy in his decision. Based on his morals. Woo brought Tony in order to be honorable, similar to Colby. However, that wasn't the only reason he brought Tony. Unlike Colby, Woo genuinely believed that voting out Kass and bringing Tony would help him win the game. He believed he'd earn points from the jury for bringing a worthy opponent. There was a certain amount of strategy behind his decision. Woo, while wanting to be honorable, genuinely believed he had a shot of beating Tony. Woo's decision was half moral, and half calculated. The difference between the two is that Woo's move had a certain amount of strategy and calculation, while Colby's decision was solely out of morals. This is why I say Woo made the worst move, and Colby's move should not be in the dumb moves categories. Even if you do include Colby on this list, Woo's move would definitely be worse. Btw, anyone that says Kass could have won, I don't buy that. That's all Kass's take and revisionist history.
Extensive list of "improvement notes" I used to climb from Silver to Plat with Yuumi
I recently climbed to Plat for the first time playing nothing but Yuumi, and wanted to share some notes I compiled along the way. Ever since high Silver, after each game, I would try to think hard about mistakes I made, going back to watch the replay if necessary. If anything stuck out, I would make an "improvement note" in a text file. These really added up after a while, and I have pasted the entire list below. Those closer to the top are more recent. There may be a few typos here and there -- feel free to ask if you don't understand something.
When early game goes rough, you often start tunneling on immediate fights, and forget about vision set up around OBJECTIVES; try to calm down and think further ahead
Using Ignite+Exhaust on a seemingly isolated target while enemies are missing keeps baiting your allies to overcommit, and then die to the response
Basic: deep river wards are good against speedy junglers, but make no sense if your jungler is just about to take the crab in that same section of river...
In lane, highest payoff of mental energy seems to come from: 1) avoiding all CC; 2) hitting Qs (these add up!); 3) procing passive on enemy ADC while they last-hit
Reminder: continuing to lose 2v2's post-6 against Lulu in lane, even with significant HP advantage and good engages; stop underestimating her poly+R combo
When an ally is getting CC'd and potentially picked in an early invade, give them the heal and shield, then gtfo onto another ally; safer, and equally effective
Reminder: bush wards do NOT cut it against Hecarim, Nunu, Rammus, etc.; to be safe, you NEED a mid-river ward, and if possible, a control ward in your own jungle
With Tryndamere: even if he's fed, he's not a great anchor; your heals have anti-synergy with his kit, and may throw him off his ult; let him split if possible
Reminder: as games get later, not body-blocking a single Jhin W can mean ADC dies, which can in turn insta-lose the whole game on the spot
Best practice for ulting: ping your ult + target beforehand -> calculate best angle and fire -> continuously look for improvements using W and E for full duration
Missing P procs in crowded minion waves; try to better incorporate the target champion only key and use right-click on them
For first ward when on red side, putting it a bit further into the river, or bit left of the bush, will both give more time to see enemy jungler coming to gank
Reminder: whenever LeBlanc is anchor in a fight, you need to be holding space; crazy woman is constantly blinking, reverting, and cloning; very easy to get lost
When you get off to a really good start, you sometimes get too hype and want to perma-fight in lane; this is very dangerous if enemy jungle/mid are missing; careful
Weird aspect of Yuumi: perhaps because you often end up mainly supporting just one person, multiple teammates often feel useless; accept this and play, don't tilt
Against Sylas: in order to not get caught off guard by his CC and escape options, you MUST pay closer attention to whose ultimate he has
According to leagueofgraphs.com, my weakest stat by far is my gold income, relative to other Yuumis; seek out more quest procs -> get Moonstone sooner -> win more
If you're under 10% HP, just don't get off OR switch allies in any remotely hostile environment; sometimes weird effects proc and you just die to a light breeze
If you only have enough mana left for one heal, never use it to top off ADC, no matter how long they are; wait for right moment to use it to maximize MS/AS as well
Reminder: STILL forgetting to use heal when running it; try just permanently thinking about it?
Rather than wait out enemy CC before procing P, it's often better to ANTICIPATE ally CC, and then proc P during brief window where enemy can't retaliate
In a tight chase down on enemy target, E first to get your anchor closer, THEN Q to apply the slow; seems straight-forward, but you often mess it up
Playing a passive, safe lane is very coin-flippy (and boring), but against bad matchups (e.g. Thresh) that is better than trying to force an advantage and dying
When a teammate is tunneling and throwing, but doesn't seem outright tilted/toxic, try pinging them harder; may help snap them out of it
As games drag on and everyone tilts, both teams often seem to get dumber, regardless of who's winning; just chilling and looking for picks is weirdly effective
Even with Elder AND Baron, if your team doesn't have any tank/engage, and some members are weak, you can't just run it down mid; will have to split-push a bit to end
Reminder: if an important objective fight is coming up in ~1:30 min, you NEED to place wards there, back, and refill your wards; this is a critical responsibility
Observed: body-blocking works not just on Kaisa's W (missile), but also on her Q (burst), as some of the projectiles will naturally target you
Observed: if you are on Illaoi getting collapsed on 3v2, and she chills in a bush, the approaching enemies are in as much danger as you; stay calm, Illaoi strong
Observed: whenever anchor is backing, maximize downtime to scout whatever you safely can nearby, and W back to them at the end of their channel
Observed: you need to use W to laterally reposition during your ult more often; it's often key to rooting more enemies while your original anchor does their thing
Observed: you can proc passive on most forms of enemy clones, including Illaoi spirits
Observed: if enemy support keeps roaming and you can't follow, you should be attempting to freeze on enemy ADC
Reminder: you are a good tool for freezing waves; you can start tanking aggro if alone, then repeatedly apply aery to your ADC for free freezing
Observed: you are not utilizing Q to scout bushes enough; it's pretty cheap and can save a death
Observed: body blocking all types of enemy projectiles at the very last second is incredibly effective
Observed: if your ADC is absolutely going to be fatally hooked, and you can anticipate it, get off and take one for the team
Reminder: on ADCs like Ezreal and Tristana, if they get caught out and still have their dash, do NOT get off to proc P and then get left behind
Observed: on blue side, bush above red buff is a nice spot for an early control ward if you have a moment; try to use it more often
Client keeps resetting preference; ALWAYS make sure you have champion names visible over health bars, to prevent skins confusing you during key moments
Decent anti-tilt strat: after you make an "inexcusable" mistake, consider the game a well-deserved loss; then just play your best for your team, regardless of outcome
Against ANY type of engage/ambush/all-in lane opponents, just start E; you or your ADC keep giving up first blood from sudden, whacky shenanigans
When an ally makes you die, there will be a burning sting through your neck, stomach, and legs; if can feel it and not tilt, that's a major advantage over opponents
When a game is going well and there is no perfect support item to build, strongly consider building: mejai's, boots of lucidity, and redemption/mikael's
Major: you keep baiting in your ADC's with sudden exhaust+ignite on enemy ADC; instead, just ping they are ready and target, and let YOUR ADC be the one to initiate
In a way, every game starts as a coinflip either for or against you, just the degree varies; your goal: lose no games in your favor, and win those slightly against you
Reminder: you tilting leads to losses more directly than teammates throwing; enjoying or at least tolerating the game while losing is a very underrated "skill"
Even in high elo, good decisions are worth much more than perfect mechanics
10 minutes worth of smart lane trading can evaporate in an instant due to one slightly careless misposition; the game always hangs in the balance
Rage warding a new pink ward while your old pink ward is being destroyed is very rarely worth it
Reminder: don't blow your E for AS/MS alone unless there is zero danger of counter-kill; better to hold it for heal value in most cases
If possible, you want your lane to be a slow, safe war of attrition, not a violent fiesta of death
Reminder: when one enemy is uber-fed, you MUST save exhaust for them at all cost; doing anything else = directly lose the game
Reminder: ultimately, you will climb if you consistently outperform the enemy support; that means better lane trades, better vision, better objective/teamfight support
Against Rell/Tristana: if they hit level 2 first and all-in, they are capable of killing your ADC under tower, unless you start heal (!)
If your ADC gets hooked and locked down, try to time and aim your ult to root the enemy ADC just as the CC chain ends; this gives your ADC the best chance at escaping
After Moonstone, a point-blank Q can actually provide a critical heal to another teammate; in this rare situation, point-blank Q is good
Teamfighting directly underneath an angry Baron is not a good environment for Yuumi; his AA's alone can quickly kill you
Bad habit: when low HP ally is running, you keep trying to proc passive on the pursuer, and getting caught in hard CC; sometimes, it's better to just pray
When your team is winning early, it's fine to play safer, but don't play lazy; at the very least, keep hitting your Q's
Against any melee support, whenever their dangerous spells are on CD, HARASS the living hell out of them; show no mercy (though watch out for enemy ADC of course)
Too often, you "go down with the first ship" in teamfights; unless they're the sole carry, just let your anchors die; because if you die too early, then EVERYONE dies
Reminder: respect enemy burst more at level 2, regardless of their comp; you keep giving up first blood, stop that
If you are solo guarding while enemy ignores you and whacks your tower, treat them as a gold sponge; +20 per quest proc is great
Observed: on blue side, you can often soak lane experience at full value while in river bush, in order to better support your jungler invading enemy bot side
Observed: on blue side especially, if enemy jungler can't dash over walls, no reason not to ward a bit DEEPER in river on first ward
If your W gets put on CD, don't take potshot Q's while off; they are very unlikely to empowered hit, and you can be much more effective in a few seconds
Don't neglect landing your empowered Q's during key teamfights; the slow and extra damage are significant; keep one eye on your anchos, but aim it properly
Against Swain: fyi, his W (eye) has an insane range (5500+); also, his E (claw) has 850 range, and gives least time to dodge root at very tip, making it quite deadly
When you and your anchor get collapsed on in neutral territory, sometimes breaking off and running in opposite directions makes the double-kill impossible for enemy
Against Alistar: his flash-Q with ADC follow-up will 100-to-0 you through all countermeasures at all levels, just like Sett
Reminder: STOP getting off for random greedy P procs; you are throwing fights
For squishy ADCs like Twitch into CC heavy enemies, consider starting Mikael's; test it out a bit
If things are going south for your anchor, start looking for Plan B anchor immediately; slight delay can make a big difference
Consider P proc in teamfights as risk/reward; better to lose one anchor and continue the fight than lose whole game from getting hard CC'd and dying
In ~3/4 of games, someone on your team will be making attrocious decisions; if they're not playing with the team, do not encourage them with heals
When chasing and weaving in AAs, be more mindful of W CD; sometimes it is better to do nothing and just wait for Q
Reminder: when facing a tank support in lane, hard focus their squishier ADC with Q poke; if they all-in, hard focus their ADC in counter-attack
Against Malphite: if he levels up sapling first, then you probably want to start E; starting Q and then having your ADC get chunked low can be pretty rough
When games devolve into total fiestas, just sitting on whoever is farming mid is an okay principle; you're pretty good in ARAMs, and less likely to die in a pick
When you feel someone on your team doesn't "deserve" the win, just go on someone else who does; feels better, and sometimes it works out
When a carry is on a full rampage, just stay on them; no use trying to keep the whole team together, as the carry may dive in without you while out of sync
Your mid-laners keep getting killed by roaming enemy support; since you usually can't really match well, you must ping better
Against Sett: careful, his flash-E will not just chunk you at level 2; with his ADC, it can straight-up 100-to-0 you even through your E, potion, and ADC heal
Reminder: champ icons are safer to W to than champ models; also, you can't just W around in later teamfights once you've been chunked once; will explode
Against Lulu: if all her CDs are up post 6, you can't 2v2, even with HP advantage; she will just polymorph your ADC while ulting hers, and you will quickly die
Against Galio support: if possible, you want to poke down the enemy ADC with AP, while your ADC pokes him down with AD
Not tilting seems to make you play about 25% better, which is usually enough to turn a game
Reminder against Jhin: later in lane, his 4th shot or 4th bounce will chunk you for like 50% or more; imperative to keep track of and avoid these
Consider: roaming before end of laning phase often disheartens ADC a bit, especially if they get 2v1'd; try to ensure the roam is worth the mental toll
When an ally is "medium raging," just sitting on them and healing them a bit more than usual can actually seem to calm them down...
Reminder: on average, roughly HALF the players are better than you; if an ally is carrying, try just trusting them unconditionally unless it repeatedly backfires
Reminder: hold onto Exhaust, and put it on a dps carry, NOT a tank or support
Somehow keep getting stuck on the wrong side of the dragon/baron pit; again: stick to the member with dashes to avoid this
Unless grinding for wins, looking up teammates before the game often seems to make you play worse, like when someone is first-timing their champ, etc.
Late-game, try to save ignite for large threats with high healing, or those about to leave vision; don't just slam it on anyone unless it's the FINAL fight
Weird: if you ditch the carry before they die, they may believe they would have lived with you there, and int more; sometimes it may be worth dying WITH them??
If a teammate does something that makes you lose the desire to win, remember we're all ignorant in different ways; play for the moment and limit test
As soon as a player toxic pings once, mute them until at least late game; repeated toxic pings are sapping your desire to win
Play purely for improvement (win/loss due to team is meaningless!), until you feel you are at goal elo threshold; then play hard for the wins to try and reach it
Don't type after the match either, unless it's something all-around positive; not good for mental health
Major: sometimes you know your ADC is bad, but enemy gets low; in such cases, going in usually backfires horribly; just play safe, and do NOT fight with them
Pay closer attention to ebb and flow of minion waves for Q and P procs; there are certain windows when it is much easier to strike
Against Poppy: getting off or on in her W field counts as a dash, and will severely mess you up; never do that
Be liberal in your use of caution/danger pings; don't assume people see or understand obvious risks; this is your best chance of "improving teammate IQ"
If your ADC gets chunked horribly low and looks to back, don't bait them to stay with heals; good junglers will just dive and kill you before you can recover
Against Ekko: his W stun is telegraphed enough that you should never get caught; don't cut it too close either
Even when there is nothing to be body-blocked, getting off and getting aggressive can sometimes distract enemy enough for your ADC to escape in close fights
Pattern: your ADCs keep trading 1 for 1 in early bot lane battles; if possible, YOU should be the one dying in these trades, not them
There is an art to abandoning a teammate; heal them if they can get a kill, heal yourself if they are totally doomed, save heal if a new anchor is closeby
Some carries do NOT want your help (i.e. exp share) until late game, and will actively int if you force it; may need to play "suboptimal" to increase win chance
Boots of lucidity work surprisingly well after second item; CDR makes a big difference
Rare: potentially lost an entire game by hovering cursor too near a teammate while trying to get off to proc passive; be more precise
If enemy team has a single carry tearing through everyone, ping them hard whenever you see them in standoffs and throughout fights
In wild skirmishes, if you have ample health, things are really coming down to the wire, and everything is on CD, just get off and start AA'ing/body-blocking
Against Jhin: by mid-game, 3 ult shots will kill you; be careful not to get too carried away blocking; also, just stand still to block if possible, safer
If a hard carry anchor is destroying a T1 or T2 turret, and you can back, you can do so before it falls to increase the local gold going to your carry
General: at least once a game, you seem to make some completely questionable ult/exhaust/W decision; try to slow things down a bit and not make nonsense plays
Against Morgana: W is too slow to dodge her bind if she fires it from medium distance; give it more respect
When you have low vision and feel a gank may be coming, don't just ping once and hope your ADC wards; ping a lot, back off, and stay safe
The first honey fruit spawns between 6:00 - 6:30 near dragon pit; consider going to get it at 6:20 if safe
The wall-jumping blast cone spawns between 5:00 - 5:30; factor this into gank considerations
River ward placed at 2:30 will expire just as second ward comes online at 4:00; together this can give uninterrupted river vision until 5:30
When an ADC is not stepping up for your Q's to land, try pinging your target just before you fire; may help them get the message
Minor: when steering by map and hopping off to path to different ally, you keep hopping off in wrong direction (towards map); stop doing that
Still not used to running heal; when ADC takes ignite, try crossing your toes or something to remember
Unless you're at max mana, just do not shoot low chance/impact Q's in lane; your mana conservation is usually more important than your quest item
Talk as little as possible during champ select; much better for your mental
Especially when with jungler, need to be aware which of you revealed the ward, so that the other one can clear it for more gold; basic fundamentals
If ADC is pushing up with no vision, neither should you sit on them nor facecheck bushes; just BACK off, they can die alone if they insist
Against Neeko: she can be a surprisingly tough support to deal with; her emp. AA stings, her root is deadly, and her disguise can bait important CDs; careful!
Reminder: Wukong's ult continues to put your W on CD at bad times; whenever he is in the game, pay special attention for it
Consider getting an elixir of sorcery a bit more often if you sense both teams are tilted; one big win at a mid-game objective often makes the other team ff
Wasteful double-wards with allies happening fairly often; try to anticipate ally ward, or else ping your own ward and the spot beforehand
When there is clear down-time with no objectives, priority is: ward / rotate for possible picks -> back for more wards -> soak exp.
Leading up to a river fight, if no one else is placing control wards, pixel bush often get more mileage than dragon/baron pit; sweep pit and ward later
When you are below average level, melee minions actually take 2 tower and 2 AA's to kill
In poke-heavy lane match-ups, make better use of aery shield as a blocking tool; especially good for Tristana and Zilean delayed explosions
Roaming to mid briefly after first back often has surprisingly good outcomes; even topping off their HP, hitting a Q, and leaving can give them an edge
Immediately going for free passive procs should be second nature; keep them in mind always until they are
Poke a bit more conservatively in lane, and try to focus the same target repeatedly -- whoever seems worse at positioning/dodging
When someone ganks you successfully once, there's a good chance they'll try again by the same angle; ward accordingly
In skirmishes and teamfights, work on holding Ult for an extra second; the improved angle once people burn their dashes can be devastating
Quick hop offs to land Exhaust/Ignite still need significant work; focus extra hard when you anticipate needing to land summs at longer range
Reminder: competent enemy supports will just clear your vision on objectives before fights; better to set it up well ahead, and then back for more wards
Sometimes, you really don't need to be fast and flashy; just give the heals and wards and hit your Q's, keep it simple; otherwise, risk a rushed misplay
When there's Leona+Wukong right on top of your anchor going nuts, you just can't get off; CC everywhere
When going for picks, there may be no "perfect" ult angle, as they can just dash diagonally out; then best to ult to cut off the max amount of retreat path
When it's too dangerous to get off, a point-blank Q can proc moonstone renewer and give an emergency heal to a nearby ally
Reminder: when getting invaded through tribush on blue side, run DOWN around the rock outcrop; cuts enemy vision of you, and you can ward back over
Reminder: when alone and getting invaded on either side, you must E in the proper direction within about 0.5 seconds, or you should die unless enemy messes up
Against Yasuo: don't forget or underestimate his tornados; they move fast, and getting hit by one at the wrong moment can lose the whole game
Minor: just put support item on proper key to begin with; it doesn't shift when it upgrades
When AA'ing a tower, rather than mindlessly kiting back and forth, better to position in safest place, and then inspect the map/scoreboard
In lane all-ins, once you've used all your CDs, it's often best to just stand directly in front of your ADC and AA; if you die and they live, it's ok
"Hookshot" Q's that you can bend all the way behind enemy minions have very high hit chance; keep them in mind as priority method
With Ekko: avoid procing shield when he's likely to ult; very easy to get left behind
Generally, the deeper up the river you can ward, the safe you'll be; ward near the actual crab early if convenient
When behind, just stay calm, set up vision ring, and predict where/when enemy team is most likely to greed; be ready to punish
When taking Baron and things get hairy, best to stay on champs with dashes that can gtfo/turn more easily; do NOT start wandering around on your own
Sometimes ulting your anchor's target gets them killed; e.g. it's often much better to proc passive on Karthus and shield ally, than to immediately ult him
In teamfights, focus more on your OWN positioning; which side you hop off on to proc passsive can make an enormous difference for avoiding CC
If your ADC ints once, chances are high they will int again; be extra ready to ditch them
With Trist: ask her to ping before she all-ins, or rocket jumps in general; helps prevent getting left behind
Against Jhin: easy to forget, if he roots you with W, you will probably just die
Dying early in lane is worse than just the initial effect; frequently ADCs will rage and int themselves later in the game...
When enemy places a yellow ward in lane bush, get into habit of (E+)AAx2 and pinging it for ADC; can insta-clear with good reflexes
Consider pinging objectives a bit harder if team is greeding/unfocused
Against Nami: if she's smart, she will send her bubble into your dash path, dangerous; her poke also stings quite a bit, don't underestimate
If there is an early skirmish, start E; it just gets way better value than Q outside of lane
When the game is a total fiesta, with no one really carrying, just sticking on the ADC seems best; they CS and survive better with you around
Get in the habit of checking the scoreboard EVERY time you back; quick scan over all champ levels/CS/items
Try not to panic when you or your anchors facechecks a bush and gets ambushed; mashing buttons (other than E) is never the best play there
With Lillia: she's a great anchor for roaming picks, but can be awkward to sit on in teamfights; squishy, and can be hard to reach teammates in need
Against Thresh: while his Flash-Flay is deadly, you should be able to bait his hook okay while in W range of ADC, as long as you're ready for it
Take more care with your ult angle; a few degrees can make a huge difference, especially in moving fights and around choke points
Basic: if you know there's a control ward in bush, don't place a yellow in unless you know you can clear it; otherwise just directly feeds gold/exp to enemy
Ideal lane skirmishing is complex: want to hit emp. Q and both summs on best targets, have ADC benefite from full passive+aery+E, all while weaving in AA's
When running heal, need to pay extra close attention during dense teamfights; be sure to use it at a good time
In lanes that feel awful, try to be more patient; just help your ADC farm and get through it
In crazy burst fiestas, you may get more mileage out of Mikael's than Redemption; instant heal and cleanse on carry is more consistent?
With Katarina: she can and will jump all over the place in strange ways; use ult more in the general direction of the enemy, can even zone with it
Important: really need to keep better track of whether current anchor has flash up; keep getting stranded when they use it unexpectedly
Against Soraka: watch out for the root at the end of her E, it is very dangerous; you can't really side-step her Q, must use W to dodge
Against Irelia: she likes to use her stun soon after she ults; it's not safe to get off until you're sure it's gone
Jumping off and repositioning while ulting can be good, but you can also just get CC'd and have the ult canceled entirely; be careful
Against Blitzcrank: in lane, his hook costs ~1/3 of his mana, on a ~20 sec CD; play around these numbers more consciously
Against Jhin: body-blocking his W on your ADC can be huge, always be ready to do so
When people are greeding, and backing out very slowly, try to avoid going back in to heal them; it often encourages them to int
Against Fiora: just don't hit her with summs until you see her blow parry; it's not worth having one blocked
Start thinking about toplaner TP flanks more, and set up a ward at mid bush at least if one is possible
With Kindred: you cannot heal allies who reach the 10% threshold inside her ult, which lasts 4 seconds; wait until after the ult's ending heal triggers
Against Kai'Sa: try to anticipate and body block her W missile in lane; she often uses it to try to poke/kill your ADC
Stop burning Exhaust when you are obviously already dead
Do not gamble your life by solo warding bushes that enemy champs could quite possibly be in
Reminder: stop spamming wards; you get 3 yellows up at once -- think consciously about the best places to put them; know where yours are
With Katarina and Leblanc: just hold space in fights; otherwise it is very easy to lose track of where you are
Reminder: it is very rarely ideal to use Exhaust on enemy support -- main exception is in lane when they are damage heavy
Against Thresh: watch out for his Flash-Flay combo; you can't really react, and it is very deadly; staying far away in a bush is your best bet
Against Maokai: even if you can't clear saplings with W, consider trying to block some of the damage onto your ADC with aery shield
Regardless of if you feel hype, you need to feel out enemy bot's playstyle before going too ham
I keep confusing small champs (e.g. Lulu vs. Fizz) in crucial moments; turn on champ names above HP bars; pay attention
Against Hecarim: need to ward further up the river; bush ward will be too late
Hopping off a CCed teammate to continue a moving ult can be huge; similarly, W'ing between allies while ulting can root more enemies
When you see CS going to waste in any free scenario, get into the habit of grabbing it with AAs or Q
Against Seraphine: keep track of her echo counter, and make sure not to get rooted by the 3rd ability
In weird chaotic games where different lanes are stomping on different teams, focus extra hard on the high priority target/s
Reminder: wait out the initial shitstorm in full 5v5's before ally hopping; you will just get caught by random CC and explode
One Q can make the difference on a gank, which can swing the game; if jungler is coming, pay extra close attention to mana, CDs, and ideal target
Against Soraka: to win the poke war, try very hard to avoid giving her free Q's
Against Ezreal: body blocking either his W or Q is quite helpful for your ADC
Try not to fire ult from super inflexible positions; if enemies respond quickly, it may just get wasted
In games that are getting away, try harder to save ult for enemy shutdown
Reminder: greedy ward clearing loses games
Against Nautilus: his ult is worse than it seems; the knockup will often catch you while it travels to someone else, be very careful
When a gank is imminent, try NOT to hop off, so as to preserve CD on W
Tacking ALL enemy CDs in lane is too hard for now; just focus harder on those that CC you
Keep forgetting I can't proc my passive during R; be more careful about that
If an anchor does something that seems questionable/greedy, give one caution ping at least before just going with it
W off for a little extra distance, ward, then W back on
Don't lose focus or play scared just because you get chunked once in lane; stay proactive and stick to the plan
With Hecarim: his E and R often put him behind the enemy target: careful not to fire your ult in the wrong direction
Against Rakan: watch out for his snappy engage from long distance, easy to get caught off guard
If an enemy tank appears caught out, but enemy carries are missing, do not hard commit to killing the tank; doing so may throw the ensuing teamfight
Keep better track of which enemies are a real threat vs non-threat; don't blow ult and summs on non-threats (very impactful)
Keep track of GA's on own team, and play around them more intelligently
When W is not on CD (especially post level 11) and teammate is running for their life, consider helping shield them with aery procs; it can make the difference
If someone is getting turbo-focused by entire enemy team, dashing to them is probably unsafe...
Don't back when fight may be about to break out, even if you need items/mana
Q's continuing to miss in lane; teamfight awareness needs further improvement
Put indicator-aimed Q on an easier key, for long-range solo snipes; helps clean up random CS, tag dragon while approaching, etc.
Reminder: usually passive is easiesafer to proc on ADC, since they are more focused on last-hitting
Enlarge map, and spend 5 games where overarching goal is to keep track of enemy jungler+mid through laning phase, warding and rotating accordingly
Be aggressive as hell around levels 1/2 if you think you can get away with it; may confuse enemies and inspire own ADC
If you need to jump around to proc Moonstone in grouped chaos, use W on hero icons; VERY useful under certain circumstances
Treat pre-level 11 W as a majorly important CD; getting stuck off an anchor during an early skirmish can be game-losing
If team is overextending and not heeding caution pings, just start backing on your own, and see if they get the message
Weird: consider hopping off and moving around a bit when there's clear downtime in lane, to avoid tilting unstable ADCs for being "afk"
Try to keep track of whether anchor has hourglass/zhonyas; don't get off if you think they are about to use it
Pay closer attention to when enemy ADC is about to last hit; that's usually a safer time to proc passive
If safe, consider helping hit minions after procing passive at level 1; level 2 comes after 6th melee minion
Still having some issues with proper ability buffering and ally hopping during intense skirmishes; make sure you at least always know WHO you are on
Don't get impatient under turret; look for rotation plays when possible, but try to move more intelligently
Reminder: once again, hit by hard CC in lane = death = deserved loss
Be more intentional with warding spots; don't just slam wards for the hell of it; first think about where enemy is most likely to go
If things are falling apart / desperate, don't even bother trying to heal squishy non-carries in chaotic fights; just make sure the carry survives
Try harder to stay oriented and aware of surroundings during skirmishes; choose and commit to Q and R targets properly
Reminder: NEED to not get hit by hard CC in early laning phase; it is very, very bad
Refocus on not missing Q's in lane; while steering it, shaking cursor back and forth slightly seems to help counter enemy jukes
Against Maokai, be very careful of his W (dash) -> Q (shockwave) combo; it comes out fast, and if you get hit by either part, your W goes on CD
Against Varus, avoid healing ADC while they are inside the GW zone from his E (arrow volley), unless absolutely necessary
In mid-game, look harder for reset opportunities when you are out of wards and have some time until next objective
Never get knocked up by dragon, herald, or baron
In loading screen, try making a mental checklist of every enemy ability that will put your W on CD
Be more conservative with pink wards; try not to waste them in indefensible places while laning
Don't try to fire off Q when surrounded by enemy minions; it will just get blocked
Don't underestimate the strength of top laners who have just been farming all game as potential anchors
Refocus on optimizing ward placements, at the very edge of bushes using green dot indicator
Look for chances to hop between allies while ulting / Q'ing; remain aware of best time to E while channeling Q/R
Try to keep moonstone renewer and ardent censer procs in back of mind once owned
Get better at quickly warding across the thick wall into the red side botlane river bush
Try to be consciously aware of key abilities you should be ready to body block, like Ashe W, Cait R, Nidalee spear, etc.
Try not to bait teammates into sketchy situations with low impact Q poke in mid-late game
Be more cautious about upgrading Dark Seal into Mejai's if things are still volatile
Keep better track of cursor and anchor during chaotic teamfights; hold space more if attached to someone "blinky" like Katarina
Basic: be sure you have actually started attaching before buffering E
Be more careful with W cooldowns before level 6; do not attach/detach for no reason; be intentional; default state is attached
Identify the key Exhaust+Ignite target/s ahead of time
Be careful not to run out of mana at critical times by throwing out low impact Q's
Try not to jump off of champions with dashes that might be about to dash
Don't just throw out R to engage with no warning; ping intentions a couple seconds ahead of time
Use the "quick cast with indicator" green highlighted ward option to ward in edges of bushes; try to ward more quickly and usefully
Hope at least some of these are useful to fellow Yuumi fans!
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