Author Archives: Steve

Reading List to Absorption

I like reading lists. Especially reading lists from creative, thoughtful people. Especially successful,  creative, thoughtful people. I was looking at a recent post from Matt Mullenweg. I started going down the list and seeing if any of the the books made sense for me. I ran across one title, Extreme Ownership by Jocko Willink and Leif Babin, that might be for me. I looked in my local library online catalog and noticed that there were 45 people waiting on 6 copies. A light went off. Maybe I should read this book. I checked Audible. Yep, they had it and I have credits. However, I use my credits sparingly. I only get two a month. I now go to Amazon to see if they have a summary of the book on Kindle Unlimited. They did. Three of them. So Kindle Unlimited it will be.

There are actually several takeaways from the above segment of this post. I list them because that’s really what this post is all about.

  • Reading lists are good. They help me find books that I might like. They’re like a filter. They give you more choices and save you time. If you find reading lists from other people that seem to make sense for you consult them periodically like you would the more popular lists such as the NY Times Bestsellers list.
  • You need a variety of resources. I went to my public library first. It’s free. That’s always my first choice. When I saw overwhelming demand, I then went to Audible to see if they carry the book. It’s almost certain they would. Audible tends to be my last choice as I only get two books a month. Not all great reads come in audio format. A high percentage do, however. I went to Amazon to see if they had the summary in Kindle Unlimited as the above book is more of an educational as opposed to a purely entertainment choice. Summaries are great and Kindle Unlimited makes them a very, very viable choice for me.
  • You do not have to pay a lot of money for books every month. My Audible and Kindle Unlimited subscriptions set me back about $33 a month, but I get the ability to consume an enormous amount of material when you combine that with my public library access. Hoopla and Overdrive are Godsends.
  • Summaries work. The concept works for some books better than others but, essentially, it works for all books. Think Cliff’s Notes. Sometimes I check out the summaries before I actually get the book to see if I really want to invest the time into the material. Sometimes I get the summary after I listen to the book to see if the book was as good as I thought it was.

Hoopla Basics

Hoopla gave me a lot of trouble in the beginning. The primary reason was that I had originally thought that I could download books off of Hoopla. I tried and tried. Well, I tried a few times. I even talked to my local librarian about it. No luck. Eventually, primarily because of the fact that Hoopla kept turning up all the time, I came to realize that the way to download Hoopla books was to download them on my cell phone. It was really easy. Perseverance – I love that word. Hope is the reason to keep trying. My next step for Hoopla is to use it more often. The books loan for 21 days and I can borrow as many as 6 at a time. Very nice. My next move is to read (listen to) some books that fall under the category of “Market Economics” or one of its may cousin terms.

Earnings Plays I

(1) Go to Zacks and get a list of the stocks that are reporting earnings AMC this day and BFO tomorrow.

(2) Use Notepad++ to make a list of stocks for the watchlist. You can also download a CSV file from Zacks to put into a spreadsheet if that works better for you.

(3) Use TEMP (or some other watchlist) as a watchlist in thinkorswim TOS and place the stocks in the watchlist. Then go thru them to see which ones had a 7% or more as the Market Maker Move. You can verify this percentage with https://marketchameleon.com/Calendar/Earnings?d=20191029. Change 20191029 to the correct date. Go through the stocks one at a time trying to find the best deals for an iron condor or an iron butterfly.

(4) Be sure and check the chart.

(5) You can also place the watchlist in a live TOS (not paper) and export it to a spreadsheet where you will have all of the data at your fingertips for a quick decision. However, usually the list will be short enough so that it will take little time to evaluate the list.

Option Alpha Earnings Trades:

Reflections 20181102

Today I needed some space on my MP3 player to download some new books that I got from the library. Now my MP3 player only holds about 8 Gigs total. Only??? Right, I absolutely do have some issues that I need to work out. But… Continue reading

Hillman To Do

I’ve seen most of the Top 100 Hillman Wonders. There’s still a few more I want to see. My travel philosophy is that it’s not about where you’ve been, it’s what you have seen, tasted, touched, heard and smelled. You can shorten the previous sentence to experienced. This post is about the Hillman Wonders I haven’t seen but intend to see. The following is a breakdown of those Wonders. I’m going to work on the list during the next few weeks as I get a moment here and there. Continue reading

Great Quotes

The more places I see and experience, the bigger I realize the world to be. The more I become aware of, the more I realize how relatively little I know of it, how many places I have still to go, how much more there is to learn. Maybe that’s enlightenment enough — to know that there is no final resting place of the mind, no moment of smug clarity. Perhaps wisdom, at least for me, means realizing how small I am, and unwise, and how far I have yet to go. Anthony Bourdain