Sunday, December 2, 2018

How Karen the Supertrader Blew Up Her Accounts

There's nothing wrong with trading Naked Puts, but Karen the Supertrader did what almost every novice naked option trader does: If your position size is too high, you too will blow up your account.

Selling Naked Puts like Karen the Supertrader:

Suppose you sell a naked put for $1.00. Then the stock goes down and now that put trades for $2.00. So instead of showing a loss of $1.00, you roll that option out in time for let's assume a net of $0.50. So where you had a loss of $1.00 ($2.00 less $1.00), you're now showing a gain of $0.50 (-$2.00 to buy back the NP and +$2.50 to sell the new NP). So while you're actually losing money on the underlying position, you're showing a gain by rolling that position out in time. With Karen taking commissions on the "gain" of $0.50, she's taking credit for a gain that may never be realized, or worse.

If you can keep rolling this position long enough, you may be able to get out of the position without a loss even if the stock never goes back up. But if you are highly leveraged and your position size is too high, you can quickly blow up your account when the stock swoons and you too can't meet your margin calls.

This is what happened to Karen the Supertrader. Margin calls came in on the leveraged positions, and she could not meet those calls. She could not hold on to those positions long enough to hopefully see a reversal in the underlying.

Naked options by themselves are not a bad thing. The problem is leverage and position sizing. I don't use leverage when trading Naked Puts.

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How to turn off "Microsoft Account Problem" Notice

Here's how to stop the "we need to fix your Microsoft" pop-ups on your PC:

Go to: Settings/System/Shared Experiences and turn off "Share across devices"

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Automatically Start Photo Import when iPhone Connected

To automatically start photo import when iPhone is connected to your PC, change settings here:

Go to Settings/Devices/AutoPlay and under iPhone select: Import photos and videos (Photos).

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Saturday, April 28, 2018

How to get Missing Notes back onto iPhone

Wow, this worked.

If all your notes are missing from your iPhone, and you have a lot of notes in iCloud (I have ~25), in order for those to reappear on your iPhone, your iPhone MUST be connected to WiFi.

Once all those notes reappear, and you're only adding a note here and there, they should sync fine when you're not connected to WiFi.

So bottom line, if all your notes are gone, connect to WiFi and they should reappear on your phone.

It took escalation through 4 technician levels at Apple to resolve this issue today.

UPDATE 7/10/2018:

This still doesn't work most of the time.
Apple's support page for this issues doesn't help: https://support.apple.com/en-us/ht204051

iPhone simply loses the ability to see some networks. My PC see's the network (and I'm connected to it as I type this), I'm sitting within 1 foot of my router, restarting the router doesn't help, and resetting Network Settings (Tap Settings; General; Reset; Reset Network Settings) doesn't work either. That's all they've got.

Frustrating to be out shopping, open your iNotes to view yours lists, and see iNotes haven't been updated in ages.

Note that the calendar and other apps are working just fine (they don't need the inconvenience of having to connect to the cloud to update).

Is there a better Notes app out there? Will look but please send suggestions, thanks!


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