After 27 years in the markets, I've learned that the best traders aren't the ones who never lose—they're the ones who know when to walk away from a bad hand.
Starting Monday, January 6th, Paid to Play gets a complete overhaul.
The mission remains the same: generate consistent income through short straddles in sector ETFs. But the execution? That's getting ruthlessly efficient.
Here's the new playbook:
Every trading day, we're doing two things:
First, we're entering one new short straddle in whichever available sector ETF is showing the fattest premiums. High implied volatility equals high income, and we're going straight to the source.
Second, if we've got any open positions bleeding red, we're cutting loose the worst offender. No exceptions. No hoping it'll turn around. No tying up capital and mental bandwidth nursing a losing trade back to health.
This is about keeping our money where it's working and pulling it from where it's not.
What this means for you:
Fewer positions on the books at any given time—which means more efficient use of buying power. You won't be grinding through complicated adjustment after adjustment on trades that simply don't want to cooperate.
You'll see a steady drumbeat of fresh premium collection, paired with the discipline to admit when we're wrong and move on quickly.
The math is simple: small, controlled losses. Daily premium intake. Capital freed up to deploy where opportunity actually exists.
I'm closing out everything this week, starting with the currently losing campaigns, to give us a clean slate for the new year. By Monday, we're running lean, running smart, and running this strategy the way it was always meant to be run.
Let's get Paid to Play.
Sean McLaughlin | Chief Options Strategist, All Star Charts
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