I used trading to attain independence and freedom from authority.

1. I make bets on hard-to-forecast events (Black Swans).

2. I safeguards my investor’s money against negative “Black Swans”.

3. Keep a balance between the risk for earning and the need for maximum retention of funds.

4. The basic position I like to hold is to sell at-the-money options and buy out-of-the-money options; both put and calls.

5. My strategy is based on the idea that some options are systematically mispriced because of the fat-tailedness of the probability distributions of market returns.