About Myself and the Fire Samurai Blog

About Me

Hi there. My name is Gabe and just started writing this blog about achieving Financial Independence, Retiring Early, Investing, and my other passions like gaming, food, etc. Anyway just call me FIRE SAMURAI. Well this blog s mainly for myself to read (my mistakes, track my results, goals) and I also like to share things with everyone. Please feel free to write comments and share anything you like (no ads please).

I am not a native English speaker so I would like to apologize in advance for any grammar mistakes that I make here.

Why did I come up with this name…FIRE SAMURAI?

FiRe here stands for – FINANCIAL INDEPENDECE and RETIRE EARLY

As for Samurai, I am huge fan of Samurai movies, games and anime. I believe to be a successful in investing and to achieve Fi/Re, one need to be as disciplined as a Samurai

So the marriage of both….to be both disciplined and to be a Fi/Re

FIRE SAMURAI is born today.

I have a few silly reasons of my own to want to achieve FiRe. I want to have more time playing video games, travelling and photography. I want to achieve financial independence and freedom is so I can have more time to pursue my other passions without being bogged down by my 9-5 job. I am getting married soon so having financial freedom is important as I'd like to spend more time with my wife and family.

I’m writing this post to start off by saying ”Hello Reader!” for new readers that just came across my blog and have the same goal as me. I will keep on posting articles to grow my blog and I hope you will see myself grow as a FiRe Samurai 😊

Comments

Sell Put Spread Strategy on SPY To Generate Monthly Income

I was introduced into the world of Options Trading when I joined a Value Investing Course by a stock investing guru named Sean Seah . One was the strategies I learned from this course is called VIOS (Value Investing Option Strategy). This strategy aims to consistently make money by selling naked put options to collect premiums on fundamentally good stocks with minimal risk (worst case scenario you are forced to buy that stock if your option is exercised). Anyway I won't be talking too much about the Fundamentals of Options as you can find many free videos of these on YouTube and paid courses on Udemy. I have been selling mostly naked put options to collect premium for 4 years using the ThinkOrSwim platform and I was collecting good premiums making some small profit. One strategy I used was to keep rolling my option if it went In-The-Money (ITM) on expiration day . However I discovered that there is a huge risk involved with this Naked Selling Option Strategy even when...

How to Set OCO (One-Cancels-the-Other Order) in ThinkOrSwim

I posted an article about collecting premiums using the Sell Put Spread Strategy on SPY . Click here to learn more about that strategy. The Strategy will require me to create 2 separate orders after the entering the trade. The first Order is a Stop Limit Order to take profit (75%) and another order to Cut Loss (-150%). Profit Target : 75% Stop Loss : -150% One way to place the 2 orders above is to create an Advanced Order called OCO (One-Cancels-the-Other Order). So if any one of the 2 Orders gets triggered, it will Cancel the other Order. Here is a guide how to create an OCO order in ThinkOrSwim for the above Put Spread Strategy : After your order is filled, go ahead and create a normal Closing Order for your vertical spread You will see a Close Limit Order such as this. Click on Advanced Order Choose OCO With OCO picked, Right click on the first Stop Limit order → Create duplicate order . You will see the second Order here (a duplicate of the first order) ...

A Study in Technical Analysis : Candlestick Part 2 - One Black Crow

Here is the link to my previous article on A Study in Technical Analysis : Candlestick Part 1 - One White Soldier : Link ONE BLACK CROW One Black Crow candlestick pattern is a Bearish Reversal Pattern used to predict the reversal of the current uptrend. The pattern consists of two consecutive long-bodied candlesticks - The first being a Bullish Candlestick followed by a Bearish Candlestick. This candlestick pattern rarely appears and if it does appear it can be quite strong. The One Black Crow should have the following characteristics. Bullish Candle followed by a Bearish Candle. If it is during a long uptrend, The Bullish Candle must be a new high in the downtrend(Counter Trend Trade). 1. The Bearish Candle must open Below the Close of the Bullish Candle Open2 Lower than Close1 2. Must make a lower high. High2 Lower than High1 3. The Bearish Candle must close below the low of the Bullish Candle. Close2 Lowe...

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