Excellent post here at Data Diary on the importance of capital, especially point 4, “Always assume the worst”.
As I’ve said many times, focus on the downside and let the upside take care of itself. Bruce Berkowitz always tries to figure out what could break his investments, from memory he even hires outsiders to try and disprove his investment ideas. Of course with St Joe’s Berkowitz had David Einhorn to do that for free! Another of my favourite saying that fits with this meme  is, capital is scare while opportunities are plentiful.
While Data Diary’s number one tip, …

Is the one I’m currently buying.

Sheesh! Is anyone starting to get motion sickness yet? The volatility on the Australian stock market is absurd. This is Mr Market on fricking steroids. I believe roid rage is the popular term these days.
It’s no wonder we’re experiencing such heightened volatility right now as a full scale war has broken out between fear and greed. I was going to say optimists and pessimists, but as I believe optimists and realists would be more accurate I decided to wimp out and go for the cliched fear and greed. Greed has jumped …

I know the synthetic theory of Puts and covered calls and I sell both naked puts and calls on stock I own. I have never entered a covered call as a Put is the better trade; less expensive and usually marginally more profitable. Believing writing covered calls is conservative made it as my fifth biggest mistakes in option trading. But I always wonder when I sell a call, “what the hell am I doing!” Why don’t I just sell the sell the stock and sell a put.