Chairman Recommended: Slippers

Added on by C. Maoxian.

I am almost completely housebound during the winter here in Appalachia and only leave to:

  1. Take the kids somewhere (school, swimming, art lessons, etc.),
  2. Buy groceries,
  3. Play poker. 

So my indoor footwear is very important and I use LL Bean's aptly named Wicked Good Scuffs III. I love them because they:

  1. Have rubber soles,
  2. Are made from soft sheepskin and are shearling-lined (Australian sheep),
  3. Are scuffs ("a flat-soled slipper without quarter or heel strap").

I'm at the advanced stage of laziness where all my footwear must be easily slipped on and off, so I slip out of these moccasins and into my slip-on boots when I go outside (to get the paper or put out the trash) and then back in again when I come inside. I wear them all day every day -- highly recommended by the Chairman! 

(See this post for my recommended summertime footwear.)

Pretty Set-up in the Biotechs

Added on by C. Maoxian.

I'm going to be trading a bit more in 2017 now that baby has started Kindergarten and the house is quieter in the mornings.

Yesterday (1/31/2017) the scanner alerted me to the fact that XBI (the S&P Biotech SPDR) was unusually active around 9:48 AM. I always keep an eye on the recently issued LABU (the Biotech 3x Bull fund based on XBI) these days since it's already fairly liquid and the leverage makes it a decent trading vehicle.

I like to see low risk, high reward set-ups based on the zig-zag "idiot wave pattern," and one thankfully appeared at lunchtime in XBI/LABU off the five minute chart. I might not have been looking as hard at LABU if it hadn't been for that early in the day alert on XBI. 

Click to enlarge

I'll Leave Him Just For You

Added on by C. Maoxian.

Love Lucy Rose's Shiver ... great stuff. She was born in 1989.  

Don't forget to subscribe for more Crypt Sessions: http://bit.ly/cryptsessionssubscribe Watch Lucy Rose perform 'Place' here: http://youtu.be/YxEJiO-pFvM Watch Lucy Rose perform 'MIddle Of The Bed' here: http://youtu.be/7vMiMK9xUeY Lucy Rose performs 'Shiver' for The Crypt Sessions ----------------------- What can we say about Lucy Rose?

Trading Instruments and Inception Dates

Added on by C. Maoxian.

3x

(SPXL) | SPXS, Direxion Daily S&P 500 Bull and Bear 3x Shares, 2008.11.05

TNA | TZA, Direxion Daily Small Cap Bull and Bear 3x Shares, 2008.11.05

ERX | (ERY), Direxion Daily Energy Bull and Bear 3x Shares, 2008.11.06

FAS | (FAZ), Direxion Daily Financial Bull and Bear 3x Shares, 2008.11.06

UPRO | SPXU, ProShares UltraPro and UltraPro Short S&P500, 2009.06.23

(UDOW) | SDOW, ProShares UltraPro and UltraPro Short Dow30, 2010.02.09

(TQQQ) | SQQQ, ProShares UltraPro and UltraPro Short QQQ, 2010.02.09

NUGT | DUST, Direxion Daily Gold Miners Index Bull and Bear 3x Shares, 2010.12.08

(UGAZ) | DGAZ, VelocityShares 3x Long and Inverse Natural Gas ETN, 2012.02.07

UWTI | (DWTI), VelocityShares 3x Long and Inverse Crude Oil ETN, 2012.02.07 (Discontinued 2016.12.08 (pdf))

JNUG | JDST, Direxion Daily Junior Gold Miners Index Bull and Bear 3x Shares, 2013.10.03

LABU | LABD, Direxion Daily S&P Biotech Bull and Bear 3x Shares, 2015.05.28

 

2x

QID | (QLD), ProShares UltraShort QQQ, 2006.07.11

SDS | SSO, ProShares UltraShort and Ultra S&P500, 2006.07.11

TBT | (TBZ), ProShares UltraShort 20+ Year Treasury, 2008.04.29

UCO | (SCO), ProShares Ultra Bloomberg Crude Oil, 2008.11.24

UVXY | (SVXY), ProShares Ultra VIX Short-Term Futures ETF, 2011.10.03

TVIX, VelocityShares Daily 2x VIX Short-Term ETN, 2010.11.29

() Parentheses denote relatively illiquid sibling, no link to product page.

Weight Watchers Progress -- Month One

Added on by C. Maoxian.

Background

After moving back to America from China in July 2015, I quickly gained around 30 pounds, going from ~190 pounds to ~220 pounds. I'm a little over six feet tall and broad shouldered, so I can carry a lot of weight without looking especially fat, but I began to feel uncomfortable (even my "fat" pants didn't fit) and decided to lose all the extra weight. 

I didn't join Weight Watchers, I simply got their Getting Started guide, Complete Food Companion, and Points Finder card. You can find these cheaply on eBay, mine is the 2001 edition. I don't need the support group or peer pressure aspect of the program since I'm self motivated. 

Method

Because I started at ~220 pounds, the program gives me a daily "point range" of 24 to 29, and they suggest targeting the middle of the range, i.e., consuming 26.5 points of food a day. Obviously the reason anyone gets fat is because he is overeating. The great insight of Weight Watchers is that you should not undereat, that is, you must consume at least 24 points of food every day. Vegetables are zero points so you can consume an unlimited amount of them. 

I had tried eating only 500 calories two days a week (Monday and Thursday) earlier in the year, but it was a disaster. I would eat twice as much on the days preceding or following the fast day. It was an idiotic idea. It figures that I learned about it, while browsing People magazine in the supermarket checkout line, from a late-night talk show host. Fasting occasionally might make sense if you are very fit, but it's a terrible idea if you are fat.

You must keep a detailed food diary recording your points consumed. You need to be honest with yourself and strictly record everything. If you cheat, you will fail. 

Exercise

You can gain points by doing exercise, but not a lot. I row every day (Concept2), always have, through fit and fat. A gentle 30 minute row will give you two extra points, but I still shoot for my 26.5 point goal despite gaining these points. I suppose some people might want to consume those extra two points since they "earned" them, but I simply "bank" them.

Meals

Here are examples of what I eat every day: 

Breakfast (6.5 points total)

  • Egg fried in 1/2 teaspoon of butter: 2.5 points
  • Slice of rosemary olive oil bread, toasted (no butter): 3 points
  • One boiled egg white: 0 points
  • One orange: 1 point

Lunch (8 points)

  • Beef tenderloin (or chicken breast) fried in 1/2 teaspoon of butter: 3.5 points (three ounces cooked weight)
  • Salad (only the avocado, olives, pesto, and dressing have points): 4.5 points

Supper (10 points)

  • My wife cooks supper so there's a lot of variety here, but I'm always careful about counting the points accurately and sizing portions appropriately. 

Snacks (2 points, some examples below):

  • Apple: 1 point
  • Orange: 1 point
  • Cup of grapes: 1 point
  • 1/2 banana: 1 point
  • 3 cups popcorn (oil popped): 2 points
  • 1/8 cup Craisins: 1 point
  • 1 tablespoon hummus: 1 point

Tips for Success

Bubble tea straws, carrot sticks, and Ricola Honey-Herb cough drops. When I started out, I was eating a TON of carrot sticks every day (zero points) just to have something in my mouth -- some kind of oral fixation thing, I guess. The other tip is sucking on Ricola cough drops (I only like the Honey-Herb flavor). Again, they are sweet and satisfy some oral craving, and you can suck on them a long time (I think five of them equal one point, but you only have one from time to time). 

Drink water with every meal. A bubble tea straw will help you consume a lot of water very quickly. 

Results

I started on the Weight Watchers program on December 1st, 2016 at 217 pounds and weighed in on the 31st at 206.5 pounds, so I lost around ten pounds in one month, which is a lot! The interesting thing will be seeing how things go in the second month now that the "easy" weight has been lost. I will continue to report my progress (he says hopefully) at the end of January 2017.