The Chris Voss Show - The Chris Voss Show Podcast – Mastering Options Trading: Insights from David Chau’s Community

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Starting point is 00:01:20 Today we're going to be talking to a young man and learning about his entrepreneurial journey, some of the wonderful stuff he does in the world of trading and options. So we're gonna get into that as well. David Chow is gonna be joining us. He's known as Captain Condor. He is the visionary behind the SPX program at InsideOptions LLC, an options trading group dedicated to empowering traders through education and innovative strategies. He is the founder of SPX Management LLC, a boutique alternative investment firm specializing in non-directional options strategies where he actively trades the very strategy that he shares the group.

Starting point is 00:02:01 Since launching Inside Options in 2020 and introducing the SPX program in May of 2022, he has mentored over 1000 options traders helping both beginners and experienced professionals redefine their skills and achieve consistency in the markets. Welcome to show David. How are you? Hey, how's it going? Thanks for having me on the show and um. How are you? Hey, how's it going? Thanks for having me on the show. And, uh, um, just real quick, I disconnected a couple of times. So,

Starting point is 00:02:29 Oh yeah. The internet gods are either with us or not. So give us your dot coms or dot iOS. I think, uh, where, where are we gonna find you on the interwebs? Well, you can find me on inside options.io. That's my primary website for inside options. I think.com was taken, but IO kind of, it worked a bit better. Give us a 30,000 overview of what you guys do there at your art company.

Starting point is 00:02:54 I've been trading for about 10 plus years now, and I've been trading since I was 18. And at the time there wasn't really that much educational material. It's kind of like all of it was just like throwing stuff to the wall and seeing with sticks drawn like lines that sometimes didn't make sense until it did. And then eventually, you know, I picked up a few things and found some strategies that worked and built a community in 2020 because, you know, I initially didn't really want to create an options training community where I, I, I guess people, I'm, I'm a big introvert. So I like keeping things to myself. But my, my wife kind of, you know, like, she, she kind of convinced me to do it just because a lot of my friends were asking me like, just like most people asking me like, how do you get started?

Starting point is 00:03:41 I want to get into stocks. I want to get at options. And there wasn't a lot of you know A creators back then and I feel like it's it's the same same now There's actually a lot of content on YouTube, but none of them are really structured and actionable It's yeah, I watch a video and you can't act on it. Yeah, and and the market's always changing too With that being said like all the materials sometimes can even be, you know, obsolete.

Starting point is 00:04:07 So sometimes. Yeah. Uh, and, and so you provide this option service. How did you get into options trading and all this sort of stuff? When I looked into options trading, I, the reason why, why I did it was because, um, I went to college. I went to UC Santa Cruz for about two years. And during that time, let's just say I, I didn't make it.

Starting point is 00:04:30 So I dropped out my second year dropped out my second year. Like, uh, I wasn't doing really good in business and economics and just like, in all those classes, which is kind of ironic because that's kind of like what I ended up doing. Um, and so I, in my head, I'm, I like looking like 10 years forward, like as, as, as like a visionary. Though whenever I do that, I always look at, you know, what kind of vehicles, what kind of vehicles, what kind of businesses can actually take me to the place I want to be.

Starting point is 00:05:00 And so I saw that, you know, I was kind of diving already into the stock market and exploring options and I saw that, Hey, there's, there's a lot of leverage here. And there's, there's, there's some ways that you can make money here. Um, but I always, I mean, I, I've, I learned the hard way, right? That's kind of how we all learn in life. We know it gets an owner's venue, right? It's, it's a, it's a tip, but. We know it gets an owner's value, right? But I always see it as a cost of doing business. It's a tuition that you pay. That's interesting. Now, the learning, the education and going through the gauntlet of mastering the stuff, is that what you mean?

Starting point is 00:05:37 Yeah, I think so. And the reason why I say that is because there isn't really one way to go about learning how to trade options. In my opinion, I think sometimes it's more art, art than science. The only science part is the quantifier, like the quant, quantifiable parts of the, of the trading. And that's kind of what we focus on now with inside options. Actually, when we started inside options in 2020, it wasn't, it wasn't the best, but that was, I had a lot of material

Starting point is 00:06:08 that I learned over the past 10 years that I would have wished I knew earlier. I kind of started with that and the community built to about 100 or so people. What really took off and what kind of broke the ground for me was in 2022 when CBOE, which is the Chicago Board of Exchange, they released daily option expirations. And during that time, earlier that year, I was studying different types of businesses, specifically, I guess you could say casinos, right? Because casinos, it's a, it's a statistical based business. And we kind of found that, you know, there were, there were certain ways to exploit the market. Right. And, and so we kind of took that over to, we kind of saw what was working in,

Starting point is 00:07:02 and I guess the business of casinos and transitioned to the stock market. Like for example, you know, car counting is pretty, it's pretty big with casinos. And, you know, like I watched the movie 21 and, and, uh, I read it, I studied it and there's what car counting is, is there's 52 cars in a deck. If there's more low cars that come out, the chances of higher cards will come out. Right. I mean, there, there was a group like the MIT blackjack team.

Starting point is 00:07:30 They, they made it out with like hundreds of millions of dollars, you know, because they, they kind of found a way to eat the edge and then me being like an entrepreneur, I'm like, huh, like, how can this apply to the stock market? Right. being like an entrepreneur, I'm like, huh, like how can this apply to the stock market? Right. And, and when CBOE, uh, Chicago border exchange released a daily option expiration, what that means is that options, they have expirations, right. And before it was, they had options expiring Monday, Wednesday, Fridays.

Starting point is 00:07:59 When the update released, it was Monday, Tuesday, Wednesday, Thursday, Friday, basically all week. And so we found that there were different ways to apply statistics to the stock market. Right. Yeah. So the way we're exploiting the market is that we believe that the market is efficient. It's known as market efficiency hypothesis and what that typically what what that kind of says is that the market will always pay you based on the risk that you take. Right. There's there's no edge. So if you were to risk a hundred dollars, for example, to make a hundred dollars, right. It's a one to one. So your probability is baked into your risk, your risk. So if you're risking a hundred and you're making a hundred, your probability is about into your risk, your risk. So if you're risking 100 and you're making 100, your probability is about 50 percent.

Starting point is 00:08:48 But what's interesting about the market is that an option specifically is that you can manipulate the trade setup, right? So you can manipulate the trade setup to a point where your your probability of profit might be 68 percent and so 68% conveniently is also known as one standard deviation. And so we understood that because the market is efficient, there's no edge. So why would we make money if we have a 68% chance of winning, but the risk reflects that, right? And so what we also discovered on top of that was that we focused on something known as positive expectancy, right? So what positive expectancy means is that a great analogy for this actually is like a coin flip.

Starting point is 00:09:41 So if I made a bet with you with a coin flip and every time the coin flipped and landed on heads, you would make $20. If it landed on tails, you would lose $10. Right? And so if the probability is 50-50, but you're making more money than you lose on each flip over a hundred flips, a thousand flips. You're guaranteed to make money. There's linear growth through that portfolio. You guys help people do that with the community. How many people are in your community now?

Starting point is 00:10:18 If you don't mind me asking her, or how does the community work? Yeah. the community work? Yeah, so now we have about a thousand, two hundred people in the community now and I think a big part of it came from the Wall Street Journal feature recently. Tell us about that. Yeah, so there's, we actually, we trade a significant amount of options in the stock market. And sometimes the sizes are larger than, you know, JP Morgan's collar trades. Wow. Would say that. And that's, that's pretty significant.

Starting point is 00:10:55 And so all these options that are placed in the market, they are public. Anybody can see them. They are public, anybody can see them. And there's one tool that people typically use to see these things and it just became like, you know, like people post them on X. They're like, well, there's somebody post, there's somebody putting on 13,000 contracts, 60,000 contracts, and they never knew who it was for a good, you know, I would say like a good we've been doing this for like three years so like No, nobody knew like who it was and then I guess like rumors kind of leaked out of course because you know

Starting point is 00:11:34 Our groups growing so a lot of people come to our group Yeah, they all also follow other people and and that that word got out that you know There was somebody that was named David Chow. Um, they, they had a nickname for me too, which is a captain Condor and captain Condor. Yeah. Where's that come from? I just, and just the name, just the name they gave me. And that's, that's what they called me.

Starting point is 00:11:56 I think there was a movie about that. Wasn't there? Uh, maybe I haven't watched it. These are the captain Condor. I looked it up and I was like, well I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the,

Starting point is 00:12:08 I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of the, I think of us, I guess, some of our success, it kind of validates kind of what we're doing too. One of the strategies that we used

Starting point is 00:12:28 is actually banning casinos. We haven't talked about that yet. We always go back to the casinos because it's a business, right? And so you always evaluate different businesses that are kind of similar to yours. Like for example, when we sell iron condors, iron condor essentially,

Starting point is 00:12:42 this comprise the four different legs. It doesn't really matter. Like if you're not an obstrator, it doesn't really matter to understand it too much all you all you need to understand is that we're betting on a range right if the market stays within a specific range kind of like a like a tennis like when the ball stays between the court we make money right and when we put on our trades we set set up, because the market is flexible, we set up our trades to be within the standard deviation. So we have a 68% chance of winning. Now, the concept that we kind of applied from the casinos to the stock market now is that we use a strategy

Starting point is 00:13:23 known as the martingale strategy. That's that's banning casinos. It's banning casinos because and for people that don't know what the martingale strategy is, it's for example, if you take a bet for $10 bet, if you lose that bet, you'll double up your bet. If you lose that bet, you double up and you just keep going until you win. Right. So you could have a 10% win rate and still make money. Right. And so we found out that, hey, if we set up a trade that has a 68% chance of winning, what are the chances of it losing five times in a row? It's, it's a 68% times exponential to five. So the number is under 1% chance. So you have a

Starting point is 00:14:01 99% chance of winning in the stock market, which is incredible. And that's why we kind of got recognized with the Wall Street Journal because our size is actually growing. So we might start with one contract and kind of escalate that up. When with a thousand plus people, it gets noticed. Well, that's pretty cool. I mean, you're doing what a lot of entrepreneurs do. They look at a lot of businesses. Years ago, I track a lot of stuff. I keep libraries and I track stuff in my head. I would count how many billboards a company would have.

Starting point is 00:14:34 I knew what billboards cost, so I'd be like, okay, well, they're spending this much on marketing. I wonder what their return is. Here's kind of an interesting piece of marketing that I don't know if it's working. I would just analyze marketing and I would analyze companies and then try and figure out how much they're making. And I was like, you know, I was trying to figure out which business I should go in like you.

Starting point is 00:14:54 And so you kind of, you know, having that sort of outlook as a entrepreneur, potential entrepreneur is very helpful. And you know, sometimes a lot of the data, you know, you can use for other things. And that's, that's really what you're doing here. You're using, you know, a business model and then a gaming odds model to, uh, game the system and, you know, I mean, that's really what anyone's trying to do on like wall street or just about anything else in life. They're trying to figure out how can you, how can you beat the system and how can

Starting point is 00:15:24 you make money and, and how can you beat the system and how can you make money and how can you build the better widget as it were on how to get things done. Now for someone who wants to invest in your community or get involved in your community, what's required of them? Trading is a business to start and in order to trade, you always need capital. What? Yeah, of course, you always need capital. But? Yeah, of course, you always need capital. But I've got some monopoly money over here.

Starting point is 00:15:48 Yeah. And so we found that the optimal amount that you need in order to take advantage of our program and our system or strategy is about $26,000. And that's because you need to be able to withstand drawdown, right? The market isn't a crazy enough place to reward undeserving people. And so we, even though it's, you know, we have 99% chance of making money, there's always that 1% chance that people are like, well, what happens to people? But when, when people are saying, well, you know, there's this risk to the strategy and

Starting point is 00:16:22 they don't fully understand all the numbers with it, right? And so one crucial thing that people kind of miss is that, yeah, you have a 99% chance of winning and there's a chance of blowing up. But what is the probability that you could potentially double or triple your count before that happens? And that points back to positive expectancy, right? But if you took personally, hypothetically, if you took a $26,000 account and it magically grew to a hundred K, right?

Starting point is 00:16:51 You have about, you know, around that 70 ish thousand dollars to play with and you can take out your initial principle and trade completely with house money. So if anything happens, you still have capital there. That's positive expectancy. Right. Yeah. That way you're kind of preserved and you know, cause things do happen. You do lose from time to time. Uh, and it sounds like you guys have got it down to quite a thing. They need to be accredited investors in any way, shape or form, or have a net worth or anything else to join the group.

Starting point is 00:17:21 Well, the great thing about this is that you, you don't need to be accredited. And the only thing you need to be accredited and a qualified client is for my hedge fund. I manage a fund and I have a separately different set of regulations for that. Oh, cool. Yeah. So can people invest in your fund? We want to promote that or give a plug out to that. I have a five or six B. So I'm not, I'm not, I can't really advertise. Oh, okay. Yeah. I can't really advertise, but you magically become friends through the community, you know, then that's up for discussion. Okay. So now do you guys move as like, uh, you know, uh, what do they call those, uh,

Starting point is 00:17:56 people who, uh, they kind of move on the, off the internet on stocks and stuff. They, they've been buying like, uh, uh, I kind of move on the, off the internet and on stocks and stuff, they, they've been buying like, uh, uh, I think GameStop and different things. I forget what they call them, but they're like, they, they kind of buy as a, as a, as a, as a group of people and, and that buying power really makes the best. Is that what you do in the community? You move in a, you move as a mass? Not as that's called a pump and dump. Okay.

Starting point is 00:18:27 I think that's illegal. Okay. I, I'm clearly not a professional on stock trading. Yeah. Well, with pump and dumps, people buy like securities, like game stock and like securities that, that doesn't require too much money to move. And if you're too late for those, like there's, there's going to be losers. Docs is kind of like, I kind I sometimes compare it to like a pyramid. So like, the more people that go into it, the price increases. The way we're doing it is a bit, you know, differently,

Starting point is 00:18:55 because it's, it's very different in a way where we all have the same strikes, we all have the same grade premium, we all get, you know, basically the same results, right? So if if I'm, you know, profitable in a trade, everybody else should be too. Right. And so. Now you, you talk about trading psychology over chart porn. I think I know what chart porn is, because I used to, I used to get back in the day, they would mail you this thing that was like this thick of the stocks and it was all the charts and stuff and you get your ink all over your hands. Those are the days. Usually by the time you got it in the mail, you know, it's too late.

Starting point is 00:19:36 So tell us what that is, the trading psychology over chart porn. You might hear this often as a trader that, you know that psychology is like 90% of your job and 10% is the execution. A lot of people don't get the execution part because they don't have the correct systems, the correct strategies. There's two things that you need to be a successful trader. Number one is you need the strategy. Number two is you need to have the mental capacity in order to take those trades.

Starting point is 00:20:06 Because trading gets scary. It gets scary because you have to have enough capital in order to defend your position. And so I kind of joke about this because I think that in order to be a trader, also have to enjoy skydivingiving or like climbing Mount Everest or like being in the military, right? Because all these different professions, they take on substantial risk, right? But risk is always relative, right? Risk to you may be very different

Starting point is 00:20:39 to me and risk might be different depending on our circumstances and our positions. I've talked about this, which was positive expectancy, right? Once you get to a certain point where you have positive expectancy, your emotions kind of fades away. And so you're not too scared anymore, right? Emotion is always tied to the capital that you're trading with. So if you're trading with like your life savings or something like that, you're going to feel a certain way more than somebody else that might be trading with, with less. Right. Yeah. And so I think psychology is it's,

Starting point is 00:21:12 it's 90% of, of your, your trade. And so the strategy it's, it's replicable, like strategy and our SPX program, we teach everybody the same thing. We manage over a thousand plus people but not everybody gets the same results because why we get scared You might close positions early. You might feel a certain way with your own psychology, right? That's Those things I can't control right and those are the things that are kind of outside of the scope of my program Those are the things that are kind of outside of the scope of my program. Let's say psychology, it's, it's a, it's a crucial thing because charts,

Starting point is 00:21:50 parts are very subjective too, right? Yeah. Based on interpretation. So if we all, we both look at the same chart, somebody that has a different trading style might look at it a certain, a certain way. And that's why our strategy, we focus on more of a statistical based strategy. We don't look at the charts. We don't look at the fundamentals. We look at the statistics.

Starting point is 00:22:09 Well, what are the probabilities that's already baked in? It shows us on a chart, you know, like when we build a chart, it tells us what a probability of profit is, right? Really? So we, we, yeah, we, that's it. It shows it right in front of our front of face. So we, we configure it in a way where you know We can be profitable or at least we have an accuracy that where we can have linear growth

Starting point is 00:22:31 Yeah, the thing is that people think that you know, you need to have a high accuracy in order to make Money and that's that's false Yeah, you can actually have like a 10 accuracy rate and still make money in the market. Really? Wow. So discipline is really important, the psychology of it. You mentioned, you know, sometimes how people feel. We've had professionals like yourself on the show. And you know, one thing they talk about is, you know, if you use emotional decisions in investment making, and a lot of people do, you know, that can be bad. And so, you know, you're, you're really focused on the specifics and the math and the statistics and nailing them all down, which I think sounds like it really

Starting point is 00:23:13 makes you different from other companies that are out there. Yeah. I think discretion as a trader and sometimes bite you in the, you know, they can bite you, so, um, it's a, it's a discretion that, that definitely ruins it. Like you're trading. Yeah. Cause if you panic, right. Or, you know, use emotional decisions, you panic and stuff.

Starting point is 00:23:34 Yeah. Yeah. Cause we, we have a system. So it tells you like what you need to do for the next five days. Right. And the only re only time we might use discretion is like if we're analyzing charts, it's not required. Right. But as me, I've been doing this for a long time. So I could look at charts and I might have like my own opinion on what it could do.

Starting point is 00:23:54 And if we're already in trades and we're following the system and in the charts, I feel like there might be a substantial amount of risk here. We might use technical analysis to eliminate risk. And that's what sets traders apart. Some people use technical analysis in order to add risk. They might be like, well, I think this is going to go down. I want to add positions and add risk, take it, take a bet. And there's other people that are following a system and they already have positions on within the system and they might use their analysis. There might be risk here.

Starting point is 00:24:25 So we're going to eliminate the risk. So we're not adding more risks. Always use technical analysis to remove risk. Yep. And then, uh, just basically data driven, rules based, community supportive. And, uh, you know, there's a lot of groups out there that are signal peddlers. I guess they call them in hype groups. Do you guys find you're different than that?

Starting point is 00:24:43 Evidently. Well, before inside options, I've tried every single group. Oh really? I've tried a lot of groups and it's a lot of them are discretional. Okay. And I didn't find much success following other people because you would always get into different position sizing. It's, might, might, it's just, you know, it's not never the same. So that's why, you know, what we're doing is very different because

Starting point is 00:25:09 everything's verifiable, right? We're all getting in the same positions. There might be some slight slippage in the amount of premium we're getting, but we're all getting into the same position and we can, we can track basically all our trades for the past three years we've been doing this. And so I think when you go and you look at different groups, there could be a lot of discrepancies, right?

Starting point is 00:25:36 There's a lot of Forex bots, actually. And they work for a while and then they don't. And so we actually get a lot of people that join our community that have been doing like four spots and they're like, well, I did this for a year. I got like six, 7% every turn a month. And then a year it blew out my talent. And so it's just things like that. Things work and things don't. And sometimes you need to, everybody needs to do a due diligence. Right. And so, and, and what do traders get wrong about high win rates and fancy setups, why a 90% rate isn't always profitable?

Starting point is 00:26:12 Well, we can always look at different examples. Like for example, if we were to take 10 trades, right. And nine of those 10, nine out of those 10 trades would meet a hundred dollars. Well, on the 10th trade, if you're feeling really confident, you're gonna put down maybe a bit more money and you end up losing all your profits, right? You take a $2,000 bed and you're down $2,000. Now you have a 90% accuracy

Starting point is 00:26:37 because you won those nine trades, but you lost the 10th one. So you have a 90% accuracy and you're still losing money. And with strategies like the strategy, when you're building strategies and where you're looking at strategies on on like on the outside It it has an accuracy scale, right? So either that strategy has that requires 80% to make money or it requires a lower percentage and we're on the lower percentage Right our strategy we only require about you percentage, right? Our strategy, we only require

Starting point is 00:27:06 about, you know, 16% accuracy rate, the minimum, the 16% accuracy in order to be profitable. And I rather be wrong most of the time and make money than have things to be right every single time. Yeah. Well, as long as you're making money and you're moving ahead, right? Yeah. That's always important. So you guys guys been doing this for three years. What's the vision moving forward? Is there any new things coming down the pike? What's your what's your vision on what you're building here and what people are getting should be getting involved with I did read I did read a an X well before it was toter It was a Twitter post from a hedge fund manager. And he said that with $13,000, if you gained 13% and 13 years or something like that, it

Starting point is 00:27:53 comes out to like a million dollars. And with what we're doing, all our trades are verifiable. And I don't want to say different. I want to be careful with the numbers I say. Our vision is that this is, this could be, this could be life changing, right? For us. And, and when we show it to our community members, sometimes they, if I were to pitch my program to myself 10 years ago, I would think it would be a scam. And a lot of people think it's a scam because it's the numbers. Sometimes if you look at it, it'd be exceeding like standard benchmarks.

Starting point is 00:28:26 Yeah. And so on paper, I like to play with like compounding calculators like on my free time. Yeah, that's what I do my free time. So I'm not really good at math. I actually failed math a lot of times. Really? Yeah. But I've grown to love it in a sense where I focus on what I'm good

Starting point is 00:28:48 at, which is putting numbers into tools that are already made. So, so I'm a master delegator and I like using tools like, uh, you know, that that's already there, but with, I like to use the compound interest calculator. And I like to compound on a monthly cycle. And so if you start with like a hundredK and you compound that over, you know, 10 years, that that that turns into, you know, it's like something billions of dollars. So that's that's I mean, that's our vision.

Starting point is 00:29:17 And of course, it's always going to be on paper. And there's always going to be a journey there. Right. We've been doing this for three years and a lot of people that have been with us for three years, they, they see that they start to see the vision too. So that's kind of where we're at. Yeah. Well, you know, it's all math, statistics, gaming, the system. I mean, uh, you know, with, with, uh, you know, you've given a lot of great entrepreneur lessons to as an entrepreneur, you know,

Starting point is 00:29:40 looking around, seeing what's out there, monitoring situations, being aware, you know, figuring out what works for you, kind of what, you know, looking around, seeing what's out there, monitoring situations, being aware, you know, figuring out what works for you, kind of what, you know, finding what you enjoy doing that kind of fits your life. You know, everyone kind of has to find that. I always tell people when they find, are looking for a business, you know, find something you really enjoy because it makes it hard to get up every day. If you're, even if you're a super successful business person, you don't

Starting point is 00:30:05 love what you're doing. It's, it's definitely hard. So it's good that you've put this all together. You're running the stats, the math, all that sort of stuff. David, as we go out, give people a final pitch out to reach out to you guys. How can they onboard? How can they get more information, et cetera, et cetera? Yeah, sure. So if you are watching this podcast, listening to this podcast, and you are somebody who wants to trade or get started or you're a trader who's been struggling, all you need to do is head over to our website at insideoptions.io, fill out the form and our team will schedule an appointment with you. Pretty straightforward.

Starting point is 00:30:40 Yeah. Well, thank you very much for coming to the show, David. This has been fun. What a great entrepreneurial journey. There's hope for people out there who flunk math, flunk school. And that's what I did. I flunked everything. Just look at me.

Starting point is 00:30:54 I flunked math and I do all the accounting for my companies. And, uh, uh, and, uh, you know, I, when I talk to people about the law of averages, it's amazing to me. I swear I got 99% of people that can't figure out what an average is. It's crazy. And now we're like, you know, and you know, you know, you can flung math, you can flunk school, but you know, if you've got the drive and you find what you're in is, you know, sometimes it's just being in businesses is kind of like a safe and you're trying

Starting point is 00:31:24 to crack it and you just have to find like a safe and you're trying to crack it and you just have to find that right code and you just have to keep playing and fiddling and experimenting and learning. Okay. Well, that doesn't, you know, keeping track of your data and then you, you know, you eventually one day it just clicks and you go, wow, that worked. So what did I do wrong? Yeah, exactly.

Starting point is 00:31:41 We used to say that in golf. Anytime we hit a good shot, we'd be like, remember what you did wrong. Yeah, exactly. We used to say that in golf. Anytime we hit a good shot, we'd be like, remember what you did wrong. So thank you very much, David, for coming to the show and for insightful stuff. People can check you out on the interwebs. Thanks for tuning in. Go to goodreads.com, Fortress, Chris Foss, LinkedIn.com, Fortress, Chris Foss, Chris Foss, Juan the Tik Tok, and all those crazy places. You know, be good to each other, stay safe. We'll see you next time.

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The Chris Voss Show - The Chris Voss Show Podcast – Mastering Options Trading: Insights from David Chau’s Community

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