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The reason that I say that it is usually meaningless to try to find out why an intraday move took place is because there is a lot of noise. The price action tells the story. The newspapers make up a story to explain the price action. I remember being puzzled several months ago (probably...

It went up. Usually it is meaningless to try to dissect daily moves in currencies. Here's what i-Recap report says about today's currency action: The dollar fell Tuesday, coming under pressure amid weak January retail sales, a wider than expected fourth quarter current account deficit, a...

Hate to be nitpicky, but the risk is not precisely defined. The max loss is precisely defined. There is a difference between max loss and risk. Max loss is easy to see in most cases. Risk incorporates probabilities and is much more ambiguous. But re: the post that you are referring to...

Although I'm not the one that said "the risk is the same," I assume your comment is directed at me. To say that the risk of an option can be defined completely with arithmetic would be insulting if this were not an internet forum predominately made up of people that trade from home. My...

Whoa whoa whoa!!! Vega?! That's a partial derivative. Let's keep this arithmetic. :cool:

Whitster, do you think it is riskier to have a position that has a high probability of losing every time albeit not very large losses than to have a position that has a very low probability of losing (and thus a high probability of winning every time), but when it does suffer a loss, that loss...

Which is riskier: 1. a position that will only lose money once a millenium, and make on average $5 every other day. On the day that there is a loss it will be about $10. 2. a position that will lose about $5 every day, except once a millenium, in which case you'll make $5. By your...

Oh really. http://dictionary.reference.com/search?q=risk risk - The danger or probability of loss to an insurer. Looks like the definition includes both magnitude of loss and probability of loss..

So, suppose being short a call is like living next to a volcano that only erupts every 1,000 years, but when it does it destroys everything within hundreds of miles. Being short a put is like living next to a volcano that erupts every 10 years, but the damage isn't quite as bad (although it's...

http://www.arerec.cba.ua.edu/Housing%20Stats/Areas/birmingham.pdf http://www.arerec.cba.ua.edu/HAI/data.pdf These data might be interesting. No place is better than Gold Coast Chicago. Fun place. And, we just had the warmest winter in 100 years. Not that that's anywhere close to the...

Lucky you. What about your aussies? Let's see last week's statement.

Ouch! So, when do we get the final results?

7k per month? That's desk fees.

Here's a link for historical U.S. economic calendar. Don't know about international. http://www.briefing.com/GeneralContent/Investor/Active/ArchiveSearch/ArchiveSearchInvestor.aspx?PageId=3229

When you have fx positions, you pay/receive the interest rate differential between the two currencies. I don't know the exact numbers, but Japan's short term interest rates are next to nothing while the U.S. is higher. So, if you are long yen, short dollars you receive the Japanese rate and...

Well, if I remember correctly, options and munis make up about 60 percent of the test. Since it's multiple choice, randomly picking answers on the rest of the test should get you the extra 10% that you need to pass the test.

Not only do they do it but they sell the data. It's called "Commitment of Traders." I get reports everyday showing the total long and short positions of the aggregate clientele of various brokerage houses. Also, I get commentary on "special flows"

I disagree. Study chapters 3 & 4 (options and munis) and take a lot of practice tests. If you can nail the questions on those two chapters you'll pass.

Just wanted to add a couple things. I'll preface this by saying that I do not trade the Dax, but I watch it. Sometimes the Dax moves really fast. The other day when the Intel news came out the Dax (and just about every other equity index for that matter) started dropping. The Dax prices were...

May we see last week's statement? I promise I will be nice.