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I couldn't agree more. There are many variations to the pyramids, you can build whatever you want that fit the fundamental and your conviction level. The more buildings the better. Just got to watch out for correlation.

To a pyramid builder, there is no difference between realized profit and unrealized profit because they are both still "in-play". At the same time, they would watch out for the end of the trend using catalysts and fundamentals, and then take whatever profit available.

You are both the student and the teacher in the world of trading. The easy part is being a student. The hard part is being the teacher. As a teacher, you have to teach yourself what you should learn. You have to decide what is really relevant. You may have to overcome a stigma or two. In...

The calculation will differ depending on what you do with the removed winnings. If you bought real estates with it, and subsequently your account get wiped out, would you eventually sell the real estate and put the money back into your strategy? If that is the case, then the removed winning...

2% chance of losing the entire account is too high. Plug that into the expectancy formula and see for yourself. Don't average down.

What about execution costs? Cost of borrowing in the case of leverage? Frequency of the trade? What about the expected variance?

I totally I agree with you. From the context of this thread, I exclusively meant option contracts.

Are you talking about arbitrage? On a small scale, it does exist. On a large scale, you have to look at what happened to LTCM. Note: Traders have been able to create fortunes long before derivatives were invented. So derivative is not the key to the rabbit hole.

http://www.sec.gov/news/pressrelease/2015-281.html Lesson learned: Losers average losers.

Volcker rule.

Execution is just one aspect. You need to optimize all of these basic, yet important aspects. There is no one key. You got a long long way to go.

The penny wide spread is not real. It will disappear when a real move happen causing suboptimal risk management. In addition, you also have to pay a premium to trade option. If you plug all these costs into your expectancy formula, you see the efforts and the risk is not worth it. I am sure...

I am sorry, but you really don't have an edge, and you might need to spend some more time figuring it out. Trading option is a major disadvantage--the commission and spread will kill whatever edge you think you might have. The real edge does not consist of one mind-blowing complicated concept...

Go play some pokers.

Martin seriously can't be a douchebag and expect no consequences. Raising drug price was a bad move considered that there might be a lot of rich and powerful peoples and their family members rely on these drugs. If they or their friends and family are pissed off, they are willing to spend the...

Good article: http://torontolife.com/city/yorkville-swindler-albert-rosenberg/

Their risks are managed at the Mandelbrot Set level. Nothing special. It is like magic. If it is revealed, you would realize how simple (not easy) and ugly it is. They are not mythical at all.

That is good. However, I still would like you to consider going to university, if you don't mind. University is a part of life to be enjoyed. You will find new friends. Learn new things that will help you put two and two together later on, and will help in your trading as well. Ofcourse...

Learning how to trade is much more difficult than school. In fact, you will need to go to school to learn some of the statisitic, business, and economic concepts, which will be needed to ground your trust in your systems and your decisions. Trading is not like a course that you can just read...

I mean the link font color that is in blue. Could we please make it dark navy? I hope that will be easier on the eyes for everyone. Thanks!