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    Expected Trading Range

    According to McMillan, time-spreads for futures options involve trading of two spreads: not only the IVs of options , but also the basis of ULs (that can be fairly significant). Time-spreads' risk could be potentially unlimited, as per Baird.
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    Considering starting a small hedge fund good idea? bad idea? advice?

    Considering starting a small hedge fund? Probably a good idea! Actually operating a small hedge fund? Likely a bad idea!
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    Coming back to optios. Need safer trades.

    "A smart strategy seeks to avoid catastrophic risk at all times, to profit by real or implied volatility explosions, and to limit time decay loss." --- Baird
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    Delta Analysis

    And I found this: "A smart strategy seeks to avoid catastrophic risk at all times, to profit by real or implied volatility explosions, and to limit time decay loss." --- Baird
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    Delta Analysis

    Perhaps try the following extremely fast options-trading computer/system (already on the market since Sept2009) at home: http://www.elitetrader.com/vb/showthread.php?s=&postid=2551270&highlight=computer#post2551270 "In testing, the system was found to be capable of handling data at 21...
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    Delta Analysis

    How has he been? Still keep trading options?
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    Delta Analysis

    According to Gallacher: "The relationship of paramount interest to option strategists is the relationship between an option price and the variability of its underlying future isolated from all other variables. The variability of the option price itself is of secondary importance, for that is...
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    Coming back to optios. Need safer trades.

    Just an opinion: Using a synthetic Call (or Put) for trading to some traders can be quite different against using a naked Call (or Put), in terms of few important aspects including risk. Interestingly, Braid classifies all synthetics positions are Limited-Risk Options.
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    Delta Analysis

    Perhaps only for some traders (such as directional and EOD): Hypothesis 1. The conventional Greeks of options are created for systematic analysis, however quite confusing/complicate to some traders. These conventional Greeks can be simplified since A - Kappa and Vega usually have same...
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    Coming back to optios. Need safer trades.

    Ideally, perhaps use the relatively large amount of credit (generated from the directional backspread) to buy a non-directional DITM straddle. Then that should be a quite safe trade, imo!
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    Any drug to help make u a better trader?

    Any drug to help make u a better trader? Yes, EliteTrader.com!
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    Isn't mining more gold the same as printing more money?

    I'd be very interested in the sources of the above data. Would you please provide some pointers? Thanks!
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    What do you do with your spare system?

    What would you do with your spare/old system (with less profitability), while constantly trading with your main system with better profitability? - Forget completely about the spare system? - Sell signals from the spare system? - Sell the spare system? To whom? - Run a CTA program...
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    Wall Street 3: Greed is Moral?!

    http://news.theage.com.au/breaking-news-world/wall-street-to-pay-billions-to-staff-20101012-16hp6.html " Financial institutions on Wall Street are preparing to pay a record $US144 billion in compensation and benefits, according to a study published on Tuesday in the Wall Street Journal...
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    China sits on up to $1.5bn in copper profits

    Perhaps only a proper hedge for its projected consumption!
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    The Most Underestimated Risk In Trading

    "There are known knowns; there are things we know that we know. There are known unknowns; that is to say, there are things that we now know we don’t know. But there are also unknown unknowns; there are things we do not know we don’t know. --- Rumsfeld" The most underestimated risk in...
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    3 thoughts about behavior

    I'd want to, but I don't have the time to do that yet. I need to finish reading those ET's long and incomprehensible posts first.
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    `Black Swan' Author Says Investors Should Sue Nobel for Crisis

    "`Black Swan' Author Says Investors Should Sue Nobel for Crisis" I like this brilliant idea, seriously. And we should prepare to find another similar or better idea for next crisis!
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    3 thoughts about behavior

    My 3 thoughts about behavior: 1. All the markets are frequently moving against my positions! 2. All the market makers are constantly targeting my money! 3. All players are happily joining forces to distroy my system!
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    My experiences as a Hedge Fund Startup

    Fair enough. Please keep sharing your experiences, good/happy or bad/sad. Would you mind others to share their different experiences on your this thread?
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