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What do you trade? Fundamental or technical? Long term or short term? Just trying to narrow it down here because there are thousands of courses. And there are NO limits to what you can learn.....for free!!!!

I absolutely concur. NOBODY cares about a track record if you want to work for a firm. They care about your skills. Skills can be quantified. Track records cannot be. They are way too random. Nobody randomly gets a masters degree. Or randomly learns to program in R. These are hard...

Yeah, here is your "simple" math. https://www.math.nyu.edu/faculty/avellane/LeveragedETF20090515.pdf And here is a good piece for the more retail oriented crowd "math light" http://seekingalpha.com/article/3070136-shorting-leveraged-etf-pairs-easier-said-than-done

My number lines are NOT all negative, only ES. However my vol indicators are pretty bearish and have been for two weeks now.

The power law has to do with how fast a number can become asymptotic. The reason 3x ETF have decay is because of the stochastic nature of prices which cause the implied decay. When prices are not stochastic, they can go parabolic. For example, the 3X ETF "should" move at 3x the rate of the...

Huh?

Nah, not what I was expecting. I think if we would have gotten the 50 bp raise, we would have launched. I still think this market goes parabolic into the next 4 hikes.

Correct.

Market will be up 400 tomorrow. Fifty IS bullish guys, not bearish.

Can't talk now.....a good source says 50 bp tomorrow!!!!!!! Not 25.....50!

How good is your calculus and stats knowledge? Shorting 3x ETF's puts you right in front of a freight train known as the power law. If your math knowledge is adequate, you can model this in excel. Shorting these ETF's has to be one of the dumbest things anyone can do.

I believe IB does. They use to advertise it a lot. You get a very small piece of it, but they do share the borrowing fees. They are the only firm I know that does it.

Huh? Multiply by 6? OK, Houston, we have a problem. First of all, throw the return away. Convert it into units of risk so that your return will be denominated in risk units or sigma. That way the conversation about leverage goes away. Two, run a monte carlo against it where you have a...

There is no clairvoyance in this business unless it's someone selling you something. This business is a lot of very very very hard work.

Yes, I understand that but you will never know what they are doing unless they call you and tell you. Just accept the fact that 99% of it is useless noise.

ok look, you have a very retail centered mind. Most of the world has a reason for what they are doing that goes beyond squiggly lines and downtrends. At any given moment in time there is Always a size buyer or seller. What if someone is short 100 million in equities in a fund and they are...

Yes, they have algo's that sniff out the size bids and offers. In the old days they called down to the pit and worked size orders through a floor broker.

They don't know, that is why they "shop" their order around. "Hi Bill, this is Joey at Merril, I have 800k to sell in XYZ, you interested?" "Hi Joey, possibly, where are you at?" "I'm offering at even" "Let me get back to you in a minute, I think I might have a client that will take half...

No you are not understanding. There is ZERO slippage. Both buyer and seller are getting a better price together then they would get separately. There are no key levels for these guys. Johnny one lot has key levels. Institutional traders move size and they move it when they can not when...

Large buyers shop their orders at trade desks all over the world. If someone wants to sell, they will hit it. Another old saying, you sell when you can not when you have to. Big buyers and sellers don't have the same luxury as Johnny one lot where they can get in and out whenever they want...