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I’m not sure how a strategy that slightly outperforms the market be “the worst trade”

here's a nice paper: https://www.aqr.com/Insights/Research/Journal-Article/Covered-Calls-Uncovered My backtests have shown that from 2011-2019 call overwriting underperformed the broad index by about 1%/year. No way was it a "blow up strategy"

Santa Claus bestowing gifts on all the market makers who had a good year capturing the spread on billions of trades.

I am a discretionary vol trader. I found self reflection on my emotional state to be really helpful. I study my trading portfolio in the context of how it affects my emotions. Where there is sufficient anxiety or emotional pain, I cut. Where there is sufficient thrill I also cut. Where there...

those people don't have 1MM to lose in their lifetime.

There are some on here who haven’t seen trading places and will think your Bentley actually got repossessed.

Respect to the guy who talks about both sides of his trade not just the winning one.

You think the CCP as a whole is after personal wealth? I get the sense that the CCP was all for China like the Nazi’s were all for Germany and unlike African dictators who are all for themselves. They have a different notion as to what China is (for example human rights vs economic growth) than...

Nothing in 14 months. but in 3-5 years you can be earning far more than 100k (like 1MM/year). You get all sorts of leverage at very cheap prices (especially if your hurdle is only 100k).

the greeks are just a partial differential equation explaining a very small move in the underlying. If you want to understand a larger move, you need to expand the full Taylor series, but in reality that's not necessary as you get a close enough answer with the first, second and sometimes third...

on those 100 delta calls and 100 delta puts!

there might be a service that does news heatmap. Bloomberg does it. It’s not great but it shows where there’s at least smoke.

I'm up quite a bit. The market maker tried to asplode the gamma on my stock positions. When I gave them the secret market maker handshake, they agreed not to. I'm going to the country club with them after the close to smoke cigars and laugh about all the retail traders he took money from with...

He made a fortune. His partner Louis Winthorp and Ophelia devised a scheme to earn on the selloff.

the network size is the moat, isn’t it?

so you aren’t going to post that “academic research?”

because you missed the joke. I liked the joke. notice how I was nice to you when I said you missed the joke.

no. I follow ETJ though. what’s your excuse for polluting threads?

The money will trickle down to single mothers who desperately need milk money for their children.

The post about Brad Pitt was obviously a joke.