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impossible to generate those returns just being long the market via “stock picking” (a collar is just a little less long the market).

I guess you can take stories with no facts and lots of exaggeration as a “different view point”

I don’t see that as a possibility - at least it’s as remote as the spx dot shorting down 50percent in a few seconds (how do you hedge for that?) but the cost of having 4 brokers in terms of bookkeeping and capital management (margin, etc) seems really annoying.

my biggest fear isn’t my broker going down but a massive power outage like what happend in Texas.

when you make 10 billion a year and it’s liquid, what do you do?

I spend 1 hour a day on journaling and bookkeeping my trades. 1/2 in the morning to make my plan and 1/2 hour throughout the day to review book performance. This saves me about 3 hours a day because I don’t stare at the screen looking at the same position all day just watching the last tick...

often the act of writing the journal is enough to compile your thoughts with no need to review it.

I have never heard of people describing their house in terms of bedrooms. I hear people describing houses in terms of sq ft all the time.

brokers can fail in theory and practice. But not one failed in the gfc. And not one investor couldn’t manage their money during it. And like when a bank fails, the fdic will force a merger to protext depositers (deposits are highly sought after), same with AUM. I am talking legit brokers...

100percent of my liquid net worth with 1 broker, two accounts. One PM and one reg t. Reg t account is a legacy account and is now used as kind of escrow for cash that needs to out. having multiple accounts adds a lot of bookkeeping work and is capital inefficient in my opinion.

tesla isn’t changing their model shapes I think for two reasons: Brand/Marketing - the car is meant to be timeless (proof that the electric car can last forever) and that you don’t need a cycle of upgrades that the other automotive companies rely on. Resources - Tesla doesn’t have the deep...

hard to pursue when the second coming of their god was doing the same thing.

self employed as a trader or something else?

she hates football. Too many black people.

Ray finkle is M.W.

probably in a thruple with the HOPE girl. That’s why she can’t figure out his gender.

I would think more along 2018 shutdown. In 2011, no one fathomed that congress would be that stupid - now we all know.

Hmmm. An poor entrepreneur is like a poor day trader. You live in your mom's basement masturbating at the thought of her bridge group.

TheDawn keeps harping how options are unpredictable and how infinite gamma will kill you TheDawn claims he earns a lot trading options. TheDawn loses 25% of his account on infinite gamma in 1 trade.

Growth rate has to be higher than 40percent to keep up when they cut their gross margin by 20percent