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I think our disagreement comes from the definition of energy trader. I work on the power marketer and EDC side, which is where the vast majority of energy traders work. They are all doing just fine, and in fact he number of deregulated energy marketers is proliferating at a crazy pace. These are...

I'm sorry, I swear you said scientists had come to a "consensus", your word, not mine although it is accurate. And then you quote a Wikipedia article (seriously!) with a very typical title a scientist or engineer would use, The Great Global Warming Swindle (that's sarcasm, btw). Let's just say...

Comparing Soros shorting the GBP to take advantage of an unsupportable currency peg using $10B of other people's money to a random punter selling 100 shares of SPY short is just idiotic. That's like saying "Jeff Bezos made millions/billions starting an online bookstore, will you be the next to...

I can tell from several threads that you're looking for some kind of holy grail "leading indicator" that simply doesn't exist. The economy and the market are inextricably linked, it's hopelessly naive to ask if one predicted or caused the other as there are dozens and dozens of factors that...

And yet I still feel stupid because I haven't figured out a way to reliably make money off their ignorance yet. It's my holy grail, them and the ultra partisan and fundamentalists, that kind of willfull ignorance has to be exploitable!

Sorry, but this entire comment is just asinine. The energy markets are an order of magnitude more complex than the financial markets, and they aren't going anywhere any time soon. Do you actually know anything about locational marginal pricing, the day ahead and hour ahead auctions, transmission...

You have a huge misperception of how futures are priced. The difference between any index future and spot can be 100% explained by the dividends and interest rate. There is no "guessing" that prices will be higher or lower in the future that causes futures to diverge from spot, if there was it...

Keep in mind that a US/EUR rate changes of $.05 overnight is very large. It's not something that happens absent a major crisis.......that happened to occur overnight.

You can always buy an opposite position at the other broker to freeze your P&L. Not ideal but better than a sharp stick in the eye that you'd get otherwise.

I noticed an error on my part in my example. You can't depreciate the land value, only the improvements. So you wouldn't depreciate 1/30 of $200K, more like 1/30 of $150K if your land was worth $50K.

And I'd maintain that the ability to readily admit that is the opposite of vanity.

In fact the term "real options" is used quite a bit in that industry and the thinking is very much as you describe. Heck, your analogy is good on a couple levels because the industry is also full of brilliant people you can learn from who can be unnecessarily arrogant, obnoxious assholes at times!

At a basic level, they're always there with a quote to buy from potential sellers and sell to potential buyers. To compensate them for this, they buy at a slightly lower price then they sell. Ideally if you're a market maker the market never moves suddenly and you just slightly adjust your bid...

This falls into the "if you have to ask, you can't afford it." category. Generally a large balance sheet means a public or large private company. Someone who could issue debt and have it rated investment grade. Significantly more than $500k.

No, wealthy individuals do not generally obtain loans which they personally guarantee in order to trade. Pretty much never, actually. A hedge fund borrowing against their assets or a private equity fund doing a leveraged buyout is completely different than a credit card loan.

Couldn't possibly be because IB is notorious for having horrible customer service, irrational autoliquidation, idiotic explanations...no, must be a "rat".

Just another public service announcement on what all those mysterious financial terms mean....NVDA's beta is 1.4 Today the S&P 500 went down 3.8%. With a beta of 1.4, you would expect NVDA to fall by 1.4*3.8=5.4% It actually fell 8.5%, so about 3% of the fall was due to idiosyncratic reasons...

Strongly agree with the advice to pay a tax advisor. But I can answer a couple of your questions. First, you can't necessarily expense capital expenditures to something like a house, you generally have depreciate that over time. Second, an amount that you depreciate the house pulls down your...

Again, if those entities or people never do business in the U.S. they can safely disregard U.S. laws. The jurisdictional standard isn't "was a U.S. citizens interest violated", it's did you violate a U.S. law in the U.S. Running an internet operation that allows U.S. citizens in the U.S. to...

I found this article interesting regarding what happens in a 2008 style crisis. https://www.ft.com/content/1d6ec1a2-a77f-11e7-93c5-648314d2c72c Their assertion is that a company’s return on invested capital is a good measure of how uncorrelated they will be in a down market, which I think has...