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Active management is difficult because information is synthesized into stocks really fast. You have to be really informed and fast to monetize the repricing. or you have to be really slow and willing to suffer volatility. You can only do that if your investors can’t redeem their capital...

mattresses will scale to population rather than homes and we had excess deaths of more than 500,000 people and no real baby boom as a result of the lockdowns. second I don’t think construction crews were subject to lockdowns. I think they were generally considered essential businesses though...

it could cost them the number one seed and that final nfc championship game in cold Wisconsin.

I’m sure you have a source for this. You must have forgotten to cite it.

So Texas won’t allow a book about lesbian girls but requires a book that proves the Holocaust didn’t happen.

no. Reading the 1099 can be tricky. It took me like an hour with E*TRADE tax department to understand it one year. Depending on how you traded and the positions you carried at the end of the year and through Jan 30th, you might have no liability and the reporting is wonky. easiest is to talk...

Atm 30 day is your best bet. It will tell you where the smoke is.

I could make 10x that if I had a system that made money 84percent of the time buying calls and puts. I wouldn’t have to build a website, deal with payment processors, and answer posts from bozo customers who don’t understand why their results are different than the posted ones. I would have many...

He should have gone to jail for his funding secured.

me too. And fixed strike vol though that has the obvious caveats but it’s actually the thing you trade.

buffalo soldier! Speaking of brought to a country. Why is the Turkish food in Germany so crap?

I don’t day trade at all. I was planning on carrying 200k of delta to hedge my options position and went the other way by a factor of 10. Why you shouldn’t trade while in a meeting!

you got a few thousand people to trade your signals after you trade them for your own account? damn. PT Barnum was right.

Implied volatility is so black-scholes. I have a new model that is far superior and doesn’t even require strikes.

i accidentally sold $2mm of tsla stock yesterday near the close. I found out this morning when I updated my trading blotter. I was down 20k when I figured this out. I ended up 7k. It was a nerve wracking 2 hours to be short 2mm on a 70 vol stock that just sold off 15percent in 2 days until 7am...

I think it will continue forever. The easy returns in hedge funds (the arbitrages, fat risk premiums, etc) have been compressed to almost nothing because of capital, technology, and access. hedge funds have to get much much smarter to outperform. This is one of the reasons hedgefunds changed...

forget the physical toll. The emotional toll can be far worse.

He should travel for the summer then go to brick and mortar school for the year. After he’s done with school he should take a year and travel (like the Europeans do)

I think that unless you have a few million (like 3) it’s difficult to be successful.

I can’t do that. I put my peloton overlooking the city from my penthouse apartment. :) <blockquote class="twitter-tweet"><p lang="en" dir="ltr">I took my Peloton bike to Europe and used it on the balcony of our $2,000/night Airbnb and honestly I felt like I was flying over London, you should...