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Where’s tradex. He read a book called “triangular arbitrage” and is an authority on the subject.

His SEC filing says he has 8mm Aum.

dustin buys options. He is implicitly making long gamma bets but has shown (at least in his journal) that he’s good at finding stocks that are moving enough to pay for the decay.

i do this in excel.

not worth it for what you do. you pay wider bid/offer won’t monetize the gamma/theta/Vega and will get less delta exposure. and you will be trading bigger size than you are accustomed to.

when it comes to learning a skill, like wood working I agree. But that doesn’t apply to learning abstract things. I actually spend most of my time reading management science books. Some are great, some are okay. But I’ve learned something from everyone of them that I have read.

nothing guarantees success in trading. However willing ignorance definitely makes the journey a lot harder. Well written books provide you with insights that would take you a thousand lifetimes to learn. warren buffet and Charlie munger credit a significant amount of their success to...

if i told you, you would all of a sudden become scared of taking risk or you would stop outperforming the market like most hedgefunders and bank traders. :)

no. i have not heard of it. was it a good read?

in a strictly up market, the TQQQ will perform better. in a strictly down market the TQQQ will perform worse. In a sideways market the TQQQ will perform worse than the QQQ. This has to do with downdrift component in returns. So there will be periods that the TQQQ will do a lot better than the...

It was believed that madoff had the magic touch in his stock selection. He was buying a basket of stocks he thought would perform and then buying the collars. I interviewed with a very seasoned prop guy (from around your and taowaves time) who thought very highly of madoff in 2007.

it was good. Most of it I knew but the study on strangles vs straddles was fascinating. I need to study that one myself.

It’s because they read so many books they are scared to take real risk.

agreed on a journal. I keep two sets of diaries: an emotional one and a rational one. While I rarely go back and reread the entries I find just getting the thoughts on paper allow me to get past the first level of thought and come to a better conclusion on my next course of action. But everyone...

agreed. All the good traders at banks and hedge funds don’t EVER read any trading books. Most of them don’t even go to college or high school because education is for eggheads who don’t know how to take risk. You and I get this. Because we don’t understand Venn diagrams. That’s why we are...

You can't lose reading an options book if you want to be an options trader. Almost all of them will have something you can synthesize into your current knowledge base. When I started I read Hull and did all the math problems in it. It took me about 2 weeks while also working on a some stat arb...

why should I change my name? He’s the one who sucks.

If a stock I was long had sold off 30percent in one day, I would much rather have had a 1y buywrite than a 1week buywrite

how do you make a statement like that and then also make a statement that you want to learn about options?

In my manufacturing firm this comes up from time to time (as I don’t take dividends). It becomes an issue when you are audited. You can try to make the argument that you are reinvesting the gains in the business and that will often fly. Otherwise you might have to take the div and immediately...