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Talked to TOS and TOS doesn't have advisor account.

Covered call is good for neural market. In the current downtrend and volatile market, it is one of the most riskiest strategies esp for investors not familiar with options. Listen to MTE's advice. He is one of the option traders in ET. I won't advise anyone to sell covered call in the...

Without being registered as a broker-dealer, their traders don't need register (i.e. no license required).

No. Some give 1099 and some K-1.

It has been well known for a long long time. In general housing in US is very cheap esp with weakening dollars. I believe a lot of Asians and Europeans are buying houses in major cities in US such as LA, SF, NYC. [edit] BTW housing in HK might go down soon.

Where in Hong Kong? How much?

Don't try to follow his examples. I can give you thousands of examples of generating income with selling options (or the reverse of it - buying options). There is no edge in buying or selling options. Read Natenberg's option book. Don't touch options until you have a better idea how...

Not a bad result. At least it was positive. Depending on your trading method, you use different statistical measure to analyse your result. Of course, the mean return is one of the most important measure. Some also use standard deviation of your portfolio return, sharpe ratio, win...

ID: Did you make money on average? Consider all the trades you have made, did you make money or not? You should analyse all your trades and try to infer with statistical tools. Nobody can tell you if you are good or lucky by looking at two days' result.

I knew stochastic calculus is useful for option theory, but don't know how it is related to stock trading esp daytrading stocks. Can you enlighten me? :D

You are paying too high the commission to justify short-term trading. You need to find out the extra revenue (or income) generated from covered call or naked put and compare it with the commission. What is your commission for trading options? Some long-term stock investors like to use...

For those who think possibility = probability (which i don't), My belief is that it is meaningless to talk about the probability of the existence of any "unknown" creator. In case someone want to prove or show that the probability of the existence of the unknown creator is very small, i...

It is true. So it is meaningless to talk about the probability of the existence of the creator. How can one then compare the probability of existence of the unknown creator and the creation by accident? Existence of the "unknown" creator is outside the domain of the Math or Science. It is...

I believe you have to pay tax for the performance fee received from trading OPM. Your friend can deduct the advisor fee. Does your friend's profit reported in 1099 from the brokerage firm is the net profit (i.e. profit - advisor fee paid to you if it is automatically charged as in IB...

How do you prove that it is more probable than the alternative of God? Lt 1/x -> 0 and Lt 1/y -> 0 There is no way to compare 1/x and 1/y until you know the relationship between x and y. Do you know a function regarding the probability of existence of God? No! It is impossible for...

I agree. The probability of the existence of life is 1. The real question is "Who put the apple in the basket?" or "Why is there an apple in the basket?" Consider this example: You observed that I had 100 winning trades in a row. For each trade, I got out the trade after exactly 5...

When I wrote my simulated evolution program, the program indeed destroyed some good codes. It is part of the algorithm to escape from the local minima. Anyone who has studied or done research in genetic algorithms or evolutionary programming can confirm my statement. The simuated evolution...

Someone put the apple in the basket and so the probability is 1. Consider another example: Close your eye and reach out a basket. What is the probability of getting a green apple in that basket? Can you say the probability is 1? Don't confuse probability with conditional probability...

It is based on my definition of intelligence, as explained in my previous message. We should look at this thread as two separable questions. 1. Is there any design under evidence of mass extinctions? 2. If the answer is positive, is the design intelligent? My definition of...

I don't think my belief is "unreasonable". Our intelligence is built on the rules learned by observing the nature. If the nature is dumb, can we learn from it? (Of course, we can. Everything is possible.) :) What is "Intelligence"? Is it an ability to learn and reason? Is it an ability...