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Here is the real thing with banning short selling, it (drastically) reduces liquidity which then makes the instrument much more susceptible to manipulation. The powers that be doing this in the last 10 years know damn well what they are doing, there is a trove of academic research on the topic...

SPX puts are for sure overvalued the last 20 years, this is has been looked at from every angle, there is alpha in them thar indexes. That said, I think mechanically selling premium every month on the index is, well, simple-minded (and potentially life-altering/dangerous if done with leverage...

emg we need an "emg special" flowchart on IB autoliquidation. I have to say, as an IB customer (since circa 2001ish), it is one of few things (IRS being another) that occasionally keeps me awake at night. The good news is, it surely makes one think twice about significant leverage and/or...

The only initiating play (besides sitting in cash) on the board the last few days is short puts on anything bullish (or some other less costly version of that trade). My scans were returning an insane amount of choices for bullish plays, it was a gift from the gods, you had your pick of the...

There is the model, and then there is the market. The two should not be confused. Doing so can be extremely costly, as the the namesakes of that model found out all too well... If I came to you and said I'll take everything you're willing to sell me on XYZ July puts @ 20 strike, will you...

I think the idea with selling otm premium (and thus generally putting the probability of expiring out of the money always in your theoretical favor), is simply to allow people to live long enough to figure something out. They've surely seen new accounts dying spectacular deaths by buying OTM...

It is entertainment first, and I think has some good educational value. That being said, they over-trade. Perhaps it is a result of being floor traders for so long. I bet they would even admit they over-trade if they really sat back and thought about it and reviewed their numbers. It does...

For major net exporters, it can devalue their currency on a massive level, so at the very least imports become very expensive and things can become inflationary. For major net importers, it is actually deflationary. For the typical US consumer, this sort of move down is like a huge tax cut /...

There has been a lot of sound advice, some scary advice (which I actually believe was either tongue-in-cheek or to rather challenge your rather questionable assumptions), and then we even had a real deal old vet drop by (dbphoenix) to make a clever if not cynical (sort of) non-sequitur. All...

The fact that there are profitable fully-automated shops running around already answers this question. They instructed a computer how to do it, and let me tell you computers have a very low IQ :D Machine-learning aside, anything taught to a computer can be taught to a human... Researching...

Very different experiences depending on what year/model you are looking for? No (I can't speak for the Miura, would love to drive one if someone has one in so-cal they'd like me to "evaluate") modern Lambo would really qualify as a "driver's car" in the contemporary use of the word. The...

I use gainskeeper. Not cheap but effective. One certainly has to wonder now that since the IRS is requiring brokers to publish your cost basis (for equities), will this lead to brokerage houses effectively providing this service for you in future years since it isn't a huge leap to spit out...

It is interesting that such an intelligent man still does not really understand his downfall, at least as evidenced by this list, perhaps it is cognitive dissonance? It is really a modern, real life parable. In the end, in speculation in which you have no outside risk manager, emotional...

Cheers Anthony, I miss our old TB Forum days. I see you have started a public forum with Andreas, so I will skulk around there as well :cool: I suppose in considering your provocative pot stirring question, I would say it really boils down to what the rationalization is for your anticipated...

"You know, it's a bull market!" - Old Turkey

Too bad consultants "Bob and Bob" weren't the ones to catch this, as this guy would have been promoted rather than let go. People should really ponder the implications of these sorts of shenanigans with regards to their future quality of life as a white collar service worker here in the U.S...

98% of the population can't trade their way out of a paper bag. It just seems worse on ET because of the number of aliases per individual running about. It doesn't matter where you go. At any rate I suggest you consider 10,000 hour rule of thumb. Mind you this is an average (at any given...

My opinion is that sociopaths have distinct advantages in trading markets. This is particularly the case for more discretionary styles. It makes sense really, to succeed you need have or cultivate different qualities than the typical human. The other route for those of you fortunate enough...

If EOD suits you then you can build your custom scan quite easily with: http://www.avasaram.com/ No cost.

Replace strategies with instruments and increase the count significantly and you have a good definition of trend-following in your quote below. I think if you really step back for a second you would be surprised how close your language below is to the mantra of a trend follower. The...