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I like risky stocks too, as long as there's big reward. I missed the boat on miners back in March. I bought a decent amount of the GLD ETF last fall. If we get a nice correction, I'll look for some bargains in the mining/gold exploration sector....maybe put a low bid in GOEX if it gets below $25.

I would stick to just coding. There are plenty of developers in our industry who don't have any clue about trading...yet guys who can code are what prop groups and trading firms are mainly looking to hire. It's a nice, decent paying, cushy job without any of the stress or headaches of running...

Win big and lose big on mining stocks. They've got big betas relative to spot gold. You like the big caps (Barrick, Rio, BHP, Newmont, etc.) or small caps in this sector?

I'm done with this clown. Like talking to a 5 year old.

Think of it this way. At higher volatility levels and/or lots of time left to expiration, a stock with a price of $100 is equally as likely to rally to $200 (double) as it is to drop down to $50 (cut in half). Or a $1 stock is just as likely (same probability) to drop to zero ($0) as it is to...

You are confusing stock price return with stock price distribution. The coin toss or daily price returns on a stock are normally distributed, equally weighted, and have same standard deviation moves. But a stock's actual price, or its potential range of prices (as determined by volatility) are...

Your "fair" 100 put is only 20 ITM. It's impossible for it to be worth 25 (5 extra) at expiration with spot at 80.

Instruments with lognormal price distributions such as equities have skewed and asymmetric standard deviations. A one standard deviation move higher will have a higher payout than a one standard deviation move lower when the price distribution is positively skewed in assets such as stocks. The...

Your "fair" puts already exist in products like crude oil, FX and interest rate products where prices and interest rates can go negative, or where there's theoretically equal price range in either direction. If there's theoretically unlimited price risk in either direction (which is not the...

Buffett on Gold: "If you panicked at the prospects of runaway deficits and a worthless currency" and bought 3.25 ounces of gold with your $114.75. it would be worth about $4,200, or "less than 1% of what would have been realized from a simple unmanaged investment in American business." "The...

Buy both. BTC and gold have similar favorable long-term fundamentals. Gold is better as the more mature traditional store of value and has much lower desirable volatility...while Bitcoin is gaining popularity as a currency to transact with and has bigger upside. When BTC's volatility finally...

Here are 2 good starting places to raise capital for your Ponzi scheme/trading scam: https://www.gofundme.com/ http://www.kickstarter.com/

How come it's never the other way around??

Money can't buy you happiness, but it sure can get you a really nice looking trophy wife.

The Chinese have it down to a science. The amount of times you've bought and had to replace that fake Rolex or fake Louis Vuitton bag, you could have just bought the real thing and actually saved money.

You can marry more money in 5 minutes than you can make in a lifetime.

You can make a lot more money selling pickaxes and shovels, than mining for the gold.

Relying on someone else to hold your hand and tell you what to do will get you nowhere. You won't learn anything and will have a short career. Come up with your own ideas and trading style. Take plenty of notes, and only use technical analysis to confirm your own opinion.

I thought that was you. LMFAO

It also depends on your personality and tolerance for abuse. During the 2007-2009 GFC I would stand "bell-to-bell" on the trading floor with no bathroom breaks, no breakast, and no lunches...just 100% non-stop, obsessive, extreme machine-like day trading. I once took a $25k lunch and vowed that...