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All idiots! They could be making so much money by trading RSA and Fib breakouts :)

If you structure your career correctly, even if you lose your alpha or don’t have it in the first place it is not a disaster. These guys were getting paid something all that time and they gained other skills and connections. For example, some of the sales coverage or PB representatives are...

Many professionals do take decades to develop their process and it's not uncommon to open your first fund (or to get your first independent PM gig) in your 50s. In the end, professional trading/investing is about developing a process and refining it. Some people get there quicker and some...

The security guards have really made it!

Lets see. One for my IB chats so I can stay in touch with my homies. Another one for the YouTube so I can watch kitten videos. Finally, one for a BIG intraday chat of spooz so my boss thinks I’m working.

It's more likely (as it was gossiped around Steves shop about a year ago) that it was a worthless investment and Cohen Ventures decided not to participate in the next round of funding.

When I was five, I started dealing drugs. By the time I was ten, I was the main man on my block and at the age of eighteen I was running a proper import-export business. My favorite tool is a 45, but I also cary a small 22 special in my sock.

Do they spank you if you deviate from the plan?

Assuming you have hedged your FX exposure coming from the margin, you’re only exposed to the currency on the changes in value (unless your are talking about some specific foreign contracts that are locally denominated).

FWIW, I am not sure multiple testing error truly applies if you are just making small adjustments as you’re still testing a single hypothesis. In any case, as long as you are making manual adjustments or coming up with priors based on your experience (as opposed to iteration) multiple testing...

Erm, don't you want to include some measure of risk and associated reward before you even start talking about "second income"?

This is probably the most insightful thing anyone said here. For most people, blowing up either means losing their own money (even as a fund, the founders are usually heavily invested) or means completely destroying their career. However, once you reach a certain level of fame (phd or no phd)...

Payment for order flow is possible because your equity/option order is directed to a separate "exchange" (well ECN if you want to be specific) where the market makers do their thing. Futures are single-listed and the exchanges do not want competition in the form of off-exchange trading.

Well, until one of ‘em retail traders does some TCA we would not know either way. My prior would be that total cost would be a marginal improvement over an average cost of directed execution or SOR that includes non-PFOF venues. For larger traders it might be negative and I am almost certain...

Maybe she got a job in the industry and can't post on social media any more. Or maybe her modeling career took off and she's not interested in trading at the moment.

Pretty and smart!

Very nice convexity profile! :D

I want one of these! Speak for yourself! I'd gladly pay to watch someone like Margo Robbie trade paper money!

Dude, fer fok sake, you gonna be 45 min away from Joshua Tree! Forget "Trading Community", smoke a joint and go rock climbing or mountain biking!

Except, of course, it's exactly the opposite in real life, since futures volume dwarfs pretty much everything else. Despite futures being a derivative, most market moves come from the futures side and there have been studies to that effect. There is no straightforward answer to this question...