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I rebalance my trading account to a set dollar amount every 2 to 3 weeks. From the amount I've pulled out, a set amount is considered "salary" and goes into my checking/savings accounts to cover everyday bills/expenses (mortgage, cars, etc, etc, etc), the balance goes into another investment...

Thats because the person trying to hit your bid with a market order first routed their order (knowingly or unknowingly) through a dark pool by way of an Indication of Interest. Once this is done, the nature of their order becomes public knowledge and others can act on it (in this case, getting...

Agreed.

Calm down there big guy. Did I quote you in my post? "You" can be used as a very generic term and if you couldn't tell, my post was wildly sarcastic. Given the amount of GS bashing, HFT bashing, etc on ET, it's pretty clear that a TON of people on this site are simply seeking out a...

Yep, they are laughing at you. They keep putting out recommendations, they trade against their clients, and then those same clients continue to follow the recommendations. Seriously, you actually believe that? You probably also believe the reason you are an unprofitable trader is because...

S&P500...Yep, lots of illiquid stocks are part of that index. Try actually reading the report before adding your worthless opinion (and I say its worthless because based on your comment, you clearly haven't read the press release from the S&P as it CLEARLY states this applies only to the...

Excellent thread and a lot of very good advice for anyone starting out. Thanks!

There seems to exist a mistaken assumption by some here that there exists some implied right to a liquid or even marginally rational market in any stock, option contract, futures contract, or any other financial asset. Sometimes markets are liquid, sometimes they are not. Markets are...

Actually, the OP wrote: He didn't state that he had on a vertical put spread (which would have been easy enough to do). He stated that his long position would move in a dollar for dollar manner with his short position (which a Vertical doesn't do unless very deep ITM or near to expiration...

Was this a vertical spread or a delta hedged position? You haven't told us yet whether your positions in the 114 puts and the 119 puts were equal or whether you were delta hedged (short more of the 114 puts verus your long position in the 119 puts). You simply stated that your long...

Check out there Masters in Financial Engineering. This was the degree to which I was primarily referring. Been so long since I looked into attending one of the programs that I forget they aren't part of the MBA track. As others have stated, in this and other threads on ET, equity trading on...

This statement isn't precisely accurate. Taleb's assertion, and the one he trades on is not that TA/etc doesn't work, it's that the distribution used is incorrect (which, as you note would invalidate some TA, but not all). Incorrect however, doesn't necessarily mean, not normally distributed...

Not the best strategy and doesn't generate much in the way of returns or income quite frankly. That said, I'm not an option trader and general only use options as a hedging strategy, primarily for my high yield fixed income book. If you are dead set on buying XOM and feel comfortable owning...

Actually they do. See MIT/Carnegie Mellon. While you say it's all theory, I hate to break it to you but a lot of the "trading" thats going on right now is fully based on the theory that these two schools pioneered. But since you are interested in portfolio management, you don't need to know...

You're 32 yrs old. As you've been told, you are at a huge disadvantage as a jobseeker for an entrylevel position. Don't forget that there are also 20,000+ very talented guys/gals who have been recently laid off that are also looking for work and any job you think you might be interested in...