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I only closed the put side. 1.9% of account down the drain today :(

Out for 7.79! I'll post fill when I get in. That's okay guys, we are expected to get these huge losses. Thats the name of the short earnings vol game.

First bomb 9f the journal. We expected it. We prepared.

I am actually taking a position in KSS. Short the 49/58.5 58.5/68 synthetic fly for -4.70.

Week 1 in the bag.

Hey @ffs1001 my returns are simply calculated as LN(What did I close it for/What did I buy it for). In our case LN(2.90/5.20) = -58%. These are log returns. If SPY is 310 and 311 tomorrow than the return is LN(311/310) or .3%. Hope that clarifies I am usually selling the closest day to...

Let's say I am an angel investor looking to invest in a hedge fund. Would I be able to login to my account and see my current balance or do they usually give quarterly statements and other than that I am blind? Assuming no lock up period, if I want to withdrawal some funds is 3 business days a...

Forget about Automation vs Manual or Intraday vs Swing or Fundamental vs Technical. Start off with an idea. Once you find that idea use the proper tools to execute. Let's say your idea is - "I can front run hedge funds and make a few cents". Does manually doing this seem reasonable? Absolutely...

I actually owe a lot of my success to Kevin. Here's a guy who can take you from a confused trader to a profitable trader in a year yet people like @raVar will block him. He literally spelled out a strategy in the delta 1 space on my spread trading thread. Dest has done the same in multiple...

@raVar said: For that matter, what's a Reduced Call/Put Ratio Back Spread Option, or how about some of my engineered derivative favorites such as the Reversible Iron Butterfly Option, or the Encapsulated Double Apex Option, or the Encapsulated Double Apex with Bleed Extensions Option. Or, while...

#TheStreetsAreLitteredWithCowboys #YouCantHedgeAgainstDestriero

I hope I did not persuade you to avoid the trade. No trades for me today. I will post pnl this evening, it looks like we are up >2% on the portfolio this week

Imagine if options did not decrease over night. An investor could buy a straddle at 3:59 EST and close the position at 9:30 the next morning for no theta risk but get exposure to long gamma. If this were the case, everybody would be doing it which would push the option prices up. Different...

It gets even worse, @raVar is not a partner in a firm. He has no partners!

Man this is going to be good. The first sentence of his old handle @raVar is getting "drug" into situations! Piggy you might want to delete your post before dest takes this too far.

Are you a detective? I think your next post will be his house address. Good work! LOL. On a serious note tho, you just opened up a can of worms. Dest is going to rip him a new one regarding his previous handle. Let me grab the popcorn :p

Ravar said: Guy was smart as a whip. Though we didn't get along. At all. Go figure...

NVDA only down 2% after hours. I really missed the boat here.

"A New Approach to Modeling and Estimation for Pairs Trading" Binh Do ∗ Robert Faff † Kais Hamza ‡ This paper talks about a pairs trading strategy in the return space. Looks interesting, but I am going to stick with with VECM/SVECM in the levels(price) space. Correct me if I am wrong.

Thank you Kevin for your continued support. Your explanations have been extremely helpful. I hope down the road other ambitious traders find this thread. When I fit my VECM model should I fit it in levels (log(Y1), log(Y2)) or in the first differences. I have seen the model used with both for...