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My friend, you don't realize the tremendous amount of risk one takes investing/trading with ones own capital, especially it when it becomes a sizable chunk of their net worth. Trading OPM lets you spread the risk and trade with a reasonably lesser levels of stress. There's a reason why Elon Musk...

Actually @lawrence-lugar is right! Its nothing more than keeping score and collecting points. Just figure out a way to spend those points wisely. Ed Seykota's Rule #8 of trading #8. Plow money back into your trading portfolio. Don’t make a big profit and then run out to buy a new Porsche...

Haha! Only if you'd only divested into weed and smut, would've made staring at the IB-TWS greek tables more psychedelic and tad bit arousing, ;)

I had an hour-long conversation with sle last night. It was enlightening talking to a professional about the outlook of the hedge fund industry. It gave me different points of view to scale the business. I learned that trading may not be the path to grow the business. Its a quick seed money into...

Actually, I should've been more specific. I don't "martingale" futures. I keep adding insurance and hedges at attractive price points. They're almost always delta neutralizing hedges that gives more margin relief to take better risks on a particular trend (bullish/bearish/neutral) that I want to...

@ironchef I realize you were responding to the OP, but I had a similar posting about collaboration after a chest-thumping equity curve. However, seeking partnership to collaborate and investors to invest is for better risk management. If you have done 100% return with your own money, you can...

Hi @SimpleMeLike I didn't mean to *load up* on the edge or strategy, but to load-up on a mispricing. A good mispricing arbitrage is riskless. In 2016, I bought a debit spread of +1P @ 21 / -1P @ 20 on a $24 stock for a 5c credit!!! See that I got paid $5c to essentially buy a put! So, at $1.4...

That's how I started out, 2 yrs ago, simple spreads on SPX indices. You're chugging along with picking up daily theta at 1% to 2% per week! If everything goes fine, you get around 50 to 60% per year gain. Then boom, vol spikes and you get a Dec'15 / Jan'16 like event or worse a flash crash. It...

Wow! I just started following this thread. 80% profit by selling 20 delta strangles and ratio'ed strangles on an index, eh? Seems like the short call is giving a theta-decayed hedge. I've got to figure out how to incorporate this into my series of strategies. I had reviewed Karen's videos in the...

Actualy I agree whole-heartedly with @Jzwu2017 There is a social stigma attached with trading especially for some of us who come from science and engineering. I do believe folks with a math background are better served in trading for larger profits than working for a software company making...

I just wikipedia'ed Martingale. I don't know much about gambling, but I do know how to run a business and have done several businesses (since 11yrs old) that I have exited for profit. The "doubling down" concept to recover a loss is psychologically detrimental to the business operator and leads...

There is investments and then there is trading. Two different things. Investment is picking undervalued equities and wait for the pop and ride profits. Slow and steady. Trading is a high pressure adrenaline rushed activity, meant for the very limited few. Its buying calls when expecting a pop on...

What's your metric? - Raw Account Growth - % of Winning Trades - High Sharpe, Sortino and Calmar Ratios of 5 and better? - Reduced Drawdowns - Or speedier recoveries from draw-downs? - Higher number of up days when compared against an index? I posted my results on a previous thread under...

How do you take advantage of skew on multi-legs? I havn't seen too many traders use skew very effectively besides arbitrage. Some use it for predicting a certain price point and work a contrarian position against it, etc

Dear Friend, I realize the posting would solicit a bit of snark especially with the chest beating. In the most sincerest way, it wasn't meant to show-off. It truly is meant to attract respect and dialogue with fellow traders of better calibre. As traders know, there is strategy, calculations on...

Last night, while chatting with a trader acquaintance of mine who is starting a option trader group, he approached me as "successful trader" to raise funds. First time, I was referred to as a successful trader. I just dont see myself that way. It was just a series of risk-calculated moves...

IB's TWS platform. They recently introduced the 3D plots. I don't claim any level of sophistication in using them. I usually put ratio spreads to give me margin relief and a much needed negative hedge. Using the charts, I've figured out how to get a hedge that "bleeds" into profitability over time.

In general, SPX skew charts have always shown the downsides having higher IV even in a raging bull market. Doesn't mean that the market is expecting a crash. Just means that more takers hedging on a downside move and neutralizing any risk that they have when they are pyramiding longs. What...

YESSSSS!!!!

This kind of intellectually curiosity will make you a successful trader. I learned from a guy a who trading 20B index arb desk at Deutche bank you need to always ask what you're getting paid for. Seeking of the "truth" leads to more truths and repeat the truth for more profits. From my 2 years...