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  1. J

    Considering a career change from aviation to finance

    Just curious what people think about CFA as an option as opposed to an MBA? I work in ALM for a large insurance company but would like to get into the fixed income or derivatives department and have been told CFA is the way to go. I'm currently studying for my first exam and it's a lot of...
  2. J

    Took out a loan to transition to full-time trading. 24 years old.

    I don't understand why, if you are as financially secure as you state, that you would be forced to borrow 11k at loan shark rates? Would you not qualify for an unsecured credit line at a substantially lower interest rate? Seems like a recipe for disaster having to make 26% net just to break even.
  3. J

    Our 400,000 Trade Test Proves Using Stops Is Not Very Bright

    Surf, still no mention of the max drawdown of each system. Just because outright performance is better doesn't necessarily translate into a more palatable equity curve for investors.
  4. J

    Our 400,000 Trade Test Proves Using Stops Is Not Very Bright

    Hey surf, just curious. What was the max draw down % in the stops vs no stops systems?
  5. J

    Canadian Prop Firms (Remote Trading)

    You could try these guys, I remember hearing good things about them back in the day www.globalmarkettrading.ca
  6. J

    Stop Orders for Call or Put Options

    I feel badly for the guy, he could really get himself into trouble if he puts any real money on the line. Seems like he wants to use options vs stocks for pure directional plays but doesn't understand the fundamental theory or mechanics. Hopefully he puts it together and is able to ask more...
  7. J

    Stop Orders for Call or Put Options

    I think you're confusing a few concepts here. First, select what underlying you want to purchase an option on. Second, decide what strike price you want to purchase. Third, come up with a value that you want to pay for that option. Enter a limit order with the price you are willing to pay...
  8. J

    Exercising Options

    Yes, the intrinsic value will be factored into the bid price. As a general rule, liquid options will not trade at less than intrinsic value.
  9. J

    Exercising Options

    Unless you want to hold the shares, why would you exercise the option? You can simply sell it for the intrinsic value of $5 x 100 per contract + any time value left. You also avoid incurring any exercise fees from your brokerage, and instead pay only your regular option trade commission.
  10. J

    options call

    The option price at a given strike will be made up of two components: The Extrinsic (Time) value and any Intrinsic (underlying) value. For a 10.00 call on an 11.00 stock the price will equal 1.00 (intrinsic) + x amount of extrinsic (time) value depending on the implied volatility and time to...
  11. J

    Put Options Question

    If you buy a Long Call, you are buying the right to purchase the stock at a given price. and you want the price to rise so you can purchase the stock at the cheaper price. If you buy a Long Put, you are buying the right to sell the stock at a given price and you want the price to drop so you...
  12. J

    R.I.P. - Don Bright

    Very sad news... hope Don is in a better place :(
  13. J

    Need somewhere to think out loud,

    Wow, you're a really good guy then... my bad... best of luck to you!
  14. J

    Need somewhere to think out loud,

    Dude no offense, but I know guys who pay big big bucks and rarely see their kids.... they are far from happy about it. On your deathbed wouldn't you rather have spent time with your children? I guarantee punting 5k in your Oanda acct will be the last thing on your mind at that point... just...
  15. J

    Need somewhere to think out loud,

  16. J

    Need somewhere to think out loud,

  17. J

    Need somewhere to think out loud,

  18. J

    wti spot price

    I think for spot crude you would need access to sources like bloomberg or ICE for brent. Not sure if the spot oil market is similar to nat gas but I don't think spot markets aside from currencies are an overly accessible market for retail.
  19. J

    wti spot price

    This should help you understand the difference between spot and forward http://www.ufxmarkets.com/learn/forex-school/novice/spot-vs-futures-contract
  20. J

    mgrunin LOL

    Bank fraud to the tune of 350k... welcome to federal "pound me in the ass" prison Mr. Grunin.
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