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  1. BlueWaterSailor

    What's the difference between HFT front-running and Insider-trading?

    Ah, at least someone understood that lesson of history. Bravo. "Let's kick the bastards out!" always means "...so our bastards can get in." But the idiots who "man the barricades" will never understand that. I grew up in a country where people spent their lives shocked that all the slogans...
  2. BlueWaterSailor

    local volatility model

    Did you think that I was talking to you? How cute. How long have you had the delusion that the world revolves around you, and have you looked for professional help for that? Clue: I was laughing at you, as are most other people. Perhaps we shouldn't laugh at anyone with this amount of obvious...
  3. BlueWaterSailor

    local volatility model

    Setting aside the hilarity of recommending, without context, a Russian book on an English-speaking forum... a quick scan of this thing produces (among the endless boring generalities and circular "logic") such howlers as "the optimal scheme of investment requires an analysis of the entirety of...
  4. BlueWaterSailor

    Making 40%/year selling SPX options, and huge SPX Margin/BP differences between TDA and IB

    A few hundred if you're lucky; a few mil (and cutting losses early enough) if you're not. :) Seriously, though? There's no meaningful answer possible. How much could you have made pyramiding WTI from 1998 to 2008? (Caveat on asking me for help with options: much as I wish and strive to, I do...
  5. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Non-wheel: $12.33 VIX 191218C15 / C18 -$0.99 -$99.00 Buying another one in VIX. I guess this is what they call averaging down... with VIX at below 13, I'm willing to ride it. Wheel: $83.21 SBUX 191115P75/P90 -$7.40 -$363.00 My first market-caused loss of any meaningful size; guess it had to...
  6. BlueWaterSailor

    A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar

    I'll ask... a friend of mine. He'll make you a special deal.
  7. BlueWaterSailor

    A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar

    It can be a bit hard, separating economics - and by extension, at least some aspect of politics - from trading, but overall, I agree. It's not a particularly productive direction.
  8. BlueWaterSailor

    A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar

    Do you really? That's good, because I don't expect it from the majority of those who haven't served. It may be that the subtle difference between putting your life on the line to defend your country and paying the cost of politicians' whims and posturing in life, limb, and every other type of...
  9. BlueWaterSailor

    A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar

    What was the prize? Because if it was "Haw, haw, look at the size of our balls", then - speaking as a veteran - I'm just as glad for that "lack of resolve".
  10. BlueWaterSailor

    Trading, Taking and Income, and Capital Requirements

    I think destriero's outed all the ones that knee-jerk about simple bluntness and controversy. If they're stupid enough to freak out about that regardless of the actual value of what's being discussed, let'em die on that hill. It's not my kind of battle, but I'll admit to some guilty vicarious...
  11. BlueWaterSailor

    A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar

    The petro-yuan! What a GREAT solution for getting out from under the thumb of the US! Because - as everyone knows - being under China's thumb is sure to be better...
  12. BlueWaterSailor

    Any advice for a soon to be full-time trader?

    Two decades, and still totally clueless? Unsurprising. If you don't know how to think, spell, or express anything beyond a caveman's grunt, learning from experience is going to be way beyond your abilities. My point, since you missed it, was that your typing effort (poor lad; deciding which...
  13. BlueWaterSailor

    Trading, Taking and Income, and Capital Requirements

    Didn't watch any of the old crime dramas, I guess. Making the bad guy nervous enough to run back and make sure all of the evidence was gone is an old, old trap... That was good detective work, folks. Joe Friday would be proud of ya.
  14. BlueWaterSailor

    Any advice for a soon to be full-time trader?

    I've seen smelly ragpickers come up to people on the New York subway, mutter some irrelevant shit, and then wander off on whatever their business is. Thanks for the memories.
  15. BlueWaterSailor

    Trading, Taking and Income, and Capital Requirements

    Back in my high school days, the equivalent we used was "I promise I won't come in your mouth". Whether raVar is on the side of the angels or not, disclaimers of that sort are not much of an indicator. As do rabid chihuahuas. It's not exactly what I'd call meaningful. Demonstrated competence...
  16. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    Followup to last post: I've been keeping track of the total cost for any given entry on a spreadsheet and modifying it (keeping track of either total credit or basis) when I roll; that works fine when I'm rolling the whole thing, but breaks when I close or roll only a part of it, as with the...
  17. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    $83.38 SBUX 191115C90 / C105 -$0.40 Closing out 1/2 of the fly. Total credit: 4.17-0.40=3.77, current closing cost: 6.82, a -$305 P&L. I'll see how earnings goes, and either go inverted, roll, or close depending on the results. $29.92 TWTR 191115C38.5 / C40.5 -$0.02 Closing call side of fly...
  18. BlueWaterSailor

    BlueWaterSailor: trading journey and journal

    So, no trades Monday - with quite good reason. I think I'm finding a middle ground between just sitting on my hands and getting into poor-quality trades, all without compromising. Good trick, neh? It doesn't work all the time, but here's how: I look at my Usual List of Suspects - SPY, IWM, TLT...
  19. BlueWaterSailor

    A Non-Correlated Strategy Trading Journal That Shows Profit

    We did. It's the one with the 19 year old Eastern European nanny in it... It's nothing but the boring old Transverse Paisley Albino Newt strategy; I'm sure you're familiar with it. Alternate shorts and longs on every strike of every stock on the Bolsa de Valores, and buy the CME as a hedge (I...
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