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Hedging can be used to do that, but a mix of trades that are long and short delta accomplishes the same thing - except that it employs your money effectively (assuming your trading has positive expectancy, that is :) ) without wasting comms/fees/etc. on hedging.

That's not great as general advice. I know several people who only trade the open - and that includes the most successful equities trader I know. Most of his trades only run a few seconds. Yeah, that's pretty specific to you. It's worth thinking about, because it might work for some people -...

So... setting stops, defined-risk options trades, position sizing, scaling in, flattening portfolio delta... those aren't ways to reduce risk? And hedging - which is just exposure reduction - is? Interesting statement, there. Given that the chance of 23 losses (or wins) in a row is a slightly...

Yeah, probably 50kt - at sea, you don't usually measure anything in mph, and the marine weather services don't report it that way. That's a reasonable fall/winter gale in the Northeast. Heck, most San Francisco Bay sailors wouldn't think of it as anything unusual - I once watched a couple of...

Nice! I've got it running as my background music at the moment. I'm more about this kind of thing, though:

Eh, maybe one day - after I'm retired. But on the other hand, I can't imagine being retired. :D That's one of the things I learned from my Caribbean cruise: I can only screw off, live a life of leisure, for a month or two max before I get itchy. After that, I have to work - do something that...

I sat out Hurricane Gert in Bermuda the same year that I made that GS crossing - not a particularly bad one, barely reached Cat 1. Heck, I didn't even bother securing my wind generator for it (saw it making 40+ amps at one point, though...) Originally, I wasn't going to stop there at all - I...

Thanks, @Last - very kind of you! I spent seven years cruising under sail, twenty altogether living aboard; it's brought me lots of wild and wooly experiences and a tremendous amount of joy and freedom, and I recall a lot of those moments with crystal clarity. That one definitely left an imprint. :)

It's been a pretty full life so far; I've rarely if ever said "no" when something new, weird, wild, or even crazy-sounding came up. I'm getting older, but I think I have the juice for at least a few more flings at life... been feeling a little stalled, a little cooped-up the last couple of...

They are; the jarred version is more of a pretty present sort of thing. I actually like herring a lot, but more the Russian version than the Euro one. The spice mix in the latter is a bit odd for me.

I don't do much canned fish, but - for sure. There are some amazing varieties out there, especially from northwestern Europe. Latvia has the best smoked sprats ever... (NO, I don't mean lutefisk or surstromming. Those are just... perversions. Same source as the seriously-bent German porn, I'd...

Dayyyyym. And you were mean enough to include charts, too. :D That's what I call a Grand Slam-Dunk.

There's a reason for all the insane jealousy.

The difference is one dollar, you intellectual equivalent of used toilet paper. Your self-aggrandizing claims of "i BIn iN trAdInK DEsk 25 yERZ, i NO oPsHuNz en fuChAz!" ring a little hollow when you can't even figure out the result of 2 - 1... The next time your owner opens a can of cat food...

I understand, of course - having a friend is such an alien experience to a piece of trash like you that you have to come up with imaginary scenarios around how it could work. Hate to tell you, but you'd have to become human to actually understand what having friends is like, and that's just not...

Gosh, it's too bad no one bet me; I'd be collecting that sweet cash about now. I knew your psychopathic fixation on me wouldn't go away that easily. So the fact that you and other loudmouths like you exist is supposed to be evidence of... something. Go ahead and mumble out what that's supposed...

Dead nuts on! My max length of permitted stay in Bermuda was expiring, so I had to leave - and it was late November. I had been thinking about the Azores and then Europe, but some personal factors hadn't worked out, so I needed to head back to the States (wish it hadn't turned out that way...

Might be a bit cold and dense due to that iceberg order, but - probably...

Oh, hell - I thought this would be straight up my alley. :) I got hit by a rogue wave back in the winter of 1999, about 100 miles east of Cape Fear - fortunately only a 2x one, or I probably wouldn't be here - so this perked my interest. "Shed new light" is a bit overstated. "Wave dynamics are...

Since you've spent your life eating it, and were enough of an idiot to start such a trivial, meaningless thing, I'll agree with that last point. Goodbye.