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Legality can be an issue here. I suggest you look at Matchbook. Not only are the "fees" low compared to the improved lines you can get, but there is also the opportunity of not having to pay any fees at all and actually get a rebate even if it is a very small one. Joe.

As far as I am concerned, you win regardless of the outcome. Good luck. Joe.

Once you have a "set-up" that you have been using consistently and therefore have a decent idea of what your risk/reward is, then half-Kelly is an excellent way to go IMO. Joe.

Can you provide me with an example of an option using your figures so that we can continue this discussion in context? Thanks. Joe.

The point is, with a vertical, there is a real "limit" to your risk, not so if you are naked. Joe.

+1 Joe.

Think gambling. If you play the seven in craps and win, you win $4 dollars for every dollar wagered. That is below fair value because the true odds are that you will win on average once every six throws of the dice. Therefore fair value for playing the seven requires you to be paid $5...

:eek: Joe.

Kelly favors a profitable scenario. In the set-up above, the long is +EV and the short is -EV. Joe.

Trading can be extremely closely related to gambling. I use the same methodology to "trade" live sportsbetting wagers as I do my options trading (I just use different data to make the "wagering" decisions). IMO, one's trading expertise and success can be increased by learning how to "gamble"...

I would be very careful with this "strategy". There are too many similar stories where it seemed so easy to pick-up a few coins here and there until there comes a time when all your gains and more are given back in a short period of time. It seems that this same story/history repeats itself...

dawg colloquial for dog, attested from 1898. Online Etymology Dictionary, © 2001 Douglas Harper Joe. :)

They forgot about the merchandise/cash-back that many credit cards offer. Joe.

What happens to your position if the stock price goes down? Joe.

Maybe I am not understanding the point but for me it is exactly the opposite. When starting out , I actively managed every cent I had, but now over 30 years later, I actively manage only a relatively small % of my net worth. I include in my net worth a paid off residence, CDs and a pension...

Yes, you can sue him and you have a case. I'm just not sure what will be your outcome. Joe.

Back to the subject matter. As for "surprise" earnings, this has worked well for many years. I first came across this in a book titled "The Science of Winning" by Burton Fabricand (a physicist) published in 1979 (was he the first?). The book had two parts, one on horse race wagering and one...

Stop. You really can't be that thick! Let it go! You continue to try to make the purpose of this thread your own but it is talon that set the purpose of this thread. What is it that you don't understand about that? It doesn't matter if you don't like the way he is conducting this thread...

With all due respect bwolinsky, I really do think you are way off base and way out of line. If you read and comprehend talon's first post, most of your posts are off topic for this thread. Unfortunately it also disappoints me that talon chose to respond to you in the manner that he has...

Yes, I actually hire personnel, those with degrees and those without. My point was not about the credit score but a job at McDonald's. I try to match the applicant with the job. Assuming the job at McDonald's was a regular line position and not management, I would be very reluctant to hire...