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Anyone with a last name for a first name, and a first name for a last name, is up to no good.

A) As to carrying cost: 1) next to platinum gold probably has the highest $value/volume of any commodity. You can store millions worth in a small safe. Obviously there's risk of an "italian job" but there's also risk your house will burn down. 2) Couldn't you swap it or trade it foward if the...

Odds are that ends badly, for everyone involved.

a) he's not asking for a mentor, just wants to shadow someone b) 9 times out of 10 someone asking for money to "help out" a new trader is screwing him/her c) as to the track record: two accounts, two opposing strategies, odds are you've got one solid track record to show the credulous...

Never hurts to ask. Unfortunately, the successful ones generally don't want to be bothered, while everyone else will be more than happy to show you how little they know. btw, if they ask for money run like hell...

Any more info? What happend over those 3yrs; returns, drawdowns etc? What was the most you were trading with?What markets did you trade? Did you go to school, where ?(not relevant to trading but may help on your CV) Do you have any other relevant work experience? To be honest, it's...

Thanks for clearing that up, you were sounding pro-AIDs there for a minute.

Here's the order you should follow for investment/trading advice: monkeys throwing darts at the WSJ > internet gurus > CNBC gurus > infomercial gurus > finance/econ PHDs And it's still a little insulting to the monkeys.

As a general rule I discount academic papers discussing trading/investing strategies. A lot of things look great on paper or in hindsight, it's quite different in a dynamic/fluid situation where you have to deal with all the real-world issues of spreads, fees, slippage, liquidity, errors...

Over the last decade Total Return has outperformed the benchmark by like 2000bp.

Only thing that matters is what the clearing acct/statement says. Consider yourself lucky, this time.

Right now forecast is for borderline Cat-1 with 80-100 mph gusts for nyc metro area. If it tracks over NYC/Western LI they're saying it will push water from the LI sound and the atlantic into the harbor, so that could be a problem, especially if its high-tide. That track would also mean the...

I think you learned a valuable lesson about option opens and stops

Anything simple is gonna have the same problem. Deep ITM calls will give you more delta relative to vega but you're better off just going long the underlying when volatility is high, if you're not willing to spread. (The further ITM you go the more you are replicating a straight long position...

Not sure there's anyway around that. Either 1) you do massive fiscal stimulus in the hopes you can increase growth faster than total debt, 2) you do more monetary stimulus to inflate away the debt faster than you inflate non-discretionary consumer goods - wages, real-estate, and financial asset...

http://en.wikipedia.org/wiki/Implied_volatility short answer: it's the expected level of volatility of the underlying being priced into a particular option as an annual %, based on current market prices/conditions

It depends on who you cut taxes on and how. Marginal propensity to consume, marginal propensity to invest and all that. Cutting taxes on the upper brackets and cash-rich corporations will do little to stimulate investment if the demand isn't there. The demand won't be there until the debt...

I'm @ 7.99 in a low volume but decent sized 401k. If I traded more actively in there, or pestered them more, I think they'd knock it down further, just not as low as my higher-volume futures/options account which is 1.40-2.40 per side, per lot - so I don't even bother. Best bet is to simply...

And MM rates are basically 0 now with no prospect of rising anytime soon so this is pretty much irrelevant to OPs decision. I think I received 70 cents in interest on a 6-figure cash balance last month. Gotta love QE.

Just felt it on long island, thought it was vertigo or something - a first for me. Apparently the market didn't like.