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Exactly what optstack said. I don't trade "flies" but I also keep in mind my entire portfolio when making any kind of trade. My intent is to increase my capital, not get the best entry price possible. I select my option trades on price versus greeks. Essentially I ask myself, am I willing to...

Good question indeed. Also what is different about IPOs, brokerages selling stocks they own to their clients and several other such activities. Is it just who is sanctioned by having a license to engage in these activities? (Should counter-fiat-ers should make a claim that they are just...

Boy is that true, they mainly catch flies here.

I intentionally left out what a trading genius and what a trading idiot is for further discussion. There has been no obvious set of correlations in my own review of those succeeding and those failing. My rough intention of trading genius is something like knows a moving average, knows risk...

Could you give us a hint as to what levels you are talking about. dbphoenix nailed it IMO -The only scale is making money or losing money. That would separate out 80% plus right there...... I guess we could add a second scale of idiot to genius. That gives us four levels: Is a trading genius...

For me trading is analogous to an ocean. The big guys set their nets, make a big bang, chase the little fish into their nets. Some little fish ( or dolphins) learn from that pattern and eventually become bigger little fish. But the big guys must make waves by how they set their nets to entrap...

An article on Tor: http://arstechnica.com/security/2013/10/nsa-repeatedly-tries-to-unpeel-tor-anonymity-and-spy-on-users-memos-show/ IMO, the most obvious potential source of spyware is the virus protection software itself. I recently asked my supplier if they had ever issued a statement by...

Assuming you are talking about Handle (BTW I would bet with Handle and against most new people on this site), isn't it his maximum capital divided by 2 times the position size on each average downs? It is my understanding that Handle has a limit of doubling down (x times) anyways since he...

Why pass a law when you have a pen: http://www.newsmax.com/Newsfront/Obama-seize-internet-emergency/2012/07/11/id/445083 http://www.whitehouse.gov/the-press-office/2012/07/06/executive-order-assignment-national-security-and-emergency-preparedness- I am not a legal expert but laws (along with...

I completely understand the concern, but the NSA simply can't allow this to happen. Strong encryption is identified as "munitions" and so IMO, it is most likely you would end up branded as a terrorist unless you were an authorized military user. In the 90s, a fellow wrote PGP which had a 1000...

Sorry, but I am really confused here. Isn't patriot a good thing? Are you saying he is good and bad? Aren't all of us? I like your handle BTW. My first thought after the Pimco split was - Is this really Bill Gross? I guess time will tell. Are you just sick of MartinGhoul undermining you?

Yes. That is why I use them at times depending on market conditions and what I am trading for on a given day. LOL - I just want to ensure I am over the pot first!

This comment has some truth and is vital to understanding liquidity and game of options. (I presume he has not read the next sentence.) Perhaps a market order is a stupid idea also. And maybe he filled the same day on the same option at a better price? Or maybe he is the one who paid me that...

Key phrase .... WAS a floor trader .... See my previous story about help desk experts ( and some ET posters). He may be a good meaning fellow but he is just wrong. If I am willing to pay commission, I have a market button and the other side will damn well take the other side no questions asked...

I am not sure about your exact question. When I am trading I don't really check the name for political correctness. If you have sufficient capital, sufficient option ranking (by the broker) and are willing to pay multiple commissions, for sure you can do anything you would like to do. I can...

Off hand, I can think of two direct connections but there are probably many more. One is that meditation ( or any of a number of similar techniques) tone down the banter inside the mind allowing one to perceive more focused and clearly what is going on in the markets. Like anything, flow...

My dealer flat out refused to sell me Win 8 and mentioned a rumor that a Win 9 was being rushed out. I've heard that the prices have dropped in an attempt to get more sales. I'll bet you were a big fan of "Vista" also, which many companies flat out bypassed and chose Win 7. (Checkout the...

Great post. I will contemplate some of the comments in this thread in the future (when I get more time). Thanks for your interesting comments. I really agree with your point concerning different languages. Hedging and arbitrage are completely different concepts in my world. Revert to the...

I see, for me, the term offset means something different. What you describe is hedging activity in my terms. Offset (to me) is more like an arbitrage. For me MM or specialist or "the hammer" are what we are talking about. Not a sell-side analyst or an internal investment house trading floor...

Just for SteveGee ..... ...Lol and behold... Bitcoin is on the ropes with Mt Gox troubles. Next, watch for a law outlawing virtual currencies for protection against Terrorists or moneylaundering or libertarians or some other great reason. That is, if there is no already a...