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As were the Madoff investors who were convinced he traded split strike conversions.

You keep insinuating like there is some sort of trading wisdom this Karen knows that we don't. Let me save you some pain: there is no secret-sauce in short vol. You can't "manage" leveraged short vol positions in Oct 2008 or Oct 1997 or Oct 1929. There is no way to "work your way out". You...

Remember every option position can be replicated by being/long short delta-adjusted quantities of the underlying. Whoever bought the puts from the seller (the other side of the trade) can hedge themselves by being long the underlying. Depending on the exact path of movement of the underlying to...

I heard the same crap 30 years ago. * "Today's youth is so lazy" * "Today's youth has the worst education ever" * "They don't teach them manners anymore" * "They have no future" It's always the same song.

Don't blame lawyers, they're only one part of the equation. Any US court should dismiss non-sense cases like these without even giving them a day in court. If US courts were more disciplined in throwing out bogus cases then greedy lawyers would stop taking them, because their incentive for...

I wouldn't call something with zero intrinsic value, no coupon payments and no collateral backing for the return of principal an investment. You're speculating, not investing. A minor, but important difference.

Selling volatility is like selling drugs. It's easy money while the going is good and it's so damn hard to quit when the money just keeps rolling in.

Where's the price of Silver now compared to where it was when you were pumping it 2-3 years ago claiming it will go to $150?

http://www.wendys.com/en-us/careers

For good reason. You scum have been exposed for pumping silver and now crypto coins to people as "sound investments" while refusing to disclose your own positions.

Weren't you that idiot on this forum who was pumping silver when it was $40, running your mouth how it's going to $150 because it should be 1:10 to the price of gold? Seems you haven't learned your lesson.

My advice: Start simple. If you're a beginning, I think Excel is a great way to start. It gives you easy ways to import data and build a quick backtest of a myriad of simple ideas. Once you outgrow Excel and its limitations, get your priorities straight: most beginners believe performance is...

The author needs to get his history right when he says "In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability". The American Dream has never been about belonging to the...

I explained it above: In fact, momentum profits (e.g. on a 12 month time frame, buying the top decile and shorting the bottom decile of all Russell 3000 stocks) can happily coexist with contrarian profits (e.g. buying the 5 day bottom decile and shorting the top 5 day decile of all Russell...

This is the typical ET gospel. You throw around your opinion as if it were fact. The above reflects your experience, it doesn't necessarily apply to all datasets. 3 day low? You know what different timeframes means, yes? Regarding backtests, here is the infamous 85+ year Ken French dataset...

Complete nonsense. You ignore the fact that both mean-reversion and momentum can co-exist on different time-frames.

Correlation does not imply causation. Unless of course you believe elephant herd travel patterns in the Sahel zone predict the direction of stock prices.

Reminds me of the St. Joe (JOE) CEO who said in 2006 they were going to "bury anyone short the stock". That was right at the peak.

There are fancy watches that don't look fancy to the casual observer. IMO dressy, low-key hand-crafted mechanical timepieces will never go out of fashion in the business world. Not in the US nor elsewhere. The pathetic dumbfucks with Vertu phones are the same type that hope wearing a $25k...

If you want to let everybody know you're an insignificant nobody make sure you wear a roset Hublot or Royal Oak AP with your Vertu.