Search results

IMO a trip to NY isn't complete without stepping into a good steakhouse. Sparks was mentioned which is good, and there's also Ben & Jack's (like Peter Luger's), and the Old Homestead.

Kind of a misleading thread title given she's only asking for his resignation from the NY Fed and not JPM. "Democratic U.S. Senate candidate Elizabeth Warren has called on J.P. Morgan Chase CEO Jamie Dimon to resign his position with the New York Federal Reserve Bank"

You might be right, but Brandt typically references ~10 patterns that shouldn't be exclusive of shorter timeframes (according to his factor plan). Certainly possible they're more valid on the longer timeframe as Quon mentions.

Mav - thanks for sharing. Very interesting and the points about risk management and overleveraging (imo simply the only fatal mistake a trader can make) are very valuable. That said, I'd like to play devil's advocate for a bit. What I also found interesting was his interest in moving from...

...as a whole, the game is neg exp...says nothing about an individual player's exp.:) No player has an edge over the house (rake).

...I'm not a pro, but the stdev of returns will be lower for limit and at the end of the day they are both neg expectancy (assuming a casino rake).

(anyone know why the picture doesn't show directly in the post?) This was probably my favorite. '99 Impreza had over 500whp - real fun to drive. Also had an '01 Impreza, an '02 from Japan, a '96 Legacy...and a 91 Jetta I got for free:D ...haven't owned a car in years and miss it.

Correct me if I'm wrong, but didn't the journal start after a 60% drawdown?

Yea, VALIS - I thought everyone had one of these:p

VIX? IMO, a useful comparison would be against how buy/hold (or random long, short, out portfolio) over the same time period fared. That said, regardless of risk/return, 60% vol seems high to me. Good to see it's paid off with live results though.

Agreed about your take on their construction and imo it's worse than useless - it's misleading.

Coincidentally, that was also facebooks fault - I say we get rid of facebook (half kidding):D

...as with most things it's more useful in some markets vs. others imo - you can also look at other prices like vwap.

...no worries, should pick up tomorrow:p

Lol, Tlt, not so hot right now, not so hot - looking like it's got the black lung.

...maybe, feel like too many have fallen victim to that trap, if I had to bet I'd say long tlt/short spy pays well next qrtr.:)

Haha, that's pawsibly the worst joke ever, but ruffly true.:D

Split pot. I'm sure the winners are happy but I still wonder how pissed they are they have to split it - good problem to have I suppose. http://www.usatoday.com/news/nation/story/2012-03-29/megamillions-jackpot/53872762/1

Only if they're really really good ones:p

It's basically just telling you how much return you get for the risk you take - his sharpe of 4 can roughly mean he gets 4 units of return for each unit of risk he takes. Meaning if he's willing to tolerate 10% volatility, he can expect to make 40%.