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I believe you do have to be sponsored. Check out the curriculums of various finance undergrad and grad programs. They'll detail the objectives and books required. This will give you a framework for various areas to focus your interest and you'll have a reading list to go along.

Yup, it's about 50% chance it goes up and the other half of the time it goes down.:D ...Andrew Lo did some work on the viability of chart patterns, might be of interest.

Call me old fashioned but I want my sensational crime shows to feel realistic. I think this suffered a similar fate to Breaking Bad. They had to keep expanding the shock factor and by the end of the season the things that happen have grown exponentially worse/shocking compared to how the...

I'm still having VXX symbol issues...in particular historical data via API. Looks like a description problem with how the symbol exchange is tagged.

Bid/Ask quotes are coming in. The last price is stuck to yesterday's close, so anyone using the last price won't show a change.

Sharpe can be misleading. If he is doing 8% annualized with a max peak to trough drawdown of 1.5% that is really good. I have a feeling that's probably a drawdown value from initial balance. Still good, just much different.

...how turn of the century of me, duh.

This doesn't make any sense at all...I thought traders were supposed to max their credit cards to buy stocks, not use their stocks as collateral for credit. Maybe the answer is to max the cards, buy AAPL, and use the IB Card to pay down the CC balance for the interest rate arb.

I know you said you don't know your sharpe and that's fair, just wanted to give you a little perspective. Given a sharpe of .5 and a 50% vol the risk of ruin has to be 100%. A good exercise might be to calculate what the probabilities of a certain drawdown percentage would be at that vol level...

Nah, not necessary for 300x returns, just if you want to make real money like 600x returnz.

In Canada, they're called CF-EHs. ...

Whenever I open a new position the PL goes negative!

"SoFi is a vocal proponent of the potential for online lending to change consumer lending in the U.S. Mike Cagney, founder and chief executive officer, said that his goal is to “kill banks.”"...

So SoFi "disrupts" the banking industry by revolutionizing the underwriting and lending process - in reality they take on riskier loans with more lenient requirements, are defaulting at higher than expected rates....and now want to become a bank! I wonder what their motivation is, oh wait, they...

Breaking news...those who failed to qualify for first round funding will get an additional 40 days to prove themselves.

Agatha is the new latency arb...can you seeee?

Cool, thanks for sharing. Nice to see, instead of the usual ET thread.

Sounds doable, should be no problem!

Isn't the correct answer "42"?

The premium loss is absolute, they definitely paid that and lost it. Whether it's justified is a different question and we cannot say with certainty. It is possible they lost the premium and saw declines in oil revenue. In fact, given the low delta, it's likely to have occurred any year oil...