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Spend as much time learning as possible. You should know all of the key drivers of all of the asset classes you trade, what the market structure looks like, and the decision-making process of actors. I'm not very old (early 30s) and have traded professionally since my mid-20s. But I know the...

RenTech soaks up arbitrage (the $20 bill laying around) and is able to compound this aggressively using leverage. Using a multi-strategy approach to arbitrage, the firm has room to 1) invest across a variety of different opportunities and 2) find new ones. What a lot of people (especially day...

Vince, stocks with higher levels of volatility have options that are "richer" (more expensive). You probably should look at stocks that currently have very low levels of volatility, and pick up otm straddles on the "cheap".

The amount of time you spend on research really depends upon your time horizon and investment strategies. As a professional trader (worked on buy & sell side), I have seen the whole gamut. Traders at banks who take risk are typically in the office 1-2 hours pre market and make sure they are...

Price action is a lagging indicator. If you are trading based upon price action, you have already missed the move. In the fast-paced nature of FX markets, you are too late. Instead, understand the drivers of currencies, and then you can glance at a price chart to see where the currency has...

The IV of an option is the "spread" -- higher spread is driven by liquidity premia and uncertainty around the future. So higher/lower IV represents high/low liquidity + high/low uncertainty. If a company reports earnings in the next month, and the option contract expires after the earnings...

The data is random to obfuscate complexity. If you want to trade a security, you need to understand why other market actors trade it.

Actually, it's the opposite.

I run a l/s strategy, would love to share ideas. Ping me with deets. Are you on bbg?

Georgia election is closer than expected, raising the prospect of the Trump Tax Cuts to be pulled (meaning corp tax rate is higher, which means earnings estimates would need to be revised lower for the higher tax rate, which means a reduction in earnings, which means the price today should fall).

sec.gov just search EDGAR for the company and skim to the filing. For cursory analysis, IB TWS uses Reuters data in the fundamentals explorer app.

Central bank policy in the context of fiscal policy/economic situation/relative performance will help you understand the trend in the mid-term. In the short run, funding decisions by corps, gov't, and such (e.g. balance of payments) moves the market. "Spot check" on a chart, but 99% of your...

No. This is tea-leaf stuff.

By definition, a naked call is unhedged. So no you cannot limit the loss. Any attempt to limit the loss no longer makes it "naked"...

I agree that the negative externalities made it feel like a general ban on gold and was challenging and unfair to investors who begun to hoard gold in the aftermath of the Great Depression. This is why most countries do not tie their currency to a commodity (and those that try to maintain some...

This thesis is the one I’m countering. BTC is not a threat to the dollar as a reserve currency. BTC is more like a commodity or a collectible than a currency.

You do realize that the entire purpose of that was so that FDR could use expansionary fiscal policy to stimulus the economy, right? In those days, the treasury had to hold a ratio of gold for every $1 printed, and since people began to redeem their dollars for gold, it reduced the amount of gold...

I'm sure you are aware that this applied to redeemable gold, such as bullion or certificates held with banks. That's not a ban on gold. I assume you also know that the USD is not tied to BTC held by the Fed or Treasury lol. :rolleyes:

The gov didn’t ban gold lol— you need to review your history. Why would the government ban BTC and not the Euro or GBP lol? By your logic those would have been the first to go.

Most fund managers have a significant part of their wealth tied up in their fund. Usually the seed stage is 100% fund managers assets, after which they can start raising capital from friends & family, and finally, from institutional investors. What you should understand is that the once you...