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ok, thanks for the input, food for thought, definitely . . . i'm really nervous about this condor thing, quite frankly . . . Mark, while we are on this topic, I have studied the discussion of iron condors on you blog: blog.mdwoptions.com/options_for_rookies/strategies_iron_condor And...

check out this thread: www.elitetrader.com/vb/showthread.php?s=&threadid=164791 there a randomized backtest on the dow e-mini showed a pretty good result (but using a larger holding period for a trade, 10 days max, and a larger profit target), but that was without stops so not really tradable

always wrong . .. always . .. very good point! and i'm always right the paradox i can't seem to get around is: why am i losing money all the time? i mean if i'm always right? strange, very strange ... but, in any event, the market is always wrong, absolutely!

:D “The verdict serves as a serious reminder that we have zero tolerance for any conduct that is not in the best interests of our clients, period,” Bernard Dan, the brokerage’s chief executive, said in a memo to staff. :D i thought the verdict served as a serious reminder of the...

powerful stuff :D

wrong. if you you think the events are mutually exclusive (vs independent), i.e., only one leg could be hit during the period, you should add them up. your probability of at least one leg being in the money is then 30%. see the hoadley tool http://www.hoadley.net/options/barrierprobs.aspx...

hi. sorry about this simplistic thought, but here goes: when i buy an iron condor, isn't the cumulative probability of being in the money on at least one spread quite high? i mean as opposed to doing only one spread i mean, using hoadley's probability calculator, you can see that it may be...

i think what they're saying is there are two scenarios you can look at: 1) one day XOM rises 10%, for example, but the peer group, XLE, the energy index, rises only 1%. you could take a view, based on various tests, that the price difference has gone out of proportion, and will later...

bird watching in lion country, dirk tu toit

you may want to look at it in more detail, before incorporating anything . . . this professional securities stuff is licensed and regulated . . . so it would be a company subject to a special regime, probably, depending on what exactly you want . . . do your due diligence in advnace :D...

raptor global funds . .. what a name! . . . this should've alerted investors from the outset . . trying to sound sharp, insightful, dangerous . . very cheap

a couple of further points. i've re-read the thread and the information looks credible. several follow up points and then i leave the thread forever: 1) again, the gmat score is very high. b-schools do like that a lot, despite what they may be saying (it's not important, it's not key, etc)...

if true, that alone could do it my friends who spetialize in the aplied mathematic got that sorts of the score. in any event good luck. gmat does not have to be stellar, like applied mathematic, it can be the average, and then suplements by the personal statemnt, you showing determination...

i agree, they seek pleasure in punishment. that's why they're looking for it, even if subconsciously this means they must find a way to establish a stable association between a winning trade and punishment (pleasure) Varima

what do you mean mba? what do you mean harvard? are you saying you want to leave us elitetraders here behind, just like that?!!! you can't do that!! we have real-life, no nonsense, paper trading experience here . . . we have war stories . . .

i think that's probably not enough leverage. i would aim towards something like 80:1 lehman brothers was, what, 25:1? that's what's ruined them, insufficient leverage Varima

some traders might find it hard to believe, but i was profitable from day one of my live trading. i still am BUT i had a psychological problem. in psychology it's known as the "profitable trader's inverse guilt-based inferiority complex." it's a complicated phenomenon, but, in a nutshell...

well, if you take, say, GLD vs GDX, the gold producers etf, gld is a pure play on the price of gold. and GDX is a play on the prospects of the gold mining industry. the price of gold may be going up, but GDX price may be fluctuating around the gold trend, based on market perception...

some thoughts from a quant trader on the advantages of mean-reversion strategies vs momentum. don't know about doubling the position, though, sounds too risky. epchan.blogspot.com/2007/08/perils-of-momentum-strategies.html " . . . when more and more traders decide to adopt...

sounds like you know what you're doing, which is a good starting point! :) 1) see my reply in the thread: www.elitetrader.com/vb/showthread.php?s=&threadid=165392&perpage=6&pagenumber=1 that thread has a 'this can't be done' bias, but there's some useful stuff to look at anyway 2)...