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    I have a system, now what

    to the original poster....FWIW As you are in the EU (UK) just be aware that there are now also a lot more regulations required when setting up a fund, marketing and compliance now days. (look up AIFMD) There are exemptions for smaller funds, however in order to raise capital and market to...
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    Science versus the gut

    Personally - trust the gut after plenty of experience.....then try and quantify that. Dealing with people.... After dealing with a lot of people when someone is trying to sell you something but it just does not feel right. Trust your gut. Then maybe afterwards you will be able to quantify why...
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    Science versus the gut

    You might also wish to check out.... http://www.amazon.com/Risk-Savvy-Make-Good-Decisions/dp/0670025658 This one is an OK read and focuses mainly on the miss representation of stats and how many dont understand them....particulalr interesting regards the health care industry. He has a few...
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    Random

    Prague, Amsterdam, London....soon Sicily ............ AIFMD --- July 22nd Deadline (what joy)
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    costless collars

    if the calls really are cheap compared to the puts then replicate them synthetically.....or you will find they are not really that cheap compared to the puts, and the bid ask spread skew is just enough because of supply and demand to make the trade not worth doing, at this point in time. Just...
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    THE Super Ultra Wealthy Man can see the future, he sees horror ahead

    given this from post #31...... 1947 US created a shadow government to deal with secret stuff of Extra-Terrestrials on planet Earth. Worrying about the FED is the least of your worries. If history has taught us one thing - and who can believe it anyways - that while collapses do...
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    Open Interest and Option Availability

    As a suggestion liquidity probably has more to do with other things such as ... such as where the strike is (ATM, ITM, OTM) than open interest, what is happening in the underlying at the point of time of the trade who holds the OI -- is it concentrated in a few hands, spread or what surrounds...
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    cnbc is stunned

    I had to laugh......and adding to the lingo.... when you thought he was going out to "smoke" were you thinking.... a) Gangster talk - he is going to kill someone. b) Gay talk - blow someone c) Normal talk - smoke a cigarette d) Cannibal talk - and smoke someone for eating later e)...
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    IB Exposure Fee

    Time to leave IB if that is true :) - I had first hand experience with MFG :(
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    Random

    Randum Randyum Randdom
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    Successful traders: why don't you move to a 0% capital gains tax country?

    there are plenty who do -- usually with OPM :) and taxes are the least of your worries.
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    Can trading options be considered investing?

    Trading options is about risk transference. If you wish to have broad or narrow definitions of investing, trading, speculating etc thats up to you. If you then wish to add the additional definitions around the organisations or lack of them (eg; casino, dealer, no dealer) with options then...
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    Paranoid about selling Options?

    do a simple stress test.... Most likely event if you have multiple positions on, even if they are 'hedged'. Move prices down by 5-10-15-20-25-35% and mark volatility up. If that blows your account there is your answer. Forget about the 1,2,3,95 standard deviation BS, because it will be...
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    Banks overcharging clients on FX/ currency probe

    same reason for why many folks cant be bothered to managed their own money, or why they pay accountants to do a lot of the work they could easily do, why do people stay with bank accounts that pay no interest and charge fees when there are alternatives. etc etc It boils down to either couldnt...
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    Random

    male shirts wash and iron 2.25 euro female shirts wash and iron 3.25 eruo why the difference? Because male shirts are quicker and easier and can be done over an automatic mannequin whereas female shirts have to be done by hand. alternatively - if it was not priced this way men would...
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    AAPL raped by hft market makers today thwarting option holders

    how do you know who is buying and selling? in this instance you seem to insist that the 'client' bought and the 'MM' sold. does this occur if a client sells to the MM? how can you tell who is on each side of the deal? you are also assuming that the trades of the options and the stocks are...
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    Former Goldman trader upset at $8.25m bonus

    agree.... if he worked at GS and 'helped' make the money 'and expected' to get the same as before, and sure he may have been stiffed by the 'discretionary bonus' system but hey - if he had not worked out that there is politics involved, someone needs to be a scapegoat and that he ended up on...
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    RISK and how we deal with it.

    Trying to avoid the philosophical .... When it comes to trading I think it is only hindsight that will give you a true level of certainty....the rest is perceived of course, and why I think its generally a best guess. But keeping with the trading example of buying something for zero.....it was...
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    Random

    its because it will be in the past and hindsight always looks the most simple and accurate. On a random note.... biking past a farm this morning brought back childhood memories of the sweet smell of manure.
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    RISK and how we deal with it.

    I agree risks are not dependent on uncertainty, and we agree they are mutually exclusive......where we differ is probably in the time frame of the discussion. Pre any event there is always potential and the scale is somehere between 0-100 of uncertainty v certainty only post can we have 100%...
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