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It makes you compulsive, nothing else. Mindless effort is mindless (tautology). Everyone here thought they were the shit at 18. The fact is that you could be handed the greatest edge in the World and you would fuck it up, guaranteed. You don't have the maturity not to. I don't think for a...

I'll tell you my story that will save you a lot of time. I'll give you the benefit of the doubt that you're not a 40yo that is trolling the forums. I started trading in my late teens. My dad was a retail, supply-chain exec who started trading on the floor of the cboe trading the stock...

A B.Sc. isn't going to do anything to get you a trading gig. Get a degree in math or engineering (programming). Apply to unimelb. You're not going to achieve a portfolio large enough to appeal to any institutional money. Just trade and have audits done when you're in the mid six-figures. And...

gay-code?

You're obviously overqualified to work in investment banking, but send a quick note (including your original post) to l.blankfein@gs.com as I am certain they are looking for new directors and partners.

Hi Vince. May I ask why we don't see time stamps and only your hindsight bullshit?

Paid 8.30 risk (8.06 mid) for the AMZN fly. Large(ish) at 5% of net liq. Quoting calls.

http://www.youtube.com/watch?v=kTotA1JBmGo

Replace "deflation" with "losses" and "inflation" with "profits" and you're correct. "No more bailouts" when >$1T per year is being used for expressly that purpose.

Look at the "unnetted" losses from CDS vs. the notional dollars lost in MBS as a whole. I don't have the figures but the Fed has already spent $2T buying MBS from our beloved banks. Other than AIG's 200B and the "Axis of Evil" (GS, MS, BAC) losing like twenty yards. It's what, 20x CDS losses...

Single family housing should never have become a profit-center. Conceptually it's retarded. You take housing out of the equation and no crash, no bailout and no second bailout (QE). All of our problems were/are related to the securitization and leveraging of the products related to dwellings...

Hitting 12.90 mid already. Up 6% from entry.

It all comes back to securitization of the MBS market (the fire) and the Greenspan and Bernanke 0-rate policy (the gasoline). Do you think that AIG was using the copula when they went one-way with every CDS transaction? There was no netting problem as AIG never bought a CDS. My Buffett comment...

Buffett initially refused, out of shock, disbelief, whatever, to book the $5.2B MTM loss on the Euro-style puts he sold at 1500 SPX. He rode those all the way down to 900 SPX. Imagine if you weren't Buffett and therefore constrained by exchange MTM and you shorted those puts in 2007...

Yeah, mom always said I was a genius!

I am confused as well. You're active as f*ck on this thread but you never post a fill, only criticisms like "ES is a back and fill mkt". Why don't you lurk and leave the comments to guys that trade this stuff.

Long the VXX Oct4 12/14/16 fly. Quoting the call but best to work the iron. It's 0.89 mid and 0.93 traded and is easily achievable in risk. Marked to 0.93 calls. Risking 3%.

I am already in similar, so I won't trade it here (but will mark PNL). Long the GOOG Oct4 865/895/925 fly from 12.10 (12 mid) in puts, calls, irons. Worth 15 in a week. Will update. Risking 5%.

Nice bro, thanks.

Subbed and GL.