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thanks blcdoc. See what I don't understand is that how can something like time decay have a number on it or be measured in the first place. I understand your example but I don't see how a theta of -0.3 can be measured. As time passes and gets closer to expiration, if nothing else changes...

LOL

Making sense to me now. Thank you

I am having trouble understanding the pricing of options. I feel dumb that I have to ask this but I am anyway cause I just don't get it. I trade options from time to time and I understand the way the greeks work and effect prices. I can't tell you anything about the black scholes formula...

speaking of venture capital, I was watching that on bloomberg earlier today and came across this... http://www.secondmarket.com/ has anyone heard of that? Seems like they bridge the gap from private to public which is a process that takes 10 years usually. Don't know much about it but...

Had no idea, checking it out right now. Thanks!

Thanks Morganist, I'm going to have to educate myself on the things you mention and then write up a business plan. Whether or not this actually happens I plan on moving forward even though I have a feeling that eventually I'll understand why you said that companies usually start out as...

So what about all of the crap pump and dump companies like oil exploration? It seems they start up out of thin air and really don't do anything at all except fake people out into buying into it. What if I started the same way. I would have tangible assets, a real skill and real work and...

thanks guys, good advice. I just didn't know how it worked at all and was wondering.

I'm in the steel business, we fabricate and erect steel for buildings and bridges in NY and NJ. I'm just your average blue collar worker. Through the years I've amassed the skills, experience and tools to start my own company... Not nearly enough money though. If I saved for a while I...

I was one of those that didn't really know what I wanted to do. I dropped out of college not only because I just didn't find much interest in anything but I also just couldn't keep my eyes open. I enjoyed working with my hands and got jobs in construction. When I was 25 I got into the nyc...

understood. This is what I am asking.... what are the reasons? If I can trade for myself what would a firm offer me in which I would consider trading for them.

Ok but what happens when he becomes profitable and starts making the firm more money than they pay him? Unless he knows he is taking big risks, why would he not trade for himself and make %100 of the profits? If he doesn't have the ability to trade a certain size he can certainly get there if...

More of a general question. I don't get it, if I had my own trading firm why would I want to take in a trader that probably doesnt trade profitably... if and when he does then why wouldn't he just trade for himself and keep all the money? Doesn't make sense to me.

If you lose money trading then why would a firm want to hire you? If you make money trading then why would you want to work for someone?

What do you eat for dinner if you lose money AND violate your risk mgnt rules?

yo t666 do you stand outside wall st. picketing with signs when your not posting that repetitive bullshit on here? I mean why totally fuck up my thread for dumb shit? ...now I have this gut feeling that says look for the "ignore" button. LOL Anyway I mean intuitive as in kind of like...

why all the bullshit? can't we just have a thoughtful discussion and leave all the childish shit out of this thread?

what happend to my thread!?!

I'm in that learning phase still and sometimes you just have to take a step back and look at the big picture to decide where to go next. See I read into different stuff here and there and I picked up one of those interview style books about quants a while ago... Every chapter is about another...