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Item 1 (business) and 7 (MD&A) to learn about the company, its operating segments, and "what happened" y-o-y or q-o-q. Great way to also learn about margins and cost management. Next, I'd examine the income statement in order to understand the trends in revenue growth, EBIT/EBITDA growth, and...

Welcome, Bomp! Sounds like you have some great experience and are already seeing some results. Where are you doing most of your idea generation?

Why would they care to do that? There are individual companies alone worth more than the entire market cap of BTC...

You really want to reduce drawdowns, which is more of a portfolio issue than a single security issue. On a single security you may have a point at which you are "wrong" and exit. If you do not do this then you'll never improve your trading skill. To manage drawdowns, reduce exposure across the...

The important lesson you should derive from your experience is that as a retail investor, you cannot trade like the casino-- just like you cannot play cards or gamble like the casino at the casino. In order to "trade" like the casino, you need to be a casino, and in markets that means you need...

Yep, her and Jeff met at DE Shaw if I recall correctly.

Stack exchange is great. There are a few smarties like @stochastix @Same Lazy Element and a plethora of others who also apply theory to the real world.

There's a difference between research tools, order management, execution management, portfolio monitoring. What to look for: - Research: need data, analysis tools, and news from reputable sources. Data should include macro, fundamentals, and general market statistics. - Order management: need...

Real rates are expected to rise, which is not great for gold. If the price of gold is going to remain +/- 10%, then you can plug in those ranges into a unit economics model to forecast revenue across these firms. Apply your margins and you’ll arrive at an EPS number. Multiply by forward PE...

From what I understand, you want to hedge that which you do not have a view in. If you have a view, use a model to arrive at a price (use an option pricer to evaluate when to exit). Hold to that price. If it moves against you, think probabilistically. At the current level of volatility what's...

ET I appreciate your enthusiasm for your cause, but conservative socialism and liberal socialism are both unappealing to the other side. Conservative socialism is not any freer or truer than liberal socialism -- and in its current form is far worse IMO.

Displayed liquidity at lit exchanges within 1-2% of last price has declined since decimalization and maker-taker. This is partially due to HFT scalpers, which use market fragmentation to generate signals of larger orders (and is why so much institutional trading is dark). This enables "demand...

The retail notion of a market maker and how they make money is really just wrong. Market makers in a stock aren’t really trading against you per se. If you have a block order (10k+ Shares), you’ll typically reach out to a broker that is the MM on that stock to get a competitive bid. Other than...

Who are you, Urban VIII?

illiquidity explains the spread. The price of a security should be equal to the sum of all future cash flows discounted back to present value. Gaps between expected value and current price can be explained by things like: liquidity premium and other factors. For OTC stock, this liquidity premia...

Really surprised that you're even arguing here when it seems that you're not very familiar with the subject material. If you did a cursory look at those pegged currencies you'd notice that they are dominated by commodity exporters where the commodity is primarily priced in USD. In China's...

Pegged currencies are doomed to fail. GBP is efficient now that it is free from any ERM or gold constraint.

Currencies were pegged to a commodity price in those days.

Uh, you're looking at the wrong data. QE refers to expansionary monetary policy near zero interest rates (where the Fed can't impact activity through raising/lowering FFR). Supply and demand shocks drive trends in growth, and to counter a trend, policy makers need to make a huge, concerted...

The problem with MMT is not in its axiom, it's in its interpretation of market reaction. Any model that does not incorporate infallibility is going to fail. The real world is not too far from MMT for sovereign issuers, FYI.