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and Playboy, from what I remember...

Jesus was able to feed five thousand men with five loaves of bread and two fish, but would you be able to replicate that feat? PS. I have not heard any mention of cis since probably 2015 or so, would be interesting to hear if he's still around

Is that a fact (serious question, I don't know if there is any tangible data going beyond the middle ages)?

Yes, for average and beyond, discretionary and systematic :) I personally run a book that's just shy of 500 and I use python for almost everything (with some vestiges of older languages, Excel. Obviously, the DMA engine is written in C++ but all of the non-RT stuff is in python. In this...

Outside of latency-sensitive stuff (i.e. anything where you're counting mikes becomes c++ territory), most places roll an interpreted language for both production and research. These days it's usually python, but still have legacy code (e.g. myself I have code in perl, R, python and a fair bit...

I obviously picket a higher side of random here ("realistic if not aggressive") since I wanted to show that even for a really strong return compounding your way to financial freedom takes years while as a prop trader you can be taking that amount home first year. Well, alpha decay applies to...

I get it, I get it, but ... the whole point of making a lot of money is so I don't have to get my hands dirty unless I want to

Sorry, you were saying?

Yes. Chess is very well respected. I am still confused why you think 350 in income is the same as 350 in assets. Trust me, it's much better to be getting a thousand dollars a day for 5 years vs just having 350k in the bank :D. Let's break it down: (a) A junior monkey at DRW takes home 350...

NY Post? Seriously, dude?

I am still not sure what exactly OP does or if he's trading IRL. However, there is certainly positive expectation in selling crash puts when crashes are not happening. I'd be reluctant to put all my money in a strategy like that, though.

As a PM/prop trader, you get risk limits set by the management (capital, VaR, drawdown, sometimes things like delta/gamma etc). How you follow them is your own business. As a junior trader your PM will usually get you to use his preferred way of managing risk. First of all, I rather clearly...

Maybe you are talking to the wrong firms? I can think of a number event-driven funds that in HK/SG and love people with equity research or murders & executions background. Well, time to do some remedial mathematics. Let's assume for a second that your personal trading is making 30% ROC and you...

I would say that it's not really true, as I have seen plenty of people come to institutional finance relatively late in life and progress pretty quickly. What really makes a difference if the skill set you are bringing on board is somehow interesting. It could be anything that could be...

They should add perforated condoms to their product line to complete the scheme!

As a professional trader in an institutional setting you'd learn to think about risk in very specific ways. Even simple ideas on how to quantify (or qualify) your risk are not as straight-forward once you start thinking about them deeply enough.

I think most of the time, affinity for poker/bridge/chess is used to find people that like thinking about risk in complex situations. In reality, working in the modern markets utilizes very little of that "gamesmanship", unless you are doing something like global macro (where it's all games).

"Make volatility great again!"

For starters, he has to eat and if you want a reasonable lifestyle it takes money. Certainly more than 60k, if you have kids. Then there is a matter of path dependency - unless he's making money with a Sharpe of 4, he will have down months and even down years. Finally, there is a matter alpha...

and spreading the legs.. PS. I thought you have a machine? If you don't, there are plenty of auto-spreader services out there, you know.