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Interesting stuff here, thanks for the info and replies.

Lol @ "the proper dumb money". So there are structured products that insurers will buy to hedge the structured products that they sell? I would've thought they do that in house.

Thanks for the info! This is a fascinating little gem: "As a result of such rebalancing, the index may not include any ETFs and may allocate its entire exposure to the money market position, the return on which will always be less than the sum of the return on 3-month USD LIBOR plus 0.65% per...

If you have a 58% losing trade percentage, the likelihood of you having 14 losers in a row is significantly higher than having 14 winners in a row, just saying. Remember the stats, it'll help you to stay grounded. Cheers.

There's a lot of factors that go into earnings though, a big one being that typically (always?), the larger the operational size and/or market cap of the company in question, the more management attempt and/or succeed at managing their earnings in order to consistently beat the estimates. There...

Wow, a different era I guess. Could you tell me more about these bank issued structured notes? I thought structured products (besides annuities) were no longer in existence?

Well yeah, especially when the winning prize is only like 50% of the total ticket sales:D

That's pretty much what i figured...just trying to pretty much hit more than one big winner against the odds within a low enough number of transactions, though that could very likely take a long enough time period/number of transactions to reduce the IRR to like 2% annually anyway. I used to...

Had a random thought about a portfolio allocation setup. Say you have $100 in fixed income (we'll just say govt bonds) that pays you 5% per year in interest, $5. You use the interest payments only for pure risk trades with high payoffs, taking large relative risks to the $5 allocation on trades...

Merc trader was never anything more than a decently written newsletter. Fake traders.

I know you're being glib here, but your point is pretty much spot on. The problem with those kids is that they're typically alone in the worls for all intents and purposes, and quite a few of them literally do not understand that there are other things out there. I didn't grow up in the hood or...

Becoming a better traitor is very important, just be careful on social media.

In regards to efficient marketing, no marketing is efficient. Your options aside from referrals and networking are pretty much: mailers, cold call, or seminars (putting on a presentation for a group). They all work, but none of them work "well". If you do mailers you'll get approximately one...

I qualified them myself, making an initial cold call for introduction and then following up to pitch for either a meeting or to open an account if they were interested in something. Not trying to be a d*ick but if you've ever cold called, you'll know that the reason that you only stand a chance...

I've been making a conscious effort to try and judge people less, I have a bad habit of that. You'll have to forgive my naivete :D

Why not both? I do feel bad for the uneducated people who get suckered in by charlatans, at some level it's as simple as they don't understand it and someone presents themself as reputable or an expert with no intention other than to swindle them. But this is straight out of a facetious...

https://www.cnbc.com/2018/08/20/after-the-bitcoin-boom-hard-lessons-for-cryptocurrency-investors.html Have at it ET, lol.

Can I ask how much leverage you used in the gauntlet and plan to use now (if different)?

Interesting. If the momo stocks are irrationally priced then they'd need some kind of event or reason to change and became rationally priced. Trying to have a sane response to insanity is itself insane, even if you're factually "correct".

He's been shorting NFLX and TSLA, probably some other irrational stocks too. You want to short those things so bad but...the price is still going up. Keynes won again, market can stay irrational longer than Einhorn can stay solvent!