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remember FREE THE SPX!?

The ronin vol guys had to fully shut down their book to get paid?

How would a guy in my example get paid when he's constantly moving his risk around?

I worked for a bank - and there was no real concept of realized pnl. If you were running a vol book, you were always buying and selling options to maintain a certain risk profile. Only when you left the firm would your book pnl be fully realized.

DEATH PANELS!

How do they account for the fact that you will constantly have realized and unrealized pnl as you are recycle risk? I was always paid on year end pnl regardless of what was realized or unrealized.

Typically paid (and fired) on marked to market.

Russia First.

CTA's aren't an asset class. Don't confuse asset classes (types of investment vechicles) with strategies (a method to allocate capital among asset classes).

They are all correlated when you least want them to be.

The people you listed probably would have succeeded regardless of what major they studied in college.

Don't think of it as 500/month. You can't do much with that. Think about 6,000/year. If you lose 6,000 in the first month, you are done for the next 11 months. But now you have some risk capital to work with.

As if people won't stay in the casino because of this.

He was a popular citation in highschool debate. I remember someone telling me this story then. But "kids" vs "kid" makes sense as it reinforces his beliefs about overpopulation. I haven't followed him since then so I don't know if he recanted or not. from what you are writing, it sounds like...

Erhlich is (was?) a fucking weirdo. He wouldn't let his kids watch movies with families with more than two kids who were happy.

For me it's : homeless. That is all.

I don’t feel sorry for a retail trader who loses his own money. He chose to play the game.

I was thinking about the movie "Gung Ho" this evening when I was contemplating starting a mandatory calisthenics program at the factory.

What is the other business?

Like mayor Bloomberg would take the subway.