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Boom Nasdaq hit green, quick 0.5% from overnight lows.

Just buy tech on the dips, look at the Nasdaq go! There seems to be an unlimited demand for stocks in the USA, the market is almost up 20%YTD so even if we had a serious pull back it only takes a few months for you to make it back.

Yes I would agree, I was responding to one of the benefits of prop firms is it allows traders the ability to do these types of strategies that are arb based since it provides leverage. People reading these threads should understand the firms exist for a reason but never think they will just...

That is not true at all, and your missing a fundamental point where I could buy the 500 S&P 500 underlying stocks and replicate the index while shorting the futures for a hedge and the basis risk is almost zero. If I did this as 20X and then only had a difference of one name that repeated .5% of...

This is also not accurate, if you have a strategy where you put on 400 individual names equally long short and hedging sector risk holding nothing overnight is less risk than being 2 or 3x leverage holding overnight in concentrated positions.

This isnt entirely accurate, the part about how they wouldn't sell strategies is very true but why they would stay at a prop firm there are many reasons. I worked at a prop firm and saw multiple traders who made 7 figures and stayed. Reasons: - Lower commission agreements due to size of prop...

Damn had enjoyed your comments, hate to see you leave for good :D:D

This bull market will continue for a lot longer, you have central banks printing money to buy stocks and a president that it took 3 minutes after the market open to tweet about how the S&P500 made a new all time high. If politicians and central bankers both want asset price inflation and stocks...

It is amazing though that we are approaching 10 years without a bear market in the USA, you could be mid 30's, 10 years in the market and incredible performance based purely on being biased long and a little leverage or tech. Working at a financial company this does make you question back tests...

One interesting this is the 1yr average return of ~6% is actually less than the historical annualized return of the S&P which means it probably is a bearish sign contrary to the article stating otherwise.

Out of curiosity has any wager like this ever actually happened between people on ET?

The difference though is those countries with high inflation had large amounts of foreign denominated debt. Bridgewater did research finding that countries with locally priced debt was able to much more gradually accumulate the government debt without causing problems similar to venezuela et al...

Honestly, buy stocks, this market is only going up and any sell off will result in Trump caving and instituting policies to push things up or the fed intervening. Aside from a quick 2-3% sell off risk there seems to be nothing that can scare the US market. I think it is important to consider we...

I cant imagine a situation where the USA ever defaults like that, look at Japan the central bank just prints and purchases the entire market. This is by no means a healthy situation but politically the easiest which tends to be what is done.

Looking at the rapid rise in earnings over the last 8 years and rally in stocks I am beginning to question any type of economic cycle. Has there ever been a period of sustained decline in corporate profits? Through this recovery wage growth has been fairly low and margins have expanded but was...

I am also interested if someone could please provide me with information

Mathematics and Statistics for Financial Risk Management (Wiley Finance) by Michael Miller is another great book and has practice questions too if someone is trying the learn. The first few chapters are very basic but a nice foundational book.

Hello all, I am just starting this journal as a means to keep myself on track in terms of studying and hopefully get some discussion going. Posting the books I am reading and the progress. Right now I am going to work through "An Introduction to the Mathematics of Financial Derivatives...

I vote 146, post election rally and due to some rally as a result of fiscal cliff getting resolved. When I say "resolved" I mean kicked down the road a year or two.

Microsoft excel I have found to be the most user friendly way to create your own basic programs. I think a lot of platforms can be accessed using VBA to calculate and activex to trade. I think interactive brokers can, the spreadsheet they provide also has a lot of code you can learn from to do...