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"At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul."

It makes sense in its own twisted way, to be a citizen of the United States you have to be the citizen of a state (or territory), its in the name after all. A lot of citizenie things are based on your state like voting, drivers licence... Since you have to be a citizen of some state, and you...

There isn't a cut and dry answer on this. It varies by state and the rules for if you are even a state resident vary by state. I'd call the secretary of state for the last state you lived in before you moved overseas, they usually claim you as a resident and can answer both questions for you: 1...

Wow. “He pretty much drove straight into the wall,” Balderrama said. “The information out there at the scene is that he went left of center, went through a grassy area right before colliding into the embankment. There was plenty of opportunity for him to correct and get back on the roadway and...

Highly illegal under the Sherman Antitrust Act to collude on bidding, or perform any territory assignment. It would be equally illegal if Pepsi entered into an agreement with Coke that they wouldn't sell in GA in exchange for Coke not selling in NY, for example. Also breaks the anti-collusion...

This isn't a "how to trade" course, it's not meant to be a tutorial. If you want to understand a subject like this you have to learn some base theory with no immediate practical application. That's kind of the basis for almost every advanced field in the world, you don't just skip the anatomy...

I agree, we’re heading for a collapse sometime in the same way that all of us are dying. I don’t go around in a fuge state about either though. The topline number of national debt is meaningless, by that logic I’m drifting further and further into the abyss because I’ve kept buying more and...

Because you can't trade 5 minute expirations on any other regulated exchange in the U.S. It's once a week at best. You're right about the notional and they certainly leave a lot to be desired, but they do have market makers that quote a continuous market that's at least in the tens of thousands...

Those returns are a big red flag that you're taking on more risk than you think. Funders don't want huge returns, they want alpha or above average risk adjusted returns. They would be much happier to invest in something with a 7% return, beta of .1, and max drawdown of 5% that also shows those...

That is something they have to worry about, and it does appear that they suffer a little tracking error on days with big moves probably for exactly the reason you explained.

Which says that if the ETF holds swaps there is a counterparty risk in the swap, just like if you or I entered into a swap. Obviously an ETF will be exposed to any counterparty risk of the underlying they hold, but its not inherent to the ETF structure itself like it is with ETNs. It's a...

A couple of bits of misinformation here. First, ETNs expose you to the credit risk of the issuer, ETFs do not. Second, it is mainly the 2x, 3x, and leveraged ETFs and ETNs the rebalance daily. SPY does not, for example, nor does VXX although internally it's rolling the ratio of the first and...

My wording was perhaps a bit sloppy. Many don't realize that a 3X ETF or ETN returns 3X the daily movement of the index it tracks, which can lead to unexpected results if the investment is held over time. It sounds like you do understand that, though. In general I was referring to a common...

I show $34.7B for the market cap? Anyway market cap is just the number of shares outstanding times the price per share. It's possible to have debt significantly in excess of market cap. A lot of PE shops actually work on that model, they buy a company, lever it up, take the cash out, then cut it...

2X and 3X funds don't decay. They rebalance daily. There's a big difference, in fact they're completely different. I'd humbly suggest that you're setting yourself up to potentially suffer a big loss on a hedged position you thought couldn't lose if you don't first understand that. I'd look at...

Probably, I guess I'm opening myself up to prosecution for spoofing! My interest is more academic on this, i.e. I only place orders that I want filled at the time I place them, I just always thought the market should/might respond to my price signal and it generally just steadfastly ignores me...

And the financial experts are telling you that you're simply naive about what you think you can accomplish. You've gotten a lot of great, realistic feedback here about the financial side of what you want to do, something you admit you know nothing about. In my humble opinion you're disregarding...

Why not either trade spreads on either side of the ATM strike or Nadex binaries, which are basically the same thing. For example, security is currently at $100. You can predict it will move 2% but not which direction. You buy a 98/99 and 101/102 spread so you make money if it falls in either...

I've never been able to trade on it, but why not give it a try? Just short the overpriced put/call, buy the underpriced, and enter into a long/short on the underlying and you lock in the difference between the put and the call. If it doesn't work let us know, and if it works we understandably...

Point made then, that explains your comments up to now. As a public service announcement I'll give a quick summary of what put call parity is. Assume you had a stock at $100, the put was selling for $2 and the call for $1. Because the stock can go down faster than it can go up, or people want...