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Nope the level of work I did in the post wasn’t enough to establish a view

I think they’re still working through the 200 hour prerequisite…

:thumbsup::thumbsup::thumbsup:

I don’t use non-pro analysts because they do not have access to management or the same level of info as sell side analysts.

I don't currently cover TSLA, but my summary view is that the stock is in transition and may benefit from (1) resetting expectations w/ conservative guidance and (2) a stable and improving margin story through remainder of the year. I like the industry because EV CAGR through 2035 looks...

Yeah, that speaks to your conviction. I trade early and aggressively or my edge decays.

Well if you want to buy a stock I assume you think the price will go up right? Why wouldn’t you buy now?

Scaling in implied you go smaller first, right? That’s the way I interpret it. E.g. you want a 2% allocation and you start with 0.5%.

Among practitioners it’s typically seen as the gap between your equilibrium or pricing model vs. the market price. You’d use it to understand a new risk premia or see if it’s a legit trade you want to take risk on. It’s always interesting how phrases or words used on the street end up...

It means the net weight of a single name might be less than 2% depending on what I need to do to hedge. The more volatile the position the more hedging it needs.

Want to show me your source? I understand delta management to replicate the payoff of a call option, but you must define how much weight in your portfolio you’re willing to allocate to any one position in the first place. My position thresholds define that, and as portfolio mix ebbs and...

Lol we have completely different ideas about what a value gap is.

I have weight thresholds in my portfolio. E.g. active risk on a trade is a 2% weight of gross. Can increase by 1% increments up to a max weight of 8%, though 5% is “high conviction”. I don’t change that weight threshold unless my thesis breaks. Weights change if conviction changes (typically...

Do you sub to special situation investing?

I think there’s some confusion here. I didn’t say someone had to work as an investment banker, rather they just needed to cut their team at a firm within the investment industry. Bankers, traders, salespeople, etc., all fit within that. It’s very hard to develop a professional skill set...

(1) Trades for earnings (doesn’t sell books or courses or media) (2) generates excess returns relative to a benchmark of the asset or strategy they trade (3) does so in a way that is repeatable and not from luck (e.g. 25%+ of their net worth comes from long calls they bought at the bottom — this...

Welcome back lol

Get a job at an investment bank and build your skill set. I can’t name any legit trader who did not work for an investment related firm before starting off.

Anyone else think “terms of service” when they see “ToS”?

I updated it :-)