Search results

If you are not trying to gauge if some parameter is rich or cheap, where do you think the positive expectation comes from? It's a skew trade, primarily and as such, you want to do it when skew is rich, especially if you are hedging delta. As a side question, why do you want to be delta neutral...

You mean dis?

How are you gauging the expected value of the trade? I.e. do you look at richness/cheapness of implied vols, skew etc.

It's a skill, there is nothing "professional only" about it. People retire and keep trading their own capital successfully (heck, I did it some years ago, from a hospital bed). There are numerous examples of people here that did not come from a finance background and managed to research and...

To be specific, it's - a 1-touch at 20k that knocks-out at 1k and gives me a rebate, right? You are offering even odds? I'll take it! Wanna do bigger size? how about a million? where are we observing, GDAX? :P To be fair, I am fairly bullish bitcoin and crypto overall, but I would not stake my...

LOL. I am doubt you ever actually worked outside of back office if you believe that Nav Sarao actually caused the flash crash. You preoccupation with Steve Cohen is not indicative of an adult understanding of the industry either. Or, for that matter, that fact that you believe anything printed...

Have not seen that reference in a while :p If @cityboy12 want to find "traders", he should look at PMs multi manager funds or prop firms. These people live and die by their PnL.

Do you think you going to learn new things from working at a prop shop? If it's a reasonably collaborative place, or if your boss is going to give you some guidance, you probably will and then it's worth doing. If it's a bucket shop (with gold plated buckets but buckets nonetheless), you might...

Maybe, just maybe, you did not know what you where doing? Most people who went into systematic trading around that time all have done well for themselves. As a professional (OPM) trader/PM I certainly feel like it's a stressful albeit a well-paying job. The have no idea how it is to be a retail...

Volume!

Hmm. Not sure it makes sense assuming that's the only strategy. Here is my thinking, without knowing much about your strategy. * Your current buying power right now is 800k and you think you have 3-4x that in terms of capacity. Let's conservatively assume that it's 3x at 2.4mm. * You made 200k...

Yeah, the whole business is about balancing cocaine with weed!

I was talking to some dude that told me that he keeps a fair chunk of his net worth in gold coins. - Why coins? - So when TEOWAWKI happens I can buy canned food and ammo! - Don't you think it's better to store canned food and ammo then? << confused silence >>

Yeah, that's pretty unreal (if it's real, of course).

There is a bunch of questions to answer first: 1. how does your strategy scale with size (e.g. would you be able to accomodate 10x the size)? 2. do you have other ideas that you want to research and that require institutional support? 3. are they going to give you any support/development help...

I never said I was "so smart", in fact I am probably pretty average compared to the others employed in the field. And yes, you do need to read something formal on economic theory, I'd suggest one of the bank CB primers (btw, if it were a university text it'd be probably something like Money and...

Are you cool without it too? :cool:

Ugh, "no like". I was dumb enough to buy and read this book. It's 13 dollars and an hour of my life that I will never get back. In short, it's 200 pages worth of pseudo-science and twisting the statistics (substituting federal for state statistics when discussing drug arrests, using correlation...

But of course, you are the only one who is always right. However, could you be a bit more clear what am I wrong about: * do you disagree that CME CBIP program is primarily geared for interest rate and bond futures? * Or maybe you disagree with the fact that BoJ has been buying ETFs for a while...

Powell, Draghi, Carney and Kuroda - the four horsemen of modern monetarism!