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two questions Is it important to define your edge mathematically? How do you go about trying to find an edge?

Thanks for the reply. Is VXX the only underlying you trade?

I was looking into selling spreads on VIX or VXX. I know fundamentally they are different though. For those who trade vol, which instrument do you prefer and why? Thanks!

Right now the stock is around the 320s area. I don't want to short the stock outright. I was thinking of buying the April 10 puts. This gives me a BE of around $8. I would appreciate some input on perhaps a better way to structure this. Thanks!

Nice! Can you also get the winning numbers for tomorrow's mega millions? LOL jk

interesting...

assume any question that is posted just comes from me from now on haha. And yes, it was TastyTrade. This logic doesn't make any sense to me. I've seen proof somebody laid out that if something is random you can't make money from it. I used to enjoy their content, then I started realizing...

From what Ive seen so far, I can agree with this. From every professional trader I've heard speak, they all how some quantifiable edge that they can look at. I recently saw an interview with a trader at DRW and all he talked about was expected value and finding your edge. No moving average...

The market is low? You do realize we are only off like 100 points or so from all-time highs in the SPX right? lol

Really great, explanation. I enjoyed reading this. So if I understand this correctly, you think that every tick that happens in the market is for reason and nothing is random?

From my understanding, they have so few losing days because the trading they do is now just purely agency, not prop anymore since 2008. So when you see an SEC report showing how much trading revenue they had, and how many winning trading days they had, its because they are agency trading, which...

1. Do you think markets are truly random? 2. If something is truly random, how do you make money with it? The reason I bring this up is that I've heard a lot of options trading gurus out there recently talk about how markets are random and therefore when you trade options, IV trades rich to...

Just trying to weigh out the options from a logical point of view my guy, something I don't see beginners do at all. Too many beginners are asking the wrong questions. Just trying to get some advice from real traders here who have made it is all. Didnt mean to come across as whining, but...

Skype would probably be easiest if that is at all possible. That would be my preference as you can use it on a desktop or mobile.

I am new, and definitely not a full-time trader but would be interested in joining like a skype group or something. Not a "trading room" but rather just someplace to discuss ideas and markets. Keep me posted.

If this guy is so good, why isn't he just hitting up his contacts from "Goldman" and running his own fund? Idk man, I just don't trust this guy. Gives the vibe to me that he is preying off new traders' insecurities of wanting to trade for riches.

what about your thoughts on what I mentioned about setups that "look" the best like textbook trades?

Will you take the same setups on multiple different stocks that are lining up according to your method(ie. pullbacks, MA cross, whatever you use to trigger you long or short)? Let’s say your overall view on the market is up so you are only looking for the strongest pullback trades. if you see 5...

I would recommend you do the backtesting and see what you are looking for. Only you know the answer to your own question.

I think there are stronger stocks to short right now and put your capital to work rather than GE.