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The error is on your question. Why do you want to ramp up quickly? Trading is a long game, a life game for some of us who are passionate about it. Those want to get rich quick usually end up get-broke quick. Also keep in mind that the brokerage can change margin rules whenever they want. And...

But... They were smart academics !

Thanks! Much appreciated

Thanks. That is what I am trying to understand: the concepts, the assumptions, weaknesses in the assumptions and concepts, etc.. Which goes back to my wanting to understand things to apply them. I thought the car driving analogy was a good one, but that seemed to take the conversation on a...

cool. love it. love being stretched. It's the best way to grow.

Thanks Sig. To clarify, I have read McMillan, Sinclair, Bulkowski, etc... I have invested in my trading book library and am happy to buy more books. I had a Q regarding Hull because there are currently 10 editions of it and would prefer to buy a version that has thicker paper stock, rather...

If that's what works for you, wonderful. Personally, I doubt every passionate driver has disassembled their car or studied all the engineering mechanics of their car. We are all on our journey and pursue it in the way that works best for us. I'm happy you're on your passionate path. As am I. I...

Interesting.... Looking I to the hull book. 10 editions so far, that's nuts. Would be nice to k ow what is different with different editions. Read one review that a certain edition uses super thin paper. I hate that. I have the encyclopedia of chart patterns book and flipping those rice paper...

Thanks. I've read a bunch, and continue to do so. Ive read McMillan, reading Sinclair now. Sinclair is a bit too math heavy for my liking. I can do it but would need a supporting text to practice the equations. Ive read a bunch of others as well. Over the years, I've learned/observed that there...

So I've read and heard about how spreads and especially ICs protect by limiting the loss on the trade. However, my observations have been that in times of high volatility the cost for both the calls and the puts go up, plus the spread widens dramatically. If so, then wouldn't the protection...

Yep. What he said. Me ... I just read the chart. Risk mgmt means you don't lose it all (or most of it) on one trade. Which appears to be the case. One of the toughest thing to do as a trader is to pull out of a bad trade. But that is what sets the top traders apart. To manage the risk and make...

W What is share-vol? Do you mean the iv/volatility of the actual equity vs the volatility of the different expiries?

Interesting response ... So what is your take on my iv observations and questions?

I think I figured out why a person can be right on direction but still be wrong when they exit the trade on a call option. I believe this is because of how iv behaves in the option pricing formula. Is going long call options with a long/upward directional bias a fool's gambit? Implied...

Hey destriero, isn't the point of a journal so a person can reflect and learn from their trades? Would your son be open to journaling his own thoughts? Or maybe he already is... I think it is a great that he is trading. My daughter just indicated some interest in learning how to trade. Still...

i don't remember which exchange... essentially filled it BTC at the bid plus 10 cents (initial spread was 40 cents). I was just trying to figure out why sometimes some mid-price (somewhere between bid and ask) get filled instantly whereas others are slow to fill...

after testing and figuring things out, this is not what I need. It's not like I grabbed the 1 lot bid and then got filled at other prices. I got filled in between the bid and ask, so there's no data out there on what was available at that price. My guess is that my fills either filled a spread...

hmmm... can you get that with IB or other provider? I haven't seen that offering before... where can i get something like that?

What's consolidated nbbo? I haven't seen that as a data feed option add on.. .

yep, poor risk mgmt is poor risk mgmt. He definitely had the resources to develop exceptional risk mgmt systems. It looks like he tried to corner the market by taking such a large position. That's an old story and has left many broken/blown up. Liquidity dried up because the other ppl on...