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  1. N

    Where is the edge?

    selling condor has positive expectancy. high prob but negative convexity. it is part of the strategy. you can call it a risk premium instead of an edge. it does not matter. think of it like selling insurance. overtime it works out. just need enough reserve capital.
  2. N

    Trader P/L 2013

    up 1600. a rather boring week. not brave enough to ride mkt to new highs.
  3. N

    Starting a fund / raising capital

    Again impressive results in any aspect. njrookie
  4. N

    Trader P/L 2013

    -$500 for 1st week of may jan : 6.47% feb : 5.74% mar: 7.89% apr: 6.35% small and steady. boring is a good thing. njrookie
  5. N

    Starting a fund / raising capital

    Great job! Just keep it up. Can you post daily instead of monthly numbers / charts? njrookie
  6. N

    Trader P/L 2013

    One can transfer money in and out of IB account, and it shows as change in account capital. I guess atticus wants to see PnL.
  7. N

    Trader P/L 2013

    sellingindexvol, 99% of traders will be happy with a $25K month. $17,700 for april.
  8. N

    Trader P/L 2013

    Keep it up, bro! I had never bought or sold any financial securities until 4.5 years ago. njrookie
  9. N

    Trader P/L 2013

    recovered from last week's loss +12,900
  10. N

    Trader P/L 2013

    I will be happy with 1K on a million a day consistently too. 1K a day keeps your boss away.
  11. N

    Trader P/L 2013

    I will be very very happy with 1% a WEEK for an account equity of 1 million.
  12. N

    Trader P/L 2013

    Down 1900. njrookie
  13. N

    Trader P/L 2013

    +2900 slow and steady.
  14. N

    Trader P/L 2013

    1st week of April +$1400 back from 1 week vacation last week. still trying to get back to trading mode. always need some time to synchronize myself with the market after the break. hopefully market vol will pick up for easier trading environment. njrookie
  15. N

    Trader P/L 2013

    Q1 summary as promised. Hopefully more movement in the market will help in the coming quarters. njrookie
  16. N

    Trader P/L 2013

    On vacation this week. this is from last week. will update for 1st quarter when get back home. +7000. njrookie
  17. N

    Trader P/L 2013

    March 2nd week +$2500 It is getting really boring. Glad I am still making. njrookie
  18. N

    Trader P/L 2013

    March 1st week +1500 njrookie
  19. N

    How Lucrative Are Wall Street Jobs?

    There are also the likes of Paul Krugman who sold his soul and decency for $ and a loud microphone. njrookie
  20. N

    How Lucrative Are Wall Street Jobs?

    1. A finance professor has negative income growth in real term; 2. The sharpe ratio is rather high due to job protection with tenure; 3. The hourly rate is also quite high since all teaching can be done in 30 days of work at the pace of Wall Street (5 hours of teaching per week for 30...
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