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I can't in this instance. Sorry.

I use swaps to do it, quite constructed animals.. one could construct it from listed vehicles in many any cases though. Depending on the market conditions, it costs me about 3-10% year

Ha, it wouldn't be a YUGe loss anyhow! I have a lot of different positions running here.

I'm ready to buy more under 13. Now, if DJ delists it from the thirty Industrials, I have to substitute out whatever they replace it with.

Exactly, it is the opposite of common sense, the opposite of what most do and suggest others do, the opposite of what most computer-generated trading systems executed hypothetically at data that was, suggest you do. "Letting profits run" is the ambit of the compulsive gambler. As for (the...

Hey FWIW, I dont advocate anyone trade at "full Kelly," as you may call it, etc., UNLESS their criterion is maximize expected growth without concern for any sort of drawdown. Rather, the whole study of it unfolds in a manner that gives me a "framework" which all money management strategies fall...

I'm long, and have been 100% long since 11/1/16. I also have a pretty sophisticated "curved" hedge on which I have described on related threads recently on this forum. Given that I doubt very strongly I can call the top of this equities market (let's put it this way, it's far more difficult than...

Do you think the next 1987 wlll see the same technical backdrop? I had an interesting conversation yesterday with some of the best technicians of my lifetime, and all unanimously agreed -- no one can successfully pick market tops. Those few who "picked" the 87 crash didn't see what was coming in...

You are assessing that transaction in isolation. Let's say you bought puts from me. But I sold them in lieu of a resting limit buy order - I want to buy the stock at the strike price of these options. And we increased open equity, which feeds upon itself. And the premium I received from...

Not to mention the economic benefits of hedging (not just ags, but airlines, transport cos., etc.). Not to mention the capital raising through the issuance of stock, or the fact that such profits find their way into the fractional banking system creating new money to loan and on and on and on...

"Uncorrelated," bets or asset classes? That's funny. As if that is supposed to mitigate risk? Maybe in college classes, but not down on the shop floor, not on days like the morning of 1/20/87. Correlation, like liquidity itself, is a theory until it is tested.

None of this is a "zero sum game." Value is created left and right.

Because XIV / SVXY became the only game in town, everyone playing the positive drift to it.

This is very involved. Risk of ruin (which can be defined as loss to within 100% of your starting bankroll, or any % of your starting bankroll) is an asymptotic function. One you determine your acceptable drawdown on initial funds (i.e. where you would say you are "ruined") you can seek the...

Only here from time-to-time. Best to contact me through my website ralphvince.com

Actually, they are NOT too complicated. I have tried to simplify things. I find people implementing things like Elliott Wave or all sort of esoteric technicals and such who are retail traders. It;s not that this stuff is too complicated or over anyone's head, rather, it is that it is dry. Vital...

Risk of ruin is minimized by not trading! The smaller size you trade in, the less your chance of ruin. Your criteria is certainly not just to minimize risk of ruin, that's only part of it yes?

As for the mindset, this is much like the 90s, everyone trying to cal the top, and not just amateurs. As for the strength and drivers behind this market, this is stronger than anything ever seen. We are in uncharted territory in that sense.