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Whats your basis for these trades? Fibonacci replacements?

Pri Well technically you're correct. Price action moves in a geometric Brownian motion. Same shit as particles of dust on a mantle. It is noise. But that doesn't mean opportunity of signals are within that noise. Of course it is, alpha is present at all times. It's up to you to figure when...

Listen man, the drawdown are going to come. People are saying maybe you didn't have an "edge" in the first place. It doesn't matter, edge or not you will lose! And I don't mean you WONT win, I'm just saying the losses will come, and sometimes in flurries that will make you ungrounded, and...

Hey guys, these filled just now. I'll post a bit later with my analysis! Because I'm an analyzer dude! lol but yeah,

Oh and guys, earnings season is coming quick, and of course impliedmoves are thru the roof. I want my bro @TheBigShort to trilogize his awesome "earnings" journals. If you notice, BigS trades a lot of fricken flies for earnings plays. He models vols and sprays accordingly. He's one of the ppl...

tomorrow is expiry for some flies I got, I'll update afterwards. Today will determine the fate! Im also starting to load up on this next weekly expiration. Rinse and repeat, reload and shoot projectiles of parabolic bflies across single names. Spray and pray. I'm also looking to start...

But even more so with a strategy like the butterfly. You can position your strikes and term structure in ways to really get a glimpse of true risk and reward scenarios. I could trade months and widen my width of my spread ATM, which is a completely different animal than a weekly fly OTM. You...

I hear ya brother, same here. I definitely wish I was a tad better at math and spreadsheets as well like some of these geeks. Unfortunately I grew up in the gutter. But the Greeks can be optimized, but maybe not in the way you think. Greeks were created to measure portfolio risk in the...

Word through the grape-vine volatility’s distribution is a power law. Keep it on the down low tho.

COol liNez

you trade Sunday’s?

good question... I have no idea..maybe des could chime in if he sees this post, or @Same Lazy Element or @Doobs789

And about legging again..... If you can successfully leg into spreads (buybids/selloffers) just trade the stock.. it makes more sense if you can directionally trade well.

Entered this 121putfly 4/3, expires tomorrow. Most likely a wash, it happens.. peep the technicalz $MSFT 30-Min $MSFT Daily MSFT made a nice move up with the rest of the market on Monday, I'm down about a buck on this spread. Going to let it ride until expiration, although it is at a...

That would imply risk-free arb. Which doesn't exist in this world.

…..then one wouldn't need to leg into verticals, he could just trade delta1 and scalp all day... unless he was hedging or something. But I know what you implied, and I agree, if one has a not bad sense of market direction one can leg into these verticals.

I could never find shit about Osbourne! THe only source I have is the book "Physics of Wall St."