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Your policy means nothing to those on the front lines. Do you want your son to be NYPD while #BLM going on? I don’t. I understand some don’t have a choice, but for those who do, it’s not a wise one, imho.

I sure hope not, as none of them get appreciated enough. Except doctors who actually strive to work for themselves.

Maybe it will push salaries up. I remember during COVD panic going to the store and thinking ... these people are risking their lives for peanuts. That’s crazy, they should have been rewarded, but people who chose to go on unemployment got rewarded instead. I tell my kids - Work smart, not...

And the biggest incentive for lots of people to go back to work was medical insurance got solved as well. https://www.seattletimes.com/business/need-health-insurance-a-guide-to-new-options-under-the-stimulus-package/

Lol, yeah it got kind of weird towards the end, but a great book. This acronym got me through some difficult decisions.

Accept all possible losses Concentrate in mind, body, and spirit Trust your instinct Imagine success CLEARLY Only exist in present to control fear Never look back once started https://www.amazon.com/Way-Warrior-Trader-Risk-Takers-Confidence-Discipline/dp/0786311630 ps from memory, so maybe a...

IMHO, all this is just self-fulfilling prophecy. Market Profile came out of futures pits, so it’s more popular for futures. Also, I think microstructure-wise, it’s best suited to futures. But here’s equities trader using one (skip to min 22 if you not interested in the rest):

Or maybe just innocently mistake bull market for edge?

"Since my portfolio was up 208% in 2020" No way you did this selling premium. What gives?

Yes https://www.nasdaq.com/articles/automatic-exercise-after-hours-risk-and-other-options-expiration-issues-2010-11-18

Is auto-assignment based on primary market official closing price?

Hi, guys. I know this was discussed here multiple times, but I can't seem to dig up the answer. Is there a guaranteed cut-off time after which option may not be assigned? For example, I have covered call expiring tonight on a highly volatile stock (I think you can guess which one lol). It's...

I don’t think they have any edge. And Tom says it often explicitly. But if you wait for volatility spike AND you size properly, I think you will come out ahead. But because these events don’t come very often, I just think it’s not enough on its own. That’s, imho, what causes lots of people who...

That’s why they have another dogma - trade small.

The problem is that these guys ca afford better lawyers. Also, once the source of edge is understood, it’s impossible to prove that they implemented exact same strategy. There are people here more knowledgeable than me on this topic for sure, but my understanding is that there are generally...

Wouldn’t you have to pretty much disclose your strategies? If the strategies have an edge, they can re-create them. If they don’t have an edge, just statistics, that is kind of a leap of faith for them, no?

But but these guys do it. Maybe most of profits come from the dispersion trades they do. So the best I came up with so far is to sell premium 30-60DTE and buy slightly OTM calls on down days and puts on up days with 7-14DTE. So my longs are more sensitive to relatively small moves, while my...

You assume correctly, but there’s big difference between the BS these companies put out to the press/public and what they actually doing. Now I am very far removed from these places to know for certain, but I would make a bet that not only they have concrete edges, they are actually...

Oh I just got to share below excerpt (unfortunately I didn’t write down who said it): It is said “riskier investments provide higher returns.” But riskier investments absolutely cannot be counted on to deliver higher returns. Why not? It’s simple: if riskier investments reliably produced...

Yes, they don’t sell premium. But I doubt I can be as good as them, so I am thinking to combine premium selling on the longer time horizon with gamma scalping on shorter time frame. Just can’t put my finger on it yet