Search results

As someone who has a pretty thorough background in stats this type of response is immensely frustrating to me. Those who understand the mathematics of statistics can certainly use them improperly to dupe those who do not. Those who do not understand the mathematics of statistics can also...

You might find it interesting to find a corollary to this in military aviation that was successfully overcome. Like the police, the military trains to obey orders and not question superiors. The aviation safety community began to realize that there were a large number of entirely preventable...

Keep in mind that at some brokers you chan choose to exercise your puts as late at 5:15 ET. So if you've sold puts, you're not necessarily good when the stock closes above the strike if it subsequently sinks back below it in after hours trading.

Studying stats indeed, the mathematical discipline that is. Blacks make up 14% of the population, whites make up 73%. If an equal proportion of blacks were killed by police as whites, the since whites make up about 5 times more of the population than blacks then 5 times as many whites would be...

There are a lot of people here who are genuinely trying to be kind and provide useful advice. At this point you're starting to be a bit obtuse to those well meaning efforts. A positive outlook is that you can do better than the average long term buy and hold stock market return of around 8% per...

Well it blew up in 2000 as well, so I think you're ultimately both agreeing with one another.

I would recommend doing a little more research into the concept of risk adjusted returns. It's possible to make $23M off a $1M base pretty much every single day trading a high leverage product like deep OTM options. But you're going to have to blow up that $1M account a couple hundred times on...

Great pub but at $2K per year its expensive if you're not actually in the industry. Hard to put together quality stuff at a reasonable per subscription price when your target audience is so small, so I don't begrudge them that.

Still confused by what "swoop in and take out truckloads more than risk free returns in microcaps." even means and absolutely stand by the assertion that the fact that something has no MMs, is a niche, or is hand quoted means anything but insanely wide spreads. Let us know how the cheese thing...

The exchange margin is actually almost completely irrelevant. The real issue is that you simply can't just go to an exchange somewhere and see a bid/ask. You've got brokers, in the old school "matching buyers and sellers" use of the term, who know people across the industry and work almost...

While I recall the violence as somewhat one sided there, I don't believe you do support the racists at Charlottesville and wouldn't expect you to say you did. I was actually hoping you'd say something like: I agree completely with that. I must admit that I bristled a bit at your early...

Investment income is specifically excluded from QBI.

If you want to get technical you can look at the BS formula and just look at the D2 half to get a little more accuracy on LEAPs. Still have the dividend uncertainty risk though.

Charlottesville was peaceful?

Knowing what you're doing is harder in electricity markets than in most others. There aren't many books about it and most people learn from on the job trading working for a power marketing firm. Additionally at the end of the day there just aren't many traders in these markets who aren't...

I honestly don't even understand what "swoop in and take out truckloads more than risk free returns in microcaps." even means? How could you manufacture a risk free return of any kind in a microcap given that they don't have options that trade? If they're pumping and dumping, it's neither risk...

That's indeed very interesting, thanks for posting it!

First I think you're talking about two fundamentally different things. A worthless penny stock defying gravity is probably due to the fact that there's no shares available to sell short. Which means that a retail trader (or any trader for that matter) can't capitalize on it because the either...

I guess I didn't understand your point then. I thought you were saying that exploitable arbs occur in real life when professionals are so fully invested they don't have another dollar to take advantage of them. That doesn't happen, but if that wasn't your point then I guess it doesn't matter...

Let's not be silly here implying that the arb you described ever exists, not at a dollar and not at a nickle. There's never a time that all the professionals have used their capital and the patient and wise retail investor swoops in and takes an arb significantly exceeding transaction fees, full...