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Is it just the wide bid/ask spread? Just put in an out of market order on the other side that you know won't get filled but is much more reasonable than the current best and the naive IB algorithm will instantly see you as "profitable", it's probably just blindly looking at what your position...

Good to hear I'm safe with you and @virtusa then:finger:

I claimed I run a business and invited you to join me for coffee at that business to discuss it. You claimed that you personally witnessed a broker stealing a customer's trading strategy. One of us made a claim that is not only easy to verify but that the other was invited to verify. The...

To be fair, when on active duty most general officers are living in housing that's at or above what an equivalent C-level executive would live in, and at least at the higher ranks are flying around on G-Vs, have a personal cook and driver, and all the other accoutrements of an executive of that...

Let's just say I didn't learn about expected value from Google. If you'd like to stop by my office and talk business over a coffee once this COVID thing is over you've got an open invite, just IM me. Until then, please refrain from calling me a liar. Seems like a reasonable request, don't you...

Sounds like you're describing a combination of nepotism and the short-term nature of the oil business which doesn't sound pretty. Of course it's all legal in the private sector even if inefficient and stupid. Not supposed to happen at least in the U.S. and Canada in the public sector. I've also...

Your lack of misunderstanding of the scientific method aside, the discussion you're doing your best to attempt to derail is if a jackass at zerohedge who basically makes things up is a better journalist than professional journalists at an organization like the NYT that has editors and source...

I've actually heard more complaints about this in Canada than in the U.S.. It always strikes me as odd because the general level of corruption seems to be much lower there, at least in Alberta where I have business.

I think it's generally necessary but not sufficient that you have a basic finance education to be successful over the long term in finance. There are lot's of dumb things you can avoid doing if you have a basic background in the subject. There's a lot of brain cells you can use to think up new...

If you can't grasp the concept of expected value then you've got no business in finance my friend. This is basic basic stuff. And no, none of us believe that someone who doesn't grasp expected value and appears to have a difficult time even stringing together a coherent sentence "was sitting in...

I actually do know many of these people and having worked for 20 years in the federal government I was one of these people. And given I have a significant line of business in IL, I do pay a pretty significant sum into this system and benefit from it as well. Absent living there I really couldn't...

You're making a nuanced but quite different argument than the article and the other posts. And although I don't completely agree with it, I do think it's far more reasonable and defensible. The article and most of the posts up to now have basically been throwing out the idea that anyone in...

Absolutely. As they would at any corporation in America (or anywhere else in the world for that matter)

Again, do you seriously think the schoold superintendent tasked with 75-100,000 students, around 5,000 teachers and a couple thousand other employees, and a budget north of a billion dollars a year is doing anything like that? I mean seriously, did you just pull all that out your ass then...

So a school district superintendent is tasked with 75-100,000 students, around 5,000 teachers and a couple thousand other employees, and a budget north of a billion dollars a year. I make a hell of a lot more than they do, and I'm responsible for far far less on every metric. Someone tasked with...

Not sure why you compare public sector white collar work to private sector blue collar work. Just as many worthless paper pushers in the private sector and white collar work often pays better no matter your sector. Heck I sit behind a desk, send emails and meetings all day. It's my job running...

You may be confused about what a DNS server does. It simply convert's www.elitetrader.com into 104.197.100.237 which is what the internet routers use to find the actual site and deliver it back to you. It's basically a big lookup table of URLs and their corresponding IP addresses, that's all...

In what universe is $100,000 a year some outrageous salary that should be utterly verboten for any public employee? Heck, that's a starting salary for a bunch of fields. Most military officers cross $100K at just past the 10 year mark unless they're living in govt housing, and yet pretty much...

Welcome to my brain, I try to convert everything I can into probabilities and expected values. Turns out our intuition, or at least mine, is wrong more than it's right so that keeps me (more) honest.

Let's say there's a .1% chance of it happening. And let's say that if it happened it would cost you $1M. The expected value of that is $1,000 ($1,000,000*.001). What is the cost of just setting up 2 brokerage accounts, programming for 2 brokerage accounts and tracking 2 brokerage accounts and...