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The opposite, no? Sugar is a simple carbohydrate, while starches are complex :)

Sorry, it's totally unclear what you are trying to say. Are you comparing fixed-delta limit vs fixed interval hedging? In that case I have to disagree with you, hedging to some exposure limit with a hysteresis band is probably the best thing one can do in absence of an alpha strategy for the...

Maybe you should have tried cakes instead? PS. A friend of mine is a high end pastry chef - it's really hard

Well, all you are really saying is "improve your alpha and your win rate will go up". By the same token, one can say "improve the expected alpha of your winners and the win rate will matter less". In real life, your ability to juice up your alphas is usually fairly limited and you end up making...

You don't even need to watch it closely, just check it sometimes (preferably more frequent than expiration of the option). Let's say you have a delta limit of 25 delta and assume that you are observing your deltas with some periodicity (does not matter if it's regular or random). You look at...

Yup, fixed delta limit works. If you treat the delta limit as a hysteresis band, it works even better (i.e. hedge to the limit, not to flat).

For starters are you long gamma or are you short gamma? :)

Go back to sleep :) The strip turned green again today...

It's not as simple as you make it sound. If you are trying to improve your win rate, chance are you will be increasing the degree of negative selection on your losing trades. I.e. the win rate comes at the expense of the skew because you are providing some form of risk premium to the market...

Sure. Quality execution is very hard. Yet I am somehow managing a fair amount of capital in a professional setting and seem to be eeking out a living. Could you boast the same, with your win rates and fries orders? Back to the concept of the win rate. I've yet to see any institutional trader...

How did you do in this little woopty-do? To what, move S&P? Yeah, VERY VERY WELL CAPITALIZED :)

Erm, the price (clean) is still probably falling based whatever tiny duration these things got, while this is just a coupon accruing. Plus, God does not issue FRNs :)

Well, assuming equal long term expectation, a high frequency strategy that has a win rate of 40% would have a drastically smoother curve vs a medium frequency strategy that has a win rate of 60%. That too is a fact :) Nobody is disputing that it's better to be rich and famous than sick and...

Not making money on a subset of trades is not the same as losing money. Positive expectation is exactly that, "expectation". Here is an example - imagine that you can play a lottery where the value of the pool is lower than the value of the winning pot. Would you buy a ticket? Would you buy a...

You could ask all sorts of philosophical questions like "can God make both bonds and yields go up?" Actually, that takes me down a serious rabbit hole - can God issue a bond that he would default on? Would the debt issued by the Devil be secured by the real estate, while the debt issued by God...

Can't say I have any first-hand experience, but I would imagine that smaller FX brokers pay less for overnight swap (as part of their business model, aka fuck the client).

Neither the Fed nor even Mr President himself can change the inverse relationship between the yields and the bond prices :D

I am hinting at the fact that futures price includes the interest rate differential (*), so unless you are somehow funding funny, the two are equivalent :) * well, that and the xCcy basis

Well, why don't you then go long the spot "fx pair that enjoys positive carry" and hedge it with futures? :) That would be a free lunch, right?

All right, children, repeat after me: Rates higher, bonds lower! Rates lower, bonds higher!