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That kind of willful ignorance is just baffling to me. The mentality you're projecting here would lead you to the inescapable conclusion that the Earth is flat and the sun goes around it. After all that's obviously what we see and fuck investigating it further, am I right? Most of us moved into...

I have to wonder when I see these types of studies if they're not just reflecting exactly that. As in, people who are disciplined and driven do lots of things that keep their brain stimulated and that keeps their cortex from thinning. Another correlative but not causative impact of that...

I like the intuition behind this but curious if you have seen any quantitative support of the idea? If so would love to read up on it.

I think you fundamentally misunderstand the role of a broker. You seem to either be confusing them with a bucket shop or a hedge fund. Brokers in the US at least dont trade for their own account, so how could they "front run" or "run test trades"? And every employee at the brokerage, as well as...

Banks really choke on anything that isn't regular, long term W-2 income. They shouldn't, they're stupid and slow, but they do and that's the reality we live in. If you anticipate needing a loan I'd highly recommend setting up an entity and paying yourself W-2 wages sufficient to provide the loan...

Coming from someone who has so far contributed jack shit here, you're quite the tough guy aren't you?

I don't disagree at all with your assertion that coding and quant skills are crucial for a bank trading job. But a bit of disagreement and nuance overall. First the nuance, trading is a small specific niche of the financial services industry. While it's true that very few folks from the top...

WTF? The guy gave a very reasonable and we'll reasoned response. You....not even sure what your point is except you managed to work yourself into a frenzy over who knows what. Take a chill pill dude!

I don't know of any MBA program that's focused on commodities specifically. But if you want a job in commodities any of the top 10 MBA programs, of which Booth is generally considered one, will provide you the path to get there (internship, network, and project opportunities). I'm not super...

The real problem is the definition of the use of the term hedging by professionals vs amateurs. A professional hedges when they buy a put option to protect from downward movement on a long position, for example. Or entering into a forward or futures contract to lock in the future delivery of a...

Chicago Booth's a great MBA program for finance. A bigger commitment than a couple of classes, but you'll easily be able to network/internship you way into a job through that and 9 years out of undergrad is still in the window.

Very wise words. It's all about risk adjusted returns!

I got the same impression. I gave basically the same hour long seminar to a group of about 10 people each at DB and GS on the same day a couple years ago at each of their respective offices in NYC (in the energy space). The GS team was super engaged, had clearly done a significant amount of...

This doesn't change anything that was posted before your post. The new tax rules are simply less advantageous for high wage earners when it comes to LT dividend and capital gains tax as you move to the higher rate sooner (based on total income) than you did before.

Reading this thread is kind of funny, you present as almost the stereotypical Asian who thinks that math, science, and perfect SAT scores are what get one ahead in life, and creativity is something easy to teach a kid who spent the first 18 years of their life cramming for the SAT. The funny...

So your broker won't allow you to buy 1 SPY put option if you own 100 shares of SPY? Which broker is that?

I'm confused, you asked about trading options, no? You do understand that you can interchangeably use XSP options to hedge a SPY underlying, they have a correlation of 1? Unless you want to actually deliver SPY underlying into an options contract when it expires. If that's the case, the problem...

SPX also has M, W, and F daily options. XSP is a mini version of SPX that is 1/10 the size, I don't trade it so I don't know about volume but since it's virtually frictionless to hedge between it and SPX it shouldn't ever diverge enough to matter. And its cash settled so you can trade to the...

So the intracoastal is intra, it's basically a canal between the barrier islands and the coast from Norfolk, VA to Miami, dipping further inland in a couple spots. There was 4g coverage pretty much the entire way on my GoogleFi service when I did it a couple years ago. Inmarsat is an immensely...

Why wouldn't you just use SPX options? Cash settled so no delivery risk, you can trade them anywhere up to the close on expiration.