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No Logic plus evidence. Both required. Every time. GAT

Several new HMW over last few days. Total profits to date 146%, for the tax year +37%. GAT

Did that stuff in my last job, not any more. GAT

It's a UK insurance scheme (although I use IB, it's via the UK regulated arm) equivalent to FDIC, but only covers up to £85k GAT

Remember net with the hedge which I also closed it's close to flat, probably small up. GAT

With todays further falls, I had the opportunity to do some tidying up and tax optimisation. As many of you know, I originally funded my account with stocks rather than cash, to avoid paying the CGT bill. The largest position was a long in the IDVY European dividend ETF. To hedge this, and...

Love this comment. "Why offer just one confusing API, when we can offer two and make it twice as confusing?" GAT

No, just books. I can understand your skepticism, but it's a real number. Most people on ET find me to be an honest chap... GAT

Somewhere around 32% (as of 4:22 GMT today at least) GAT

How is easy. When... harder. GAT

https://qoppac.blogspot.com/2020/02/what-is-right-way-to-set-stop-losses.html GAT

The speed of this turnaround has been too quick for trend following to get out of the lift doors before they closed. Vol scaling will reduce the damage, and a diversified set of futures will allow you to make some money back. But I agree, it's very small beer compared to the losses in my long...

.... and if you're not being paid for it, is it still work? GAT

It was 7.30am. That was when I was in sell side trading, which I did for less than 2 years. As I said earlier in this thread I didn't enjoy working that hard and so I quit (there were other reasons!). Even then I wasn't doing the 70+ hours a week that @southall defines as hard work, more like 50...

Hmmm. My guess is that thresholding resulted in one or more position only being zero in certain periods therefore killing the correlation matrix of returns. An easy fix would be to make sure the p&l calculation for instrument weights looks at pre thresholded positions (which to be honest I...

Only one of these things can be true GAT

Define hard work. Honestly, the only time in my life we're I've worked harder than I've had to is since I 'retired'. I could just sit around watching TV, but instead I'm doing stuff that from the outside looks like work (although a lot of it doesn't produce any income) but which I happen to...

This is my personal experience of my own life, so with respect, you have absolutely no idea whether it's complete nonsense or not. I don't think we've ever met. And more generally, the rate of social mobility in the US is lower than in nearly every other developed country and has been falling...

Also modest :-) I think a combination of advantages and dumb luck are enough to be rich, where it's my personal definition of rich: not needing to work ever again (so probably low to mid 7 figure net worth in liquid assets). I'm basing this on the fact that I've never worked harder than I have...

Should be an option for dumb luck. My own success is down to: 40% Advantages 60% Dumb luck 0% hard work GAT