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Trading isn't that similar to poker TBH, though if you're able to play poker at a high level I don't see why you couldn't learn trading.

One of the best one liners I've heard is "everyone gets want they want from the stock market". If you consider yourself a loser, you will highly likely end up being one. Foster a mentality of a winner - consider yourself a winner, and act accordingly. Yeah, maybe the r-word is WSB code for...

It's not so clean cut, the Fed really can't let the real economy sit around idle due to a collapse in credit either because that screws main street as well.

At the point it starts looking easy and you're an idiot for not being in it, it usually ceases to be. :-)

Aside from pointless snide comment, that's logically incompatible with the quoted text btw.

Sounds pretty standard to me. The market adapts on its own, unless it's something super specific I doubt that you talking about it was a factor of the edge's demise.

Melvin should've cut that turd of a trade earlier. Would guess they were in the pray and hope stage.

Padutrader and Brooks; great minds think alike.

Fair point, funds and asset management work very differently.

If I'm allowed to count leverage, then sure, a strategy I've run since November sits at multiples of that adjusted for yearly rate, with minimal DD. Meaningless figures because I seeded it with quite little cash which admittedly fails your criterion. The bigger point is, not a chance that it...

Lots of people new to the market this year and what you're not allowed to do in it. Regulators will take a while to catch up.

My "great marketing" remark was sarcastic in that vein, since the fact I keep hearing about Ark & Cathie means at least that. I doubt ARK has much genuine alpha beyond the current craziness and I suspect their ship is going to follow the high beta market segment down, but we will see the coming...

That's a whole lotta dongs.

The graphs of the ARK ETFs are absolutely amazing, with 2017-2019 performance being practically flat compared to 2020. I've read Ark is benefitting from 'tail wagging the dog' dynamics, where people rush to buy whatever Ark buys. That could explain some of the above coupled with the general...

What does "run out of money" even mean?

All in all out is by far the easiest to analyze. One aspect of scaling is that it essentially splits your strategy into several sub-strategies (although still highly correlated). That can be a crude way to increase your Sharpe/reduce variance. Mostly however, whether scaling is good or bad...

Sounds like the Swedish delicacy 'surströmming'. Opening a can of surströmming without having an explosion that devastates your kitchen with a horrible stench for weeks is always tricky. We used to open them on our lawn.

Yeah I recall. Ethically it compares to a ponzi scheme though, but it does further depend on whether people subscribing are aware of that.

Yeah I've shared that assessment, but haven't followed her closely.

Leveraged ETFs are defined by very simplistic algorithms that perform poorly in a variety of volatile choppy conditions, this is yet another example.