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Actually, no, this post is excellent, it's exactly WRONG. Backwards. It be easily demonstrated even with Excel (maybe even BoWo could try instead of making useless sheets that show how he can pyramid his system) that longer-term (weekly - monthly) returns are significantly less leptokurtic...

Rodney, Bowo is showing his true colors which is he is a very small fish in a very small pond... and trying very hard to sound smart but he is up against the limitations of his education and experience. Since he thinks he knows everything (had billed himself as the "best system developer in...

...sigh... WTF is going on in this thread? did you learn NOTHING beau?

1. Ok... if you have bitched about HFTs or algos or Goldman Sachs stealing your money in the last 6 months, raise your hand. 2. Now, pay attention because this is the important part. If you make consistent money trading... let's say pretty much every week or every month... keep your hand...

if you do not realize that these two positions are synthetically equivalent, you're missing an important piece of how options traders think. There is a world of difference between how experienced options traders and retail guys think. There is a reason that floor traders can go home with...

Hi Bob, Love this thread, but this piece of info is not true. In almost all cases, being short a put is exactly equivalent to a covered call. No doubt and no questions possible.

Wow... I leave for a couple days and look what happens? At least it's a little vindication because there was both hostility and profanity that I was not responsible for. Just... wow. :) (anyway, welcome back TSGannGalt!) To answer the question let me say first of all I have read the...

Vertical would be better, with one leg in the money even. You're looking for lower vega because there IS an implied vol collapse after the report (on average). Backspreads will consistently take losses from that ivol collapse. You will have to be really good picking the ones that are going...

Really doesn't strike me (lol) as an appropriate strategy for two reasons: 1. It is directional. 2. Much more important: how well do you guys know what usually happens to ivol around earnings? Backspreads are extremely high vega so you have a lot of sensitivity to ivol, which makes this...

thanks. semi-vacation this month. august and end of year tend to be hard trading for me so i try to actually get out of the office a bit. as for list of personality traits, this is something i have given a lot of though. the key personality trait for traders (imo) i'm convinced is the very...

Well he can probably ignore the 150 or so where i just bashed that BoWo kid repeatedly lol. :) Thanks for the kind words Mike.

Dave, It makes you look very arrogant (and more than a little stupid) for you to have come into a forum and posted something like you did below. if you really think that, why waste your time on worthless sites about a worthless pursuit? If you don't believe what you posted, what was the...

Wow. How do I pay rent on my office and salaries then? I guess I have been very lucky for tens of thousands of trades for over 10 years. Lucky me, huh? And some of the people who have worked with me continue to be lucky just like I was... good thing luck can rub off on someone else too, huh...

There are people who are better equipped to trade than others, and I would say that most people do not have the skills to trade well. I do not believe that ANYONE can learn to trade, and frankly most of the people that could learn to trade probably shouldn't. Having said that, I have...

If you're a professional you act like a professional=come into work the next day. QUOTE]Quote from jinxu: Simple question. How do you get over a big losing day?

Absolute bullshit. Completely untrue. I know quite a few people who trade for a living, and not a one was profitable from day one.

I realized that I had all the knowledge I needed and getting more knowledge was not the answer. With that off the table, I was left to figure out what the problem was, which was that my own behavior was inconsistent. Then I set myself to basically becoming a (discretionary) robot and just...

The chances for anyone getting a job in trading are not good, but it can be done. Bigger institutions are more likely to focus on the degree from an "elite university", but you may find you are happier somewhere else anyway. FWIW, here is my advice: -Learn EVERYTHING you can about the job...

I am afraid BoWo hasn't seen fit to grace us with his attention in this thread. Very sad... Actually, I was thinking. Now that you posted his updated performance stats, the title of this thread actually IS true! :)

Watching with some interest. :) FWIW, I don't think anyone can be taught to trade. I have taught people from diverse backgrounds (you wouldn't believe how diverse), and I do think it's fair to say that what people think are important qualities and traits may not be... but stubbornness and...