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so, why do you ask when your name is optionPRO? ;) j/k. Read up on dynamic hedging. Delta, gamma, theta, etc.

science_trader, I agreed with everything you said in principle! I've been there, done that. Did the corporate thing. Quit. Did the trading thing. Now doing something else. But in PRACTICE, it's quite different. People go into trading because of freedom(same as what I thought). But what is...

skalpz, I appreciate and admire your enthusiasm. But that kind of compounding is astronomically difficult. I lost how many doubling that is. Anyhow. And your last line "Try that by working at Jack-In-The-Box." is not a very valid comparison. Why would you compare trading to a minimum wage...

ozzy, that's a good point. There are PLENTY of other types of jobs that would pay at least $50K and possibly even more with very little experience and virtually no risk at all(in terms of blowing up, dwindling down your account, stres, or whatever). For a vast majority of retail traders...

This is extremely scary. The truth, no matter how painful it is, is that most retail traders are undercapitalized. Even in the remote chance that they might actually be good and have a valid edge, it's next to impossible to make a living on $10K account or even on a $25K. I'm not saying it's not...

Yes and no. Yes, having less emotional attachment can make you more rational and patient while taking calculated risk rather than joyride or blind risk. But I do NOT think Livermore was that type of trader. He was TOTALLY EMOTIONAL! He BLEW UP like 2 or 3 times! Blowups are usually a result...

I was trading at one of Assent's offices in NYC. I like to get my deposit back. I've made calls and emails and no replies. I no longer live in NYC. It's been over a year now. What to do? This is borderline illegal. Wtf?! misctrader

No.

Maybe. I don't think it's totally the union's fault. Yes, they are a burden. But a lot of countries have unions and their companies do OK to fairly well. Reducing obligations to unions is one thing. But the REAL BOTTOMLINE is that GM and F gotta start making better cars that people want to buy...

Prop traders have different "risk profile" than fund managers and CTAs. CTAs and hfs are pool of capital from investors wanting a return on their investment. Whereas at most i-bank prop traders are surprisely closer to what most people on this board know as "prop firms" a la Echo, Bright...

trade-ya1, That's right. This got me started thinking... So, what one need to figure out is as follows: 1) The interest rate differential between now and 2 years down the road. This difference could be positive or negative depending on the direction of rates. 2) The cost/savings of...

WHOA! Was that short squeeze or what? Zn keep on truckin' ...

Yeah, the popular press doesn't know jack.

Home sales soar to record http://money.cnn.com/2005/05/24/news/economy/homesales/index.htm?cnn=yes

http://www.nytimes.com/2005/05/22/business/yourmoney/22money.html By NINA MUNK Published: May 22, 2005 HEDGE fund managers once had nerves of steel. In the 1980's and 1990's, men like George Soros, Julian H. Robertson Jr. and Michael H. Steinhardt made huge, daring bets on foreign...

I said that here on ET too. Just b/c he's Richard Russell people listen to him. http://elitetrader.com/vb/showthread.php?s=&postid=752643#post752643 But for the little people like us, we ain't seen no deflation YET. Everything is high. RE, health care, gasoline(even after the recent...

Continued page 2... ==================== Across the bay in Miami, where developers are snatching up land in scruffy neighborhoods being reinvented as arts districts, the parties have a funkier vibe. Cynergi held a launch party in April with a drag queen D.J., macaroni and cheese, inflatable...

Launch parties? This must be the top... I remember those launch parties during the dotcom era... =================== Salsa Dancers and Stunt Men? Must Be a Miami Condo Project By ABBY GOODNOUGH Published: May 23, 2005 MIAMI, May 22 - In the last month alone, you could salsa with...

Salsa Dancers and Stunt Men? Must Be a Miami Condo Project

The philosophical question to ask is this the death of trend following methodology/system/techniques/whatever you call it(it does NOT have to be a mechanical sytem to be call trend following. ) If too many people are doing trend following then it's the end. Or is the market just "bad" in...