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Yeah I think we do broadly agree. But "none of the liberals and Democrats"?? That may be tad a bit unfair

Race is just one criteria. If a university strives to have high quality athletes represented, this can water down the academic quality. If a university strives to include a more STEM-heavy student body, this is unfair to polymaths and English majors. Life isn't always fair to all....whether...

I do like your principled take on matters. Unlike many on the right, you are not making excuses for priveledged folk committing crimes. Simply applying the same rules toward everyone would send a strong message indeed. Instead of huge tax increases, simply disallow ridiculous loopholes that...

I know this may be a hard pill to swallow, but even motivation and the ability to study for a test are highly influenced by one's background. I've seen children forced to take care of other children because of their parents forced to work all the time (of course one might question why they had...

Success is a multi-staged process whose "next steps" are highly dependent on previous steps. Of course there are twists and turns and setbacks can be fuel for further success, but I think you get what I'm saying. Think of this as more of a boost to the starting line rather than a final medal...

The heart of the matter is compensation for factors surrounding an outcome that may not always appear to be fair to those involved. Since college admissions are already highly subjective, this is yet another set of parameters factored to admissions. I think your approach of explicitly excluding...

This SAT scheme is just like options - how dare they be priced as a function of IV! I want to make my post-earnings returns in AMZN options FAIR and SQUARE. Instead, they're inflated before earnings, punishing hard working speculators such as myself who earned the right to otherwise triple my...

If the loss was an exercise in minimizing losses (like waiting for a rebound and selling as it approaches my purchase price) or executing a stop loss, I celebrate and look for the next trade in a reasonable/rational way. If the loss was a disaster (lost all discipline), I curse myself to hell...

Awesome, glad to meet you as well! I don't know if they're more in number or just more visible and immediately impactful. After all, the silent majority always gets ignored (and often blamed for the bad apples that do exist). The lure of easy money is hard for many to ignore, especially when...

Thanks for the reply, and good to know others feel the same way. Of course there will always be crooks in trading and in business, but I think both have the potential to help and regulate society when done honestly.

Trading gives you immediate feedback that BS institutions or people do not. In that sense, I have been drained of self-illusions and replaced them with an accurate prognosis of my own flaws (which manifest themselves in trading if not corrected). People wonder what value trading brings to...

I only recently started dabbling into selling naked options. First couple went well, but third time was...not a charm. I knew about tail risks in selling options, but didn't expect to get hit so quickly. I sold TLRY options the day before it decided to go from something like 120-->300. My eyes...

Statistically speaking, becoming a trader is a terrible endeavor. So is becoming an athlete, singer, actor, etc. Even within the realm of more typical professions, there is the statistical case for being a service person (such as medical service people known as 'doctors') or middle man (sales...

I've taken on a trading partner who complements my abilities by influencing me to make more measured trades and risk management.

Spot on. I recently blew up an account selling options at the worst possible time- the day before the most massive short-squeeze I've ever seen (TLRY, $130->$300!!). It also added insult to injury (as soulfire said) by coming back down to reality the same weej. I think I learned some valuable...

Lack of focus. It's something that I'm trying to correct by monitoring/analyzing the same securities even when not actively holding a position. Getting distracted and chasing the next hot thing not only causes one to miss new setups in the original security, but dilutes the quality of the new...

Thanks; my post was really a reflection of my own experience in trading. You're probably right in saying that data analysis is the bigger bottleneck for most people, but for me it's been more about fighting the urge to deviate from what I've already found to work. My immediate goal is to allow...

I'd say that finding an edge is all about finding something that is repeatable. That's a layman's way of saying what others may have already suggested, which is finding positive expected value over time. People often confine edge discovery to things like finding optimal chart patterns or...