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It's nice to see when someone talk about poker with me because to me, poker is another strategy game just like what you need to do in trading, you have to plan before you execute. Even professional poker player such as Lex, Jeff Gross, Daniel Negreanu, or Doug Polk sell stakes, right? Otherwise...

Thanks for the info. I'll try to google some info about it.

As I mentioned in my previous post, you seem like one of them who couldn't understand title/subject and comment something that pretty much irrelevant. Don't you feel yourself childish doing something that you don't even know the actual purpose/intention? Or you trying to tag someone before...

Today is weekend and let's not discuss about trading or funding, let's discuss something about human behavior/mindset. Of course all these are just my very own personal view. My subject/title apparently I believe are pretty easy to understand but I find it's quite funny for someone to get...

Sorry, no idea what company was that.

I have daily statement, but these figures are based on monthly with 5% Risk-Free. Sharpe Ratio: 0.557734075 Std Dev : 0.022232818 Average: 0.0124 Sortino Ratio: 2.77773519 Downside Risk: 0.004104063

You're an intelligent person. Whole idea on alpha is similar to when we hedge certain notes. If you can replicate and dynamic hedge in vanilla universe, this means you can use the swap idea in exchanges market.

Not sure and haven't heard about it before. Which city the based in China?

I have run it live on Crude Oil, Brent Crude, Natural Gas and Germany Dax so far.

Sorry, didn't notice you edited. Yes, I remember I mentioned earlier post that volatility are extremely important for this approach. For your info, not all market works. I tested on Hang Seng, DJIA, and Nikkei before. It just couldn't work out. I still trying to figure where has gone wrong.

The more you post, the more you expose yourself as a BS person. I already thank you and appreciate your fortune telling advise. That's enough, isn't it? Don't waste your valuable time and mine as well.

When someone doesn't want to reply you much, this means that your post aren't gaining any interest to him anymore. I don't like wasting time with those who know fortune telling and acting they are the smartest. I have seen so many of them and please stop wasting your time here. I can answer your...

I'm sorry, my mistake. But I heard that people can static hedge by using Barrier and Digital, but actually I have no idea how that works. You have any idea? I forgot where I skimmed on some paper but didn't do much research about it.

In issuer point of view, no no. If it can be done with vanilla markets, why don't issuer just hedge with vanilla market? No matter how you replicate using vanilla, it won't works. I can assured you this.

It is totally different. As an investor point of view, CC cannot pay you much and wouldn't give you any downside protection. For example on Phoenix Autocallable Notes, it can quote you 2% monthly coupon equivalent to 24% PA, you won't get this price no matter how you trade with exchanges...

No problem. Nope and you can't fully replicate using the common exchanges vanilla options if you are the issuer. Even pricing and evaluating need modelling to do so. You have certain observation date and terms for Knock In and Knock Out. Some coupon might pay up to 2.5% monthly depends on...

Really? China are crazy now for buyer on Phoenix Autocallable. Just noticed that. https://www.bloomberg.com/news/articles/2018-12-18/natixis-suffers-114-million-revenue-hit-from-asia-trading-hedge No surprise. Korea are the power house of notes and options.

Really? They are issuer or buyer? PS: Don't ask me why I don't sleep now. I am watching Cruft 2019 Live.

Sorry, I don't really get your question. Do you mean I buy a notes? If that's the question, I don't buy notes and I don't have any autocallable positions. What I mean is my hedging techniques are similar to hedging a notes but in higher frequencies, which means I am the side of issuer instead of...

I don't really understand traderjo question. I thought he knows what an AutoCallable are. Yeah, it's hard to replicate using vanilla and required modelling. If static hedge, some people will replicate by using both Barrier and Digital.