study group for options trading
Count me out.
Count me out.
Closed study group for options trading
- Thread starter Aquarians
- Start date
- Status
@Aquarians ... forgive me, I'm either too stupid or too old to understand 'in short form' the purpose or basis of your OP?
what is it that you want to study, in two lines or less?
could it be that you are doing a research project in preparation for a dissertation, or maybe you are you writing a paper?
I don't know what video games are all about, why folks play them, I have never played one, have seen though walking around the mall years ago they had video game arcades, yet, what has that got to do with "options trading"?
are you presently trading options, if so what is your success rate?
are you looking for folks to give you tips or ideas on specific options, trading, option picks?
what is it that you want to study, in two lines or less?
could it be that you are doing a research project in preparation for a dissertation, or maybe you are you writing a paper?
I don't know what video games are all about, why folks play them, I have never played one, have seen though walking around the mall years ago they had video game arcades, yet, what has that got to do with "options trading"?
are you presently trading options, if so what is your success rate?
are you looking for folks to give you tips or ideas on specific options, trading, option picks?
@Aqauarians, slightly off topic like video games, if its high probability success bets, consider an alternative such as sports betting.
with corona virus most all sports venues are shut down other than certain sports in certain countries.
with odds on games that have better than 2.20 on a win/lose bet, how could it fail?
the only games that have a win - lose (no draw) is Basketball & Baseball, close second is Hockey other than a shoot out.
Like stocks & options trading I spent some time looking around 'sports betting' sites, no not actually placing bets - just research information.
the odds table on Basketball & Baseball is in balance, hockey is as close to even bets on a win-lose, just need to factor in the draw that comes from a shootout.
take a look at the games & results of the Russia Hockey games
https://www.oddsportal.com/hockey/russia/comet-division-short-hockey/
with corona virus most all sports venues are shut down other than certain sports in certain countries.
with odds on games that have better than 2.20 on a win/lose bet, how could it fail?
the only games that have a win - lose (no draw) is Basketball & Baseball, close second is Hockey other than a shoot out.
Like stocks & options trading I spent some time looking around 'sports betting' sites, no not actually placing bets - just research information.
the odds table on Basketball & Baseball is in balance, hockey is as close to even bets on a win-lose, just need to factor in the draw that comes from a shootout.
take a look at the games & results of the Russia Hockey games
https://www.oddsportal.com/hockey/russia/comet-division-short-hockey/
>> are you looking for folks to give you tips or ideas on specific options, trading, option picks?
I worked 10 years for a hedge fund capitalized at $1,000,000,000. I was the quant developer of the options market making team in Korea and Japan in the early 2000s, back when 50us of latency weren't geological age yet there. Most trades were steady income but I saw $300k made in Korea from an idiot who reversed strike with spot price when he placed the order. That was after the legendary =~ $2B loss of the same kind in Japan.
Problem's the guys had no other quants, they invested exactly zero in research before the financial crysis of 2008 and if they didn't do that when they were in the black would you expect them to do this when they got red?
I tried to do that, research on my own, but with maximum IQ level around being cretine developer who saw any reference to S (integral) as an existential threat to their life - there was only as much as I could do so eventually I quit. Still do research by my own.
>> are you looking for folks to give you tips or ideas on specific options, trading, option picks?
No. I know what making money systematically and professionally means and I don't have such a thing. Nor do 99% of the braggers on Elite Trader. Nor did the $1,000,000,000 fund I worked for. Not after the financial crysis of 2008, not anymore, and they didn't invest in research when they were in the black, how could they have done it in the red?
And finding those startegies is NOT a walk in the park. It's costly research and most stuff doesn't pan out. Few hedge funds pay for research (btw my employer, even though they were swimming in capital, DIDN'T! those money were for safe bets not for hazardous adventures
). Those who pay, by necessity have to be choosy about who they hire because competition is like 1000 wannabe researchers for 1 lousy job. I posted a thread here on ET about a meltdown / epiphany I had when I was applying on LinkedIn and noticed a job that was posted 12 hours before already had 1047 applicants. I decided that being the 1048'th is not the way to go: I would have had better chances storming the front at Somme in WW1 than competing in the rat race of quant researcher competition.BTW, my former teamleader from the hedge fund had a joke about hiring in finance. Guys need to be smart, skilled, professional etc etc. But luck is such an important factor in this business that if you don't acknowledge and optimize for it you're a moron and should be fired. So apart from smart, bla blah, whoever you hire must NOT be unlucky, or else you're also screwed. Problem is how do you screen out for unlucky bastards? Well he devised a bulletproof method. Take the CVs of the 1048 applicants you received, print them on paper, shuffle them, cut the pile and throw half to the garbage bin. Voila, you got rid of the unlucky ones!
Research is nasty and people are nasty. By my posts on Wilmott and it's 100,000 fuckers and no replies whatsoever, I get the feeling they're the same nasty crowd I saw at math competitions - if you were dying of thirst in a ditch in the desert and they passed by in a Hummer, tank full and stocked with water cans, they wouldn't even piss in your throat let alone help you with a mouth weight of water.
If I'm gonna carry on, it'll be in a company of hobbysts / amateurs.
I get what you're saying. My older brother who's a high school teacher and actually taught me the math needed to win the university admission exam (10 well prepared guys on one place), is sort of addicted to sports gambling.
Maybe some day I'll join forces with him but not yet.
True fact - before electronic trading the commodities exchange hired 'traders' AKA 'pit bulls', these were individuals, most of whom had grade school education, few if any with college degrees. These guys could earn themselves tens of thousands of dollars a day.
From my stance - a university education, graduate degree, finance, or securities courses/license is not a pre-requisite to be a success in equities, options or commodities trading.
compare to sports betting, no different
I'll leave this thread
Last edited:
>> are you looking for folks to give you tips or ideas on specific options, trading, option picks?
I'm state apparatus. (are you looking for folks to give you tips or ideas on specific options, trading, option picks is) True in a country smaller than Lousiana and a confederation smaller than Texas, though we include Serbja and possibly Albanja.
Tell that to my troopers next time you meet them in the field.
I'm state apparatus. (are you looking for folks to give you tips or ideas on specific options, trading, option picks is) True in a country smaller than Lousiana and a confederation smaller than Texas, though we include Serbja and possibly Albanja.
Tell that to my troopers next time you meet them in the field.
>> compare to sports betting, no different
Have I said that?
Next time you visit us we give you not 1 but 2. No, 5 empty bullet chambers to put on yer head as a dumb trader.
Choice is yers. Join us or walk away? No consequences (except maybe world dying, children starving, but that's far in the future).
Dude, you took such care in your first couple posts that I mistook you for a native English speaker, so I felt your misunderstanding of "pretentious" was fair game. My poor Spanish and German, and even worse Japanese and Cantonese, will never rise to your English.... respect to you.
I don't know how to stayed 10 yrs as a quant and didn't trade your own account. And unless you've had a major change in your life outlook, I predict your options association will fizzle out; that is, people want action, not talk. :-/
I don't know how to stayed 10 yrs as a quant and didn't trade your own account. And unless you've had a major change in your life outlook, I predict your options association will fizzle out; that is, people want action, not talk. :-/
- Status