Taleb's concept of making an (infrequent) killing with options

[Maverick74]

Quote from nitro:

I bet he did not (does not) do the Indian markets and is kicking himself in the head for not doing it.

nitro

No, but I bet he nailed the Nikkei.

 

[damir00]

Quote from darkhorse:

[Bwhile he may not be playing online chess, he does brag in his book about visiting museums and working out during the trading day[/B]

i'm a parent and an active artist during the day. enforcing discipline isn't the only reason to automate - going mechanical frees up enormous amounts of time to do things more interesting than staring at a ticker for 7 hours.

you'll have trouble finding performance numbers on Taleb because it's a private fund. his clients/business is such that he has no performance-reporting requirement. it's a fair asusmption that most of the time, he's not doing exceptionally well - but since that's the plan so i suppose in a way he's doing well even when he's not doing well.

 

[abogdan]

Quote from Maverick74:

... Refer to a thread I had about 5 to 8 months ago called the perfect option position...

I couldn't find your thread. Could you direct me please.

 

[Virtuoso]

Quote from damir00:

enforcing discipline isn't the only reason to automate

Automation does not enforce discipline... It simply transfers responsibilty, hardly what I would refer to as discipline...

 

[Maverick74]

Quote from abogdan:

Quote from Maverick74:

... Refer to a thread I had about 5 to 8 months ago called the perfect option position...

I couldn't find your thread. Could you direct me please.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=24449&highlight=the+perfect+option+position

 

[darkhorse]

Quote from damir00:

- going mechanical frees up enormous amounts of time to do things more interesting than staring at a ticker for 7 hours.

I agree, though you don't have to be mechanical to enjoy that freedom...

 

[Pabst]

Quote from Virtuoso:

Automation does not enforce discipline... It simply transfers responsibilty, hardly what I would refer to as discipline...

WTF! You're ALWAYS on target JC! Great observation!

 

[damir00]

Quote from Virtuoso:

Automation does not enforce discipline...

of course, you are correct, my statement perhaps leaned too far towards brevity. automation can be a way of helping enforce discipline, but it's neither sufficient nor perfect.

 

[damir00]

Quote from Maverick74:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=24449&highlight=the+perfect+option+position

i'm reading that thread for the first time and it has to be one of the best strategy discussion threads i've ever seen on any (public) forum. the best line in the entire discussion was "there is no such thing as a secret strategy".

 

[Maverick74]

Quote from damir00:

i'm reading that thread for the first time and it has to be one of the best strategy discussion threads i've ever seen on any (public) forum.

Thank you.