The Politics Of Bad Trading

destriero

destriero

Guy (paper-trading) risks 30% in one issue (VMC). Offers fills that aren't marketable, mids that are a day old, and cannot discern the difference between "last trade" and NBBO.

The following TWTR trade illustrates the point. The 1.37 is last trade (trade was lower) and the NBBO is 1.39x1.40 which would assume that a paper buy is done at the offer.

But the guy thinks that it's 1.37x1.39 so provides a fill that he thinks is at the offer and therefore marketable.

Is this TrumpMath? Are all Trumpers this brilliant?



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He use paper and pencil to make good accounting. Calcoolater hard to fine and cost much. Is this endemic in the Trumper-population? The inability to master arithmetic? OR is this BEYOND MASTERY?


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The masterwork of this specific Trumper. Once you get past the mute (sic) point is the precision and mastery of his quant-work. Yes, we'll enter the IV and the days to expiration to arrive at a price on which to cover the option within the NBBO spread!

WTF hadn't I figured that out?! Well, because I didn't vote for Trump!


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Slartibartfast said:
Yes. Dunning-Kruger effect got them to a trading site, politics thread was the next step.
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You would think that somewhere, along the line, they would have encountered grammar school. I've seen the population data--West Virginia and Mississippi cannot account for this. The density is insufficient and their FICOs are too low.
 
$600B in lost Federal revenue in the first two years (projected) due to the Trump tax cuts. Congress to use the tax shortfall to enact the Byrd Rule and Draconian* cuts to SS and Medicare. So you Methuselah fucks from the dirt-belt are going to be choking on a hill of dicks!

It worked so well under Reagan, Bush and with Brownback in Kansas, right? The Laffer Curve so aptly named.

The irony? None of these losers will see a dime of the tax cuts because 1) not wage earners and not top tax bracket and 2), highly dependent on SS and SSI income.

(vanzandt, *Draco is not a Star Trek character).
 
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