This Forum overtrades options

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Quote from Crispy:

Sounds like playing the float between savings and checkings account to me.
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Any opportunity we take we try to incorporate as much leverage as we can without going too far. In some cases this means borrowing to increase leverage, even on a credit card or other personal debt instruments. (Don't think I endorse this but apparently whenever you can move money intraday to make more money just to put the money back so it settles and you don't lose interest is gravy).
 
Quote from atticus:

Wollinsky CTA. It's mellifluous.
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Wouldn't it be great if it was Wolinsky Atticus CTA?

:p

No, my first employee was my favorite Math Professor who is a PhD in Topology with Stanford pedigree. He worked on hedging a swaps portfolio with proposals he had prepared for 2 years just for them not to do it, then left.
 
Quote from bwolinsky:

Any opportunity we take we try to incorporate as much leverage as we can without going too far. In some cases this means borrowing to increase leverage, even on a credit card or other personal debt instruments. (Don't think I endorse this but apparently whenever you can move money intraday to make more money just to put the money back so it settles and you don't lose interest is gravy).
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Martinghoul, you get the prize. This guy is definitely engaged in satire. No way any of what he's writing here is even remotely related to the real world.
 
Quote from trefoil:

Martinghoul, you get the prize. This guy is definitely engaged in satire. No way any of what he's writing here is even remotely related to the real world.
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?

So being the top professional market timer and quant on covestor isn't a clue in?

How about when they take me out of incubation? Are you really going to sit here and tell me I'm not a leader for the WCTA? What then?

Still a hoax? WTF. Read everything here, again. Then tell me I'm not saying truthfully if I were deranged enough to lie about all these things, come on! Look me up on the NFA website, then come back and tell me if you think it isn't possible that all I've said here isn't true.


:confused:

Satire? This is as real as it gets. If my mo was to deceive, why would I be legitimately registered as a CTA in Kentucky? Is it far fetched to think there aren't CTA's who would love to be in that position? Apparently what I've got was a special case for them, and I had to make a big 10% up day just to get them to agree to follow me and put my models in the incubation period.
 
Quote from trefoil:

But you take day loans from your credit card to fund your trades.
Words fail me.
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Well, if you don't know why that could be a good thing...yes, I'm sure words fail you. I was saying in jest. It's not like I regularly swipe $20,000 to put into my futures account. LOL!

:D
 
BoWo's Big Night

[Looking uncomfortable under the lights, a portly, goofy-looking guy walks on the stage] "Hi folks, I'm BoWo." [Polite clapping]

"I went to East Western Kentucky Business and Ag College and I'm the world's best trader and system developer" [More clapping and whistles] "And soon I'm going to be a billionaire" [Louder clapping]

"I'm also an option expert and ..." [The whole place is breaking up now, belly laughs and tears, feet stomping...]

"You're a great audience. I'm appearing here until next Thursday..."
 
Quote from trefoil:
Martinghoul, you get the prize. This guy is definitely engaged in satire. No way any of what he's writing here is even remotely related to the real world.
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Seriously, dude, thank you... I was starting to doubt my own sanity.

It just has to be some sort of a grand joke, surely?
 
Quote from bwolinsky:
It stands for World Cup Trading Advisors.

Arbitrage is exactly what my models do. Capital Management is used to allocate positions in real-time according to the opportunity most likely to give us the highest profit. If capital management doesn't make sense to you, then capital management arbitrage and risk management probably doesn't either.

But it will. I think I could win the World Cup Trading Championships this year.
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Yes, I can understand "capital management". But how can you arbitrage "capital management"? I could see "capital management and arbitrage", even though "arbitrage" is an overly abused term that's normally applied indiscriminately to things that aren't, but not the term you use.

I have no doubt that you will be a WCTC champion. I wish you the best of luck, although I am sure you don't need it!
Quote from bwolinsky:
No, my first employee was my favorite Math Professor who is a PhD in Topology with Stanford pedigree. He worked on hedging a swaps portfolio with proposals he had prepared for 2 years just for them not to do it, then left.
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What does "with Stanford pedigree" mean?

And how the heck do you work on hedging a swaps portfolio for 2 friggin' years? Speaking from first-hand personal experience, if all I had was Excel and started from scratch, it would take me a couple of days to figure out how to hedge a swap portfolio with any number of line items. How in god's name can you spend 2 years working on hedging a book of swaps? In 2 years, the risk you're supposed to be hedging will be completely different.

Come on, mate, you can't just use random finance terminology like this. This isn't the sort of behaviour that befits a WCTC Champion.
 
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