Where to meet high-IQ traders and investors?

Real Money said:
I love how hard it is. Maybe that's my favorite thing about it. Some people need to be challenged in life. Actually, I recently found the secret that I must have been looking for longer than I can even remember. I am just kind of stunned now. Almost like I can't really believe its true. I guess that's normal though. This has become my life's work.
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The brain has the powerful ability to create answers to our continual questioning.
 
Real Money said:
Yea, good traders don't waste time on BS, and they teach themselves how to sniff it out. Most of these guys would fail a simple quiz on basic financial concepts. It's challenging. Honestly, I'm looking for the same thing as you. But, not sure what to do about it. The guys on these forums that obviously know their stuff are so few and far between. But, it really helped me when I got stuck and needed some 'next level' type of hints/suggestions. For me it was learning

1) Cross Hedging
2) Capital Efficient Strategies
3) Actual useful fundamental analysis
4) Being sure that you know which stuff is a dead end
5) Knowing ALL of the basics of trading
6) Math/Stats and programming ability

Most people are not at this level and when they can't speak intelligently about these topics it's a dead giveaway.
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1) Cross Hedging
2) Capital Efficient Strategies

can you give some sources on these please? or what do you mean? capital efficient as in kelly, diversifying accross markets, diversifying strategies etc.? or something more advance. I agree with you btw. Acrary has helped me massively
 
Go work in a hedge fund. Your colleagues will have same interest , same Calibre as you wanted.

Low Calibre will get kicked out, so you won't have problem talking to low Calibre trader.

Oh well.
 
yes , a few months back i wrote a post about having a stock anomaly theory that works a high percentage of the time and most responses were negative and closed minded..considering most posts and conversations on here wont help you make a dime in the stock market i dont understand the mindset?
 
none4425 said:
can you give some sources on these please? or what do you mean? capital efficient as in kelly, diversifying accross markets, diversifying strategies etc.?
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Cross hedging is just using related futures to trade long and short at the same time.

You can buy one NQ and sell two ES. Then wait for market to move up or down. When it does close the profitable contracts and let the other contract roll down so that you made money on both directions. Easy way to make more profits.

Another example would be like buy FDAX and sell Eurostoxx 50.

This is also called spreading indexes or spread trading.

Capital efficient means that you can use more leverage with less margin. Good traders know how to use leverage to take advantage of market opportunity.

If you have $100,000 and you want to make big (index) trades you can take advantage of SPAN margin using the CME exchange rules.

If you just try to trade the biggest ES position you can, you can trade something like 18 lot with this much money (at conservative broker).

But, SPAN margin gives margin offset so calculates margin on all positions. If you have a position say

Short 15 NQ, this is $2,367,885 which is super leverage.

But, keeping that position on you could execute a 26 lot ES trade long (this is almost $4,000,000) because the first 12 lots will just reduce your margin.

Think about it, with these two trades I am using something like $6,000,000

This is an extreme example but you see how you can trade bigger if you do this kind of thing.

These are professional techniques.
 
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