You talk about the past when you don't have a future. It's an old hockey trick...
Congrats on the milestone. You set a goal and achieved it. That is the important point here.
For the back spreads, are you doing it for breakeven or a small debit? Are you looking at selling the 7-10 delta and buying two of the 3-5 delta...
Makes sense - thanks for your help.
I'm not sure I understand? So you'd rather short equities outright to get short deltas?
Thanks for the input on this. It's good to have somewhere to bounce ideas off of. I think you are spot on on saying that if a change in vega /...
You nailed the big problem with any long vol strategy perfectly, which is the cost of carry. I have no clue (no one does) when vol will expand...
Just as a note, the above calculation is a back of the napkin and isn't exactly precise - you'll want to use the actual value of the SPX to...
I've been able to work through an answer to my question. So I'm thinking about vega now as basically deltas. If you look at the /ES and /VX...
I guess that seems to suggest where people's heads are at. So in just thinking about my long theta portfolio and possible risks, the two that...
The only probably I see is that you end up getting long vol when vol is expensive and the bet you are making (short delta on VXX aka short vol)...
It's pretty clear that he got himself one of those shiny new fancy pants indicators over at Big Mike's... In all seriousness, the three auditing...
Bone, have you experimented with adding onto positions after it moves favorably in your direction? I've found that this can really help returns...
GAT, your book's chapter on system speed really transformed how I look and think about my own trading, and to be honest, I'm still trying to...
I'm not saying that day trading isn't profitable, it can be very profitable. But when you look at the risk you have to assume, it's higher than a...
I don't think this is true on a risk adjusted basis.
Simply looking at the speed of swing trading versus day trading (day trading encompasses multiple round turns a day which greatly increases costs...
Why are they doing this?
A bunch of small successes that outweigh the small losses over the long run.
Genius is 1% inspiration, 9% perspiration, and 90% marketing.
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