Easy, saluting equal rights and privileges is what we should aspire to. In the meantime I rather block/ignore individuals who get on my nerve than worship a mentally unstable despot (not referring to des in particular).
For the very very few who are truly successful,with the exception of the OG's on "Elite Traders",it takes years.And why wouldnt it?? No/Low barrier to entry does not equate to overnight success,if anything it allows one to play at the "big chip" table from day one amd learn the hard way..Assuming they can learn and eliminate natural tendencies and inherent weaknesses. Pure stock/Futures trading doesnt require a college degree,but like everything else it requires inspiration, a ton of perspiration and ton of getting knocked down,getting up and not getting caught by the same punch. Simple answer, apx 5 years for the 1 percent of traders who beat the market
Reread what you posted. Complete nonsense without any proof. So you ARE an idiot. Here is what you posted: Is he a Nigerian? Can you proof that? What's the relevance? Did he call you or do you think he called you? What's the relevance? Did he wanted to sell you a Bridge? What's the relevance? Did he ask cash in advance? What's the relevance? All these things show the level of your discussions. What's the value of what you posted. ZERO. It is just a denigrate way of posting nonsense with no link at all to reality. That's not a discussion, that's just a brainless idiot telling nonsense.
High school math, two years tops and if you have a good family member mentor, even less. Of course, some people pretend it is complex and all that but at the end of the day, you only need to learn a couple of strategies and when to get in/out and risk management. All that our boy talks about can be explained in simple terms easily. you don’t have to agree but I know for a fact. All the best in your trading.
I await your thread where you teach people opshuns in simple terms. I'm eager for you to explain skew.
Even market makers in derivatives are spanked quite frequently. The frequent broker arb opportunities that presented themselves when I traded prop at a bank group was ridiculous. Most counterparts at tier 1 and Tier 2 banks had no clue where implieds were after market open, especially during higher vol regimes (referring to OTC, not listed) . That includes the interdealer market. Consensus is found through sharing specific levels of commitment, and that is generally a close held secret as it exposes intent and direction. A conflict, as you need to print otherwise you get heat from the sales guys but on the other hand won't make money if you exposed to much of your lineup. On the other hand taking advantage of broker arbs too frequently would be a career killer as it would damage relationships.
Here is what I know from working at several Investment banks,starting in the order room and finding my way to Head trader of Equity derivatives at 2 major IB's...Along the way,I traded on the exchanges and had guys work for me. Even with bid ask edge and 2 sided flow,its no simple task to make money consistently with out putting the time and work in. Most guys blow up/spanked hard at least once along the way if they arent market making.Count me as one of them on more than one occasion If you can knock the cover off the ball consistently with only 2 years experience,you are a natural born killer...And there are a handful of them,and I am pretty sure you arent one of them,just by the way you "view" trading. It appears you are a stock day trader in a Vol thread.Not sure why,but good luck trading vol with max experience of 2 years... I dont know Des,I do know he speaks in a manner/terms I have never heard in 20 years on trading desks,with quants and true rocket scientists,but what you dont get is you are way out of your element in a Vol thread. Not an insult,but "you dont know what you dont know",and you over rate the little you do know. But you may be that Unicorn
HS math so it should be easy to derive. And yeah, it's a significant, persistent arb. Risk on so the bear tail is not convex. Hit me up in PM for full personal details on Euro-friend @virtusa. Holy sht. Edit: It's two COB orders traded on Friday. Tail risk is flat from SPX 0 to shown.