actually, the jackass is the one who actually believed the guy who told him that he made money every single day and was down only 4 times a year in trading. like.... hello! anything in there?
Hey dude, do you want to give me a call and we'll settle this privately or are you too big of a chicken shit to deal with voice contact? I worked with the guy for two years. Nobody told me his p&l, I saw his p&l. I sat two feet to his right. Look, you and I have some issues. Let's air them out over the phone and not on this thread. This is actually a pretty decent thread. One of the few on ET and every time you post, you ruin it. So let's clean up the thread and you can trash talk to me all you want over the phone. I bet you will never call though. Just another fraud.
deal with what? i think you should stick to die probability theory and leave duck tales out of your posts. your stories are straight from the bar room, except no one's drinking here. SOLD!!!!
Yeah, I agree it's not for this thread. The name vaguely rings a bell somewhere, but I don't care if Mav dated his sister. I don't see how relaying the story relates to hubris on Mav's part. I don't see the point to shittin' on the lawn here.
Here's a link to that article on Wassrerman. BTW, to the rest of the people on this board, I apologize that this thread goes off on a tangent sometimes. I think this Anseld guy needs to be put in his place. I should be dealing with this character or PM or phone. I'm just going to post this link and leave it at that. http://www.realworldtrading.com/index.cfm?section=interviews&id=17
Sorry risk, I'm not going to let this guy piss all over one of the best traders I know. I'll PM him my phone number and we'll see if this guy calls me. You want to give me odds on whether or not he will call. LOL.
you're touting someone who used to be at worldco? lol, now you're really really killing me! hey mav, why don't *you* pm me if you think you and i have an issue. my only issue is some guy posting duck tales and just not making any sense of reality. what you posted was freaking ridiculous!!!! no directional trader is making money every single day and losing only four times a year in trading. if you believe that, then hey, you see that bridge over there? lol
Anseld, at the time I was there, yes, he made money every day. I don't know how he is doing today. I'm sure he is doing well. I PMed you my phone number. Feel free to call me.
This may not be the case. Even under assumption future volatility is known (which it isnât) and the assumptions the option pricing model is using are correct (distribution, etc) it may be still plenty of cases where option does not have its fair value. The reason is that not everybody entering option market has same motivation â profit. There are plenty of participants that use option for hedging risk thus reducing the volatility of their portfolio performance. These people are making direction risk with underlying should be in the future, but using options for insurance purposes ( say because their clients do not tolerate large drawdown) . They should be willing to pay some premium to the speculators. So, if for example buying puts is used primarily for hedging, then selling it should give you an edge. This edge is probably not very big, in fact due to the huge bid/ask spread it may not exist.