throwaway13qf85

9 ms·

31.
by throwaway13qf85 13y ago
I like to think of it as Lawful Evil ;)
32.
by throwaway13qf85 13y ago
I never played Dungeons and Dragons as a kid (born in the early 80s, so a bit too young) but I played a lot of Games Workshop games (Warhammer etc) and I played D&D-based video games (Baldur's Gate etc) heavily. I remember poring o
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by throwaway13qf85 13y ago
Meanwhile, the tailor down the road who decided to take a couple of weeks to learn how to work with red velvet, despite his personal preference for working with silk, has filled ten orders for red velvet jackets already this week, and has a
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by throwaway13qf85 13y ago
"Joe Sixpack" is a terrible name for the average US stock investor. The median number of shares owned by the adult US public is exactly zero. Most people who own (publicly traded) stocks are already wealthy. "Joe Chateau Lafi
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by throwaway13qf85 13y ago
Appropriately, "The requested article is not currently available on this site."
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by throwaway13qf85 13y ago
Front-running[0] is where a stockbroker abuses the relationship they have with a client to place their own order in front of a client's order, because they know that the client's order will move the market, and that subsequently t
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by throwaway13qf85 13y ago
1) It's debatable whether you can call this behaviour "abuse". It's also debatable whether you can call it "front-running". The HFT has an advantage over the rest of the market, which is that they're faste
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by throwaway13qf85 13y ago
You realize that they have to pay people to move that cash around, count it, double check it etc, and then they have to pay to store it and maintain it? People don't work for nothing, and storage doesn't cost nothing.
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by throwaway13qf85 13y ago
That is the entire game of market making. You are literally complaining about market makers doing their jobs. As a market maker, I might sit out there offering to buy 1000 shares of Microsoft at $40.20 and sell 1000 shares at $40.30. The
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by throwaway13qf85 13y ago
Is it possible that it sometimes doesn't have anything to do with moderation at all? Every submission has a big 'flag' button on it. I don't know exactly what that does when clicked, but I assume it tends to make submiss
41.
by throwaway13qf85 13y ago
I do research for a hedge fund, which pulls in $150k-$1m per year depending on how well the fund does. I program in my spare time.
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by throwaway13qf85 13y ago
Presumably you modify the rules to allow lateral shunts though, as per the the 1963 Davison Reformed Numberwang Rule Set (Version 3)?
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by throwaway13qf85 13y ago
When you lose money for two weeks straight, it's nice to be able to figure out if it's a statistical blip, or if there's a fundamental reason that the trade stopped working. If all you have is a statistical correlation, you c
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by throwaway13qf85 13y ago
Any two time series which move broadly in the same direction will be 'correlated' if you compute the correlation on price levels, whether they have any predictive power or not. Correlation on price levels is meaningless, only corr
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by throwaway13qf85 13y ago
They seem to be computing the correlation of price levels (which are completely meaningless) rather than the correlation of price difference or returns. Any two time series which broadly moved up over the same time period will look correlat
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by throwaway13qf85 13y ago
I don't understand why anyone would feel that the "Google Chef" scenario was a problem. By joining a young company, that probably can't pay you a market rate salary and that has a significant chance of failing, you are t
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by throwaway13qf85 13y ago
"PonziDOGE may charge a 5% fee from the general pool for server costs and miscellaneous expenses."
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by throwaway13qf85 13y ago
In this experiment, the employers picked between two candidates, one male and one female. If you pick the male on the basis that men tend to have a higher variance of performance, you will end up with a significant underperformance as much
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by throwaway13qf85 13y ago
I Fucking Love Pictures That Are Sometimes Tangentially Related To Science.
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by throwaway13qf85 13y ago
An increase of 40% in 7 years is about 4.9% per year, which isn't so terrible when you consider (i) that this period includes the largest financial crisis for fifty years (ii) inflation.
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by throwaway13qf85 13y ago
Without any other evidence you can't conclude that this is anything other than a coincidence.
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by throwaway13qf85 13y ago
In both my examples, the options were written out of the money. That means the premium is small (because the option is unlikely to be executed - premium is always largest for at the money options). Whether or not the premium offsets the dif
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by throwaway13qf85 13y ago
If the price moves against you (down if you have written a put, up if you have written a call) then you never get the chance to buy the options back at a profit. You might get a bit of theta decay, but equally any large moves will tend to k
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by throwaway13qf85 13y ago
But you don't own our favorite stock at a discount. If you've written a put on AAPL struck at $450, and it drops to $400, you are forced to buy it at $450 - you end up buying it at a premium ! What's worse, even if you think
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by throwaway13qf85 13y ago
The volatility skew on equities is generally downward sloping as a function of strike (because investors are scared of crashes), meaning that the puts you buy to protect your capital will be more expensive than the calls you are selling to
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by throwaway13qf85 13y ago
What? If you write a put option, and it is executed, then you have to buy the stock for its strike price, which will be above its market price (that's why the put was executed in the first place). You end up buying the stock at a prem
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by throwaway13qf85 13y ago
I don't think it's worth taking this very seriously (I am a full-time trader at a hedge fund). Most of it is technical analysis type stuff, with very little to nothing backing it up. The decent bits of advice that I can filter out
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by throwaway13qf85 13y ago
I recently spoke to a guy who sells swaps for a major investment bank. The basic idea is that he comes up with some trading strategy, and writes the code that computes the profit/loss associated with that strategy if it was executed at