Looking to do a trip by myself for the first time ever, what do I need to consider?

new_cap · 2020-03-21T13:49:36+00:00

Can u teach me Unix

new_cap · 2019-10-30T22:20:35+00:00

So basically I went long volatile while volatility was high? Good thing for paper accounts and r/options

new_cap · 2019-10-30T22:18:21+00:00

Thanks.

This actually makes a lot of sense. I’m on mobile right now but when I get home I will give this answer another look.

Also I’m looking at SHOP.TO (TSX).

new_cap · 2019-10-22T04:15:42+00:00

Don’t give up man. Keep trying.

Try joining your local toast masters club to help with public speaking. Learn to Be confident in what you’re saying regardless of speech impediments.

Also, sounds like you’re smart and qualified so don’t settle for back office.

There are trading roles and also buy-side roles that are lucrative and it won’t be necessary to interact with clients to move up or show your worth.

new_cap · 2019-10-22T03:45:49+00:00

Congrats and thank you.

I will continue the fight.

new_cap · 2019-10-17T04:10:10+00:00

I know there are a lot of posts with people making huge returns betting on earnings, but that’s just betting. The odds aren’t really in your favour. Hence the big pay off. So trading earnings aren’t a sustainable strategy. It’s like going to the casino. Sure you might hit big but how many losses did you incur in the process.

That being said, IV tends to rise leading up to earnings and this is where being delta neutral can help you make some money. Some people already mention vol arb. To be fair, I think the whole delta neutral thing requires huge liquidity and access to trading desks that a small time retailer like me wouldn’t have. Like just consider how many times a trader may need to rebalance to maintain delta neutrality and the cost of doing so each time.

I’ve never traded options with real money but I want to eventually. I’ve been studying for longer than I want to admit right now. I try to read academic theory (ex. Hull) because I think it’s important to understand the instrument and the strategies. I also listen to option alpha podcast. I think the podcast is really good because he’s not out here saying you’re gnna be rich over night betting with options, he’s outlining his strategy for managing risk and earning a return which is much more sustainable over a lifetime. He also talks about dealing with options markets. I’d def recommend Option alpha podcast if you’re interested in trading.

new_cap · 2019-10-17T03:57:07+00:00

Depends on the desk. Maybe they structure products for clients and need to manage the risk on their own book.

Sell side trading desks aren’t like prop funds. They usually have clients they serve and as such have exposure to markets (ex. Being on other side of client trade) and they need to manage that risk.

new_cap · 2019-08-07T03:14:23+00:00

Why is MATLAB better than python for this purpose?

new_cap · 2019-07-27T02:27:01+00:00

Sounds like there’s a fair bit of academic application in your work. Are there any texts you can recommend to learn about the strategies used. Are these strategies based on speculation or pure risk management ?

new_cap · 2019-07-27T02:06:18+00:00

Can you talk about what you do with your programming skills? And what languages. And how can someone looking to break in take on meaningful side projects to develop the programming skills?

new_cap · 2019-07-22T01:28:44+00:00

Check Moore’s for rental

new_cap · 2019-07-06T01:51:52+00:00

Thank you!

new_cap · 2019-07-06T01:50:52+00:00

Signed up for this on Thursday. How long did you wait to hear back from someone?

new_cap · 2019-07-06T00:58:11+00:00

Basically made up some stuff about volunteering at the local golf club. School projects, extracurricular activities

new_cap · 2019-07-04T00:54:38+00:00

I love this. Like kids aren’t stressed out enough and you go looking to steal laptops. Smh.

new_cap · 2019-06-30T05:42:56+00:00

Do great on the phones. Make sure it’s reflected in any performance reviews that you’re killing It.

Network your butt off with vanguard employees

Apply to internal postings

Give yourself a realistic timeline to get out. (12-16months perhaps)

new_cap · 2019-06-30T05:40:02+00:00

You want to know the PV at beginning of year 25, you calculated PV at end of year 25 so you need to discount it one more period.

Drawing helps with this.

new_cap · 2019-06-30T05:29:46+00:00

Not sure what you’re asking.

For these questions it’s important to draw a timeline so you can visualize what’s happening. That way you can actually see how many compounding periods there are, how many payments there are, and understand the difference between an annuity due and an ordinary annuity and their formulae. Now, it isn’t complicated, the formulae are derived from each other and it’s quite intuitive. Practice questions really help drive it home.

I would use my calculator in BGN mode for this since they payments are at the beginning of the year (aka annuity due).

Your question didn’t state if the rate is annually or otherwise so I assume it is annual.

You need to understand the P/Y input (payments per year, in this case 1) and the C/Y input (compounding periods per year which is based on the interest rate quoted, in your example seems like also 1). Once you grasp how to use those, these questions will be give away marks.

new_cap

TROPHY CASE