Every sterile strategy taught to you by an "expert' has a high-dimensional, heuristic counterpart owned by you since birth.
Your potential isn't earned, it's uncovered.
This tweet is EXACTLY why I am speaking so frequently and openly. I am sympathetic to the distress many feel and want to help. But first you have to help yourself. Free commissions via order flow sale OPTIONS? C'mon... YOU were the product. Had to end badly.
LEH lost 100% in days.
GME rose 850% in days.
Neither of these should be shocking; stocks are fat tailed. The essence of fat tails is that there's never enough data to confirm the fatness. The possible skew is unknown.
...if there were ever any question as to why I'm long vol.
BTC and crypto mean nothing if all your "food" is made by Bill Gates, all the materials to build your house are shipped from China, all your water is purchased from pepsi co
Don't wait for BTC to mature to localize your dependencies and get off the teet of Big Corp
We live in a world where a random youtuber in the midwest can teach a concept to students better than an Ivy league professor.
Don't let hierarchy and status cloud your judgement when assessing skill. It's a subconscious misconception we all have, especially in this business.
You'll learn more about business from a science textbook than you will from the business section.
Get to know the properties of real-world systems, not the stories told by survivors.
New pod tomorrow w/@bennpeifert from QVR Advisors!
Topics:
⚓ Volatility Arbitrage
⚓ Trading Strategies Using The VIX
⚓ European dividend futures
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