Apr

20

It little profits

April 20, 2023 |

the greatest imperative for disaster is excessive vig. e.g. trying for a little profit during the day. the other day there were 60 bonds offered at 1 tick above the last, e.g., 129 03 bid 60 offered at 12904. i bought 50 at market and i got filled at 129 05. tell me this is fair.

more important than the unfairness of this all: how in the name of the Bad One can you hope to make profits going for a few ticks in bonds or 1 1/2 in S&P. when I am interviewed, the interviewer is likely to say, "of course the way to go is to make small profits when available." i always say that's a certain disaster. impossible. tell me how it's possible to make money in the zero-day expiry options. I wish to learn.

old faithful reminds me of the venerable and sapient Alan Millhone. I wish I was as wise as he. I don't know what the certain disaster in chess is. But in checkers it's going for a shot. I never played with a good player who succumbed to a shot, i.e., a 4 for 3 or some such.

guaranteed to happen: the chat ai recommends quick scalping as the key to riches.

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