This week is usually a pretty sleepy one on trading desks. You’ve got the B team in place, with the directive to NOT LOSE money. So generally, you’re not going to get wild market swings because no one is really making any bets. Obviously the big news story has been Trump’s talks with Xi at […]
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You know how you think something is one way and it turns out it’s completely different? I’ve been re-reading Thinking, Fast and Slow. How easily people “believe” something when they have very little information fascinates me. Before I went to Wall Street, to learn trading and warrant arbitrage, I thought market makers were probably aloof […]
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Yay Friday! This is an email I sent to Warrant Watchlist members, but posting it here for you guys as well. 5/17/19 I have a rare non-sports weekend for the kids, so I don’t know what to do with myself. My one chore is to have a flat tire replaced. I unbelievably drove the car […]
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My daughter recently started using Poshmark to sell clothes she no longer wears. It’s interesting to watch her figure out the lay of the land in a new market. As with any market, there are positives and negatives. One of the benefits of Poshmark, as with any successful market, is that it brings together a […]
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“Don’t answer the phone, we’re calling in for Dan.” Dan, “Hello? HHHH, who trades HHHH? What the …” I don’t even know how to describe Dan. He was kinda like the mascot of the trading desk I worked on as a market maker. To this day I have no idea what his actual job was. […]
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