With the greatest respect Prof. Banks to your esteemed career that is very impressive, there is a huge void between the academic side of the market, and the traded side of the market. Those who can, trade. Those who do not, write. There are some who do both, and they tend to be the ones whose trading is simple, and writing is clear. Academics and trading do not mix, and as can be seen in the initial comment to the article, the academic view is sometimes held on a lofty perch. This ‘aint Grandpa’s market, as some would say.
Thanks Brandon, agreed. Trading options and futures is easy, planning the potential, limiting exposure, and capping expectancy is the hard part for most. So, we will stick to our 30 years of trade desk knowledge, that has stood us in good stead, and do the hard part; planning the trade. This is not a complicated market, the expectancy of those not educated in the arena they trade is what makes it complicated.
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