The Search for Paradise …..
Three weeks ago, I was pretty sure my job would be ending soon. I was doing nothing at work. Running some numbers and trying to help by finding a “house” for my boss. So I started “the search”. The search starts with research, so I subscribed to the Yankton (SD) Dakotan and the Sheridan (WY) Times, as local small area papers are generally a good refection of the community.
Yankton looks like it may have recently got “the problem”, but is inexpensive. Sheridan seems expensive but even menial jobs seem to pay 70% more than minimum wage in Chicago (lots of jobs pay minimum in a “sanctuary city”). There are still some other papers I want to check out, the search is not over.
Nobody is really interested in my algo without any of my own money (actually a ton of my own money) because it has “risk”. Yeah, it does, but it also has a huge reward if one side settles in the right range. Plus it multiple legs so the long side actually presents opportunity to roll the dice for a higher payout while taking a reward prior to closing. Liquidating myself to back it wouldn’t be enough, it has issues, nothing illegal though.
So anyways, I find a “house”, and we have moved in. My bosses algo isn’t doing what they thought it should to the degree they predicted …. I had a feeling. But then other issues arise, exchange obligations – confusing SRO regulatory garbage basically. We had no choice but to address these SRO exchange obligations.
So now I am pushing quotes into one of the most liquid trading pits in the world. Doing what I am pretty sure I was meant to do …..
Not in Paradise. In the place where I can do what I can do what I do best ….