Recent content by drm7

Most futures calendar spreads behave similarly to the underlying (in terms of trending vs. mean reversion - the spread could move opposite the underlying however). Spread traders looking for mean-reverting trades generally construct butterfly or double-butterfly spreads. However, transaction...

TradingView has a pretty good paper trading system.

If you want to pay $$$, just go with TT Autospreader. The algo language is a little weird (you build these flowcharts), but Autospreader is pro-level stuff. I don't think it takes IB's data though. CQG has a similar product too.

No, lolololol

2% Guaranteed rate in Euros is high. Even high grade corporate bonds yield less than that (a lot less for short-term bonds.)

There is a trader who took Minervini's ideas and modified them to suit his needs and made a ton of money trading them. He has a Twitch channel and also posts some of his streams to YouTube. His track record is real, although I'm not sure how well he would perform in a bear market...

Equal weight = higher exposure to smaller and less liquid/more volatile companies. 25% of XLF is big boring Berkshire Hathaway and big boring JP Morgan. Also, KBE is not as diversified as XLF (banks vs. all financials).

This is one of the few true "prop shops" that pay salaries. Take a look at the 52 job postings and see if you qualify. This should give you a feel for who they recruit. https://www.jumptrading.com/jobs.html

Unless your PhD is in math or physics (or you are a newly graduated 22 year old from Ivy League in a STEM degree), the chances that you will get a salaried position at a prop trading firm is somewhere close to zero.

I just remembered LMAX is another one. Not sure about minimums or commissions.

Oanda is good, but OP is looking for a non bucket shop broker (i.e. where you don't trade against the broker). Hard to find outside of institutional world.

Call Currenex and ask which US brokers use their platform.

I think that is the case with futures (due to fixed contract sizes), but brokers like Oanda let you trade $1 if you want. Traders will still risk too much for their account size, but at least they have the option to use less leverage.

A monthly line chart on a percentage scale?

Volume doesn't always tell the story with spreads. It's an exchange-traded spread, so put it on a DOM and look at how many contracts are on each rung of the ladder. That gives you the true liquidity.