Recent content by jono5900

These firms can have 100's of traders. They don't have the time, resources or inclination to oversee individual stop order strategies.

If you're not robotic about that approach, you'll quickly get tired of being stopped out all the time to watch in horror as it closes that day in what would of been your target zone. Unless you're well funded and have your living expenses and tax obligations accounted for, you're forced to day...

It was a dream job...unfortunately the open outcry system lost out to electronic trading. I'm not sure if open outcry even exists anymore but the advantage one had trading options standing 10' from the futures ring which the options were based off of was considerable. So, if all of a sudden a...

Been there done that..from a market maker in the Coffee, Sugar Cocoa options ring for +10 years to day trading off the floor. It got progressively worse until loved ones and my accountant sat me down..lol Yeah, I was an expert chartist but that mattered less an less over time..less people...

Just curious..

Interesting..it never even entered my mind to inquire about that when I was actively discussing involvement with "shops" around 6 months ago. Appreciate the information...

As a former commodity options trader I don't need to tell you that ATM volatility and thus straddle prices already have risen in anticipation of such news releases. So, basically you're already paying a premium price for this strategy..and if you're doing it in a back month, you're really...

What is "bucket-shopping and b-booking"?

"..Think about it this way. With marketable skills, finding a job that pays $150k is not that hard. to do it with less, working a job would almost certainly be a better bet." You said it! I just can't keep up with the 150k offers I'm getting for my marketable skills :sneaky: This is why I'm...

Thanks for the reply as I had the same impression from my discussions with Cygroup. Haven't pulled the trigger yet. Perhaps I should of as one thing that changed is apparently they make you keep your initial deposit in there for a year..told me it's now required. Anyway, thanks for...

I endorse this comment......................

Not sure what you mean by "Gotten 100's of thousand back in profits with zero drama" With which firm? & perhaps expand on how the decision of which firm to work with had anything to do with that..if this indeed did happen. Just curious....