Recent content by skilluk

Now that Microsoft is finally releasing amazing software I'd like to jump onto windows tablets and phones. But I see that IB doesn't have an app for windows phone. Is an TWS app for windows 10 mobile forthcoming? Also any chance of a TWS Universal App (which can work on Windows desktop, tablets...

This is ridiculous. Sarao: He lives in a small/old/cheap house. He lives with his parents. His mom works Two Jobs. He doesn't even have his own car. He used Excel spreadsheets for his trading. His bank account only has $100k in it. He shut down his algo BEFORE the crash. Authorities...

So a Lone Daytrader trading in his PJs in his homely house caused the crash. And he's also a Colored dude, so that makes him even easier to vilify. I feel like only Colored guys (south asians in particular) being targeted for securities violations: Rajaratnam Gupta Martoma Sarao In the past 6...

The article referenced is written by a vendor with an agenda to sell the fake dream. Its not impossible to be profitable. And its not easy. Its just very very very hard to overcome very very very high expenses. Lets say you only trade SPY (price around 200 currently). You only put ONE trade a...

For those who don't know who James Altucher is, a "Master Hustler" is a pretty good description but probably an understatement. Here are some fun facts: 1 He either got fired or walked out of every job he had. And by walked out I mean he'd be in a meeting and decide he's done with the job so...

Buy now you've probably already been PMed by like 20-30 firms that want your cash. I don't think you realize that there have been like 100+ "prop" firms that have gone under in the past 10 years or so. Many traders have lost their deposits. And considering many options, futures, and options...

More evidence for random walk.

Volatility is now shockingly low across almost all asset classes. Vol. was low in 2004-2007 but not in all asset classes - commodities had very high volatility. Right now there is no asset classes moving at all. Its month end and ES has a sub 5 point range for the day and CL has a sub 50...

Here are the current volatility figures: Dow Volatility Index (VXD): 11.39 S&P Volatility Index (VIX): 12.44 NASDAQ 100 Volatility Index (VXN): 15.25 Russell 200 Volatility Index (RVX): 19.42 Crude Volatility Index (OVX): 15.42 Ten Year Note Volatility Index (VXTYN): 4.81 Market...

IB Advisor Account (aka friends and family account) would be your best path forward. You can manage up to $25 million for 15 clients without registration with the state or SEC. You can also charge management and incentive fees.

So you've been at this 20 years and still struggle with consistency. I'm in this game 10 years and face a similar struggle. So my response, from studying Expert Traders, is I only focus on a very small niche strategy that does not work 90% of the time. And I try to sit out 90% of market...