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Hey Richard, No prob. I'll try to answer some of your follow up questions. In regards to tick data/the problem that you had with IB: The first thing you should make sure of is whether this was an issue on your, or their end. If you're trading off of wifi, or a non top tier internet connection...

The people that seem to be angry or arrogant are most likely paper traders, or people that are simply upset that their trading hasn't worked out very well so far. I've had a positive P/L YoY since 2013, and use some simple, tried & true options trading methods. Most people that lose money fall...

Sounds like the account size wasn't the problem then.

Which FCM are you trading with? If anything, the compliance department will be notified, and may reach out to you. It's unlikely that they would just close out your account without talking to you first.

Could be. Call and ask?

You can trade futures in US, without breaking the law.

lmao!

I don't see how a vastly tighter bid/ask makes the market worse.

Worse for HFT, and no one else. The idea of IEX is much more than a speed bump.

You cannot colocate with them. It's simply a matching engine with miles of fiber optic cable in front of it, removing the possibility of latency arbitrage.

Ehh I don't know how much I agree with the first part of your post. They're selling the advantage of trading in a fair market, if that's what you mean.

New video from IEX... I think what they've done is awesome. Also, if you don't already follow @nanexllc on twitter, you definitely should.

Pretty sure TradeCat is serious. There will be less and less retail traders over time. The big firms are more and more averse to risk (tiny accounts using way too much leverage) every year, and heavily prefer larger accounts, that give them better floats on their cust seg.

nope.

Eh... The problem for you will be the time value. Maybe buy a deferred call spread, and sell a credit put spread?

Will do! If not, I may have to start one myself :wtf:

read flashboys.

Correct me if I am wrong... but an out of the money call option has zero notional value until it is in the money... Once its in the money, the notional value is the same as the underlying contract.

Yep, capitalism at its finest!

The thing with trailing stops is that you generally need to be going for bigger % profits for trailing stops to really be beneficial. I see people try to use them for small moves all of the time, and it tends to knock you out of the trade early, when you would have been profitable if you had...