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I have a client who transitioned to live about five months ago. He has been reporting very impressive results with a 70% W/L rate. I hope I didn't jinx him.

I have a client who transitioned to live about five months ago. He has been reporting very impressive results with a 70% W/L rate. I hope I didn't jinx him.

If we had the data - sure. The real issue is margin requirements and access (ISDA)

We'll have to get to zero before OP breaks even. He has a multitude (easily over 25 I'd guess) of "tops in" threads he started over several years time.

STIRS and Grains Intramarket forward curve has also been sensational. We do a lot of Futures Butterflies and Condors at different places in the Curve. Trades like the Cracks and the Crush have been an afterthought to me the past few years quite frankly. There is safer, better risk/reward to...

There has been so much opportunity in the WTI, Brent, and NG forward curves the past few years - I honestly can’t remember the last time I personally traded a Crack (it’s been over a year for sure). It’s liquid and it’s where the Commercials play.

Well a Heating Oil Crack in June makes zero sense. :caution: :banghead: Again, the Gasoline Crack is the play here. Let’s have a modicum of sense here people. Jeez.

The exchange spread is simply the exchange internally matching firm orders in HO and CL. Manually legging the spread would be insane. You can also improve the best bid or the best offer in the exchange spread. Personally, I’m all about the Gasoline Crack this time of year.

Yes, that’s the exchange supported spread which is internally matched and filled by the exchange (no legging risk for you). You will see a single price DOM ladder, but when you’re filled you will see multiple futures legs in your fill window. Most of what we do are combinations and...

Go for it. You’ll love the convexity.

We’ve been spread trading SOFR’s the past several months as liquidity improves. Doing it exactly like Eurodollar and Eurobond futures spreads - butterflies and condors mostly. From my experience, most novice hedgers are actually compounding their risk profiles. As Norbert mentioned, to...

“Statistically Sound” is a far cry from real time execution risk. I can think of a dozen firms that spend six figures a month on their ECN’s and that PAY for stock order flow in order to arb baskets. I wish you good fortune !

IMO that’s the least of your potential pitfalls. And you’ll need an omnibus account in order to get any sort of spread margin offset IF your plan is to spread index futures versus stocks.

Legit

No it does not.

Shit thread already. :confused:

For what I personally do with clients - my position management is just as mechanical as the entry indicator package and it’s an integral and mandatory component of the trading system. We set our profit targets and stop-loss at the time of trade entry.

It just seems like traders spend > 90% of their efforts on entry. I’ve read some here on ET proclaim that a proper entry negates the requirement for trade position management and that idea is ludicrous to me.

How much forethought and planning a trader puts into setting a profit target and the stop-loss. How disciplined is the trader in honoring the stop-loss. Position sizing - especially as it pertains to a period of successful trades or a rough patch. Does the trader scale into and out of...

I’ve worked with hundreds of experienced traders the past 15 years in my consulting business. And for the overwhelming majority, during my first meetings with them it becomes readily apparent that they had always treated position management as an afterthought before they hired me. Why is that?