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The holy grail is that there is no holy grail. You do the best you can, avoid repeating mistakes, and don't bother picking absolute market bottoms or tops - a sense of hubris and risk adversity will do you well in this regard. Let the deep pockets turn the market for you (and me), take your...

Truly one of the more delightful threads I've seen from ET in quite some time! .Now if I could only find a proper Mint Julep around here....

I have come to believe that one of the biggest advantages to automating a trading system is the elimination of human emotion and discretion. Never underestimate the ability of a human to sabotage a perfectly good mechanical or rules-based trading system.

Just an FYI, if you use the exchange supported spreads, apparently it is much more compatible with most FCM's risk management software in terms of intraday margining.

Just an FYI, if you use the exchange supported spreads, apparently it is much more compatible with most FCM's risk management software in terms of intraday margining.

Spot on.

Some other links for ICE, Euronext, and Eurex futures SPAN margins. Certainly not all-inclusive, but it's a start: ICE Europe Energy Spread Margin Rates: https://www.theice.com/ClearEuropeSpanParameterFiles.shtml Liffe Euronext Equity Index Spread Margin Rates...

In order to find the margin credits for futures spreads on the CME website, go to a product and select the "margins" tab. Within that "margins" tab, you will find more tabs, including the margins for "intramarket" ( same product, different month and year codes ) spreads, and "intermarket"...

Let me just say from first-hand experience here in Chicago - that anything a new prop trader employee puts on the firm's computer systems will no longer be his sole proprietary intellectual property whether IP rights and prior art have been addressed or not in the employment contract. And the...

There is no better data in terms of time and sales than Bloomberg Professional Terminal stuff. Bloomberg data is clean and all the pros use it. MatLab and many other very high end toolsets have ready-made Bloomberg data link interfaces for good reason. My 2 cents.

I have a former pit grain trader local who is sporting a gaudy 65 % Win to Loss ratio and who might be able to provide some independent feedback to a prospective client whom I pre-qualify. He started with me in the Fall. Turns out that he's really decent with the STIRs and energy intramarkets.

Yep, I think that is the smartest way to work your way into power trading. It is a very complex trade with many different components, and there is no more volatile commodity that I am aware of. Very little published info on it as well. And the term traders have much different strategies...

My advice would be to try to get into a firm as a trading assistant. If the firm is doing strictly financially cleared products, you will likely be following up on ClearPort and ICE-LCH confirmations, and if they are executing through OTC brokerages, you might be monitoring the IM system or...

Yes, I spoken to Don on several occasions, met him in Vegas, and have trained some of his equity spread pairs traders to trade futures spreads. I would agree that he would be a great resource and that Bright is the gold standard for equity pairs trading. I would also agree that having seven or...

That would be huge. Great feedback and thanks so much !

Thanks for the responses. I really would prefer to use the TT ADL since I have been using X-Trader since 1997. Do any users have stability or fill issues or messaging problems that they wish to share ? Please PM me if you feel more comfortable in that regard. The less coding the...

I wanted to know if any ET members were using Trading Technology's Algo Design Lab feature ? If so, how easy is it to build out strategies without a coding background, and how stable has it run for you ? Thanks in advance.

I doubt that you could use me. You know plenty. Get enabled for screen WebICE and ClearPort Natty and Power products through TT, should be a great heat rate trade in terms of the spark spread this summer. PJM-W is peachy but stay the fuck away from ERCOT.

I wasn't confused as much as annoyed about the trolling. I stand corrected. In terms of my own clientele, they appear to be happy about things. I received an email this morning inquiring to a client about how his trade metrics were faring, and his reply was: "With regard to my results with...

Just received an email this morning from a client in Mumbai, and he is swing trading equity spreads live it would appear using what I designed for swing trading futures spreads: "I did however apply your methods in my live account for trading on NSE, India in last month and had 2 profitable...