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My clients have had good luck with Advantage, Crossland, Kottke, Dorman, RCG, RJ O'Brien. The big Chicago firms that do not prop trade and know how to correctly margin a spread position. Because you should be spreading stock index futures.

I have yet to meet a hedge fund manager or commodity trading advisor who places much gravitas in all of these standard platitudes regurgitated from the much cited and published "masters". I am not suggesting that they would disagree with any of it - my impression is that their performance...

I am making no judgement as to the efficacy of a "H&S" pattern in terms of spread trading. I am not opining on your modeling timeframes and holding periods. If it works for you and you are consistent with it, then that is all that matters.

Martin knows alot more about this than I do... but you need to appreciate how fucking complex the fixed income world truly can be, and what some of the terms you are throwing around really mean. This rabbit hole is the deepest in the universe... with the only notable exception that I am aware...

If you are indeed short HOT and long HST on a weighted basis since the first of August - then yes, I very much like your near term prospects for the trade. You are certainly welcome to trade any way you choose - but IMO I would think that you would be much better off making decisions based...

FWIW, please do not trade spreads based on seasonality alone. Also, there has been a common strategy perception over the years that spreads should be faded for mean reversion based upon historically modeled "rich-cheap" analysis ( for example, one or two sigma moves ). Both of those strategies...

Well, of course. The political appointees driving the bus at the Justice Department and the SEC will sit on their hands for as long as they can with this. Just remember in the back of your mind the incredible pardons doled out by President Clinton as he was walking out the door. Big $$$$$$$$$$.

Or, more specifically, the CEO of MF Global ? Depends upon the November elections. Corzine is a huge Democratic Party operative and power broker of the highest order.

I can tell you that here in the Midwest I have chewed up two boat propellers and amputated one Bravo One Sterndrive lower unit skeg ... and counting.

I think that he is in a fantastic situation. I have two other clients who are hedge fund analysts and they trade a prop deal on the side as well - one lives in Australia, the other used to live in Paris and now he's in NYC. It really is a sweet gig. They are building their HF resumes while...

1. I do not personally think it is necessarily MORE complicated that directional trading, I do think it fair to say that you have many more choices and far greater flexibility in terms of what products you trade. If you have a good filtering system and entry study, then the idea is the be...

There is a great deal of truth to that for any trading methodology. The markets are always changing, and the trader who wants to stay with this for a career will have to adapt as well. There are always "the good old days". Even back during "the good old days" all they talked about at the time...

Try to avoid a K-1 also - the tax treatment is not as good as flowing 1256 gains directly to your individual 1040 return. And again, yes you will most definitely want to itemize deductions like your home office, internet, quotes and charting, hardware, software, your out-of-pocket insurance...

If you are doing this using futures, ask him to pay you on an IRS 1040, and get copies of the monthly brokerage statements as records for yourself. Whatever the hell you do, try to avoid getting paid on a W-2 and paying taxes on ordinary income for this income from your personal prop deal. I...

These are some "highlights" from the .pdf that Mav just provided a link to: 27. The Latvian trader wired $5,000 of his own money to the Canadian entity as a risk deposit. Alchemy then used the trading software to extend the Latvian trader $200,000 in “buying power” through Alchemy’s...

Securities Laws Compliance With limited exception, placement agents must be registered as broker-dealers with the Securities and Exchange Commission (SEC). It is also important for placement agents to be registered or licensed, as applicable, with all relevant state and local authorities...

Securities Laws Compliance With limited exception, placement agents must be registered as broker-dealers with the Securities and Exchange Commission (SEC). It is also important for placement agents to be registered or licensed, as applicable, with all relevant state and local authorities...

Oh, it's so much better than free - given the commissions and fees generated. Does the trader also get charged a portion of the "backing" firm's overhead expenses as a recurring and ongoing 'management' fee ?

Yes, majoring in liberal arts or sports management is a truly useless endeavor if the idea was to just get a Bachelor's degree and then go find a career in that field. The OP's conclusion is shallow and pendantic.

Not for the vast majority of "retail oriented" accounts if they keep the contract sizing the same - the initial and performance bond margin requirements will be considerable. This is regulatory arbitrage, pure and simple. There used to be a regulatory and reporting advantage to trading swaps...