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I went through this several years ago. The biggest drawdown my trading account ever had was the day the divorce was finalized by the judge in Court. Mine was in Lake County, Illinois (North Chicago Suburbs). I personally know quite a few traders in Chicago who have undergone divorce. First...

If you are willing to move to NYC or Chicago there are some very good well capitalized proprietary trading firms to consider. These follow the prop futures business model in which only the firm's capital is at risk. This is a requirement for CME registered electronic trading firms.

IMO you'll have an easier time of gauging potential performance or in your words finding a "win ratio" when you have developed a very refined and clearly articulated methodology for taking a loss and collecting a profit. Taking an entry is but one part of a trading strategy. Good luck with...

Back in the 1990's being able to trade the CBOT Project A evening screen session and then Globex overnight screen session was a very big factor for me being able to transition from being a full time Nuclear Engineer in Chicago to a full time futures trader in Chicago. Sure there was a very...

Getting caught up in arguing about descriptive semantics is a distraction IMO. Generalizations are usually lacking when it comes to descriptors about successful trading. But anything a trader can do to refine and focus his or her approach to the market is a very good thing indeed - and a...

Personally - I have re-balanced a commercial book (forward supply or demand hedges) but never a spec book with the exception of an imminent futures expiry. But by and large, positions either get stopped out or they hit their profit target. On rare occasion, I have gotten out of positions that...

If you can find someone with a professional Bloomberg terminal that is the very best time and sales data available. In the past, I have paid for CQG data. As I recall it was a couple hundred bucks. Be very careful about the quality and cleanliness of data you don't pay for. It really is a...

Hopefully this will be more difficult to manipulate and game... "The futures will be based on the Alternative Reference Rates Committee-endorsed SOFR index, scheduled to be published daily by the Federal Reserve Bank of New York in cooperation with the U.S. Office of Financial Research...

"SOFR futures will provide CME Group clients with execution efficiency through intercommodity spreads on CME Globex. This product will also offer capital efficiencies through margin offsets of up to 85 percent against other CME Group products including 30-Day Federal Funds futures, Eurodollar...

You called it all along, Marty. :strong:

LTCM blew out because of hubris and the ridiculously rare OTC exotic derivative products they had tucked in the bowels of their portfolio. The banks bailed them out essentially because they had taken the other side of those derivatives. We’re talking exchange supported regulated futures...

I looked at the first five pages of his posts after that comment above - yeah, you nailed it. Didn’t provide any Algos, either.

Even if you're NOT legitimately spreading, knowledge of spread correlations is very powerful. When I stood in the Bond Pit - I watched the S&P, the Cantor Fitzgerald OTR cash, and the Yen. Hells Bells, David Ellis leased a CBOT seat and had a clerk standing in the bond pit with a headset...

How many thousands of traders have some sort of DOM side-by-side or algo lead-lag strategy action going on ES vs CL ?

Naw, both macro and the micro structure of the market says otherwise in CL. Compare the market action at this morning's open. Flat price is considerably more choppy and hard to hang on to. If you think CL outright is much cleaner up and down I'd say otherwise - for two hours solid you are...

I just wanted to completely dispel this anecdotal notion that a "representative" spread(s) in CL would somehow be wilder and more volatile than the outright flat price CL futures contract. Using exchange spread data - the actual traded spread.

I started another thread in this forum warning about the dangers of using synthetic spread expressions versus the exchange spread symbol. Synthetic spreads will almost always have a falsely exaggerated trading range and volatility as compared to the exchange spread. For intramarket spreads...

Just a note to be very careful about reading too much into a synthetic spread expression (the Lavender bars on the chart below). This is especially true if one or more of the spread legs has less frequent trade prints than another. The net effect will be an exaggerated trading range for...

And that is what all my clients tell me - and mind you, these are experienced traders who have usually traded something like ES or CL or ZC or ZB outright flat price for years before they hired me and came to find out what a proper Spread truly is.

If you’re saying that, to use your example, flat price outright CL or NG is less volatile than let’s say a CL or NG butterfly or condor intra market spread that’s just plain wrong on the face of it. Even more so when you get away from the prompt months. Comparing the SPAN margin requirements...