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From what I can tell, iron ore is primarily an OTC traded product. I wouldn't trust that the time and sales you see from a very illiquid futures product in any way reflects the actual valuation of the cash market in any meaningful way. This is pretty common with "new" or illiquid futures. In...

Wherever you can focus and the distractions are minimal - and most importantly, where you make the best trading decisions. Prop traders might not have a choice in the matter - especially the futures traders.

The point values for ZB, ZN, and ZF are the same. The tic values (minimal price movement differential) are different for each - please look on the CME website for the contract specs. The point value for ZT is different because the notional value of the instrument is $200K and not $100K...

I do both. Actively.

Nassim Talib might argue there's a cheap proxy call regarding your view.

Great share, thanks ! Yeah, I agree with the general message in that article as it pertains to currencies vs. commodities correlations. I have always found them to unreliable (sooner or later) in the sense that the correlation eventually disintegrates without warning and essentially destroys...

When I set targets, I model recent trading ranges. If I get cute, and for example run forward regressions in order to squeeze out more - for me it doesn't have a happy ending as you suggested in your post. We only know what we know. The majority of the time the market runs past - sometimes...

I know that I am cutting and pasting from your complete original posting, but in my mind this is likely a contradiction that would not be enthusiastically received by any potential investor. Having said that, my best advice would be to seek out and approach a home office investment group in...

I have met traders who do it, but they had to prove their mettle first at the office and in person.

I have an office about ten minutes from my home, but I have a more limited home office with execution and analytics. The gym is halfway between so I make my circuitous route. The office has significantly better line speeds than I am able to get at home - the management company touts this as a...

It's not known to me if you have a consistent methodology for setting profit and stop-loss levels at the time of trade entry - after many years of trading and client work that's where I've landed FWIW. For me, my winners are about 2 x my loser net amounts, and my Win/Loss ratio is certainly...

One look at the order book and you will realize there will be no issues for slippage on a hundred lot. None. That's the least or your worries.

When you have properly constructed and modeled a spread trade, you make an entry based upon your expectation for the delta or "spread" between the instruments to either converge or diverge. It's a game within a game.

When you have properly constructed and modeled a spread trade, you make an entry based upon your expectation for the delta or "spread" between the instruments to either converge or diverge. It's a game within a game.

Successful day traders can indeed make very high returns. For an individual, it's just way more difficult to lever it beyond a certain point. You can daytrade the piss out of $10M - It's quite another thing altogether to put $500M to work on an intraday only basis. Just my own 2 cents, YMMV.

There has always been a thriving physical OTC market between mills and distributors. The CBOT futures contract never went anywhere. Where the market really gets pinched is during some catastrophic event - hurricanes in particular.

From my own experience, forward or back testing any type of legitimate arbitrage is pointless. The most important consideration - execution efficiency, simply cannot be gleaned from tic data or time & sales data. You cannot make a reasonable assumption with respect to execution fills using...

Yeah, many of my clients don't want to spend the $2K per month on the TT Autospreader. For swing trading, it's just not really necessary from our experience over the past several years. The big Chicago FCMs also have 24 execution desks - and for $1/RT they can execute your Spread for you (they...