Search results

SteveM, I don't know your current situation but I'll just share with you what I do. At present, I set my profit target and stop-loss level at the time of trade entry. It's a GTC limit order, so I am out. As planned. Being wrong and getting out is an important part of trading. ALWAYS take...

From my experience, sweeping generalist value statements are fraught with danger. I'm personally guilty of it but I try to be mindful of it. But hedging with purpose as part of a core strategy makes all the sense in the world. I've seen a number of traders over the years who nursed along a...

Thanks so much for both posting and explaining. Well done.

For an exchange registered futures prop firm, the answer is usually yes as far as my own personal knowledge. I have known some prop traders (big earners) who traded remotely - but they earned that right. You have to keep in mind that all the the risk is borne by the firm and risk controls are...

As in energy, there’s quite a few idiosyncrasies and “local knowledge” with the interest rate markets. Specifically - the futures products like Eurex and CBOT that are fungible. Rollover, especially with the shorter duration products, at times does factor into things as the CTD changes. And...

:D

Marty, I will attend the Webinar on November 28 and report back here. Great question and I have not seen the contract specs.

To me, noise and chop are interchangeable terms when it comes to price action.

EFP for Bitcoin would be a magnet for money laundering. Physically settled futures would have made that quite convenient - and as you allude to would have made that futures contract quite appealing. Historically, futures exchanges have an atrociously bad record for successful contract...

What's your prediction about the Bitcoin contract ? I don't think the FF-GE contract will necessarily fail per se in the sense that there's already volume and open interest there. It's a consumer package. It's a nice pretty new label. And it will make it easier to trade. I make no...

Everyone involved in financing tracks this relationship - including the Fed.

I kinda doubt that OP would be able to get a prop futures trading gig - they don't mentor anymore. But they are always looking for programmers so that is why I suggested in a previous post that he consider learning the skills they were posting for (Python, MatLab, whatever) and maybe try to get...

The ease of execution is the big deal. As Mav eluded to it neatly packages a very important spread into a singular consumer product basically. It's essentially unsecured bank credit versus unsecured commercial credit - important indeed.

A quick word about what the heck an exchange registered electronic futures proprietary trading firm is. An electronic proprietary futures trading firm registered with CME and ICE is a completely different animal than the equity prop firms so commonly advertised and talked about here on ET and...

You're so right - I popped wood the second this notice from CME appeared in my inbox. :rolleyes:

Again, an electronic proprietary futures trading firm registered with CME and ICE is a completely different animal than the equity prop firms so commonly advertised and talked about here on ET and elsewhere. Apples and oranges. By regulation the prop futures group cannot use the trader's...

Only three legitimate reasons: 1. To trade stupidly large size. Which they encourage. I've seen prodigies that in a year's time went from trading 5 lots to trading thousand lots. Literally. And in a few years time they took everything. And since you're splitting the profits with the firm...

An exchange registered futures proprietary trading firm is a completely different thing entirely as compared to the more commonly known equity prop business model. One big difference is that at a registered prop futures firm you as a trader are a W-2 employee - by CME and ICE regulation...

The Fed Funds future is essentially a proxy for unsecured bank credit, and the Eurodollars and Euribor are essentially the same for unsecured commercial credit. These STIRS have literally hundreds (if not thousands) of inter and intra market spread opportunities. Just look at the impressive...

If you are disputing the resumes of Don Wilson, Bill DiSomma and Paul Gurinas please by all means continue to post about topics you know nothing about. PM a really seasoned and experienced trader like Maverick and ask him if you don't believe me. Google their names. Google the firms I cited...