Search results

Do you mean to tell me that if I am unable to trade successfully, all I need to do is write long winded posts on ET? Then I can be either a want to be quant or guru such as yourself?

Yes. It is really is that likely.

While I wish you the best of luck in your endeavor, trading on the NT sim is not “ultra realistic.” Check back after your first week, and I think you will be able to recognize what I mean.

For the liberal arts majors in the world who are unable to comprehend your level of sophistication, please post a real p&l statement with two years or trading, which will validate your methods. Thank you.

Both Charles Cottle and Sheldon Natenburg's books explain synthetics, and hence, option arbitrage opportunities. The market's efficiency has eroded most of the opportunities in these trades, but understanding these relationships is very beneficial.

You should check out FuturesPath trading, Mirus Futures, and Velocity Futures. All three have fully staffed desks and much better rates and technology than OX.

By the "behavior" of the underlying, what exactly did you mean? Other than direction, I must assume volatility. I am not aware of any reliable TA that helps to forecast vol, although one might exist. I would start with either Natenburg or Charles Cottle. Both are excellent.

Very interesting thread for those of use involved in auto-mated trading. Thanks for sharing.

If you can correctly predict the future price of the underlying, you should trade the underlying. Volatility and expected volatility determine the price of an option. You can get direction correct and loose money trading options. Get educated on options before giving away your money trading...

Ten years ago when oil traded below $11.00 on the NYMEX and cash oil was getting below $10.00 per barrel where were all of you experts? Since it is so "obvious" now that prices are high because of hedge-funds, was it not just as obvious that prices were too low then because of excess...

Another trader posting winning trades after the fact. Wow. How long until you offer us your winning system for a "small" fee?

To answer your question, any broker that offers TT's X-Trader. X-Trader allows you to see and create options spreads on CME/CBOT markets. MMs will typically respond, but most of the volume in this product is still transacted in the pit. Even though it is 2008, you are still better off in the...

I have to concur that anyone who uses the term "riskfree" must be suspect.

Not applicable? I think your statement proves my point. Never going to happen is perhaps more appropriate.

Wouldn't it be nice if CNBC had a policy that every commentator and guest had to post an audited p&l? No p&l, no appearance. That would siphon off 99% of the garbage they show day after day.

Stop placement is directly related to the strategy being traded. There is an idea perpetuated in the retail world that risk reward needs to be 3x1. That is complete nonsense. The system must have positive expectancy, and the person trading it must fully understands it and have the personality...

I completely agree. P&L is simply a way keeping score like runs in a baseball game. When it is put in the proper context, one's attention can be focused on the process and not the outcome, which usually boosts performance.

All "prop" deals are not the same! Just because of the prevalence of so many bucket shops does not mean good firms with good deals are not available.

Quite an interesting thread. Thanks for sharing. Good luck with your trading.

I was having issues last Wednesday, Thursday, and Friday. Anyone else?