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I've actually said this exact thing many times on here. The irony is, I think Don might have a Delorean. :)

Sounds like all you need is portfolio margin. And Bright and WTS don't offer options.

It really depends on what you are trading. For the ES, you really need to watch different stock sectors. For oil you might watch the dollar. For bonds you might watch ES. The correlations come and go so this is no set answer no you don't need to have the same OR. These markets all trade...

The deposit firms could care less about outliers. They want commissions. Most firms get zero p&l from the trader so if a trader makes makes money, good for him. The firm is indifferent.

Still don't think you get it, and this response of "I just want to work for myself" which gets repeated many times on this forum, demonstrates that. Do you know how successful people start their own businesses? They get a job in some industry, someone pays them to do some task. They get good...

Yeah I agree, most prop firms will take anyone with a pulse and if you don't have a pulse, they'll shock you on their dime to get you one and put you in that seat. LOL. Regarding why we went after traders. We went after guys that left us with debits. We hired a collection firm and went after...

There is NEVER an excuse to reneg on your word, no matter how poor, uneducated, ignorant or desperate you are. In fact, quite the opposite. If you ARE those things, be a man of your word and you will be amazed at the doors that will open for you. Trust is a rare commodity in this world and if...

The contract is absurd but you still have to honor it if you sign it. So yeah, I don't think traders should sign and quite frankly, I don't know why anyone would to trade 5 shares of stock. The whole idea is beyond absurd.

Actually, I'll tell you what they will do. They will go to court and get a judgement. Won't cost them a thing. Will cost you your credit and your reputation for the rest of your life. Don't do it. I'm sorry, a real gentleman always honors his word and his debts. Your contract, whether it's...

Baron, would it be possible to list and explain some of the new features you have recently implemented. I see new stuff here and there any many times I don't know what it is or what it isn't. Or even if there is a new feature at all. It would be great to list and maybe give a brief...

Yeah, you an get a room, but Baron charges by the hour. Remember atty, always bring protection. This is ET, you never know what you'll catch here. :)

Yeah for anything that is "actively" traded over night, I use futures and a 24 hour day to calculate stuff. Although usually GLD and Gold futures are pretty close in terms of number lines, I have actually seen huge divergences between Gold and GLD, SLV and Silver and even Bonds and TLT/TBT.

Not at all. I'm just blunt. Time has forced me to get straight to the point vs storytelling. Use the search function in the upper right hand corner. I have thousands of posts on option trading as well as books to read, etc. Good luck.

Correct, the math says that and it can be proven. Now beyond the math there is the concept of optionality. That is, when the shit hits the fan, regardless of whether you are long the 10 delta strike or short it, which position is easier to manage? Which position gives you more "options"...

Of course you are always taking a risk. No one has said otherwise. The point of a spread is not to get rid of risk but to take risk. However, the spread allows one to create value where it might be lacking otherwise. All traders are seeking value, not risk free opportunities.

Hey CD, are you in any of these oil spreads?

Exactly. There are things we know we know. There are things we know we don't know. And the worst of them, there are things we don't know that we don't know. You fall under the 3rd.

Well, I'm using the term in a very broad fashion. For example, when I held equity baskets, I always had downside index exposure. That is one way of "spreading". Another could be as you mentioned, doing con/div trades in futures spreads. Another way could be creating directional positions...

I just set my egg timer. You let me know when it rings.

Good stuff Robert. This thread is long enough now that reading some of the older stuff from different market cycles gives one interesting perspective when comparing it to the current environment.