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    auto trading server machine spec

    It all depends on their willingness to share ;) and their strategy. Are they using a (one) database, can they coexist on the same database or do you need to set them up in a multi-tenant environment where everyone needs their own DB server ..... If they're not high frequency, they can...
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    Weekly results of a wanna B algo trader - 2011

    Sweet trading week (up 1k9). Especially Thursday and Friday kicked butt and did well while I'm at the beach in Cabo. Tue/Wed sucked big time though. I hope I found my sweet spot now. I've three core automated (non correlated strategies). S11, S10, S21 all are short volatility, benefit from theta...
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    Weekly results of a wanna B algo trader - 2011

    This is a little tricky to estimate, mainly mainly because the positions are in two accounts and only one allows me to beta weigh this quickly (and that account has a lot of net long options). The second issue I have is the portfolio itself, at any point in time there's no pre-defined...
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    Weekly results of a wanna B algo trader - 2011

    jed, good luck getting back on track. For me the "screwing around" as much fun as it was, wasn't any different than Vegas and the fun was over once I looked at my P&L. 12 grand is about 5% of my portfolio, but it's also a month worth of day job for 30 minutes of excitement. Worst of all I was...
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    Weekly results of a wanna B algo trader - 2011

    DG, great input, I need more of this !!!! ;) The problem is I don't have historical data to compare that against. e.g. right now if I beta weigh my portfolio (the majority of it) against the SPY, I have about 900 Deltas and about 3500 Vega compared to the spy (both long across all...
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    Weekly results of a wanna B algo trader - 2011

    I've had my worst trading day since May 6th 2010 (aka Flash Crash). It all started out very innocent and I made a couple of UI changes to incorporate a control that forces a confirmation click before orders get executed based on this thread...
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    Automated trading for options

    Thanks Wayne, adding a manual control into my UI. I wasn't aware of this, definitely appreciate your input !!
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    Automated trading for options

    Most of my trading is automated options trading. Everything is home grown though. I've a mysql database which contains a ton of old options data and a java framework to backtest and execute strategies. You'll find that it's hard to find good option data sources, I don't think there are any free...
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    Weekly results of a wanna B algo trader - 2011

    Good week (Up 3k8). Not sure what happened but my systems kept making money even though the market played the same movie over and over again. Bad news this week was that I went to the East Coast on Monday and brought the flu back, so my whole family is sick for the last three days. S21 sucks in...
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    Weekly results of a wanna B algo trader - 2011

    Did some account management and added another 6k to my trading account. That brings my debt to 22k. Hoping to repay that by the end of the month. Just landed in Chicago (feeling sick as a dog) and just saw Wall Street 2 (Money never sleeps). That movie makes you think twice about leverage ;)
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    IB and shorting a stock

    I've a pretty basic question when it comes to short selling. I've a portfolio margin account with IB. So based on that my buying power gets reduced by 15% of the overall equity value when buying or short selling a stock. What I don't know is if there are any additional cost, when holding...
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    Weekly results of a wanna B algo trader - 2011

    Good week (Up 2k9). Was ahead of the S&P all week but got my butt kicked again today and lost while the S&P had a huge up day. Finished this week and turned green for the year, so my January losses are gone (for now, I've a bad feeling about next week). I also passed the savings account...
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    Weekly results of a wanna B algo trader - 2011

    Small down week (-306 bucks). Not much excitement other than I was 2k in the hole due to discretionary trading this week (and finally recovered some). I better stick to my strategies cause at least they lose slower than me taking on 40 e-mini S&P futures. My flights got canceled this week due to...
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    Weekly results of a wanna B algo trader - 2011

    This is a Friday post since I'm stuck @ the airport in San Jose. Good trading week (Up 3k2). Had four up days in a row then on Friday things went south :(. It started when the market was up slightly and I put on a hedge S&P E-mini futures trade, which went south right away. I also fixed a bug...
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    Weekly results of a wanna B algo trader - 2011

    Good news is that my margin is back to normal. Like I said in the previous post, IB used to prevent access from TWS (traderworkstation) until Sunday's @ noon. Seems like there's still maintenance activities that run on Sunday mornings that mess up some of the reporting. I guess it wouldn't have...
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    Weekly results of a wanna B algo trader - 2011

    I do about 10 times a day ;-) But then rational logic kicks in and I look at my comparison data from the previous years. Right now I've a draw down of my account of ~ 3 percent. Sometimes (like May last year, remember May 6th) my draw down goes slightly over 10%, so I'm well within my...
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    Weekly results of a wanna B algo trader - 2011

    Woke up to some pretty disturbing emails this morning (Margin Violation & Position liquidation). Bottom line is my account is in margin violation (see pic). Usually I'm very happy with interactive brokers. I logged into my account and what used to be slightly over 5% excess liquidity Friday...
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    Weekly results of a wanna B algo trader - 2011

    Terrible trading week (Down 2k1). Everything was good until Friday. Blew over 3k on Friday and don't know really why. S2 suffers in this low volatility environment and the results show it. S2 also had an execution error where one trade on Friday (120 contracts) got executed with the natural...
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    Options on Futures @ Tax Reporting

    thanks for the response guys !!
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    Options on Futures @ Tax Reporting

    Does anyone know how options on futures are taxed? Do you need to report them like options on equities and list out all trades? Do you need to report them like futures and have a single line item on your 1040? I know I can ask a tax advisor but chances are they don't know either unless...
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