No cross margining. This is a big issue for hedge funds and alot of investors who hedge their stock portfolio with futures. If you do so, you need to put up margin on both sides. You're getting a double haircut. SEC / CFTC are far apart on this.
Don't forget the cotton industry. They spend millions keeping hemp cultivation illegal. Hemp blows cotton away as far as ease of production (it's a weed and can grow anywhere), cost (no pesticides needed, no fertilizer needed), environmental impact (no pesticides and requires a fraction of the...
Congratulations on employing a successful strategy in this market. You've hedged much better than I, that's for sure:D . I stock by my handle and have been writing calls all the way down, but that hasn't nearly kept up with the market fall. I entered some risk reversals yesterday at the close...
It's not all that big of a contract and it should work out well. I spoke with some people from ICE at the FIA show and this product is encouraging. I suspect a nice spread market (with a ratio or course) will evolve out of this between the CME fx contracts and the spot market
Yep, we use ttsim at my shop and that doesn't look right. Does AMP host ttsim or do you go through ttnet?
http://www.tradingtechnologies.com/ttnet.aspx
If there is no money to be made in writing options, I'd have been out of this gig long ago but I've been doing this for almost 20 years. There's plenty to be made. With the VIX were it's at and where it's been for the past few months, it's crazy to to sell into this (with protection, hence my...
Education may be relevant for an investor. Someone willing to break down all of the fundamentals and build portfolios. Traders, not so much unless you're looking write code for software or something elaborate. The best education is to read the books like Market Wizards, talk to traders and...
Chicago lives and breathes trading. You can't go anywhere without running into other traders. For someone breaking into trading, you can't find a better environment.
Options trading software covers a broad range of functionality. What do you need out of the software? Order execution? price updates? strategy creation?
I understand your point, but without giving away too much of my proprietary trading methods, I use CVD as a source of confirmation. In the period prior to the 7:30 rally, CVD was still positive, but trending lower. that indicates an exhaustion of the move and is a precursor to a reversal...
I did well in AUS/CAD. I believe that's one of the spreads you were fading me on. I got crushed in the ge spreads. lately i've been buying vertical call spreads in corn. also selling reversals in weakness in ES (selling ATM puts, buying OTM calls)
CT, i do speak from experience. i've traded fx futures on floor of cme, fx futures and cash off the floor for funds (and myself) and fx futures, cash > EFP's for banks and ib's. unregulated fx trading for retail investors is sketchy at best and close to outright thievery. stick to futures.
You will get destroyed trying to trade cash fx. It's unregulated and they prey on retail traders. Stick to exchange traded contracts. 6E, the eurocurrency, is a great scalping product and great to spread (vs. the swissie, yen, pound, even ES).
Better now Rt. I think I spent too much time posting charts and not analyzing markets a few weeks back and got smoked pretty good. I'm still alive and trading though. What are you looking at today? Grains?