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I don't know, maybe I'm ignorant. But, that sounds like a great opportunity. Also, who cares if you don't have "Harvard quality" credentials?....If you want to do this bad enough, get aggressive! I'd CONTACT every good firm in your neck of the woods. What's the worst that can happen? They...

Thanks Vega, From the ISE -- which says that these rules are similar to other exchanges (easiest info I could find): The maximum spread for normal equity options may be no more than: • ¼ of a point where the bid is less that $2; • 3/8 of a point where the bid is at least $2 but...

Are there imposed restrictions on how wide the bid/ask can be? If so, what are they? Is it likely that a market maker could be violating those limits (in a thinly traded option)? Thanks.

Satyrican, Tantalizing post. Do you do stat arb? Either way, can you elaborate more? I am not a quant, but stat arb has always fascinated me -- I love the idea of being mkt neutral over a well diversified portfolio. From my (very crude) testing on the subject, I have concluded that one...

That's hilarious...I don't often run into people from Parma...that's where my wife is from...

Sorry this was so sloppy. Just slapped it up to give an idea of what you might try. Slopemin was supposed to be whatever slope minimum you were looking for. I guess the take away is, try nesting your trade commands in an if/then begin/end statement. You can put whatever parameters you want...

Maybe I'm missing something, but if you just coded: inputs: malength(20),slopemin(1); if (average(c,malength)-average(c[1],malength))>slopemin then begin {insert code here} End; Would this do the trick?

HD, Thanks for the great response...this was very helpful! MYD

I was doing these until recently on the indexes...but the volatility drop just sucked the profit out of them on a monthly basis. HelloDollars, I'm no options genius...Since these are vega positive, have you ever heard of someone combining another range-bound options strategy with a...

Have you tried sending a message to the BB help desk? When I used to use BB, I found them very responsive

surfer, It's also my understanding that while the system was mechanical, they could use discretion on the particular commodities/futures they traded....that's probably one reason why performance varied...

Spyder, Thanks for the quick reply...i'm sorry but I'm a little confused...which software did you recently purchase for scanning? Was it Zacks?

Spyder, Your post comes at a timely juncture for me. I'm in the middle of Lowenstein's bio of Buffet, which as led me to put Graham's Intelligent Investor in the reading queue. I really like the thought behind your approach. If I may ask, what are you using to screen fundamentals? I don't...

That's funny...I've got position trade shorts on both PHM and SPF. Oops...oh well, we'll see...my short thesis is essentially playing interest rate direction as bonds sell off...thought homebuilders may have some exposure (land value may be inversely related to rates, which is a big part of...

Hey Dave...long time no chat. What's up? I will say this. I think Dave's book is worth a read for any trader. Even though I'm not swing trading full time with Dave's style, I have found myself scrolling through charts and seeing irresistable setups. If I can't resist the set-up and the...

Chris, No Ill will. Sorry about the jokester posts on your previous thread. Good luck with United. Peace, Mike D.

I'm not from NY, but just got back from a 6 week stint there. I agree with Bri22...I have family in Westchester County. The place is very scenic and is situated on the Hudson. You can take the train in, and maybe there will be a room-mate situation up there where you can get a place for...

Just got back from 6 weeks in NY. All I have to say is Chicago rocks. It's driveable, it's green, no trash on the sidewalks...and the weather kicks ass (today, at least). NY was super-hot. I would come home every day and be drenched with sweat. What is it, like 72 degrees out here in...

Trading Systems that Work - Thomas Stridsman (also look for his new book to be released in August) The book is more about how you construct and test a system, and doesn't offer any systems that knock it out of the park. But it is about process -- teaching the trader to fish, if you will --...

Is this up to a certain amount of shares? Like $5 up to 1000 shares?