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Some of the biggest firms in chicago are completely machine learning driven. Every once in awhile you can find a guy who can do it himself, but usually they have 5-10 phds in a team.

Are you on the uk? Equity execution is tough from the states for European equities.

I'm a bit slow and can't really tell what is happening from the charts. I would love to learn more. Please explain what you look for as entry and exit criteria if that isn't too invasive.

What about buying the 45 65 call spread and the 20 put. Your out ~11 in premium. If it goes up, you make 15 if it goes down you make ~13. But you are screwed if nothing happens!!

Just how options are priced. There is a lower bound at 0. So a put with a 0 strike is worthless. It is $35 under current price. The 70 call is at $5. This skews stuff.

It really depends what you are trying to accomplish. Trading more options costs more bid/ask spreads. It also changes your gamma and vega along with your delta. Options to hedge delta is usually a professional's game because of trading costs, etc. Deep itm are usually the most expensive to...

Option writing strats usually do good for 4 years... and then get wiped out. There are places for non hf traders, im not sure you are ready though.

Where are you located. Do you have a track record? What are you looking to gain by prop?

You guys are missing the market. 370 basis points in Eurodollar futures is HUGE!!! Best I can tell the Eurodollar market was at 6.5%-8.5%. If the ES sold off ~50% do you think you could find options that went up 670X? Off course you could. That would be a 1000 point move!

None without real money experience. So many ways to screw up a backtest.

I'm not sure getting around IRS is his goal. If it is a lock up period, I'm not sure what you are concerned about would apply. I have had a reputable IB tell me I could short some stock that was locked up in a separate account as long as I had the margin to cover. All I'm saying is there...

That is a big IF. I bet they don't fill you at mid market. It is a wide market in a relaticly thinly traded option. The market is 2.00 wide!! I bet they ding you for another .25-.75 than you are planning. Are you willing to pay that?

You are going to pay a big bid ask to put that on. If you are just looking to lock in the price, buy the ATM put and sell the ATM call. Locked in price with no premium.

"institutional money management" a whole different game. One that is probably 8 steps away for the vast majority of people on this site. And at least 4 steps away for me. I'm guessing I trade with a smaller account than you, but avoiding draw downs is key. Your money or other people's money...

What data are you talking about? My positions and fills are in TT immediately. I can call in at any time and get an update from the FCM. Where and when would you want this data outside of that.

Why does end of day batching concern you in the least? It has nothing to do with trading speed. People who know a whole lot more about this stuff than I have said Dorman is competitive with Wedbush and most if not all Chicago FCM's as far as speed.

I never said that no makes money directional trading. Re read what I wrote. In fact I said that I'm sure they exist, but I don't know them. Unless you know something about my acquaintances that I don't, I stand by my original statement. What these big hedge funds are doing and what they...

I'm not sure where you got 95%. I also never said they were only people making money. Who else do you see making $288,000,000 a year like Jump? Anything that works is going to get crowded. Nothing is static. I really don't get your point...

That is horrible advice. I was going write almost, but ALL of the big traders that I know in Chicago trade spreads or one kind or another. I'm sure there are some big trend followers out there somewhere. I don't know any. Do you really believe that Jump, DRW, Citadel or Ronin make the...

Not what I was thinking would happen at all. The futures did open flat and dropped .5%. Plenty of time to get out/ profit.