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    Prop firm recommendation?

    Again, I'm no expert in regulations, but I'm not sure that it does violate KYC rules. IB (and I'd imagine some other brokers) supports friends and family advisor accounts where you can have someone sign up for an account and delegate trading permissions to you. IB then "knows" both of the...
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    I see why sharpe of 3 is so desirable

    I'm a bit short of $1M, but I target 20-30% margin utilization (equity options) and would do this even if I had $10M. While I generally only have about 1-3% of total account at risk with respect to each underlying, I keep positions in 10-20 underlyings open at a time. My reasoning is that if...
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    Prop firm recommendation?

    I don't think there's a simple, legal, and cost effective way to accomplish this without risk that a 3rd party will screw you over. I have an idea on how to go about this without a 3rd party and it is legal, but because you would be doing it for the sole purpose of getting around SS...
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    "it ain't over till it is over."

    Your link is truncated. Here's the link: https://www.bloomberg.com/news/features/2018-06-25/brexit-big-short-how-pollsters-helped-hedge-funds-beat-the-crash
  5. L

    options

    You have 4 choices: 1) Exercise early -- You didn't say if you have a call or a put. Exercise call = buy underlying at the strike price. Exercise put = sell underlying at the strike price (if you don't own them, you will be short the underlying). 2) Expire -- Wait until after expiration date...
  6. L

    option delta

    An option can certain gain/lose more than $1 for every $1 movement in the underlying, but those changes are attributed to changes in vega.
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    $SPOT

    I'm no expert in this area, but $SPOT makes money from subscription fees and ads. They pay substantial licensing fees. One way NFLX is reducing those fees is by developing their own original content that people actually want to watch. This both brings subscribers, but also reduces costs to...
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    YOLO traders like UWTI

    You have to understand. Lisa Su Bae and Papa Sanjay have fallen out of favor -- replaced with anything China, which I do believe is about to be replaced by $ROPE.
  9. L

    IB commission fee vs standard pricing.

    FWIW, I took the total number of US equity contracts I traded in May and divided by the total commissions for US equity contracts (IB breaks down commissions/fees by asset class, so was easy to do). Granted there are going to be differences affected by things such as some options I allowed to...
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    Desktop TWS on Android Phone/Tablet?

    Android apps are written in java, but an android .apk is a little different from a java .jar. That said, there's a tool called JBED that can run java applications (.jar) on android. I've never personally used it though, but that's where I'd start.
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    IBKR has 'skyscraping margins'

    I actually think RH will be good for low cost brokers like IBKR and Tastyworks long term. I think there's a lot of young professional out there who think getting in to the market is a huge hurdle/hassle (beyond 401Ks I mean), but then they discover RH. It makes investing easy. Some of these will...
  12. L

    straddles... how do they make money?

    Yeah, that's basically how it works. Effectively what you are doing is a volatility play. Calls and puts are priced (in part) based on the market's anticipation of the move in the underlying, so if you are doing this trade, that means you are anticipating that the actual move will be larger than...
  13. L

    Looking to trade tech for intra-day futures data

    IQFeed has 1 minute OHLCV data back to 2007. That's likely to be your best route. If you go too far back it may actually be harmful. The market is not the same today as it was 15 years ago. Even something like "noise" is going to be different, the way orders are broken up, executed, how market...
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    Return on Investment

    I'm between $1k and $1M. ;) I expect the following annual ROI 30%, drawdown < 10%, sharpe 3, sortino 4.5. Will I meet that? IDK! I'm on track, but things can change very fast. If I couldn't beat the S&P500 / other passive investments, then all the time and risk put in to this wouldn't be worth...
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    Already profitable, what's next?

    I think that would be dependent on his correlation to the S&P500 and whether the strategy is net long directional bias. For example, if he's net short and still managed to perform well in this bull market, then I see no reason to believe he won't continue. Unfortunately I've looked at a few...
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    Already profitable, what's next?

    If you genuinely can do 5-10%/mo, you may want to consider listing your strategy on a site like collective2. You said you can only add a few hundred per month to your account, so even a handful of subscribers on collective2 I think would be helpful to you. I've never used the site, so I have no...
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    Why trading is sometimes difficult for me

    Markets HATE him. Learn this one simple trick to retire early.
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    The $4000 / month cofounders

    Gtfo with that assuming bullshit. Fact is you wanted to pay $1k/mo + 50% share. If you had any significant amount of capital you would have offered a proper salary for 0% share (or substantially less than 50% anyway). That you were willing to give away 50% of your profits shows that either you...
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    Looking for Pre Qualified Leads Service

    That's like saying you're going to open a bar, but you have no idea why someone is going to go to your bar vs all the other well known ones that everyone already knows about and talks about. You need to think long and hard about this. Come up with some hook. People gave plenty of ideas here, but...
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    Jeffry Dunyon - Safe Options Strategies

    Is your system long biased in these industries or was it primarily short S.H.I.T.? Given the long running bull market, perhaps you should have emphasized this to attract other net long investors who would have been attracted to funds with more positive sounding names like bull S.H.I.T.
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