Ha, ha, ha! Not familiar with quote marks? That was not my example and not my point. The statement you're referring to was made by someone else. Densus maximus.
Shouldn't you be working out on the sim, developing your edge?
Ha, ha, ha! That sentence in quote marks is from a posting that you responded to as though it backed your belief. That is a problem for you, too, you believe too much.
How about giving a few examples of a "skill" and a few examples of an "edge."
Here are two for starters: someone may be skilled at hitting the buy button and can do it faster than anyone else; someone else may have a platform/datafeed/broker faster than others.
Interesting.
Right now (1640 Chicago) the 'volume' event on ESU7 is incrementing by 3 every 35 seconds. There is
no bid/ask. I doubt if the market is even open.
It's that if they need a lot of time to make their requirements clear, they should pay more, assuming $12000 only allows for 3 hrs to make the requirements clear. $12000 for about 120 hrs work.
A mistake has been made:
IB's SPX ticker is from CBOE, not CBOT.
Just a few moments ago, IB's SPX feed was
generating a NAN again for the "futures premium."
Dunno -- that may be their way of stating that it is undefined. Another thing on the SPX ticker: it has "implied volatility" and...
What do you guys think an IB bot is worth?
I figure that if a customer could make their requirements clear in 3 hours or less, then it is worth $12000 US to deliver a bot that executes the customer strategy.
Before hitching your wagon to any guru's star, make sure the guru is willing to make good your losses. That is the key.
And if the guru won't make good your losses, ask why. If they'll tell you why, you're on your way to becoming informed.
I got an idea.
Why not a traders union?
First action item: Traders should get a rebate of the exchange/ecn fees when their broker takes the other sides of their trades. After all, the broker didn't pay the exchange/ecn fees, did they?
I am not an options trader, but what I've heard is that when the market moves sideways or down, you should write covered calls. Even if your stock gets called away you'll be alright.
If they let you short it, then they have to buy it, don't they? Assuming they take the other side of the trade, and they don't want -- no way -- to buy their own stock. LOL