Very cool stuff, as I understand it the looks are free but it's considered good ettiquete to execute through him every 3 looks or so yes? How much size is he expecting you to do through him?
With your VPI trades on friday, you got short via ECNs and I imagine you covered on the floor through...
Cool, thanks for posting some trades mk. I just thought you were rebate trading. I guess it takes quite a bit of scalping for a penny to pull down 2000$+ days (paying per ticker rather than per share goes without saying)
The idea behind selling insurance is to do so when it appears overpriced (mean reversion, or more specifically reversion to preceived actual value), otherwise where's the edge.
I'm still slightly drunk from last night, but let me try to formulate an argument here.
There's a lot of crap going around about "sophisticated trading programs" that seem to be these godly pieces of code that are incapable of losing.
The simple fact of the matter is, only very simple...
I took about 10 of the STC practice exams, the best score I had on any of them was 64%. I got an 84% on the actual thing and it took me less than 2.5 hours, go figure.
lol I understand you think you're "getting better" or "being profitable" but you're not. Like someone said, what you're doing is paying off someone that actually knows what they're doing ;)
I'm in college and I trade equities full time. I have yet to be drunk during the day but have stayed out drinking into the wee hours of the morning and always feel great waking up and doing the opening :D