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So you sell options and you don't know the greeks ? Yeah. Sure.

If you invest (e.g. don't trade) in a hard asset with a long-term view, the bare minimum you do is to hedge the currency, especially on assets such as gold where you can buy on margin.

Interesting, I never looked at these. There are still arbitrages you can do today that are no brainers but I'd rather not give it out here ;)

You're just analyzing noise that's not how smart money works. GBPUSD was no fat finger, nobody wants to buy sterling when everyone's worried about a hard Brexit, what's hard to believe in this

Paul Tudor Johnes is a very nice guy, he hangs out with every one, you often see him in Gstaad or in Connecticut

You have more chance of doing what you want by managing other people's money. If you have less than 10 clients, don't cold call and manage less than 14m$, you may not even need to register (assuming you only trade derivatives and not securities and that you live in the US). The competition is...

Yes but life is not fair. TradeStation, MultiCharts and all those platforms have some kind of risk management embedded in their shitty script language, you can't send orders in a Loop, you can't send more than a predefined amount of contracts etc. etc. maybe that has something to do. Wait...

It is very likely that they will not be considered as non-display because the exchange has no way (nor does the broker) of knowing whether you use TradeStation / NinjaTrader / MultiCharts "BUY" button or whether your algo does.

I really like the triangle thing you did there but the lyrics could surely be improved

How will you pay the staff? insurances ? servers ? offices ? 1$ per contract or whatever the price is on futures will barely cover your servers and maybe a little bit of technology, but you still have to build robust software, regulatory cost etc... etc... alternatively, you don't need to deal...

I meant the idea that more fees unrelated to executions "per contract" will exist in the future / be enforced on more things / be more expensive.

I believed last time I checked ICE's balance sheet, they made (slightly) more money from data fees and whatever special fees you want than by the 1$ or 1.5$ of exchange fee they charge. So you should expect to see this continue to rise

@Handle123 No CTA charges 40%. Ever. These days it's more like 10% for serious deals and 20% for smaller more HNWI-ish deals.

It can be good to show live experience. There's a fundamental problem to mentoring tho: - A good trader can easily make 500k£ to 1m£ per year. If they don't have the capital themselves they go and work in hedge funds / trading houses / assisted brokerage companies / commodity risk management...

The odds that someone with real money subscribes to your live stream and then pushes billions of notional through liquid futures market in order for you to lose money live, are slim to none. I think you could start by streaming live and see how many persons subscribe and whether that impacts...

That made my day. My abs are in pain from laugh.

I'm starting to worry that you have a serious mental illness.

The FT Is a dumb media and should be burned. The title is very bold compared to the actual content and result of the study

Yes, but it all comes down to the re-partition of the margin. If you have 100m$ of cash and a 500m$ worth of FX position, with 500m$ worth of Crude Oil futures, you should still be good because 500m$ of CL is regulated and is worth 4,000$ per lot or 4m$ for 50k contracts. Most institutionals...

I'm a systematic manager, I've looooong lost faith in discretionary managers, gut feelings etc. etc. Lol unfortunately it's not my bonus. 500m$ AUM at 12% of annualized volatility. Most of the company's business is in managed account so the money is measured in volatility or in risk because we...