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My broker (TOS, but as mentioned, I'm sure others do as well, but I'm familiar with TOS) allows you to enter an option position based upon movement in the underlying. For example, you can trigger to buy a $100 SPY call when SPY drops to <= $100. Further more, it allows you to place a limit order...

Does anyone in here trade the QM besides the CL? I'm just curious if it is a suitable (less-leveraged) equivalent or if it has a mind of its own. I've been following the CL (don't trade live), and it's got some sweet moves, but it's a bit over leveraged for my tastes at the moment, so I was...

My personal favorite these days is c#, though I have heard good things about Python as well. Taking a class is certainly a viable option, but I think you can do wonders just by grabbing a book and trying on your own. You can get demo software (Microsoft Express C#, etc) and there are tons of...

Good stuff, guys, Thanks. I don't think I need anything super fancy, but from what I've seen, the code required to implement the database is pretty straightforward and the data-binding looks like it'd take away a bunch of grunt work back-end stuff. Thanks again.

Interesting how it references the American auto industry.

If you are able to sit and fiddle with your orders, it makes sense to split the bid/ask and maybe even try to shave a little bit off that. If you're not filled right away, you can just keep tweaking it every so often until you are filled. It all depends on how "hands-on" you want to be...

Not sure if this is the right forum, but for you guys who code your own platform, did you implement a database for your historical stuff (quotedata, trades, executions, etc, etc) or just store things off as a textfile, .csv, etc? What are the tradeoffs/advantages of having the database? And...

Can someone enlighten me as to what exactly it means to trade without a stop? Perhaps I am just misunderstanding how the term is being applied. I consider any reason to exit a trade with a loss as a "stop." It can be mental or physical and based on fundamentals or technicals (or phases of the...

True, but unless you are trading a stock with some extreme short term volatility (such as a pharama company prior to FDA approval or some kind of news lawsuit), I don't think Vega normally experiences a huge movement over shorter time frames (the OP mentioned 5-10 day trading periods). To be...

Interesting approach...I have actually traded diagonal spreads by initially purchasing the long leg and only selling the short leg after it goes against me to the point where I would have set an equivalent stop loss. In the cases where you get a runner, you're in a long option only, so you're...

Gotchya, posts without edits. COMING SOON!!!!! :)

Did you actually take a look at the webpage? (Oops, you got my post in between edits, so it obviously looks unfinished).

Really? Do you have a 3D printer so you can eat the spam that you'll get from typing in your email on the front page? (How can you not resist taking a look at a page called "investimonials.com?" Admit it?) Looks like the advertising budget is siphoning off funds from web development. COMING...

Spreads are great, but one issue is that you are capping both your risk and your reward. If you typically let winners run as far as you can, then at some point you will either have to buy back the short leg of your spread (eating bid/ask & commission) or use wide spreads (in which case your...

If you are purchasing ATM or OTM options, you will need to re-evaluate your risk-reward as well. ATM options will only participate in a portion of the underlying move, according to their delta (about 50% to start) and this percentage will change higher (as it moves in your favor) or lower (as it...

Yep, bid/ask spreads are a major downside to DITM. You're talking at least $0.10 difference for semi-near term (1-3 months) and that's for the most liquid issues (MSFT, etc). Makes it tougher to turn a profit when you eat $25/contract each way.

"Real" tick charts would, but platforms like NinjaTrader implement a tick chart from the IB feed, so one would think they could implement that style of tick/chart in their own platform fairly easily. That'd be better than nothing.

In flipping a coin, the probability of your system is fixed (50/50 in the case of a coin flip) and doesn't change. It's the same in roulette or any other game of chance where the system parameters are completely defined (# of cards in the deck, # of spots on the wheel, etc). In the market, your...

Didn't get a chance to edit last post before the 30 minute time limit... What I meant to add was that since the shares will be purchased at $100 and are currently at $98 appears to mean there is the good possibility of a free lunch. Since there are no free lunches, I was just wondering what...

For my education...Buffet is offering $100/share or equivalent of Berk shares (referencing the previous post). What is the reason that BNI is currently trading at a discount to that value? (Right around 98-ish) Is it simply because the deal hasn't gone through yet and people are holding back...