Search results

:D Nah... just track record. It's a hair over 60% annual ignoring taxes. A skilled trader with acct under 1MM should be able to do that every year. The question is whether he can scale it.

With the limited amount of information you have, an option position is not best for the circumstances. Your best bet is long ES (the S&P mini-futures). You are making a directional bet without regard to the greeks. Futures are best for that. If you have an IV prediction too, then there...

To the OP, Watch out for state laws. Even though you fall under a federal exemption that doesn't mean the state will let you slide. In my state, even an IB f&f account required that I pass the 65 and setup an RIA. At that time I was also trading mostly index ops, but also some equity ops...

This list is eerily accurate. I would just add one thing. 37.2 -- We get a little overconfident and don't adjust to changing market conditions and market humbles us again. 37.3 -- We realize that while we thought we were at #37, in reality we were only at #34 again.

Cheese is spot on in his posts on the time-frame that he is referring to. Indeed, the volume required to hold a level of support or resistance in the commonly traded futures (eg ES, NQ, CL, etc..) for a full day is staggering. Any attempt by a single institution to do so, is speculation at...

Anyone here tried using ninjatrader, openquant, etc... in conjunction with IB SpreadTrader? Do any or all of them allow for automation of SpreadTrader orders or conditions? Thanks guys

It really isn't hilarious. It is perfectly in line with the market driver right now. Conduct even a basic analysis of the correlation between the dollar index and SPX. Almost all current equity growth is coming from dollar valuation. Has been this way since early 2009 with few exceptions of...

Disclaimer: doesn't really matter to me what happens on a weekly time-frame as I trade intraday. It is very unlikely that we see a break above the ceiling at 1277. Support at 62 is even stronger. Should stay easily within that range all week and most of next week. I expect an eventual...

It is just a cycle like anything else. If you have the energy you can ready all you ever wanted to know about credit verticals from my journal and Optioncoach's journal. All arguments have been made and that was during that last big credit spread boom. It should be noted that the gurus from...

Sorry. I was once quite generous in helping others to become profitable. I'm still very willing to be helpful for those trying to find profitable strategies, but I can't in good conscience divulge the details of my current strategies. Too much $ at stake. Maybe one day when I decide that...

you are referring to friction. the various types of friction are mostly represented in my groupings.

Didn't say that I couldn't do it. It was my main strat for over a year and for the most part it was profitable. The better I got at it, the more I realized that there is zero edge in trading the IV drop after earnings. If there is no edge then by definition it has a negative long term...

"Low risk = Low reward" That is another untrue statement. Well, I shouldn't say untrue. It is a very misused statement and is only accurate under certain conditions. A more accurate statement would be that "lowER risk = lowER reward if positions are entered randomly and the vehicle is the...

Absolutely an untrue statement. The long term expectancy of a credit spread strategy with 100% profit potential is better than the strat with 10% potential. IOW, ATM credit spreads vs OTM credit spreads. The long term expectancy of the ATM spreads is better under every trading scenario I...

Clarodina, Keep in mind that time and volatility are simply synthetic equivalents. IOW, I can replicate an instantaneous passing of time via lower IV.

Been there, done that..... No edge there. Trading earnings is absolute speculation.

You can't capitalize on the post earnings IV crash successfully over the long term. There aren't really any options strats that I haven't analyzed to death under those conditions. There is absolutely ZERO edge in any of them. It is pure speculation. All of them have a slight negative...

The reason why unemployment is at 10% is..... 10% of people claiming to want to work AREN'T working. Notice that I didn't say aren't able to work. Likely breakdown of the 10%; 1% -- Qualified and diligently looking for work that matches their skill set. Will likely have to accept a...

First off, I am not suggesting that IV and Delta are correlated at all. They are both factors in the pricing of an option. No offense, but this is Options 101, if you don't know this, then you should not be trading real $ yet. Let me break it down for you a bit. If you sell a bear call...

The IV and delta are not related. But if you are losing on the delta side, you are hoping to be gaining on the IV side to help offset those losses. What I am saying is that when you sell any option spread for a credit, you are always short volatility. IOW, you think that VIX is going even...