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Hello, I have never used IB's portfolio analytics tool, but I was taking a look at it today. It seems like this thing is dollar-weighting the greeks? Is there a way to turn that off and on? -segv

FYI, getting compensation will bring you under the definition of an Investment Adviser in the United States. Get advice from an attorney in your state before proceeding. -segv

If it looks to good to be true, it IS too good to be true. Have you followed a scientific process? I suspect that you have not, given that you are posting on Elitetrader in an attempt to understand and validate your results. 1. Observe, Classify, and Define. Can you describe...

Too many. Off the top of my head... Acoustic Leo Kottke: Oddball Leo Kottke: Peckerwood Doyle Dykes: Self Portrait on Jazz Guitar Pierre Bensusan: The Alchemist Pierre Bensusan: Intuite Michael Hedges: Bach Prelude (live) Michael Hedges: Ariel Boundaries Electric: Jimi...

Wise words. Do as I say, not as I do. :) -segv

I agree that human beings are terrible at estimating the likelihood of future events. And, I think that Taleb's reasoning has some real-world utility. For example, the pricing of most LEAP contracts with expiry terms in excess of 1 year. Are you always contract neutral in each underlying...

Probability is a funny thing. If you walk across a street on a regular basis, probability says that getting hit by a car is inevitable. Indeed, for every day that you live, the daily probability of death approaches 100%. These people out there eating, crossing streets, driving cars, drinking...

Mav, I tend to be a net buyer of premium, but I am curious as to what extent you believe the "sigma event" risk is or is not diversifiable? If the average occurrence of a "portfolio destroying" event was 1 in every 100 years, would you be willing to take that risk? How about 1 in 100,000...

Yes clearly, he must be. Just imagine the legions of quants who will read this thread, then suddenly stand up at their desk shouting "Eureka! Shorting OTM premium with a Martingale component!". -segv

That is quite simply wrong, Buy1Sell2. If the option is trading at fair value, there is no inherent edge in selling versus buying the option. Otherwise, an arbitrage opportunity exists. -segv

Autoquoting is harder than you might suspect. Additional quotes translates to additional hardware, bandwidth, and software licenses. It is a very large cost with a very small return. -segv

Early excercise, for one. -segv

So, I take it Java is out of the question? -segv

I understand, bolter. I was just trying to be succinct and descriptive for everyone else who is not a professional involved in the industry. -segv

The definition of the term "proprietary" when referring to trading firms depends on the context. For example, the CME has a very terse definition of "proprietary trading" that requires an employee-employer relationship between trader and firm, along with no risk capital on the part of the...

My advice to you is to keep it very simple. Trade futures, equities, or forex, but not all three. You will have to satisfy very different regulatory requirements for each class of assets. This translates to direct cost in the operation of your fund. As a start-up you need to concentrate on...

They definately care. Prop firms make their money from commissions, fees, and haircuts. Many will not tolerate overnight risk. The first words from the mouth of a prop manager will be "What kind of volume?". IMO, the value of a prop firm to a well capitalized trader is limited, unless it will...

You sound discouraged. What is preventing you from starting a fund in your home jurisdiction? It seems to me that the complexity and cost of doing so would be greatly reduced if you did. You are attempting to establish an auditable track record in the hope of soliciting future funds - so do...

I agree. VTrader is a good group in my opinion, though I am not affiliated with them. Pete Cadwell is the man to talk to. Most of their traders are remote. Lundy, are you still in SF? -segv

It is not as if traderstatus was spreading information from a questionable source. The data he provided was from the IRS web site. You have some interesting theories about how and when the IRS selects taxpayers for audit. You need to wake up and realize that the IRS has uninhibited...