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Scale out for day trading. Scale in seems more of a swing trading thing to me.

It was the speed it dropped not the amount so much.

Good to see that the HFT algos are still removing liquidity. Weren't the regulators supposed to have fixed this since the flash crashes in the last 10+ years

I get what you're saying but I think the idea is that you have some downside protection plus you take in a small profit. Say on weekly options where the option gives you more than the expected volatility would, rinse and repeat?

I'm looking at an ITM covered call but can't figure out the profitability: Luckin Coffee Inc. LK 42.22 2020 21-FEB call strike 41.0 1.7 mid If I buy 100 shares and 1 contract: 100x42.2=$4220 100x41 =$4100 1 contract sold = $170 So, even if price drops to the strike then I am still $50 in...

Whilst I agree with that, it's also unlikely someone is going to get funded 50:50 from a prop firm.

I get what you're saying. It's not really a 50k account, it's more like a 5k account. I mean you could do that... Get the profit and leave. You could potentially trade well for 6 months and try and renegotiate your agreement - you'd know for sure then...

Not exactly truly fair since it's their capital. Why not just make the 5,000, leave it in the account, then everything after is 80:20. If you're successful, no problem. If you break a rule, then you get that 5,000 back and account closed anyway. Not saying the rules are easy. Look at it this...

What I can't figure out with TS is the 80:20 profit split. Most firms offer 30:70 or 50:50 max. Guessing the capital is much higher though

Although the money from a spread is deposited to your account, do spread trades normally show negative immediately that gets closer to zero until expiry? Let's say you sell a call spread. I would have thought that it would decrease in value the closer price is too the spread and increase the...

An actual prop firm probably doesn't do much remote work. There are these funded account companies but not sure how good they are. Their loss limits seem quite tight, eg top step trader US foreign tax investor rules might be an issue too. Surely you can trade us equities with a local prop firm?

Because then you're at your max loss for the trade. Shouldn't it be hedged when at breakeven. Rolling is an option but was looking at hedges

Let's say you have a 40/45 strike bear credit call and the market is approaching 40. The guides I've seen; some suggest putting on a call hedge at 45 to get unlimited upside potential Why not put on a hedge call at 40? Or even an itm hedge, or buy shares. What's the best way of adjusting the...

If you set a buy at the bid price then any market order seller consumes one of the orders at that price? Same as a market maker, no?

Buying at the ask is the normal. I'm trying to set a limit to buy at the bid like in stocks. If someone submits a market order to sell at bid,I get filled. ...or if the stock moves. It saves the spread

On options is it better to set buy limits at bid and sell at ask as per stocks (or midpoints) or is the market not liquid enough?

I had always assumed if vix was going up then the market was probably going down since down moves are usually more volatile. Not always the case though... So, you're saying if vix is increasing then ...?

It's moving more into automation for sure but you still need people to code, strategize, etc. Some of the big banks are also moving more into wealth management and cutting trading desks after the risks of 2008. Becomes more portfolio management than proprietary trading

In the example above, it's non directional, or even bearish ie I don't want the strikes to be hit. Is there any such thing as a directional credit spread. Ie buying ITM or close to the money call and selling a higher call to pay for it? Ie I want to be long by expiration? Or even price is at 69...

Any recommended option scanners? Is the IB built in one any good? I'm particularly looking for something that highlights trades at a strike price vs open interest and whether that increased much every day