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Ok dude, here's the thing: Besides SLE, nobody here has a clue. Especially the clowns who mix 5% - 20% asset allocation per trade with risk per trade. Don't listen to them, honestly. It just discourages you. I was in the same situation a long time ago. No Ivy league degree, no math...

yeah, right...close but no cigar XD

In all honesty, walk over to nuclearphynace or wilmott forums. Most of ET users don't even know what a quanto is.

You are just betting on autocorrelation. If your market features autocorrelation, system works. If it doesn't, system won't work. Market only moves randomly when you don't know what you're doing

Well you can verify that for yourself pretty easily. CME and Comex together are doing about 1% - 2% of the entire BTC volume. As a comparison, it would be like saying the purchase of 15.000 AAPL puts caused the stock to crash from 230 to 170$. Does that sound reasonable for you? If so, perhaps...

The key to understand here is they are NOT priced in USD!! They are quoted in USD but settled in BTC. I don't have any info's that explain the bucketshop trade, you have to do the calc yourself, but the principle is basically the same. Have a look at this article, especially the graph at...

Hi Michael, don't get carried away with this. This spread is NOT an arb :D. Don't think you go long DEC at -50$prem and short MAR at -50$prem. DEC decays faster, so tada: risk free profit. No, not an arb. The problem is that the P/L of those contracts, be it BitMex or Bucketshops are not...

Those are fixed contracts. You cannot convert an XBTUSD into a USDXBT contract the same way you cannot convert an ES futures contract into a 1/ES futures contract. With currencies, arbing bucketshops is easier since you definitely can trade the reciprocal of USD/EUR but you find these things...

hm...sounds good. But how do you trade the reciprocal of a futures contract...

I wasn't quite sure were to put this, but since some options guys here know how to math, I figured the options subforum was best for this. I thought about posting this to the eggheads at willmot and nuclearphynance, but wanted to have a practical solution :) Currently I'm dealing with quite an...

Since OP mentioned PDT, I was talking about stocks only. Futures...well, it's TT, CQG and CTS for retail and except CQG, prices are quite manageable. However I'm not quite sure what 25k will do in futures. Minimum tick values are insane for a beginner and you can't really scale in/out with...

I would not necessarily do that. I'd take 500 bucks exchange that into Bitcoin and deposit it on Bitmex. Get a Sierrachart subscription for 30$/m so you have a halfway decent frontend and start trading with 500 contracts per clip. Takes 5 min to setup, zero paperwork There is no cheaper way of...

Well, I trade to pay my rent, you had a signal service. Your comment doesn't surprise me :D

No, it's not. Just because you make it all the same, it doesn't mean it is. Also, there is no such thing as "proper" daytrading. It's either profitable or not. Just because a red doji falling hammer morning star reversal pattern looks the same in Italian interest rate futures and the soybean...

With regards to Warrior Trading et. al. there has never been an official statement nor has there been any video of his platform showing the fills. I would not call him out or say it's a scam without any proof, but I personally doubt he's for real. And even if he was, he trades microcap momentum...

Well, the game isn't really noticable when your orders have such a huge edge (like willing to pay up 1$). For you 2-5cts slippage doesn't do very much since you probably trade for points. But think about it what that does to your R:R when you trade for 10-20cts with 5cts leeway. turns a 4:1...

Well, I forgot about the fee-hovers like naked short gama or passive investing, but they don't generate any alpha. It's definitely not rocket science, I agree, but it's also not gambling like the retailers do.

I wasn't talking about difficulty. I think you're correct that probably the most difficult market is FX. But thing is, even in FX you can get access to Tier 2 market (while Tier 1 market being interbank with custom credit lines that isn't much different from Tier 1 in terms of bid/offer spreads)...

Guys, do you really think the big money is putting millions on the line because of a chart????? And uses stop losses???!?!?! You've got to be kidding me. First of all he trades so big that his size would move the market, so a stop loss is totaly out of question until you think front month CL...