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1) Yes, it works; we trade 20+ systems at a time. 2) Yes, the development time and costs are lengthy and expensive. 3) No, systems do not work forever.

Shorty, I know a lot of people using Starband or DirectPc, it has problems, but it is far better solution than you have.

Thug life, Why exactly are you anti -Terra Nova and where do you clear now?

SIPC is for customers, not professionals.

Radarstation blows up on large scans.

Verify the outputs of any valuation model you are using, the math is off in most and focus on your baseline of HV, there are better ways to calculate than the standard models. The extremes between the two are obviously the key; and the models you implement will determine whether or not you...

Cartm, Just sent you a PM with my phone number.

Cartm, Your numbers sound realistic. Would suggest a Big 5 firm, not Anderson. Who signs off is more important than the fee.

$500,000 in professional fees, $5,000,000 to $10,000,000 to market, $1,000,000 for first year operational expenses; I worked on the idea in the late 80s, we were a syndicator and had the infra-structure then, we passed on the idea, mistake on my part. Looks less appealing now, but I was wrong...

What quote vendors?

That is a surprise?

Controlled by the OCC; at best case, if your broker subscribed to the OCC's update service, he would catch up the next day. Otherwise, call them and they probably can manually input a new strike, if they want to.

If trading is gambling, that must make us the house.

Multiple positions, non-correlated multiple strategies is the game.

I agree; experience gives you the ability to read lots of useless garbage and listen to endless bullshit, and pick out that bit of useful information that you then know how to apply and have the resources to do it. Experience also gives you the personal contacts on the trade desks, floor, etc...

Not exactly legal, you will fall into the "Controlled Foreign Corporation" rules, if I quoted that right, whether or not you distribute, "legally" the income passes through as phantom income. Number of ways around it, get a very big and reputable accounting firm and give them around $25,000 and...

Probably not, if setup right. definitely not legal if you care about that. QUOTE Will the brokerage want to know who really is behind the IBC? If you figure out the above, I think you can get by this.

freehouse, They are still out there, a little less than 1,000 a day, but the majority of them disappear after 1-2 seconds, don't try hitting all the strikes at the same time though, you will get filled on every leg but the one you want. You need to identify the mispriced leg, standard pricing...

As your capital base grows you tend to scalp more instruments, other markets and different systems.

That is correct.