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I'm assuming here that people trading options full-time are not day-trading them, i.e. they don't spend the day in front of their screens. How is your day split then? How much time do you spend actually entering your trades vs research and preparation? Thanks, Joel

My original question was in the context of autotrading but it does not look like autotrading options is what people here do. I'm also learning that backtesting options is useless, most people here use a discretionary approach and that there's not much software to be written to trade options...

Are there any advantages to OptionVue vs. the ThinkOrSwim software? I figure buying OptionVue is like instantly going 2.5-3K underwater in my trading account, something that I will need to make up. A lot of people are enthusiastic about what ToS provides (greeks for the whole portfolio to...

Slowly, please! Very slowly! Is there any sense in backtesting options? Day-trading them? Thanks in advance, Joel

Folks, I may have posted in the wrong forum and don't want to re-post. I'm trying to decide whether to trade futures or options. The original thread is below. Any advice? http://www.elitetrader.com/vb/showthread.php?s=&threadid=80494 Thanks, Joel

Maybe I should ask a more general question... My first and only trade ever was a directional play on AOL when they announced unlimited modem dial-up for $20. I borrowed $700 from a credit card and bought two calls to give the stock more time to go up. I was up to $1900, decided to wait...

Folks, Pardon a newbie question but what are the pros and cons of automated trading of _options_ vs. futures? From what I read it seems that most options trading is discretionary. Thanks, Joel

Folks, Is there any interest in a wicked-fast open source order management system? I would love some advice and guidance. Your advice, my work! Please reply here or at http://groups.google.com/group/gemtap/browse_thread/thread/83d8c906398b70f1/89c4ae7c913590eb#89c4ae7c913590eb...

@NanaTrader This spirited discussion is not going in the right direction. I edited my blog post to clear up my intentions. To wit: Just offering the software for free won't bring people to my platform. I have to offer something unique and compelling which is what I'm trying to do. I'll...

Two people will appear online if they are online at the same time. Only one or none will appear if they are not. Lets stick to the topic, shall we? What do you think of my design? Do you have any suggestions on how to get data into the system?

You need to come up with the capital somehow ;-). Developing products also fills some psychological voids, etc. I'm trying to sort of do both, except I won't make money on the core software since it will be free.

I have to point out that I'm not horribilicus. A little investigation into our previous messages will surely prove that. With all due respect your comment is very much off-base.

This is not a problem at all. I will need to translate EL into something that my system can execute internally (Erlang). This implies that you can see what the translated version looks like and use it for further development, or you can do all your new development in the internal language while...

Folks, I would like you input on the platform that I'm designing. I'm thinking of building Uptick as a scalable backtesting and execution platform for EasyLanguage strategies. Open source by all means. My unique proposition is to enable you to build a cluster of cheap boxes for running...

Just to elaborate a bit... Trading systems are essentially processes that respond to quote messages. They must always be up and running. Market data and execution feeds are your basic protocol handlers and of course Mnesia is the data server, shared by all trading systems. Erlang is built...

Folks, I'm resurrecting Uptick as a real-time data and execution backend built on top of Erlang/OTP. There's more in the Google group and in my blog. The product will be open source so I'm looking for you to contribute ideas, critique and suggestions. Thanks, Joel

Anton, Would you care to elaborate on your technology? An architectural overview would help. Unless of course you were just dumping serialized .NET objects to disk and compressing the data stream. I don't think this would compare to KDB. Thanks, Joel Disclaimer: For a year I sold...

I'm building "KDB for the rest of us" and the core will be open source. Visit http://wagerlabs.com/uptick if you are interested and click on "forum" in the blog headline to join the discussion group. I'm looking to process, say, 1000 ticks per second but my main emphasis will be on similarity...

I started a project just for futures tick collection. Take a look at http://wagerlabs.com/uptick. I'm doing it in Lisp, though. I will post performance figures once I have them.

The issue is the amount of programming that you need to do. I tried implementing fail-over as you suggested and did not find it easy at. Erlang _does_ make it easy, though, and it scales.