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I thought we were talking about professional as in running OPM. You can become a millionaire or blow up your own money no problem. But think about the article I posted, could you hold yorself to same standards? Most likely no and that's fine, but you can't say you are "professional" trader, imho.

I don't know but found this interesting read https://www.elitetrader.com/et/threads/curb-your-enthusiasm.327019/

You don't think that if enough people/systems watch the same squiggly lines it may be something worth paying attention to?

Perfect ending to this bizzarre thread. I think what you are talking about is what the guy in the video doing. I kinda like the concept.

Maybe I'm have too negative view of the industry, but I take it to mean that you are going to be ...

Before I get myself into trouble:

Don't know anything about HFs, but I think I'm getting at what digitalnomad is hinting at.

Well, @Overnight, maybe it's time for me to take up your challenge and post my BS Sim trades :) Below is based on 2/08 9:30-12:50 (auto shut down). Trading via sim - passive limit orders only. "VXXB!" is the short counterpart just to fool my system not to consider position flat) But I could...

Try what? I am trying to understand if there is any reason why one would deploy such a scheme in a legitimate way. I have not heard (maybe not understood) anything from anyone to convince me that there is any reason to do it. Sig, Sle, and Des (Robert was too nice) telling me I'm an idiot...

Position=1000 A) sell 1200, buy 1200 => long 1000 (shares traded 2400) B) sell 200, buy 200 => long 1000 (shares traded 400)

Commission wise?

If I am long 1000 shares and I think temporary pull back is coming, I want to have a starter short position of 200 shares. Instead of selling 1000, shorting 200, covering 200, buying back my original 1000 ... Isn't it more efficient to keep 1000, short 200 in a separate account and then cover 200?

@volpri, can't you do what you are describing in a single account? Sell some, buy some back. You can designate some portion of your position as long term and add and reduce. That's trading around your core position. Besides logical/reporting/accounting separation, what is the advantage of...

I run on Linux. Looks like you are not taking my advice to start with easier API ... Good luck :) You don't need GUI, the api connects to TWS so you can see orders and positions. You can cancel/modify orders via TWS and your app will get notifications.

Correct, I'm not saying you are wrong. I don't know what is best for every strategy, I'm just providing an alternative way of looking at things. For thin stocks with large spreads games can be played just by moving bid/ask around or pinging with 100 shares to see what happens. So all I'm...

What you said is exactly what I was looking for. I was not disputing any of it but asking for you to explain what differentiates his teaching from others. Now you might have helped someone to make up his mind . No need to be so defensive.

But 30-37% is impressive, just via selling premiums?

But they should be relatively close, you would not expect stock with 10hv to have 50iv, right?

In two years, sounds like you have a good system. One thing I am curious about ... 2SD is only 5-15%? Sounds like low HV stocks which normally don't have juicy premiums.

How do you know? What makes him different - he has a website? I don't have anything against him, but did you see him trade live? You don't have to, you may still get 10 times your money worth from his education, but that doesn't mean he is trading what he is teaching. The concepts are all...