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I trade/understand neither, but shouldn't you first define for yourself what it is you would like to achieve? Once you are clear what the long/mid term goal is, you may get more relevant answers I think.

"Tactics is knowing what to do when there is something to do; Strategy is knowing what to do when there is nothing to do" - Tartakower In chess we have the obligation to move; there is no option to skip a turn if you can't identify a direction that suits you. One of the great challenges of the...

- Strategy - The distinction between tactics and strategy will be important to us. Whereas strategy is abstract and based on long term goals, tactics are concrete and based on finding the best move right now. Tactics are conditional and opportunistic, all about threat and defense. As Sun Tzu...

Was listening to podcast with this guy and I believe he too knows what he is doing. https://capstonetradingsystems.com/collections/cobra-trading-system

It's only a scam if you let yourself be scammed ... The statistics are well known. Here's my opinion of the type of players in this field: A. Talented people with some poof of accomplishment - actively being recruited by top firms from prop to banks. Estimated success rate: 95% B. Possibly...

A map of the mind Having a personalized map of your decision-making process is essential. The map tells you which areas of your mind are well-known to you and which are still uncharted. It reviels your strengths, weaknesses, and areas still untested. Most important, you must develop your own...

Not for the purpose of your question. Pegged order should always be hidden/non-display. Otherwise, it itself will cause BBO change and will chase itself to the opposite side. The only exception may be zero offset since you are joining BBO. Some exchanges support pegged orders and some don't...

What makes Chess such an ideal laboratory for decision-making process? To play chess on a truly high level requires a constant stream of exact, informed decisions, made in real time and under pressure from your opponent. Chess is a unique cognitive Nexus, a place where art and science come...

I want to try an experiment here. Picked up this book and thought I would do kind of a public conspectus as I read it. I am hoping this will prove useful both for me and ET members. I will try to keep it short and as relevant to trading as possible. As I quote things from the book, I hope...

"ElOchoCinco- Huge empty basket of Fvcks to give." I haven't seen anything from him lately ... Shame, sounded like a knowledgeable guy. Hope he's fine. https://www.cnn.com/2019/05/17/celebrities/grumpy-cat-dead-intl-scli/index.html

That's what I say about you Futures guys ... Rolling, unpredictable margins, mark to market, Corzines ... Insanity! :)

Would you mind sharing in what capacity did you use options at work? Market Making? Hedging? For clients or for the firm?

Couldn't agree more! You have discretionary traders who can teach you some tricks, but they cannot simply transfer their hard earned edge (including psychology and gut feel) acquired over years onto you. To me, this is the reason 90% fail/quit ... They don't understand that the edge doesn't...

Yeah right, like they have anything to gain by that. The way I see it, you either get a job in the industry (good chance you will never see a trading floor) or join a prop firm(good chance you will never learn anything worthwhile). Amusing story. Always had a dream to work on Wall Street. I'm...

This is the second "I am done with this" post in a short while where people say that their account is depleted. Hard to understand why people put hard earned money on the line when there are so many options available nowadays. Gambling?

Maybe not as far as price, but something gotta move (or not move) to profit, no?

Is that because you were a market maker and you no longer have the same access as you used to as professional? Funny, a friend of mine, whose opinion I respect a lot and who is also in the industry, gave me the same advice. Said that I could not even imagine how efficient options are. What is...

But what are your options then? Clearly if you can get to Jump or Tower you will do better, but few can. What are the rest of us dreamers to do?

Not options trader, but I think a good question to always ask is - why would in a such competitive environment there would be an "easy" edge to be found? It sounds to me that all the premium selling advocates take advantage of peoples desire for instant gratification. Catering to people with...

I posted a good podcast in this thread: https://www.elitetrader.com/et/threads/trade-in-spare-time-or-go-to-trading-firm.332355/ https://www.prnewswire.com/news-releases/t3-trading-group-enters-into-a-strategic-partnership-with-maverick-trading-300789911.html I have never been part of prop...