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What I dont get is why the market makers refuse to trade with someone due to their status Why were they filling me all day long as a retail schmuck,but wont go near me now that I have the Pro badge?? Makes no sense....

You are spot on..I naively thought I would get a fill,and sent out 100 orders...Those pussies wouldn't trade 1 single contract with me..Not one... The good news is winter is OVER,and it's about time I join you fine folk and trade directionally..

Im screwed :) "Just when I thought I was out,they pull me back in".. Anyone know what movie that's from??? I haven't had a true down day (other than bad mark) in 2 years.... Direction???? This is not going to be pretty

So its not my imagination..I went from 60 mph to ZERO in a nanosecond...

FWIW,I was just designated "pro customer", and the real crusher is market makers have stopped trading with me( at my price). I was sending out 400 plus orders and splitting markets all day long. I haven't executed one contract better than mid market since the designation....Im literally out of...

Cant speak for he OP,but it appears the exercise is to see what percent of cumulative swings or max range move traders capture....500 to 1 leverage is just an arbitrary figure being thrown out.. One can then look at vol stops,position sizing etc,but max potential "perfect" profit is somewhat...

That's not 100 percent accurate... Some MM take Delta bets,others skew/gamma/vol bets due to 1 way flow..

The OP is sending us on a wild goose chase with loosely worded terms like "catch it all"... WTF does that mean??? Is,he suggesting buying the absolute low and selling the top,or catching every swing,rinse repeat while magically side stepping a 20 bps correction??

LOL!!!!!! Then what?? You pray to the trading gods that you dont lose 20 bps on any given trade

Hes talking percentages,so dollar amount doesnt matter as we know we are trading 500:1...

not sure how can know the max percent profit (employing leverage) without knowing how much the asset goes up...

When I take shots on a percentage of profits,Im good with the loss.. I also realize that I can not physically/mentally keep on grinding at my core business,and that's assuming my "edge" doesn't vaporize.. I am on track to trade over 1 million option contracts this year,and it's too much mind...

Im in a similar position as you,but with much more experience... I have a core business which is market making,and its as riskless as riskless can be..Its a Very low margin business and commissions are apx 25 percent of my P and L ,and that's with very low rates.. Imho,my returns are capped at...

Yeah,but he's referring to the nuclear waste we had to take the other side of when we worked on desks.. I'm talking market making more in the sense of a floor trader,where you only initiate with edge.. He also appears to have a disdain for pure direction...Not sure why

3..You can be a Market Maker...

Edit: Works in All markets ,in All time frames ,SOME of the time..

Would you be so kind to define "strongest charts"? I'll go out on a limb and guess it's not RS rank or a ROC measure You don't strike me as the quant type/momo looking at vol contractions-breakouts based on close to close vol vs H/L vol..

Guilty as charged..Part 2 was trader cruelty...not cool:)

Op,you understand ratios vs backspreads?? Ever look at Delta/theta ratios or gamma/theta..

Selling puts doesn't kill,Leverage does.. Time and a place for everything