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Actually, it's an interesting question ... Is there actually a job that exclusive involves trading options? Let's exclude market making. What career path leads to one? I have an acquaintance who does options related research at Goldman (some volatility surface voodoo) but she definitely not a...

@schweiz, I agree with what you are saying, but I think you are being a bit too harsh.

I like it! What book is that?

https://movement.capital/the-true-cost-of-hedging-sp-downside/

I find it to be a bit of a parodox ... You need coaches to bring you to a level where you are able to make your own rules, often contradictory to what was taught. I love this quote, but don't remember by whom - "The best students never quite believe their teachers."

Maybe Robert was right and there's no conspiracy after all. May 09, 2019 Liquidity Matters: Amid Equity Market Melt Up, Dark Pools Continue to Slip Larry Tabb TABB Group Follow | Profile | More Share A declining VIX framed the US equity market in April 2019, as lower trading volumes...

Sorry, am I the only one who doesn't know what M1 is? Vaguely remember something about Federal Reserve money supply :)

Mark, didn't you learn from professional trader? The guy is asking - "Is it a good idea to start as a trading assistant in a firm instead of doing it on my own? "

What do you mean "manually?". You mean you normally have a stop loss order in place?

Everything is simple until you start doing it. What happens when you bring up your workstation past 9:30? What should happen if the market closes early for the holidays? You are dealing with real money and it takes seconds to do serious damage or possibly wipe out the account. You bet there...

Please be more specific.

It's often much harder to teach someone with experience than someone completely new. It's like if you learn to play sports (tennis, golf, etc) by trial and error and hire a professional coach. He will be like ... OMG, who taught you to play like that!?

Far from an expert here, but my take on it is you will most likely pick up many bad habits and spend lots of time chasing your tail. So if you are young, I would say being near professional traders is priceless. Let me say this as well to help you make your decision. I was listening to a...

Right, that is on closed trades basis ... Tells me nothing how much heat you took to get there. @Overnight insists it doesn't matter, but it matters to me ... I am chicken little :)

Yes, but I am just trying to gouge the style ... There are only two ways that I know to achieve high (>70) win rate 1) have a VERY good edge (like HFTs) 2) sit through large (relative to the avg win) draw down and work the trade into BE/win(usually involves adding to losers). Both maybe...

That's what they all say, but we have been in a "low volume" environment for many years. I suspect SEC may start shaking up dark pools and are giving heads up to the big players to clean up their act. Will be keeping an eye on it ...

You mean throw away 5% best and worst "outliers?" That is good, but that's on closed trades. I am interested in how much of a draw down the trade suffered prior to ending up a winner or a small looser.

Hm, that's surprising. Anyone know why? My guess that either more regulatory scrutiny is coming or they simply cannot compete on technology front. https://finance.yahoo.com/amphtml/news/citi-shuts-dark-pool-platform-112511413.html#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s