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Green but crappy week. Shutting down a bit early since quotes suddenly got horrible just before 1st imbalances.

I like this post as well. It took me a long time to learn that if emotions are hurting my trading, then I'm doing the wrong type of trading. Automation helped a ton, and after getting back into some manual trading toward the end of last year, it only took a little time to realize I had...

Need to get much faster on the keys for the morning hour. Missing way too much on manual trades. +160

+207

I worked with someone about 4 years ago who had his 7and had filed BK. I honestly can't remember if he had filed for BK before or after he obtained his 7, but he said it was not an issue.

Missed the first half of the day. Looks like it could have been pretty good. One trade. +147

Nasdaq cancelling all orders < 20.

Holy cats. Hell hath no fury like a thread with the word "Jesus" in the title.

Life lesson #4386: When you post on a trading message board, and people start giving you advice on what and how to trade, you eventually learn that the particular method of trading which works for you has very little to do with the advice which has been offered. Learning what works for you...

I sure wish mine was with me. But so it goes with this weather. At least mine will be with me tomorrow. Some friends of mine can't say that about theirs because of cancer. Lets please keep things in perspective folks.

Well, if you're truly hedging equities with options, wouldn't you want to be? Now gamma scalping and looking for an IV pop is another animal. Those are beautiful trades when you can time them somewhat decently. But how would a MM deal with that when IVs were so high earlier this year? thx

I'm having trouble understanding why it's hard to understand why it's so unattractive. If someone is doing well on their own with a 6 or 7 figure account, why turn it into an accounting, marketing, legal, customer service nightmare? Leverage is out there for anyone who wants it. But if...

But I have some trouble with this as well. How do equity market makers hedge with options while remaining vega neutral? If this is possible, I would like to know how. In other words, if it is possible to remain delta neutral, and vega neutral, while your equity position is constantly...

That's what I was thinking. It's great when he can exaggerate the move when the news is in his favor, but what if the news is against him and it continues to trend up? I have a lot of trouble believing that gaps are a primary way for a specialist / MM to hedge against losses.

Sounds like a pretty good gig if you can get it. Thanks.

I understand it's a harsh world out there. I just hadn't any experience with a firm which would give you extensive training, and then turn you loose. As always TZ, your delicate insights are appreciated.

I hadn't thought about that angle. Always an option.

I'm too old for something like this, but I know a couple of younger guys who may be interested. It seems like a 2 year intern training program where, if you're not offered a permanent position at Piper, they toss you out the door and tell you, "You're welcome for the training. Best of...

I don't know about tomorrow, but it was worth sitting down today. +378

My week so far. Up a little. Red, I wish I knew how you find so many trades throughout a slow day like this.