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you are right, yet you are not entirely so ... it's only after the fact it becomes historical vol. ... before the fact you call it future vol. ... as a delta neutral hedger you are basically trading future vol, not historical vol. ....

HV was never important for me; however future realised vol versus implied vol was very much so if you delta hedge ...

Short term candlestick reading; don't expect to find the solution in books though ...

I'd like to hear more details on the floor trading part on the other hand, seems really interesting as I once was a pit trader myself and obviously missed that bit ...

Don't know about ED ... but knowing from other instruments ... EOD is about the worst time to play any market that I know ...

makes sense ... I had to think this over a while though lol

really tabasco, I think you are playing a game that's going on a bit above your iq ... to put it mildly ... and that's no offense ... it's even above my iq (and I have a high one to put it mildly ;) ). Do you even understand what Atticus is going on about, if not, and I am very much afraid you...

There are whole bars of gold being given away on ET, you just got to wade through a whole lot of mud ... ;)

Ha, getting it now, I didn't even read the full thread, just saw the remark ... obviously missed something lol ...I have full respect for athlon, I don't know which stage he's at yet cause we only had a few conversations, but I know he is working hard at this stuff ... and he's been given (just...

If you think TA doesn't work ... you are the ignorant one... been sitting in a chatroom for over five years now with 10 people who each have their own method, and they are all based on TA. A few guys are members of ET and are amongst the biggest traders trading their own money, bigger than a lot...

well it seems we all agree on one thing here :D

great post once again Atticus, as a former market maker I can still learn tons from you ... it's not my game anymore as I moved on ... I know whem I am outclassed ;-)

yup, from a haircut point of view at least lol

Also I know the case of two finnish market makers on the EOE who managed to blow over 2 million (I believe it was guilders at that time, could be euro's too, my mind just has 2 millions registrerd) after the gulf war being gamma short in individual stock options as the market shot up ... so from...

you have a point somewhere, on the other hand if these are commodity options, the upside could be just as dangerous as the downside ...

Very good post !

if you don't like it you could always move to IB, they might be a bit more lenient, but beware what you are asking for. IB is always right, no discussions, they know what they are doing, if strange things happen in the proces that lead to a cascade of closings (as have been examplified a few...

ha, you must be gammashort, it's common use for option market makers (who have the best deals in this business ... ) to have such restrictions ... it's called the 'haircut' ...

I must admit, I only became good when I got into a virtual chat room with a few of other traders. But each one of us trades his own totally personal method. Being in a chatroom reenforces good trading habits, helps you fight loneliness and hard times perfection your own personal method. And it's...

They are being nice ... at Interactivebrokers your position would have been liquidated the second you got over your limit (well actually they give you a few minutes to adjust ...; but you get what I mean)