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Mav or anyone else out there - have y'all heard anything from Jane street or other prop firms? I've heard of a few blow ups so far.. No firm ending events, but some big set backs..

What do you think is in store for the future of HFT industry?

Excellent call Maverick.

What do you see that makes you want a long term short on bonds?

Long Vol hedged on X delta (don't have the greeks in front of me)? P.S. Nice natty gas move.

I would agree with you. They probably do. I'm not saying that I can short all levered etfs and make a billion dollars. I was saying that 1) DGAZ was the play. We are timing nat gas. I wouldn't expect the trade to last forever. I would expect to be out relatively soon. At 100% borrow...

Yeah, I figured you understood it. I hope it helps other people reading it. I disagree on the borrow rate being 100% for some of them. You need a better clearing firm ;) GS has always charged highway robbery for the borrow of these. Yes, liquidity and big spreads are an issue but...

DGAZ is the best vehicle to short for a nat gas long play because of the decay(from a stock perspective). I know they don't work in the long run, hence the short. Dependant upon the levered ETF, they are shortable and sometimes optionable. Just like in the long run if you want to short...

Yeah, I've read through the whole thread.. most people were asking about what the A up values were.. I don't care about your multiplier aspect. I was just curious from an OR aspect what you guys used. I was confused from Mav's Monthly A UP number but I now realize it was because I was...

Sorry for my naivety. I remember from the book obviously the daily A up is based on the OR for the day (then some multiplier). For your Weekly OR are you basing it on the Monday of the week, Monthly basing it on the first week, Quarterly on the first month?

How are you guys thinking about targets for nat gas exit?

Oh and two more that I forgot in my previous post: 1. I commend you guys for being able to keep out the trolls. I think the key is just to start a thread and then reply to it so fast that people don't want to read it :p 2. You guys have touched on it before but one of the keys is...

<panting> I kept up with the thread for the first 400 posts but let it get away from me. I've been putting off coming back to it and finally over the last 4 days I've gotten through it. Some thoughts. 1. You are forum noobs :p. You should change your preference settings to go from 5...

Thanks Albert - I appreciate you following up with that response. In an attempt to hijack this thread a little bit, does anyone have any tests to check to see if a system is broken that they'd like to share? I've been reading through a few books on the subject and the ones that I've...

Adding an extra 0 to my sharesize. 150,000 shares later I realize my mistake (typed in 50,000 instead of 5,000). Got out of that one for a profit. Being in 150,000 shares of a stock after hours when I thought I was only in 15,000. Got out of that one (after hours) for a small loss but my...

New downtick rule went into affect for short selling stocks that are down >10% (effective Feb 28th) http://www.sec.gov/rules/final/2010/34-63247.pdf

I do too, and I agree most of the BS strategies that a lot of firms employed have seemingly dried up (either through technological changes, regulatory changes, or just arbed out). There will be a few guys out there still grinding away at it (lescor), who do well. I see a lot of traders...

I've been trading for only about 6 years now. In 2009 it marked the beginning of a washout of traders from the industry that has continued through 2010. I am not one saying 'daytrading is dead'. I have made good money, and have seen lots of other people make great money in 09 and 10. But...

Thanks. You're right - I was using $50/point. I'm not a futures trader :) So he is in a 65% DD right now

Welp, Here we are... several months later. I still follow his blog and I show the new traders around me: see, this is what you do not want to do. I can't follow his performance, but I can follow Sol's. Sol, whom Atilla traded his account for on the down move in the fall, made $3.9M in...