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The wife is on board. It's hard to move to cheaper areas because all of our extended families live close by.

Yes. The strategy is agnostic to general market trends. It is correlated with price volatility, however. Summer doldrums in August are not good. But, no one can make money then either.

Exactly. Money isn't everything. I value my time too.

If I stay at my job I plan at most to work as a sellside trader for 3-5 more years, then change jobs so I can see my family more. Also, you are forgetting compounding effects. If the strategy works for more than a year, the profits really start to add up.

Yes I have. I think I am in the clear as long as I don't form a legal entity. Clawback is up to the firm's discretion though so I plan to ask the clawback committee right before I resign, just to make absolutely sure.

First, I really want to thank people for the responses. They have been very good. Thanks. Secondly, I've made the decision about whether it's a currently profitable strategy at work. What I haven't quite decided is whether it will be profitable at home. Everything is done for you at a...

I think I haven't made this clear. I trade this strategy right now at work every day in the desk's portfolio. Over 80 business days of doing it I am up 70 of those. My net profit is 50% of the capital I am using using. My worst down day is about 70% of my best up day. The down days come in...

The hours are awful even above VP level. But as riskaddict was asking, it really depends on where you work and what your desk is like. There are guys next to me that work 13hour days and guys 1 row over that seem like they only put in 9-10hrs. Part of the problem is meetings yes, but not...

The strat is pretty high frequency to the extent that in a month or so it will be obvious whether it is working or not. It won't take years. I figure if it fails miserably at launch, then I have no resume gap. The problem is what if it works for only 6-12months? If it works for 2+years then...

Well, I am pro trader right now, but unlike trading on my own if I lose money I just get fired, no one confiscates bank account. However, I used to gamble for a living so I'm used to the swings, 5 days down in a row, etc. Of course they bother me, but I'm better at handling them than most (not...

2 - I have deferred compensation that the bank will claw back if I try any funny business like having an economic interest in a relative's account that I don't report, so I don't want to mess around with that. 3 - I ask for money at the end of each year, like clock work. The way it's set up...

Hi, I am a trader at a large investment bank. I am well compensated, but the hours are horrible and will not improve for years (maybe never). I've been thinking about quitting for a while just over quality of life. I have a trading strategy at work that is consistent and profitable, but...

It's been almost two years since this was last discussed. With the ability to now convert a traditional IRA or 401k to a Roth IRA without restrictions, daytrading futures out of a Roth IRA seems like a slam dunk. I'm thinking of converting my current tax deferred 401k to a Roth, and pay...

If the order goes through the broker before the exchange, then what is the advantage of colocated servers that Xtrader and CQG advertise?