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At VTrader, we are mostly options and futures prop (JBO). Equities as well of course. PM for more information about website, locations, costs, leverage, etc. Pete

Automated systems can make all the difference in profitability if you use them correctly. Take a good strategy, make sure you take EVERY trade, and be consistent.

If you are new (again) to trading, you might want to think about using mechanical systems with proper money management this time around. Too many traders don't have any real game plan when they start and discipline is hard to teach after they've already started losing money. Check profile for...

Hello gdtrader, CB has an opening gap program for the ES that will be fully automated soon (or you will be able to trade the signals manually if so desired). Contact me by PM or check profile for website. Pete

scouse, I believe that you can't enter a limit order on the close of a bar since once the bar is closed, you're already onto the next bar (know what I mean?). I don't think that you'd get any more slippage on entering on the open of the next bar (with a limit) anyway? If you're using limit...

If you want to PM me, I can you give you the run-down on the Boston area, BSE politics and a few prop firms to look at in the area.

It's on the web at www.sfomag.com and you can subscribe for free. If you really feel like it, buy it on the newsstands for $4.95 USD (not $8).

We use $15 commission plus $12.50 slippage per round trip per contract when showing our TS performance reports online. Commissions will vary at different brokers, but the slippage factor is more important to see how efficiently your broker can execute your trades. Some systems don't...

To answer the original question - YES. I manage a group of systems that I auto-execute at a few different brokers. Some are better than others. The system signals are generated from TradeStation files and execute through the broker's proprietary software directly to the client account...

There are plenty of systems out there that make money, and at the same time are managed properly as not to 'overload' the volume on trades executed. If you look further into how the system is developed and managed, you'll realize that there IS a lot of money being made by clients, as well as...

This is why: http://www.elitetrader.com/vb/showthread.php?s=&threadid=19286 Aspen's got it right. It's all about what you want to do as a trader since everyone has a different style.

klutz, that's fine, you have your opinion too. I wonder though, where did you get your information to make an educated judgement as to who is right or wrong in terms of determining the profitability of an option strategy? Seems to me that I have posted nothing but facts when pertaining to the...

You are right lindq, this site IS for "the candid sharing of information so that others can gain from one's experiences." It's just a shame that you put words in the mouths of people who actually trade these issues correctly (generally). No one here has "guaranteed easy, instant profits, and...

lindq, I thought that I was trying to be helpful in explaining why, what, and who should be dealing with naked puts as a means to gain premium or buy a stock at a lower price. But it seems like you are so against it at all. If that's the case, don't trade options and don't use this educational...

Again lindq, I can see why you are trying to warn other novices of the risks involved in trading short options. There is risk. But spouting out information that is speculation at best i.e., "Trade naked puts on a regular basis and you will have a very short career" and "Has probably ruined...

This topic was just discussed in another forum... Saying that selling a put is 'more' risky than buying the stock is incorrect. If you buy a stock and the stock is halted due to an announcement of accounting fraud, poor earnings, etc. you'd still be holding the same issue as you would if a...

Of course there are a few different ways to define "mechanical", but for me, it's been the best way to go. I develop, manage and trade 100% mechanical systems for the S&P E-mini and have been more successful with less stress for years because of it. Mechanical systems are not meant to "take...

lindq, sounds like you haven't traded short puts well in the past from your quote: "It is simply a poor strategy with great risk. Looks great on paper, but sucks in reality" I should have been more clear in my description earlier: when making the decision to "buy a stock" or "sell a put"...

TGregg is right in one respect, you need to hang through the drawdowns of any system that you want to see benefits from over the long term. With the systems that I trade (and manage), I'm happier with a system that can produce winning trades 50% of the time as long as your (obvious advice here)...

lindq, i think that you make a good point, but selling puts is the same as buying the underlying, nothing more? if you buy 1000 INTC or write 10 INTC puts on the money, you still have the same risk? the only difference is that you don't have to put the money up first (as much) in the case of...