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i trade both US and European markets

OK, well apologies if I seemed a bit aggressive. I sometimes get frustrated by the stream of 1-post members asking for a freebie in terms of strategies or systems. If you just want some guidance that's cool.... I am also in the UK (London). I have never heard of an auto-trading system that...

You want someone to just give it to you?

Lescor - thanks for the thoughts - very interesting

To anyone trading larger size and/or more illiquid stocks: Do you ever find that you are making up an uncomfortably large percentage of the volume in a stock? And what would you consider "uncomfortable"? Say for example that your size is 4k shares and the first print is 40k shares - would...

Yeah - let's take it off thread - I'm happy to answer your questions if I can - feel free to PM me. Angel - nice thread - I'll read with interest. Cheers

In terms of getting into a london prop, it depends what you are looking for. if you are willing to put up capital, almost any of them will take you on. as Angel says, some will back you (no capital down) but these positions are slightly harder to get (altho, in many cases, still not that...

Member firms do not pay stamp duty. So if Angel's firm is a member of the LSE, he will also not pay stamp on his positions.

Unless you have favourable tax treatment there is no edge in this strategy beyond the usual "edge" of selling covered calls. An ex-div stock declines in value by an amount equal to the dividend (the 5-10% in your example). Dividends are also factored into the valuation of options. After an...

thanks for the feedback chiguy irrespective of my broader back-testing findings, i will most likely try forward testing the strategy in small size. my office is negotiating equity trading comms etc now (we are primarily a futures house) and, once sorted we'll get the show on the road...

lescor / shreddog thanks for the replies. i completely agree that back-testing for accurate results is difficult. however, I would like to see that the basic strategy has a simple edge. i.e. trade all stocks with a [1%] envelope to fair value and hold for [15 mins]. maybe add a simple...

just to confirm, assuming the prices eastside posted are the real NYSE official openings prices, opentick does indeed seem to provide the correct prices when filtered for NYSE only. thanks for the prices eastside. now just the simple matter of downloading a few months of data and getting to...

thanks eastside and sucre i'll report back any conclusions on OpenTick.

Hoping some of the vets on this thread can help me with a couple more questions. First, I am trying to do some basic testing. I am pulling data out of OpenTick. Not sure whether they are giving me the opening print correctly (despite filtering for NYSEexchange) as it differs both from...

Hi guys Anyone here trade European equity prop? I'm looking for any houses or services in London that do this and an idea of costs / commissions. Cheers

ok - understood. thanks don

thanks - but i'm on top of the FV calc already - ie i can work out where the stock "should" open based on the futures. what don wrote was that he used a zero envelope because we were opening so far below fair value. my question is - how do you know that the cash will open below the futures...

How do you tell that the open will be below fair value before the open? are you basing it off of the pre-open indications?

Cheers - record keeping, and to some extent staying power (!) are no problem. I already trade here in Europe and definitely understand the value of these things. However, I'm looking to get a hanldle on a new strategy and expand into US equities so all advice is very welcome. Have a good...

Hi guys - couple of questions for the old hands: - How long do you generally find you hold positions for? Of course there will be some variation and some positions will be exited super quickly on a sling shot etc. But just looking for some general thoughts. Do you have a blanket rule of...