livevol_ophir
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I hear that.
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ARG - Takeover was Known in Options?
- Thread starter livevol_ophir
- Start date
I hear that.
livevol_ophir
ET Sponsor
Quote from zdreg:
livevol....
"I simply hope to illucidate how traders on the floor look at prop trades. A huge portion of trading is based on market making (not prop trades - but I can't blog on that)."
how can you hope to elucidate when u can't even spell it.?
gosh, I don't know. Thanks so much for that. That was really valuable feedback.
livevol_ophir
ET Sponsor
I have no issues with your blog in any way, I have never read your blog, I just came across couple of your posts here. I dont look for any silver bullet either, so please dont sweat it...
1) So far EVERY of your posts was backward looking. If you try to educate people thats fine but most of your posts were on specific trades/stocks, which of course did not infer any sort of recommendation BUT I think I am not the only one who got the impression you tried to promote your platform. Nobody expresses interest in a platform to do analysis after the fact but in order to generate trade ideas. You have failed to demonstrate that your app can be used to generate trade ideas before the fact....simple as that...
2) I dont care what you do on your blog. I referred to the posts and subjects you use to suggest your platform is useful in exploring edge. For instance, this subject is "ARG - Takeover was Known in Options?". You have not explained in a single sentence where in your analysis buying the ARG call options BEFORE the takeover provided edge. Nor have you demonstrated that this was not just a lucky pick while all the other high volume call/put trades generally lead to nothing. (which can be easily shown using a simple backtest).
I never called you names I mentioned your post came across as somewhat lazy mainly because of 2). I considered your approach to market your platform as being lazy, and I assume your main purpose here is to promote, after all you are a sponsor here it seems. Please do not make me laugh and state you philanthropically wanna educate some newbies here. So, showing people that this or that trade was flagged on your platform AFTER everything happened is a LAZY approach to selling and marketing stuff, I dont change my opinion about that.
This is a public forum take my opinion or leave it...but one suggestion I have for you to make your sales approach much more credible is to post ideas that were flagged in your application before the fact and later on follow up and write why it worked or did not work out.
Additionally its cheap to look at a trade after the fact and in the end calculate how much money you COULD have made were you invested in those options. Sure, but did any edge support a purchase? Usually snake oil salesmen use such methods and you dont want to be associated with such group, do you?
1) So far EVERY of your posts was backward looking. If you try to educate people thats fine but most of your posts were on specific trades/stocks, which of course did not infer any sort of recommendation BUT I think I am not the only one who got the impression you tried to promote your platform. Nobody expresses interest in a platform to do analysis after the fact but in order to generate trade ideas. You have failed to demonstrate that your app can be used to generate trade ideas before the fact....simple as that...
2) I dont care what you do on your blog. I referred to the posts and subjects you use to suggest your platform is useful in exploring edge. For instance, this subject is "ARG - Takeover was Known in Options?". You have not explained in a single sentence where in your analysis buying the ARG call options BEFORE the takeover provided edge. Nor have you demonstrated that this was not just a lucky pick while all the other high volume call/put trades generally lead to nothing. (which can be easily shown using a simple backtest).
I never called you names I mentioned your post came across as somewhat lazy mainly because of 2). I considered your approach to market your platform as being lazy, and I assume your main purpose here is to promote, after all you are a sponsor here it seems. Please do not make me laugh and state you philanthropically wanna educate some newbies here. So, showing people that this or that trade was flagged on your platform AFTER everything happened is a LAZY approach to selling and marketing stuff, I dont change my opinion about that.
This is a public forum take my opinion or leave it...but one suggestion I have for you to make your sales approach much more credible is to post ideas that were flagged in your application before the fact and later on follow up and write why it worked or did not work out.
Additionally its cheap to look at a trade after the fact and in the end calculate how much money you COULD have made were you invested in those options. Sure, but did any edge support a purchase? Usually snake oil salesmen use such methods and you dont want to be associated with such group, do you?
Quote from livevol_ophir:
My blog is designed to uncover order flow, vol, takeovers and other unusual issues (stock swaps, etc). It also focuses on using the Livevol Pro application to do analysis. By no means do I intend to predict movement or in anyway to offer advice.
I simply hope to illucidate how traders on the floor look at prop trades. A huge portion of trading is based on market making (not prop trades - but I can't blog on that).
Also, I post the trades I see that I try to commit to memory. I assure you that everything I post I discuss with a couple of other traders (at least). With rare exception, each one illicits a fairly serious discussion (in trade talk, that's 1 min or more).
Most times we do nothing, sometimes we do below. But everything that is in there is worth noting - or so I believe - otherwise I wouldn't bother anyone with it.
--- from a previous post ---
There is no average trade.
(1) Sometimes I see people paying up for options and I offer them to get what I perceive as edge based on my theo. If it's one line specific I can often times spread it off for a lot of edge because a kink develops in the skew on one strike.
(2) Sometimes I piggy back order flow but do the trade for better prices than the size.
(3) Sometimes I do nothing or pair trade. i.e. get same delta bet but pay less vega by combining (1) in the heavy trading stock and (2) in a highly correlated stock; where I am looking for the generic linear correlation, not any other rank.
Usually I just observe and remember the big bets. If they are winners twice, three times in a row in the same stock with similar bets, I go for strategy (2). If there is no reason to believe they are winners, I follow number (1).
Of course, many times, I do nothing b/c I do not perceive edge in either side.
Following order flow is rarely the obvious piggy back trade (though it can be). Trading is a game of memory. If you can't recall big trades 3-6 months ago in stocks you follow, you will have trouble trading.
Simple test: Can you remember the biggest trade you did every day of the week for the last 2 weeks even if things were uber slow? If you can't, it's probably trouble. If you can, you are probably making money trading.
----
Simply stated, the blog is my stream of consciousness throughout the day. I check hundreds of trades a day and try to remember 1-5 on average. I share 1-2 to two of those on the blog.
You referring to me as lazy in a public forum indicates a lack of intelligence, poor social skills, anger and pessimism in a hope that your failures of looking for a silver bullet from a public blog can be mollified by denegrading someone esle. The blog is the fastest growing professional trading blog in the world and is picked up by Bloomerberg everyday - twice a day.
If you don't like the blog - say it, say it loudly and often if you must - but don't call me names. That's weak brother, pure and simple.
livevol_ophir
ET Sponsor
Quote from asiaprop:
I have no issues with your blog in any way, I have never read your blog, I just came across couple of your posts here. I dont look for any silver bullet either, so please dont sweat it...
1) So far EVERY of your posts was backward looking. If you try to educate people thats fine but most of your posts were on specific trades/stocks, which of course did not infer any sort of recommendation BUT I think I am not the only one who got the impression you tried to promote your platform. Nobody expresses interest in a platform to do analysis after the fact but in order to generate trade ideas. You have failed to demonstrate that your app can be used to generate trade ideas before the fact....simple as that...
2) I dont care what you do on your blog. I referred to the posts and subjects you use to suggest your platform is useful in exploring edge. For instance, this subject is "ARG - Takeover was Known in Options?". You have not explained in a single sentence where in your analysis buying the ARG call options BEFORE the takeover provided edge. Nor have you demonstrated that this was not just a lucky pick while all the other high volume call/put trades generally lead to nothing. (which can be easily shown using a simple backtest).
I never called you names I mentioned your post came across as somewhat lazy mainly because of 2). I considered your approach to market your platform as being lazy, and I assume your main purpose here is to promote, after all you are a sponsor here it seems. Please do not make me laugh and state you philanthropically wanna educate some newbies here. So, showing people that this or that trade was flagged on your platform AFTER everything happened is a LAZY approach to selling and marketing stuff, I dont change my opinion about that.
This is a public forum take my opinion or leave it...but one suggestion I have for you to make your sales approach much more credible is to post ideas that were flagged in your application before the fact and later on follow up and write why it worked or did not work out.
Additionally its cheap to look at a trade after the fact and in the end calculate how much money you COULD have made were you invested in those options. Sure, but did any edge support a purchase? Usually snake oil salesmen use such methods and you dont want to be associated with such group, do you?
I'm not really sure what you're talking about at this point. Bloomberg posted a story after the fact (using their app) to show the "probable" fowl play in ARG - feel free to look it up - Jeff Kearns wrote it. I am interviewed by Bloomberg and published their everyday. I was supporting their story with more data. The purpose of bringing up probable "fowl" play on that blog was simply that - to indicate probable "fowl" play. Your perception that I am trying to sell the product based on ex-post results is coming out of your own mind. That particular story was brought to my attention by one of the most respected option traders in the world who happens to sit 10 feet away from me. I don't really take blog requests - but he thought it would be a nice story, I agreed, so I ran with it.
As far as Livevol Pro - it's an app used on all exchange floors - 90% of the NYSE ARCA floor traders use at least one; we have users on CBOE, PHLX, ISE, BOX, NASDAQ and AMEX as well as the big banks, hedge funds and trade desks. The vast majority of our users are pros on the floors or upstairs. A few advanced retailers use it as well.
If you don't like it, don't use it. If you don't like the blog, don't read it. If you don't like me, don't address me. You're right, I'm wrong. Please stop...
you sound extremely paranoid and you more and more give the impression away you either have some deep-rooted confidence issues or that you indeed have no other intentions than marketing your wares, and I believe its a little of both. Or otherwise why do you repeat mentioning over and over and over
*** your blog
*** that floor traders use your app
*** that you are quoted by bloomberg
*** that you sit 10 feet away from the most respected options trader
I have not mentioned a single of those topics, yet you feel the need to re-assert you about all those issues in every single post you put on here.
Here is my issue with your way of marketing: You give the impression that your app provides edge but all you have shown so far is stuff after the fact. Did you make that ARG call before and if why you did not call similar names whose call volumes were way out of whack? Questions you refuse to answer!!! How about starting here before telling us again who uses your app and how fast your blog grows?
*** your blog
*** that floor traders use your app
*** that you are quoted by bloomberg
*** that you sit 10 feet away from the most respected options trader
I have not mentioned a single of those topics, yet you feel the need to re-assert you about all those issues in every single post you put on here.
Here is my issue with your way of marketing: You give the impression that your app provides edge but all you have shown so far is stuff after the fact. Did you make that ARG call before and if why you did not call similar names whose call volumes were way out of whack? Questions you refuse to answer!!! How about starting here before telling us again who uses your app and how fast your blog grows?
Quote from livevol_ophir:
I'm not really sure what you're talking about at this point. Bloomberg posted a story after the fact (using their app) to show the "probable" fowl play in ARG - feel free to look it up - Jeff Kearns wrote it. I am interviewed by Bloomberg and published their everyday. I was supporting their story with more data. The purpose of bringing up probable "fowl" play on that blog was simply that - to indicate probable "fowl" play. Your perception that I am trying to sell the product based on ex-post results is coming out of your own mind. That particular story was brought to my attention by one of the most respected option traders in the world who happens to sit 10 feet away from me. I don't really take blog requests - but he thought it would be a nice story, I agreed, so I ran with it.
As far as Livevol Pro - it's an app used on all exchange floors - 90% of the NYSE ARCA floor traders use at least one; we have users on CBOE, PHLX, ISE, BOX, NASDAQ and AMEX as well as the big banks, hedge funds and trade desks. The vast majority of our users are pros on the floors or upstairs. A few advanced retailers use it as well.
If you don't like it, don't use it. If you don't like the blog, don't read it. If you don't like me, don't address me. You're right, I'm wrong. Please stop...
livevol_ophir
ET Sponsor
Quote from asiaprop:
you sound extremely paranoid and you more and more give the impression away you either have some deep-rooted confidence issues or that you indeed have no other intentions than marketing your wares, and I believe its a little of both.
Why do you keep making personal attacks man? Is that really necessary? Back and forth is fine, it's not personal - at least not for me. If it is personal, tell me, we can commuinicate one-on-one through email. If it's an open discussion, then it's worth being public - let people read - that's what the forum is for.
I'd appreciate it if you would delete the last post - if you want to keep complaining, then copy and paste the complaint/criticism from your last post and re-post - please delete the personal insults (contact administrator to do this if it's more than 30 min old).
dude, you lose any credibility with this post. You said you had floor trading experience, you rather sound like a wining boy.
You still have not answered any of the purely trading related questions I asked. I asked how you knew before the fact that ARG call options were a good buy. Still nothing.....
You still have not answered any of the purely trading related questions I asked. I asked how you knew before the fact that ARG call options were a good buy. Still nothing.....
Quote from livevol_ophir:
Why do you keep making personal attacks man? Is that really necessary? Back and forth is fine, it's not personal - at least not for me. If it is personal, tell me, we can commuinicate one-on-one through email. If it's an open discussion, then it's worth being public - let people read - that's what the forum is for.
I'd appreciate it if you would delete the last post - if you want to keep complaining, then copy and paste the complaint/criticism from your last post and re-post - please delete the personal insults (contact administrator to do this if it's more than 30 min old).