SpreadProfessor Clients - Thanks !
- Thread starter bone
- Start date
I will answer here but afterwards we can chat via pm...dont want to undermine the theme of the thread.
There were zero books that helped me and i have read plenty. Books teach theoretical product knowledge not profitiablity....the same as bone's course.
i only learned through years of getting wrong. I also had the privilage of being taught by seasoned vets, guys who have gotten it right, legends. I sat next to the kind of guys that most people can only read about on google.
There is no way to replace practical experience.
What i am doing to make consistent money today is a combo of things that were taught to me having had the opp to work at tier 1 firms. This helped me to fix the mistakes that i made on my own.
If i had to suggest a book, technical analysis of financial.markets by john murphy.
It gives a good overview of market behavior which has shaped my general approach today.
They key in profitabolity is in having some kind of methodology that you can look at consistently. Otherwise will live and die trying to guess the market
If i had to recommend some tools for spreads and arbs
-Get ez signal delayed for 50 usd
-ask yourself first, why do you think that relationship or market anamoly exists
-chart that anamoly in ez signal
-charting a 1-2-1 fly just for the sake is a wasted effort
-you have to have some understanding of what drives the price or relationship so know your mkt
-unless you are running a system, no need to backtest go straight into live with small size
-have an exit plan before a profit taking plan
-once.u feel good, put it.in the autospreader, amp offers xtrader.for.retail now
-Get ez signal delayed for 50 usd
-ask yourself first, why do you think that relationship or market anamoly exists
-chart that anamoly in ez signal
-charting a 1-2-1 fly just for the sake is a wasted effort
-you have to have some understanding of what drives the price or relationship so know your mkt
-unless you are running a system, no need to backtest go straight into live with small size
-have an exit plan before a profit taking plan
-once.u feel good, put it.in the autospreader, amp offers xtrader.for.retail now
And after you get fined for exceeding the message-to-fill ratio policy ask "balls of mold" to help you with your AutoSpreader settings.
Yes they can send me a pm Or you can just ask the vendor/broker directly for free.
It is pretty.simple
Establish the illiquid contract as a working leg and the contingent leg as a market order.
payup ticks, ghost orders etc or all platform specific...just ask the platform.for a tuturial first.or check the.exchange policy before trading.
the lme had a 20000/1 message to fill ratio but raised it to 50,000....as an example...generally speaking you will be ok as most spreaders are server side ghost orders..meaning it wont kick out the order until the implied price is to.close to a fill.
Is there anything else?
Bone i actually do this for a living
For Eurodollar spreads, I've noticed the prices are a bit erratic and can move to extreme levels during the beginning and end of the weekly Globex session on Friday afternoon and Sunday night (US hours). These can be good opportunities for an entry/exit limit order at a favorable price level.
Then you would know that your broker AMP doesn't clear LME and your messaging ratio example is for a firm and not an individual.