SpreadProfessor Openings

Well, we will find out. A couple of these clients are very well funded and they've been doing it for years. The prop firm who licensed my "gray box" has like $20MM in buying power. We shall see.
 
I don't feel alot of love for the common equity index spreads like ES vs NQ, Russell, Dax, FTSE, CAC, DJETx50.

Best spread going in the pure index plays has actually been a fly with the ES, Nikkei and the Kospi.
 
Oh, and when you step inside somebody's boat, leave your shoes on the swim platform please. And the head is supposed to make a noise when you flush it because it has an electric pump.
 
Bone I think you are legit so let me cut to the case. Did you get hosed last Thursday like Lescor did since both of you are spread trading essentially no ? Did half of your positions get busted. I would say no because you trade energy futures but want to confirm?
 
I did take a 'body count' Thursday: equity pairs clients report that they actually made a modest amount of money. That is pure luck - the model didn't have them in PG or MMM or EXC. By design I discourage my guys from taking afternoon signals unless there is a ridiculous level of bias in it. The interest rate guys did pretty good because the yield curve models had them get short at 3:30 or so in the morning on May 06 - so, at 1:30 that afternoon there were already up bank and the ones that were still in it really got paid well. In the energy the RBOB Crack traders had been getting short since Monday the third, and oddly enough the spread kinda wandered into a buy signal overnight on Friday the seventh, but it really was kinda bland during the big Thursday move. For three weeks now I have been warning my metals traders that Gold would be the first "flight to quality" bid in the book, and to try to limit their time exposure in short Gold positions. The model had them getting long at noon on May 06 Gold vs. Platinum, so they did really well. Once again.

Bottom Line: Equity Pairs guys unscathed but there was surely some luck involved. Interest Rate guys got paid and had no business being on the other side of the model. Energy spreads were oddly sublime. Metals guys had a buy signal for 90 minutes before the shit hit the fan that they didn't have a signal to cover until Sunday evening (last nights session).
 
Can you turn a guy with about 80K and a full time job with little trading experience onto the right path or is this more for those with more experience.
 
All of my clients have some trading experience. Most are full-time professional traders, about 50% independent and 50% are proprietary/institutional. I have three clients who are experienced traders and are in full-time jobs not related to trading - their preference is to study along with me for several months and then make a more informed and educated decision if they want to pursue a full-time trading position when the time comes. I have managed to assist a few clients in getting proprietary trading positions - my role there was to provide a letter of reference and also speak with the employer about the training and my background as well.
 
Quote from bone:
The interest rate guys did pretty good because the yield curve models had them get short at 3:30 or so in the morning on May 06 - so, at 1:30 that afternoon there were already up bank and the ones that were still in it really got paid well.
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Yield curve models had them get short what? I am not sure I understand this...
 
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