The VIX Thread: Discuss using VIX for long/short bias (June 2022)

[newwurldmn]

My stupid strategy, used last night made me
another $2400

Your predisposition of bitterness will eventually turn to
positivity when you attain a consistent winning strategy.

You'll continue to lash out at others until you do so.

EDIT: Regardless of your attitude, I still wish you trading success.

I think it’s illegal to hold both long and short futures. It’s considered wash trading.

 

[SunTrader]

I think it’s illegal to hold both long and short futures. It’s considered wash trading.

Nope. Long in one account, short in another is perfectly legal.

There is no such wash rule in futures.

 

[M.W.]

Depends on which entity holds the accounts. If same then it's self trading. Otherwise every hedge fund and especially hft firms would do it.

Nope. Long in one account, short in another is perfectly legal.

There is no such wash rule in futures.

 

[SunTrader]

Depends on which entity holds the accounts. If same then it's self trading. Otherwise every hedge fund and especially hft firms would do it.

Every hedge fund and HFT has multiple accounts. And so do many individuals - if they can swing it.

 

[M.W.]

My point exactly, and they are not allowed to hold long and short positions simultaneously if the accounts are held by the same entity.

Every hedge fund and HFT has multiple accounts. And so do many individuals - if they can swing it.

 

[SunTrader]

My point exactly, and they are not allowed to hold long and short positions simultaneously if the accounts are held by the same entity.

So they name one twiddledee LLP and the other tweddledum LLP. Big chit.

As I said perfectly legal. That IS the point.

 

[Zwaen]

Sounds a bit like, "if instrument/equity moves x% in direction p is higher the move will extend itself". I think you can make your strategy simpler.

 

[M.W.]

Yeah unfortunately, but that does not apply to retailers who are behind either accounts. And that was the thread topic.

So they name one twiddledee LLP and the other tweddledum LLP. Big chit.

As I said perfectly legal. That IS the point.

 

[M.W.]

Of course, he is simply trading momentum just does not realize it. All he does at the moment is overpaying commissions to his broker.

Sounds a bit like, "if instrument/equity moves x% in direction p is higher the move will extend itself". I think you can make your strategy simpler.

 

[SunTrader]

Yeah unfortunately, but that does not apply to retailers who are behind either accounts. And that was the thread topic.

WTF are you talking about.

An individual just like a hedge fund can have two separate accounts. I have, right now.

You could too (wait you a Canucklehead, maybe not) if you stop playing with your pips and got real.