Hey S0mmi, Im from Sydney aswell. I just wanted to your advice on getting into a prop firm here, how do I best get selected for it? I dont have a degree, still a beginner with no track record. Do they hire trainee traders like me? Ik with Propex u need to prove you have experience/track record or have a degree. But what about the others? and your thoughts on Star Beta? Appreciate your help with this. Thanks.
s0mmi, I read your post about anton kreil course. Please share with me at orangidennis24@gmail.com I will appreciate your efforts
sOmmi. Many thanks for great posts. I am a developing option trader. Can you please clarify this? Back in 2013 you said "the most obvious one is they are all spreaders" in the thread :The top 3 guys who make over 1 million a year at my firm... spreaders as in option vertical, calendar spreaders or bid ask spreaders? How do they do it?
Hi S0mmi what formula should I use to chart the US 10 yr vs US 2 yr spread on CQG ? Im sorry as I cant pm u
Find the proper ratio from the CME Website... I think it's 4:1 or 2:1 I think it's 4*TUA-TYA If thats still the ratio
Hey Sommi the beast, I've been trading at a prop shop for about 10 months now, and the journey has had its highs and lows. I dont know anyone that trades the German schatz/bobl/bund, with no one to take the journey with. From what I've read its 1/6/5 for the schatz/bobl/bund hedging rato. I dont know how to chart it either, I've been experimenting. I'm Just lost and I don't know where to start
Hey bro the Ratio for that fly (DV01) can't be 1/6/5 because the 2yr bond has such a d0gsh*t price. What firm you at, what do you trade? If you are 10-months in and its not too late ,you might have to start looking at better ways to make money (e.g. trading outrights, go off market profile). Fighting spreads in todays market is suicidal if you dont have a giants shoulders to stand on.
Hey Sommi, Thanks bro, yeah FML bloomberg is useless. Trading spreads is definitely difficult in the bank bill market. I prefer if we could talk on discord my name is immiscible#1909. Ill be more then happy to talk tonight :) Thank you Sommi, you are one the only honest people here.
Hi s0mmi, I've read a few of your posts on propex and a few on aliom before they merged with epoch to become genesis prop trading; I was wondering what your thoughts on genesis were and if you would recommend either propex or genesis for me? (I was successful in both my applications to their trainee program, just not sure on which to side with).
Hi S0mmi, i just start prop learning how to trade bills, and 3-10years in Aus as well, i m very interesting about the spreading part, is it possible to get your email contacts so i can ask u ?
Hi I am a prop trader for the last 10 years in the UK but I am looking for new spreads - do you still trade the BUND v OAT ? How do you find it? I have been trading it for a couple of months Cheers Rob
Sorry for the 1.5 year reply Bund vs. OAT I do not recommend because their underlying fundamentals come from political risk divergence, but all relate to the same Euribor interest rate pricing. If you have access to some exotic interest rate data (like bloomberg or the CQG alternative price feeds) then we can work something. You would need the different yields for France and Germany using hte same coupon rate
I strongly advise to stick to same-country curves. Europe is a piece of shit and the whole contintent is basically f*cked. Do not play around cross-country stuff there Stick to germany, stick to the UK, theyre fine :)
P.S. The reason why I say dont touch italy and france and the rest of the pieces of sh*t is because their spreads go from 10 tick ranges to 200+ tick blowouts. We're talking like 10-20 sigma events out of nowhere, for NO REASON. Theyre all dodgy institutional pieces of sh*t as Bonds
