Microhedge is probably the most comprehensive and flexible options software, used by most of the marketmakers and floor traders I know. It has...
COM member of the CBOT (still am), traded mostly grain options, now I trade off floor. I find the experience to be essential to what I do now for...
In my experience, New York is bad, but if you are doing size, you can get access to a pit brokers headset, and get fills back in seconds, even...
To each his own, but I had been using TurboTax for a few years, found a good accountant, and he paid for himself three times over the first year I...
Create an entity for your trading (I use an LLC), get your insurance through that, and it is generally not a problem. Jessie
You're right, they will want to see how you do in a variety of market conditions, and they will also want to see how you LOSE. It's great not to...
But it is really pretty..... Jessie
As others have said here as well, even if you are looking at gold as a "safety net" and not an investment, take a 50 year chart of gold and look...
You might get a few accounts with a track record measured in months, but any real money will want to see a few years, through a variety of market...
Why not just place a buy order on a stop 50 pips up and a sell order on a stop 100 pips up to close it out if it gets filled, and a sell order on...
Take a look at a 50 year gold chart, through good economies and bad, and think about whether at any point gold would have been a good long-term...
Not exactly. A MM will always (or usually) be willing to take either side of the market freely. When I am in the pit, I might price an option like...
Live in hope, die in despair, remember DrKoop.com. If you get stopped out of a trade, unless you have the incredible bad luck to hit the exact top...
If you mean what price you can get executed at immediately, you will generally pay the offer and sell at the bid. If you are trading with limit...
A reasonable expectation is to still be trading after 3 or 4 years, not having lost all your money. If you can do that, you will probably make it,...
Actually now one trader can do pit/screen arbitrage by himself in the CBOT pits with a hand-held.. The CBOT is encouraging their use for arb...
My thoughts are that if you have commercials and central banks who can deliver, and a bunch of short specs who will eventually have to sell to...
Actually, in the U.S., I believe that the predecessor of what became the mid-am preceded the CBOT, and is (was) the oldest U.S. futures exchange....
There are two different crops trading, "old crop" and "new crop", and they are not deliverable against each other. With nov, you are betting on...
I must be slow. It took me about 10 years and 4 or 5 blown accounts before I had a few years of consistent profitability, and it felt like a...
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