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Old Oct 31st, 2012, 02:56 PM   #79
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
Quote:
Quote from justrading:

I try to be very conservative with margin.

That said, I do worry about a Black Swan event.

I'm actually more concerned about the outfit doing an MFG/PFG. I know about the SIPC coverage, but how that will work in reality with forex, options etc all being traded in the same account is something I have to wonder about.

Before MFG/PFG the futures industry used to boast about how wonderfully customer segregated funds worked, and nobody ever lost money as a result. Put the guys who blew that trumpet loudest in front of a few hundred customers who have lost out and I'd love to see how they react.
yeah diversifying by broker is good! in a short term trade.. on gld

+ BOT 1 GLD NOV 02 '12 + (1) 164 + (1) 169 - (2) 166 Call Combo 0.63 USD SMART 14:07:56 OptTrader 2.16 null
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Old Oct 31st, 2012, 03:17 PM   #80
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
being a follower here..

+ BOT 1 GOOG NOV 02 '12 + 665 - (2)695 + 680 Call Butterfly 7.35 USD SMART 15:16:10 OptTrader 2.17 null
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Old Oct 31st, 2012, 03:21 PM   #81
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
see what happens to this by friday.. seems to broke down a little bit..

+ BOT 3 TBT NOV 02 '12 - (2) 61.5 + (1) 60 + (1) 62 Put Combo -0.11 USD SMART 15:20:15 OptTrader 4.68 null


i keep changing my limit order to increase my commission cost.. your welcome IB
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Old Oct 31st, 2012, 03:22 PM   #82
atticus
 
 
Join Date: Mar 2007
Location: USA
Posts: 12,867
Quote:
Quote from cdcaveman:

see what happens to this by friday.. seems to broke down a little bit..

+ BOT 3 TBT NOV 02 '12 - (2) 61.5 + (1) 60 + (1) 62 Put Combo -0.11 USD SMART 15:20:15 OptTrader 4.68 null


i keep changing my limit order to increase my commission cost.. your welcome IB
Yeah, and HFT can send millions of orders and xcels in mere seconds... the game is rigged, bro. RIGGED!
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Old Nov 30th, 2012, 04:07 PM   #83
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
where i'm at now.. i've decided to get away from the expiration trades.. because i was irresponsible and took a hit for it.. now i'm just trying to trade flys and futures.. i tried a fly on the MA a little to far dated to take advantage of the stillness .. if i was in dec i would have been out by now will profit likely.. i have a dec 7 + BOT 1 SPX DEC 07 '12 + 1375 - (2)1405 + 1435 Call Butterfly 10.40 USD SMART NOV 29 15:41:31 OptTrader 5.40 null

as well.. i tried to offer it at 11.60 today.. and it just wouldn't go through... i guess you just have to figure that your gonna have to enter above the mid and exit below it.. and just figure the bleed into modeling the trade..
i slowed down my trading a good bit.. i still need to spend a little time looking at what my proposed profit is given my time frame.. going out two months on a fly put me way to neutral on the MA fly..

MA JAN 18 '13 + 425 - (2)475 + 525 Call Butterfly @ 24.47

also have a vm future on
BOT 1 VM DEC12 Futures 15.95 USD CFE NOV 28 14:59:24 SpreadTrader 1.07 null sub account

thought to buy more around 15.. never got there.. we will see how it goes
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Old Nov 30th, 2012, 04:44 PM   #84
justrading
 
 
Join Date: Apr 2011
Location: Bangkok
Posts: 1,585
Quote:
Quote from cdcaveman:


as well.. i tried to offer it at 11.60 today.. and it just wouldn't go through... i guess you just have to figure that your gonna have to enter above the mid and exit below it.. and just figure the bleed into modeling the trade..
Interesting point. I was just mulling over this one because a few paper trades I put in at the mid simply did not take. I know paper is not really the same as actual in terms of execution, but if it did not trade through then it may not have executed anyway.

Some of the fly spreads are wide so this makes finding the sweet spot a challenge.

I was actually contemplating asking atticus how he goes about his entries and exits. Missing a good entry or exit because it did not hit the mid would be a real bummer.
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