livevol.... "I simply hope to illucidate how traders on the floor look at prop trades. A huge portion of trading is based on market making (not prop trades - but I can't blog on that)." how can you hope to elucidate when u can't even spell it.?
I will give you the feedback. if you don't do a simple spell check it suggests the possibility that you don't check your facts carefully either.
I have no issues with your blog in any way, I have never read your blog, I just came across couple of your posts here. I dont look for any silver bullet either, so please dont sweat it... 1) So far EVERY of your posts was backward looking. If you try to educate people thats fine but most of your posts were on specific trades/stocks, which of course did not infer any sort of recommendation BUT I think I am not the only one who got the impression you tried to promote your platform. Nobody expresses interest in a platform to do analysis after the fact but in order to generate trade ideas. You have failed to demonstrate that your app can be used to generate trade ideas before the fact....simple as that... 2) I dont care what you do on your blog. I referred to the posts and subjects you use to suggest your platform is useful in exploring edge. For instance, this subject is "ARG - Takeover was Known in Options?". You have not explained in a single sentence where in your analysis buying the ARG call options BEFORE the takeover provided edge. Nor have you demonstrated that this was not just a lucky pick while all the other high volume call/put trades generally lead to nothing. (which can be easily shown using a simple backtest). I never called you names I mentioned your post came across as somewhat lazy mainly because of 2). I considered your approach to market your platform as being lazy, and I assume your main purpose here is to promote, after all you are a sponsor here it seems. Please do not make me laugh and state you philanthropically wanna educate some newbies here. So, showing people that this or that trade was flagged on your platform AFTER everything happened is a LAZY approach to selling and marketing stuff, I dont change my opinion about that. This is a public forum take my opinion or leave it...but one suggestion I have for you to make your sales approach much more credible is to post ideas that were flagged in your application before the fact and later on follow up and write why it worked or did not work out. Additionally its cheap to look at a trade after the fact and in the end calculate how much money you COULD have made were you invested in those options. Sure, but did any edge support a purchase? Usually snake oil salesmen use such methods and you dont want to be associated with such group, do you?
I'm not really sure what you're talking about at this point. Bloomberg posted a story after the fact (using their app) to show the "probable" fowl play in ARG - feel free to look it up - Jeff Kearns wrote it. I am interviewed by Bloomberg and published their everyday. I was supporting their story with more data. The purpose of bringing up probable "fowl" play on that blog was simply that - to indicate probable "fowl" play. Your perception that I am trying to sell the product based on ex-post results is coming out of your own mind. That particular story was brought to my attention by one of the most respected option traders in the world who happens to sit 10 feet away from me. I don't really take blog requests - but he thought it would be a nice story, I agreed, so I ran with it. As far as Livevol Pro - it's an app used on all exchange floors - 90% of the NYSE ARCA floor traders use at least one; we have users on CBOE, PHLX, ISE, BOX, NASDAQ and AMEX as well as the big banks, hedge funds and trade desks. The vast majority of our users are pros on the floors or upstairs. A few advanced retailers use it as well. If you don't like it, don't use it. If you don't like the blog, don't read it. If you don't like me, don't address me. You're right, I'm wrong. Please stop...
you sound extremely paranoid and you more and more give the impression away you either have some deep-rooted confidence issues or that you indeed have no other intentions than marketing your wares, and I believe its a little of both. Or otherwise why do you repeat mentioning over and over and over *** your blog *** that floor traders use your app *** that you are quoted by bloomberg *** that you sit 10 feet away from the most respected options trader I have not mentioned a single of those topics, yet you feel the need to re-assert you about all those issues in every single post you put on here. Here is my issue with your way of marketing: You give the impression that your app provides edge but all you have shown so far is stuff after the fact. Did you make that ARG call before and if why you did not call similar names whose call volumes were way out of whack? Questions you refuse to answer!!! How about starting here before telling us again who uses your app and how fast your blog grows?
Why do you keep making personal attacks man? Is that really necessary? Back and forth is fine, it's not personal - at least not for me. If it is personal, tell me, we can commuinicate one-on-one through email. If it's an open discussion, then it's worth being public - let people read - that's what the forum is for. I'd appreciate it if you would delete the last post - if you want to keep complaining, then copy and paste the complaint/criticism from your last post and re-post - please delete the personal insults (contact administrator to do this if it's more than 30 min old).
dude, you lose any credibility with this post. You said you had floor trading experience, you rather sound like a wining boy. You still have not answered any of the purely trading related questions I asked. I asked how you knew before the fact that ARG call options were a good buy. Still nothing.....