convexx's "hitting bids and lifting offers" ETF options

Discussion in 'Journals' started by convexx, Sep 13, 2014.

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  1. is this real life? He asks for screenshots of transactions but never posts any of his own? O RLY?

    I'm with Dr_BVCC on this one. Surf must be an absolute master troll.
     
    #81     Sep 23, 2014
  2. Guys, surf is drunk.
     
    #82     Sep 23, 2014
  3. convexx

    convexx

    Ignorance.

    The DMA brokers publish the complex spreads and combos to the COB. I really can't respond further to such abject stupidity. Anyone on here could've bought and sold the trades, instantly, at the prices I've shown.

    It is truly reporting the worst-possible fills.
     
    #83     Sep 23, 2014
  4. surf, read es journal...

    conv goes further than simply calling entry, exit..he is posting pricing screens (same as posting es current price screen cap, which no one there does because u can simply look it up as soon as u see someone post entry or exit) on each buy and sell.

    the trade calls are super clear if they earn or not...i really had to explain that to you?
     
    #84     Sep 23, 2014
  5. convexx

    convexx

    I posted trades in RT on my stfu journal. I posted screenshots of fairval (mid) as it's a single figure and convenient. In products like GOOG it was achievable. In index products I paid $0.30 over mid on average.

    I will again be completely transparent with my timing in my ETF signals taken in vola. I will post all trades in RT. All trades will be expressed as "worst-case" fills. Lifting offers on the buy, hitting bids on the sell. Screenshots in RT that will reflect the COB NBBO.

    I will be starting on Monday. I will report cumulative performance at the close of each trade. No fills inside NBBO.

    30-60 day journal.
     
    #85     Sep 23, 2014

  6. Ok, that's all well and good--- but, as an allocator asked me, why doesn't he post the exact pricing of the legs? Professionals in the business find this odd---

    I understand not posting anything, I don't, but I am not looking for allocations.

    I guess you made nice with Convexx? I am happy to see this.

    surf
     
    #86     Sep 23, 2014
  7. Why are you avoiding the exact question? Why don't you post shots of the exact pricing of each leg in the trade? I could care less, I am just trying to help you out here. surf
     
    #87     Sep 23, 2014
  8. convexx

    convexx


    Because nobody would quote a spread and look at the fill on the legs. Nobody would care if their 80/90 call spread was filled at 12 x 9 or 13 x 10. The result is a $3 debit. It's why there is an COB -- complex order book. It's why we trade spreads instead of outright legs... all that matters is the NBBO. I am making it far more difficult by trading at market.

    That's how we know the allocator is an idiot.
     
    #88     Sep 23, 2014

  9. surf , it is not a subjective defense of him...its all objective facts all that he is saying that cannot be fudged... you should consider taking one of his calls and seeing for yourself.
     
    #89     Sep 23, 2014
  10. convexx

    convexx

    If anyone here has a problem with trading market orders on complex positions then by all means make the case here... I would never do this (B/S at mkt). I place orders inside the NBBO. That's the entire point of this journal -- to fill at the worst-possible price and attempt to remain profitable.

    I have taken these. All of my actual fills were far superior to the prices posted. That is THE point.
     
    Last edited: Sep 23, 2014
    #90     Sep 23, 2014
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