SPX Credit Spread Trader

Discussion in 'Journals' started by El OchoCinco, May 17, 2005.

  1. the only other thing was that the humans are so far down a bit.
     
    #10581     Sep 29, 2006
  2. Sailing

    Sailing

    Richard,

    SNAGIT, (for a small price), will allow you to screen capture scrolling webpages, video, pics, webcams, you name it.......

    http://www.softwarecasa.com/pprod/212401dd.htm

    A FREE easy to use screen dump which is very powerful and saves files in numerous formats is MWSnap

    http://www.snapfiles.com/get/mwsnap.html

    Personally, I use a program called Irfanview... very nice also.

    I also like a program called TotalRecorder. It allows you to record internet programs by setting the url and time... similar to a VCR... 'set it and forget it'.

    Enjoy,

    Murray



     
    #10582     Sep 30, 2006
  3. jeffm

    jeffm

    Wow. That was a very interesting article.

    Algorithmic trading is something sexy sounding that you can sell to investors.
    Bloated IT department churning out curve-fit trading systems doesn't look nearly as good on a prospectus.

    I guess they don't want to come right out and say that their systems didn't work. They are whining about $5MM per year for upkeep of the systems? Please. Its chump change if the systems were making good money.
     
    #10583     Sep 30, 2006
  4. ChrisM

    ChrisM


    I just let them expire and it looks like this was the best shot under present circumstances. I had had long ES futures however, and sold 1350/1340 EW put 3 days before expiration, so final result was lesser, but still acceptable.
     
    #10584     Sep 30, 2006
  5. cdowis

    cdowis

    Question going back to the discussion on CTM spreads,

    How does it compare with simply doing a calendar spread? Perhaps any advantages of the IC may be offset by increased commissions and slippage.

    Perhaps volty would need to be factored into the decision.
     
    #10585     Sep 30, 2006
  6. actually that Global advisor guy was saying that the mechanical algorithmic system WAS working better than the humans. However the maintanence and cost of the systems are hugh and when markets change then they have to be reprogrammed (my guess) thus the life span of any algorithmic method is short (?)

    I have no clue about any of this as I'm pretty much discretionary and have never been sold on "black" box trading. There is no question that the IB's and HF DO use quite a bit of it...if nothing more than for speed of execution and as they said the ability to chop up a hugh trade into more manageable size.

    Murray thanks for the suggestions..unfortunately with each new program I need a personal geek valet :( hopefully I will find time this winter to work on it!

    sorry to be OT coach!
     
    #10586     Sep 30, 2006
  7. Prevail

    Prevail Guest

    rr, thanks for the article. why any organization would trade using a mechanical model and NOT be entitled to performance compensation is beyond me. they are using a hf business model without the hf compensation plan, no wonder they are not making money.

     
    #10587     Sep 30, 2006
  8. Prevail

    Prevail Guest

    murray, I have a delaware llc and gp. it works well. I also have the same set up in tx, but this before the franchise tax was created. I highly recommend a state without a franchise tax, but it is not the end of the world if there is one.
     
    #10588     Sep 30, 2006
  9. Sailing

    Sailing

    Prevail,

    After searching and talking to people over the weekend... it appears Delaware is the choice for financial LLCs.

    Do you have a contact I could reach for starting the procedure?

    thanks,

    Murray



     
    #10589     Oct 1, 2006
  10. Prevail

    Prevail Guest

    i'll see if I can track that down and pm you. 'good sunday.

     
    #10590     Oct 1, 2006