Short over two points of bund vol on expiration day and there is a plane crash or earthquake somewhere in the world (I can't remember now, this was about two years ago...) and the market took off north and I am swinging 25 lots at the futures market trying to anti-scalp and am not getting any futures. I am swinging like a mad man all the way up and getting nothing so I keep swinging faster and for more size desperate to get an anti-scalp off since we have just rallied about 45 ticks in only a couple seconds. Little do I know that I have my software set so that when I swing at futures it routes a limit order. Everyone of my swings was going into the market as an order and staying in the market. We topped out about 50 ticks up and then spiked down a quick five ticks at which point I was filled on over 200 futures and then the market gapped down about twenty ticks in my face while I sat there stunned at what had just happened. About 45K in my face. Learned a valuable lesson that day though, if you are short vol and the market is going crazy, don't swing at futures, swing at options, but ouch.
Indeed. Spam alert. Somebody should take this scumbag out back of the shed and give him a good beating. I don't know which I hate worse, the spam itself, or the sneaky, underhanded ways these jerks try to find suckers. He "feels your pain, brother". Cripes. Crawl back under your rock, you slug, you fake, you low-life grifter. H
How did you detect all that from one post? Perceptive mind, The guy has only made 2 posts on this forum. Are you gun shy? Have you been bitten before? Is it possible he might be wanting to "help" his fellow trader?? Are you looking at the world thru tinted glasses and suspect everything that comes your way with no real factual basis unless you know something anout the dude that I don't know. Give him a break! Until he proves otherwise. He is new on ET
Before you post that info on a public forum you might better check with your source. I doubt he would want you giving away his calls!
i'm curious as to why you chose the ib over Andor. was it different groups within the firms? dang you just never know about these startups. remember back in the day when yahoo just got started one can actually go to every single link that yahoo had in its directory? now who the heck would pass up an opportunity to join a big prestigious company with better pay for an online directory/search company? online ads? why the heck would anyone want to advertise on web pages? lol!
Somrthing dumb I have done has earned me GBP 8000 today. Back in Sept I think I wanted to sell one naked put on Z at 4525. The premium received would have been GBP 200( 20 points x 10). My default is always one contract.but something went wrong and my default was 40 and I did not notice that and I got filled for 40 contracts giving me a premium of GBP 8000. I did not reverse the trade as strike 4525 was so out of the money that it being hit was remote but I was monitoring all the time. This contract was for Dec expiry which has expired worthless today. I am lucky I had enough margin for the trade.
Well, read his post again. I do not know what the close of the next 2 min bar will be and yet he knew the close on Trip. Q's will be flat. Wait a second, I now the close for trip Q's it is flat again, by the way how many still trade TRIP Q's.
Maybe not the dumbest thing I've ever done, but I kind of wish I wouldn't of covered my OSUR short at the close yesterday.:eek: