As far as I know none of the 'network' of friends I know is on futures.io (formerly BMT) or is aware of futures.io (formerly BMT). None of them are trading where futures.io (formerly BMT) would be much help. A few are still trading the treasury curve (spreads) and charts are not much of a factor...a few have tried to develop an automated system and have hired developers etc...very short term scalping with speed their main advantage.
I think everyone has lowered their expectations and is just trying to grind it out. Most have left trading and moved on to other careers or jobs.
I primarily trade the Ym because I am a member of the Cbot (cheaper fees). In august I started trading the TF and I like the trade. I did not trade it before because I did not have data for TF. Trading oil is going to be a project for 2015. For whatever reason no one was interested in trading the indices. It is a much harder trade than spreads and requires a completely different skill set.
The Market is Smarter than You Are
The following user says Thank You to tflanner for this post:
thanks for the replies,
there are a few ChiTown traders on these threads, and they have helped them immensely in the transition from pit to upstairs, and index contracts too...
your answers sound like a real floor trader from the pits in that the world that one knows is the only one that exists, and those myopic eyes,, well, you chose the red pill. Had you chosen the blue pill, you wouldn't have seen just how far the rabbit hole really goes....
oh, and yeah, this one too.... come on... stop trying to hit me and hit me!
The following user says Thank You to kronie for this post:
Thanks for a very interesting read. I've never been a floor trader, but your posts had me reflecting on a lifetime in business and the ways I've had to adapt. As always it is adapt or become extinct. It is certainly no mean feat to carve out your niche in the markets, but once you have there is plenty of money to be made. Just remember, if you have too much company you are probably in the wrong place.
The following 2 users say Thank You to Johno1 for this post:
I'm hooked to your stories. Could we have some more of it?
I belong to the generation that came just after yours. I worked less than 6 month on the floor as a market maker for CAC40 options and just after it all went to electronic.
I'm a kind of nostalgic of thinks that I have not really known or lived. For people of my generation who have been raised and educated in front of a screen it was a good move since we were more comfortable with numbers on a screen that with people screaming around you. But I wished I had known more of those "glorious times".
You should write a book you have a real talent for telling story.
R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
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