VIRT/ES1!

12 Dis 2019

Made a few bucks (literally like $10-$15 or something) market making this morning, but I'm avoiding using up any more cash buying power until my pattern day trader warning has gone away. Who knew market making could be so complicated, amirite?
The good news is that I made money on every single individual trade, so my PNL was strictly positive at all times today.
I'm marking this as "neutral" not because I'm any less long than before, but just because my trading activity this morning was 100% market neutral.

12 Dis 2019

Nota

Post-close update: I ended the day by locking in my mark to market profits. Tomorrow I should have around $150k in my cash account to play with, and on Monday I should have my margin buying power restored since I think I've successfully avoided the pattern day trader designation.

It probably goes without saying, but unless you're like me and you're willing to be long $500k of this stock in a brokerage account, you need to use options to actually execute this sort of market making strategy yourself. I myself left Virtu right around when we were starting to get into options, so I've never actually traded options myself. I'll learn to trade options sooner or later, but for now I'm just getting back into the game by trading the outright equity a little. Having a great time too :)