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  1. Q

    How can this oil hedge fund giant lose so much when October was an easy short trade?

    Have you or anyone else calling this move easy/predictable got trade statements the past month to back up the claims that the short was obvious ?
  2. Q

    China has granted its first forex broker license

    Many forex brokers like Pepperstone has been in China for years. Like many things in China, a lot of things are "illegal" technically but never enforced. Smoking is illegal in restaurants but you won't find any low end/local eats without someone smoking in there, sometimes police themselves.
  3. Q

    You're a Liar

    Nimbleness. We can move retail sizes of few hundred K or M easily. Easy fills, minimal slippage. Big money don't have this luxury. Massive advantage. As for using retail platforms/tools - price is price. We get the same price data, which is what we are trading, as the pros. Besides HFT, I do...
  4. Q

    October Performance

    In equities I agree when vol gets high it's easier. I had my best month ever too. I don't agree with being easier to read though, for me. What's easier is to just jump in. Anywhere. It's much more forgiving than slow upward grinds. You can sell almost anywhere into the move as the downside...
  5. Q

    Is it ever correct to deviate from your pre-planned exit strategy?

    Discretionary or systematic, pick one and stick to it. Systemic don't deviate from plan. Discretionary yes adjustments can be made as new information (price) forms. Find out which you are better at and stick to it. I prefer discretionary and "deviations" from plan, aka updating plan.
  6. Q

    A Relic Trading On Feeling

    With some luck caught the drop and held onto it on day trading leverage for a big boost. Got lucky again on trailing stop was 3 points off my trailing stop, profit would be halfed if it went 3 points higher. My sharpe ratio obviously suffered with the large volatility which dragged the FS score...
  7. Q

    Year over year improvements - question

    The more years that goes by for me, the less I estimate a % return. A risk adjusted stat taking into account DDs is better IMO. Sharpe is not in any way perfect, but it's better than simply a % return figure. You would need at least 2 consecutive years of higher return than previous year to...
  8. Q

    why cant i trade options when the markets are closed ?

    Go trade binary options if you don't know what a futures options is
  9. Q

    Sifts Data for Signs of Rigged Markets

    Ummm, like all freely traded market of course it's manipulated to a certain extent..
  10. Q

    FX options retail trader

    Not accessible to most retail players like the OP.
  11. Q

    FX options retail trader

    Not a very good market liquidity wise. Go for equity/index futures options if you want options or just the FX market itself (spot or futures) if you want FX.
  12. Q

    This shocked trader woke up $89M richer — kind of

    From Goldman trader to ETrade...
  13. Q

    How much was your highest intraday trading profit?

    I know people who are experienced already trade for Propex off-site that do well. As for the trainee training by the firm I don't really think any are great.
  14. Q

    How much was your highest intraday trading profit?

    The trade went on to about 140k over the next 2 days but for the gain in one day with biggest realized + unrealized is on this day. As others have said one day doesn't mean much overall, just makes conversational fun. I was fluctuating around break even for Feb before this trade.
  15. Q

    IB TWS read-only mode disappeared.

    Fine here after updating. Both mobile and windows desktop works. I think something on your end.
  16. Q

    AQR Quants Say Most Long-Vol Bets Lose Even If They're Right

    CAGR is compounded into cumulative return...just like cumulative return can be divided back into CAGR... The global markets is so connected in the modern day that using different equity benchmarks for equity funds is just lame excuse to underperform but still collect fees. But OK that is my...
  17. Q

    AQR Quants Say Most Long-Vol Bets Lose Even If They're Right

    You can when you are gauging their performance as a manager. Otherwise if a manager had 9 funds which were negative return and 1 that outperformed would you call them a great manager that outperforms the market ? I'm simply putting their overall performance in perspective to take their research...
  18. Q

    AQR Quants Say Most Long-Vol Bets Lose Even If They're Right

    The average for the different styles. The average PA return for equity funds is 9.48% (all the 5y returns added, divided by no. of funds, 20) PA then compounded for 5 years is 57% vs 77% index. All the other styles are the same. I supposed if you did manage to pick the top from a particular, you...
  19. Q

    AQR Quants Say Most Long-Vol Bets Lose Even If They're Right

    Not surprised they reached this conclusion. They are under performers themselves. I can't find one styled fund out of many that got anywhere near the index. Most of their fund's 5 year returns are in the 1x% range. S&P500 5 year return is around 77%. Most traders are losers. We knew that...
  20. Q

    Return <10% at bank prop trading arms? Transparency from financial statements

    Mutual funds are not that high. 1997 to 2017 average annual mutual fund returns are 4.67%. ~10% return is great, if it was consistently achieved, while trading different less correlated products to the S&P500. Too little years (2-3) in the data you found though to make a conclusion.
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