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  1. M

    Shrinking ES bid/ask sizes (2007/11/9)

    If you watch over night at all, it is much more noticeable. Very rarely do you see more than 50 up, used to be a couple hundred up.
  2. M

    Number of contracts per $$

    It al depends on how you trade. without knowing that any discussion is meaningless.
  3. M

    The stupid and irresponsible "home owners" bail out is happaning

    Amazing. I'm so mad after reading all of this. (Not the I wasn't before!) You create a system where the borrower has nothing to lose, ie no down payment. And the originator has nothing to lose because they are just going to sell the loan. Nobody has anything on the line, just a lot...
  4. M

    Automated Trading Seen Dominating Futures Markets by 2010

    If you are trading for more than 1 or 2 ticks and longer than a couple of minutes,this could be seen as an improvement. Larger size and tighter markets will let you do more size for a cheaper price. A lot of the excess has been sucked out already in the shorter time frames. Might be better...
  5. M

    Sizing tip for larger traders.

    The OP started by talking about the "emotional effect" affecting a retail trader. Not comparable to hedge funds in Aug. It all depends on what you are trading and how you are trading it. What I'm talking about has worked for me. It might work for no one else, or it might. I don't know...
  6. M

    Sizing tip for larger traders.

    Sorry the PS bothered you. I used to think automation wasn't any option. I sat there day in and day out clicking away, thinking I was a discretionary trader. Then I sat down, formulated my rules in writing, tested and automated them. I won't run my programs unless I am sitting there...
  7. M

    Sizing tip for larger traders.

    Don't think it would help at all. There certainly are emotional blocks with trading size. They can have very high opportunity costs. Automating my system helped me lot with increasing size. All of sudden, it was the system having a bad day, not me personally messing up. (I still mess...
  8. M

    SPY does not track SP 500 index?

    No. Look up the standard future pricing model and you will see why.
  9. M

    How small do you trade after a decent size loss?

    For a discretionary trader trading smaller after a large win makes sense. The large win can distort your judgment and lead to taking foolish risks. Not sure how it works for a purely system guy. I personally don't change a thing whether it is a big up or down day. I'm not a huge fan...
  10. M

    POLL: What was your best trade ever?

    The day of the fed discount cut was pretty big for me. I made about 10% of my year in the ensuing 10 minutes. Went from completely flat to completely flat in 10 minutes. I just had added a whole lot to my account. I won't go into specifics though.
  11. M

    Raising Capital For Fund

    If 4 out of 6 years were not that good, then I do believe that your P&L is speaking for itself. if you had 4 or 6 bad months in 6 years people might be interested. People want consistency. They don't want to give money to someone who will just swing for the fences. Just trying to give...
  12. M

    Spread Margins

    CME gives spread credit no matter how you get in the trade. you either have a spread on at the end of the day or not. Not sure about anyone else.
  13. M

    What is a profitable strategy?

    I always worry about "data fitting" when only a couple of trades account for most of the profit. If it isn't profitable if you remove the best 5% of the trades, I would be very careful.
  14. M

    Up with Christians. Down with Jews.

    Religious extremists are always a problem. Unfortunately, nobody cares about you if aren't an extremist. "If all Christians acted like Jesus. The whole world would be Christian." Unfortunately that isn't the case.
  15. M

    Food for thought: The Psychology of Waiting

    It makes a lot of sense, but at the same time you can compare certain vs uncertain outcomes. would you take a safe 1 million over a 50% chance for 5 million? What about 10million? Does it change when the numbers are smaller? What about a certain 10k vs a 50% chance for 50k? What...
  16. M

    Don't buy a house! Rent and invest in stocks to get richer?

    Is that really all that different from If you buy an ETF and you hold it for 12 years and get 7% on average, you will have doubled your money. No need to make payments. No repairs. Everyones situation is different. I see no need to buy even though I could afford it.
  17. M

    I blew up this morning. But I feel fine.

    It sounds like you got bored and took a trade outside of your system. I certainly wouldn't recommend compounding directly, but I would think about increasing size a bit. It would help keep you from taking trades outside your plan. Trade as small as you can that you still care about it...
  18. M

    Chicago trader seeking advice

    trade as small as possible. the goal, until you make money, is to survive, not worry about paying bills.
  19. M

    IB Update speed on futures bid ask size insane today?

    From the begining of my contribution to this thread, I have been talking about professional's usage. I really don't know how it would affect a novice. When I was a novice, I started with the high quality feed. I'm pretty sure that my firm throttles there quotes in the thousanths of a second...
  20. M

    IB Update speed on futures bid ask size insane today?

    I am telling you that I think it would make difference for me. My tech guys kept telling me that I couldn't tell the difference between it taking .03 seconds and .13 seconds. He doesn't doubt me anymore. (That is the difference between the eye that watches every tick open to open, versus the...
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