Search results

if you trade big enough size, any of the major houses (I Banks) will provide you with support for ANY software platform along with super-low latency exchange connections for true high frequency trading. i know Morgan Stanley is very big in this space.

But the problem with all this advice, from yourself and others, is that he doesn't know if this system has an edge or not. It's all speculation until proper backtesting is done but jasper appears unwilling to do any except to say "this has worked well over the past few days. i'll try that."...

Jasper Kudos to you for pressing on - trading is definitely an emotional rollercoaster. But I feel that I should re-emphasise my earlier advice from the start of the thread. Please back-test what you are doing before you trade it for real money. Eye-balling different indicator setings...

well, really you should feel compelled to withdraw your comment completely :) In all seriousness, your statement may lead people seriously astray. Not sure if you are just expressing yourself poorly but the statement as written is just wrong. Even if stock price movements were normally...

be careful with that list - most of them are not what you are looking for (ie not risking own money) that said, most of them do offer "grad" positions where you do not put your own money down. but once u have built up an account, you will be expected to maintain the account (i.e. you cannot...

Jasper Thanks for the thread - appreciate your honesty I don't think you mention whether you have backtested your strategy. Given the system is so simple, it should be relatively easy to do so. For me, backtesting was the ultimate confidence booster. It tells you (a) whether you have...

Excellent post and I agree with everything Cutten says. I worked in the city for the last 4 years. I think blaming your inability to find a job on the country you live in is a disgrace, especially when you live in the UK which is a relatively open, market economy. And comments others have...

agreed something else that is worth considering is that investors / financial backers will often put a higher premium on consistency (assuming positive results) than maximised returns. this is similar to a "novice" trader as they are often not prepared for fluctuations in their accounts...

Tentequals It's a tough choice and one which I also made. The route I took sounds similar to Whoknows? - I was trading at an IB then stepped out on my own. I haven't faced bankrupcy (yet) but I'm not financially free yet either. bottom line is that the "best" route depends on how...

BlueStreek - why do you insist on posting new threads everyday saying the same thing? We all know you're bearish as hell and that you have been wrong so far. Maybe you'll end up right. Maybe not. Who cares? Please stop posting this rubbish.

your trading history is valuable in so far as it show interest and aptitude in the markets which makes for a nice CV when combined with your degree etc. however, i suspect it will not be of any direct benefit in terms of joining a HF or IB. to take you on as a ready-made trader, as others...

Not sure what you're getting at with this post laced with sarcasm. All I'm offering is my honest advice - at least I do know traders who have already travelled down the same path the OP i starting on.

Just a couple of thoughts 1) Be careful which comments you take notice of from these forums. Many people here are not successful traders. A few are. If you have been trading successfully for a few years, you are ahead off 95% of posters on this site. 2) Don't be too apprehensive about...

But the back test here has not been conducted in a proper manner. Why? a) Selection bias (as already pointed out - the fact that the security is still traded and still considered "blue chip" suggests a long only strategy will be successful b) Market bias - uses a long only strategy in a...

Mark is very correct. Unless I am misreading him, what he is saying is not that "strong earnings lead price" (which they of course do) but rather that exogenous factors need to be considered to uncover true edges in the market. Too many traders try to data mine the OHLC charts to find a...

tuneman - looks like your an active user of the ET site. u should know not to ask these questions. this same topic has come up a hundred times in past threads. use the search tool. better yet - go to the book review section of the site. this site becomes valueless if people endlessly...

if you really believe that a recession is on the way and that the market hasn't priced it in properly yet (which is key - if it has been priced in, you might as well do nothing) then bonds are likely your best bet. interest rates are very unlikely to go up in the context of a real recession and...

any other systems guys out there want to explore some collaberations, please PM me. good trading all

40yo - thanks for the reply. everything you have written suggests you are a gentleman and i'm sure your CTA business will be a success. if you need any help raising clients / capital please let me know. i think my own financial backers could well be interested. good luck yourself

i agree it's a consideration. but i prefer to have clean numbers to compare systems. slippage, by nature, cannot be estimated accurately. i figure that, worse case scenario, I have 1 pt (i.e. 2 ticks!) slippage each way - i.e. 2 pts per trade. this still leaves me with 13 pts profit per...