Search results

Well not exactly. The formula is quite simple. Find a pair, put a stop just above or below the most recent swing high/low for short/ long trade. Take the amount of pips from current price to stop and multiple by 2-4x to get your target. Then backfill with potential news events affecting...

Here's a newsflash, these people do not run their own funds. How do I know? Because when the show 1st started, I was selected to be the first alternate (if someone bombed or dropped out) but part of the disclosure deal is that you either have to be in a similar trade to the one you recommend...

I used to feel the same way about my IP, went so far as to lawyer up, had the code copyrighted, threatened enforcement of BS NDAs, had a guy fired, had a guy black-balled. To what end? Cost me a lot of time and aggravation, not to mention money (never let a lawyer get into email wars with...

Yes, this can be done. As Thomas points out, NT by and large stinks but is the nicest smelling turd in the bowl. That said, it depends on what you are looking to do. You could do something like NT>Excel/VBA > R > FIX API. Now this obviously isn't ideal for any type of real time trading...

The advice from ct10gov is right on. Find another shop that does quant strats. Don't forget, you also have experience as a quant which is always a marketable skill to a prop desk/hf/CTA. You may have to take a pay cut in salary to get in door, but if you go in explaining that you have...

Paying that much in commission likely means he deals directly with liquidity providers so the most he is paying is $20 round trip per million, so that could imply that he is taking a position of 50mil. To be able to trade 50mil, one would need 1mil here in the us or 500k abroad and that's...

Not true. Supposedly this kid is a quant genius, but for all I know he could be this guys bastard love child. All that aside, I wish I had some huge project for this kid to get into, I just don't. That's why I was asking for direction. Sure I can have him do a bunch of mundane stuff, run...

They wouldn't and I'm not. That was an initial reaction, and response to caveman.

This is exactly what I decided to do. I figured I'd cull a few ideas here and then share the results with the person who suggested it (them). Gonna give it a try next week. Will let you know how it goes.

Thanks for the replies guys. Caveman, my paranoia meter was the first thing that popped up, but my stuff is protected on a secure server offsite and this guy doesn't have access to anything. I'm not worried about theft of IP. For the rest of you, I don't need a quant. This guys was sort of...

Quick background: running a CTA using technical models developed over time after coming from discretionary prop trading. Work with a few allocators who have seemingly been happy with performance so far. At the beginning of the year, one of the allocators asks me if I'll work with this...

50 Shades of Gray :D :D :D The problem is most are colorblind to begin with, perhaps vision problems induced by too much koolaid? Or is the color of swan in the eye of the beholder, in some sort of Orwellian group-think whereby truth is only measured by the number of those who believe it...

No worries. Trading is always a grind, but I suspect you know this already which puts you in the 90th percentile here. As opposed to those who think institutional investors are looking for the next Nostradamus and are willing to back every bozo who thinks they are the next greatest thing...

Exactly that's why the guy is losing money! Read the whole thread, I wasn't advocating that or suggesting they were similar, but was merely diagnosing the guys problem based on other guys like that I've dealt with.

Sell their order flow? What order flow? I have nothing to do with their accounts. Their account, their money, their name. I can't even see what these people are doing unless they send their results to me. Most that try out never even send in their results!!! They use the resources and are...

This. I have found that traders with a military background a lot of times have a fear of being wrong because in the military mistakes can cost lives. He is an interesting case because when he loses, his group wins. It's kind of like the platoon leader jumping on the grenade to save his guys...

I hate to hijack this thread but to answer your question it really is determined by strategy. This means that we use a proprietary model to determine what your parameters are. Low DDs means more cars, longer holding period, less cars, etc. Traders use their own discretion and...

For OPM, it most assuredly is not false. For back testing in your tightly whiteys from your mom's basement it's fine

Not at all. Trade as often or as little as you like. But if you can't maintain low drawdowns, then u shouldn't be trading anyones money but ur own. Big drawdowns means your strategy sucks. You are a gambler, nothing more. Learn to be patient and wait for a low risk entry. Ur probably the...

Well to add my two cents here to all of this.... I actually do run a group but it operates differently from what Patak does and what Mav's is is proposing. I do not pimp my product here, as frankly this cast of characters is unworthy for the most part, but u can search my previous posts to...