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  1. M

    How to start a hedge fund?

    Check out... http://www.hedgefund.org/ Look for the "Order Your Hedge Fund Reference Guide" link on the left side under "Investors/Intermediaries:" MGB
  2. M

    MGB: Journal

    Tuesday, August 19, 2001 +384 A nice simple day. I made all the profits before 11am trading 300 and 600 shares. I stayed out of playing the Fed decision. I didn't want to take any chances. MGB
  3. M

    MGB: Journal

    <b>re: El Cazador</b> <i>MGB, about the Fed meeting tommorrow; there was an article at Tradingmarkets.com a while back about getting the direction right after a fed meeting. I think it went something like the 3rd wave is right 90% of the time. That is if the market goes up in response... then...
  4. M

    MGB: Journal

    Monday, August 30, 2001 +700 Solid day all around. I traded 300, 600 or 900 shares depending on the situation. Made all my profits before 11am. All trades went in the direction as expected, except for one trade which I got out of quickly. I'm noticing a pattern. If my first trade is...
  5. M

    MGB: Journal

    re: rTharp Regarding, "Trade your way to Financial Freedom", I'll take a look at it. How was the Expo? Thanks, MGB
  6. M

    MGB: Journal

    re: TradeRX <i>A fortunate thing for you Einstein was an amiable fellow. ...Or you'd still be living in the world of Newtonian physics. "Genius" is not always pretty.</i> Bad comparison. Einstein didn't throw his ego around. When he invented something that works, he told people how...
  7. M

    MGB: Journal

    Friday, 17 2001 -3500 No comment. I ain't talking about it today. MGB
  8. M

    August Trading Journals

    re: candletrader <i>I used to use consolidation breakouts a couple of years ago, but I have found that everyone looks to play em. This strategy used to be a money machine but I have found the good times have ended.</i> People play them because they are easy to identify and watch for...
  9. M

    MGB: Journal

    re: TradeRX It's hard for me to take advice (Keven Calhoun's website) from someone who consistently has an adolescent attitude on this board. Sorry. MGB
  10. M

    MGB: Journal

    For the work I do, Seattle is in a high-tech slump. I've never gone this long (8 months) without an offer. Seattle is going through is highest unemployment in 5-years and the internet/high-tech category is the hardest hit. Even if I do find supplemental income, it can't interfere with my...
  11. M

    VWAP price at 0.02$/stock on IB : interesting?

    Why not have a chart that tracks the VWAP of the stock? When the stock price is below VWAP and "confirmation signals" are in sync, buy. When the stock price trades above VWAP and "confirmation signals" are in sync, sell. I realized that VWAP for that day is calculated at the end of the...
  12. M

    August Trading Journals

    A strategy I would like to do is hedge with both a long position and a short position on the same stock. CyberTrader doesn't allow me to do that. When I'm in an consolidation range, it could breakout to the upside or to the downside. It would be nice to have a short position and a long...
  13. M

    MGB: Journal

    Thursday, 16 2001 Normally, my entries are good. Most trades go in the direction that I forecast them. But today, every trade went in the opposite direction. A long trade reversed. A short trade reversed. This time, I obeyed thy stops :) Only two trades were good but not enough to get...
  14. M

    VWAP price at 0.02$/stock on IB : interesting?

    No, VWAP trading means, in this case I believe, that you get VWAP price for the stock. Not a penny more and not a penny less. Another system does pre-market VWAP trading. http://www.evwap.com MGB
  15. M

    MGB: Journal

    re: rtharp How do I go from trading a negative expectancy system to a positive expectancy system? MGB
  16. M

    MGB: Journal

    Wednesday, 15 2001 I'm up +137, another net positive day for this week. Two more to go. It could have been much better. It could have been really worse. I was +256 when I suffered a temporary internet connection problem. I was in a trade when I lost connection. Once the connection was...
  17. M

    MGB: Journal

    i found out that http://www.ishares.com is providing another iShare with Goldman Sachs called, "Goldman Sachs Semiconductor Index Fund", trading symbol is IGW. It has been trading since 7/10/2001. NVDA is not a member of $SOX but it is a member of IGW. There are 54 members in IGW. I just...
  18. M

    MGB: Journal

    Ahem... Thanks for the catch... Forgot some divsions... Average Winning Trade: $220.67 Average Losing Trade: $305.60 Now, that is a problem. Average Losing Trade is higher than Average Winning Trade. Poohey. MGB
  19. M

    MGB: Journal

    Yesterday (Tuesday), NVDA posted a lot of positive news. -- 2 for 1 stock split -- Beat estimates, 0.43 beats 0.41 -- Introduce new chip, more powerful than ever -- Introduce Fujitsu that will use the new chip -- etc Would you expect NVDA to pop up significantly at the open? If yes...
  20. M

    MGB: Journal

    Here are my stats so far for August. STATS: Month-to-Date: +$185.81 (pretty pathetic to me) Total Shares Trades: 59,466 (counted buys and sells) Total Trades: 39 Winning Trades: 23 Losing Trades: 16 Winning Percentage: 58.97% Losing Percentage: 41.03% Average Winning Trade: $5,075.45...
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