Search results

The old analogy of the guys selling the shovels were the ones who made the big money during the gold rush and not the gold prospectors. All these dodgy prop firms are out to fleece the gullible and desperate. I have met two failed traders who have been approached by prop firms to provide...

Week 9 ====== £582 profit Closing Balance: £45992 Peak equity this year: £56991 Current draw down: 19% End of the weekly losing streak. Good riddance to February, it was a nasty little month. I did dip negative for the year at the start of the week and i could again if this...

Did you really make two and half million bucks last year? Yeah... I did. What do you do with all that money? I don’t know really. It goes pretty quick. Excuse me? Well the tax man takes half of it up front. So now you got what... million and a quarter. Mortgage grabs another 300K, I...

Its most likely just a warning you got from IB. If not, can you confirm the money has actually been taken from your account?

I doubt the bottle neck is the code. The speed gained up from coding in assembly over C or C++ is probably inconsequential compared to the network communication overhead and disk writing. So spending that extra time and money on hand optimising the code doesn't provide enough of a pay off...

Drawdowns are an expected part of speculative trading. We cant assume the method isn't getting us anywhere just because we are having a losing streak which wipes out recent profits. This current draw down is within expected limits. If this or any future drawdown goes well over 30% then that...

To quote Van Tharp: "We typically trade our beliefs about the market and once we’ve made up our minds about those beliefs, we’re not likely to change them."

Week 8 ====== £3183 loss Closing Balance: £45410 Peak equity this year: £56991 Current draw down: 20% Another brutal week takes this draw down to 20% from peak. It would have felt better if this if this drawdown had come from a higher equity (like 75k), but as traders we dont...

This seems to been the pattern for at least the last 100 weeks with Neke. Over 100 weeks of this ffs!! Losing weeks bigger than the winning ones. The reason has nearly always been adding to losing trades?? Add to winners, dump losers quickly. That is the best way to get the profit...

World oil reserves are well over 1 Trillion barrels and may be as much as 2 trillion. 1 Trillion barrels =100 Trillion dollars worth at current prices.

You are welcome, i hope you enjoy watching my roller coaster ride. My advice to newbies is to stay away from trading, especially day trading. I would not advise my kids to enter this line of work. Trading is really brutal and it is extremely hard to continually turn a profit in the long...

I opened a company account with them. a) For a) i sent a copy of my bank statement, you need a bank account for your company for sure, so you should get a paper bank statement at some point. I deliberately didnt select 'online only statements' from my bank as i knew IB (and maybe others) will...

Neke is really destroying the market.. Every time he says he has a big losing week, he really just made a big cash withdrawal and secretly 'invested' the money on coke and call girls :). Just nobody tell his wife :p

Neke, Last year you posted a similar one line post, another mid week newsflash saying 'Tragedy has struck' That one turned out to be a 30K loss day capping off a 121K down month (june 2011), how bad is this one...

Week 7 ====== £3408 loss Closing Balance: £48593 Peak equity this year: £56991 Current draw down: 15% Another brutal week takes this draw down to almost 15%. The last six trading days have all been losers. How long this draw down will last and how deep it will go is anyone's...

That was funny.. the Peers were pretty clued up, they weren't buying any of the b.s that Semeta was peddling. The Lithuanian term for 'buying a pig in a poke' is pirkti katę maiÅ¡e 'to buy a cat in a sack'

Losses are never fun :( As traders we have to train ourselves to accept losses, but still they are never fun, we just get used to them. Still a hot streak that lasts many months can be fun :) but it always comes to an end :( 'You’re on a roll, kid. Enjoy it while it lasts, because...

There was a ftt study a few months back in which various organisations contributed. There was section written by this charity with a multi billion endowment fund. They were also squealing for an exemption.

Me too just $1 for Jan 2012 (0.63 GBP) 02/10/2012 Intercontinental And New York Board of For Jan 2012 -0.63

Attached is an IB generated report that shows a sharpe ratio metric for my account year to date. I said i wouldnt bother calculating the sharpe till the end of the year a few posts ago, but since then i just realised that IB calculate it for me so i will attach it: