Search results

In java i set the localSymbol='6EZ3' field in the Contract object and leave the symbol field blank. And i set the expiry to "". I dont know if this is best practice, but 6EZ3 is pretty unambiguous. My code has been like that for years and still works. There is an option to see the...

How did you do the 3 years prior?

No, not unless you want your kids to know that Dad gambles for a living.

Trade #1: -0.34R Perfect execution on trade #1. The first trade lost money but i am expecting 50% of trades to be losers. Perhaps the next 5 (or even more) trades will all be losers too. Some readers will be wondering what instrument(s) i am trading. For this journal it doesn't matter...

Based on back testing on current market data, each 20 trade sample P&L result should fall between -5R and +15R. Obviously the results could be outside this range, anywhere from -10R to +30R could be possible outlier returns, and these have been seen in a much longer back test run, but i...

I will execute my plan in 20 trade sample sizes at a time. The idea is to flawlessly execute my plan with no discipline loss or mistakes. No changes to my rules or position sizing between the 20 trades. There will always be internal resistance to doing this as the human mind loves to...

With trend following you going to get multi year drawdowns sometimes. That said its not possible to say if this drawdown was an expected outlier or due to incompetence. It probably doesn't matter as either way the investors couldn't stomach it.

Stay away from these binary firms. They make a huge profit from clients. All bets are deliberately under quoted. I mean if the probability of an event happening is 80% (by standard option pricing models), they will only offer you a bet paying 10% (or less). Easy money for them. If...

Volatility will return at some point. And these funds would have printed money had they still been around. Market sentiment can change pretty quickly.

In trading you define the risk. You can risk 0.1% of your capital or you can risk 10% or you can risk 100% of your capital in one go. If you risk 0.1% of capital you might never have more than a 1 or 2% drawdown, ever. Assumes you have an edge. Of course your upside will be limited too...

Its October and the VIX is crossing 20 to the upside :eek: . I dont think we going to get a 80% crash, unless there is default of the debt (very unlikely happen). But a 20% correction is overdue, but who knows when??

For trading purposes i would want to get alerts, current price, and perhaps have the ability to close a position if needed. wouldnt want to be opening new positions on the thing. Its a bit less rude to look at your watch when in the company of other people than it is to constantly watch your...

The last time i looked at the vix a week or two ago it was 15. Shocked to see today its almost 20 ?? And the S&P is only about 2% off its all time highs! Where is the VIX going to be if we see a real sell off?? Things could get real volatile real quickly..

Prop trading by the banks is a dirty word these days, so i wouldn't be surprised if they hide it now by calling it something else.

If you make 220 trades a month as a retail trader, the only people who will get rich will be your broker. Neke is already paying a fortune in commissions and he is probably making around 50 trades a month.

I specifically mentioned retail trading in my last post, so i don't know why oracle wizard started going on about GS. Retail traders will always have large variance in trading results. The market can hand out money like candy some years or it can be really stingy in others. There is no...

I think out of every 10 years, roughly 5 will be really good, 3 will provide moderate profits and 2 will be a real struggle to turn a profit. There is no year in year out consistency in trading. At least not for retail traders. It is a myth. Find a method that prints money when markets...

Trading conditions are difficult at the moment. There is still some money to be made but it does not allow for many mistakes. Lets hope conditions improve. Neke needs to hang in there and preserve capital. When conditions do change then there be a lot of easier money to be made...

Bill Gates didn't cry like a baby when he stepped down did he? Steve Jobs used to call Microsoft the McDonalds of the tech industry. i.e. Cheap and hugely successful but really bad taste. Maybe the new guy can change that, but i doubt it..

The UK labour party leader was talking about wanting to cap retail energy bills a few days ago and also grabbing unused land. he was in full retard mode. he is totally owned by the unions and clueless about how markets work. If the guy ever gets his hands on power i wouldn't put it past him to...