Search results

  1. T

    Made a lot of progress, but feel like there's so much more to go...

    Maybe. Given my work schedule, that's a distinct possibility. But I think I'm more or a swing trader. I'm still trying to time the swings for a few days to a few weeks. That's my sweet spot. I have yet to hold an instrument for years on end, which is the realm of long term investors.
  2. T

    Made a lot of progress, but feel like there's so much more to go...

    So, I have learned the lesson of cutting losses fast. That was the turn around. Now, I am learning the lesson of holding onto winners longer
  3. T

    Made a lot of progress, but feel like there's so much more to go...

    OMG! It's continuing to go up. I wished I had kept those 62 options. At least in my nontaxable acccount I'm still holding... If it's a major position, then don't get out on the first up day. It could be a multiple day monster move...
  4. T

    Made a lot of progress, but feel like there's so much more to go...

    I hear ya! I'm too slow too! It took me this long to admit it. My personality is more of big picture thinker and analytical. Afterall, I was a quant earlier in my career and I'm now in Management(tech/fin/data) which is a big picture , strategic thinking kind of job. I should have found a TF...
  5. T

    Made a lot of progress, but feel like there's so much more to go...

    I think the reason why my swing trading and options trading are so much more profitable is because I'm very selective and patient about it. With daytrading futures, it's too easy to be trigger happy. In and out. For swing trading, I wait for just the very very good setups. I'm very patient...
  6. T

    Does the Pareto Principle apply to your trading results?

    Yes. In fact, it's more extreme than that. At one point in the past, a handful of good trades account for more than 100% of the total profits! The rest was losers that dragged it down.
  7. T

    Made a lot of progress, but feel like there's so much more to go...

    I agreed. I have 2 accounts for this. One short term which I do relatively high turnover on that account. In my nontaxable account, I have been holding gold since Aug! Right near the bottom. I feel like there's a lot more room to go. But that is more of a position trade than a swing trade. It...
  8. T

    Made a lot of progress, but feel like there's so much more to go...

    Thanks for reframing the psychology behind my exit. You are right. It's fear of losing the bird in the hand. But to add another layer of depth to this, I just realized in my daily TF is one bar/candle. Drilling down, I have noticed that there are clues intraday. For example, with a continuation...
  9. T

    Made a lot of progress, but feel like there's so much more to go...

    Yes, options is working out great. You always hear people saying most people lose money buying options. So far, my track record has been vastly positive with options according to Fundseeder trade analytics. This is changing my mind about what sorts of instruments I should be trading. I wasted a...
  10. T

    Made a lot of progress, but feel like there's so much more to go...

    I've been back to Corporate America as I've said earlier. Today I got my first paycheck. Ka-ching. Great work env. Good job. etc. Ironically because of my work schedule, it's forcing me to be a swing trader of sorts. I was scared at first but it's actually working out great. Especially with...
  11. T

    Did IB just screw me or was it the exchange?

    Just to be clear. I actually LIKE IB! It's a good platform for retail traders. Definitely has its issues. Over the years it has been fine. But every once in a while these quirks happen that frustrates and confuses me. For example, one time(during Brexit maybe?), i put a position overnight and...
  12. T

    Did IB just screw me or was it the exchange?

    Actually I stayed logged in too long. I waited for like 15-20mins. I should have logged out right way when it seems stuck. Then log back in then it would have updated it. Then I would have gotten out of the wrong long and got back in the original short and still ended up profitable like I...
  13. T

    Did IB just screw me or was it the exchange?

    Exactly! I entered multiple orders because I didn't see the status change. So IB actually filled my original order but didn't update the status. It still showed me SHORT when I was already filled. So I didn't know and enter another series of longs, which it subsequently got filled too. I had to...
  14. T

    Did IB just screw me or was it the exchange?

    So this morning I put in an order to short CL Nov'18. Got filled right away at 75.38 Then I put a order to cover the short at 75.31. Then when I saw prices were coming down fast I CANCELED my 75.31 order and placed order lower than that. Then it gave me a pink status color. WTF is that?! Then...
  15. T

    Made a lot of progress, but feel like there's so much more to go...

    Today is my first day of my new job. It went really well. I think it's very promising and I enjoyed it. I'm glad I'm going with Path 3! This morning I made a few stupid mistakes. I shorted when I shouldn't. Then I decided to reverse andwent long then it immediately went down. Then I reversed...
  16. T

    Spitznagel claims his options strategy beats the S&P500, thoughts?

    If you read the article carefully, then you'll see he's only invested 3.3% of total funds in Universa(the tail risk hedge). The rest in index fund. That's actually not a bad idea for institutional investors.
  17. T

    Made a lot of progress, but feel like there's so much more to go...

    I only traded the majors(BTC, ETH, LTC, etc.) . I have never traded the alt coins. Many alt coins have basically become worthless and no liquidity. Worse than penny stocks. The majors are quite liquid and easy to get in and out for the most part. There are certain times when liquidity is poor...
  18. T

    Made a lot of progress, but feel like there's so much more to go...

    Actually, my track record in crypto trading is far superior to my futures and equities record. It's because when I first started out trading it was in equities and futures. I made lots and lots of mistakes. So by the time I started trading cryptos in late 2017 to now, I have become a much...
  19. T

    Made a lot of progress, but feel like there's so much more to go...

    As I've said I don't hold cryptos. I just trade them in and out. In the rare event that does happen, I would get out immediately. If it does go to $0,then I would lose whatever is in my crypto account, while not a small dollar amount it's not a huge percentage of my total net worth.
  20. T

    Fewer than 5% of top-tier bank traders have Sharpe ratios > 3

    The two roles you listed above are more for "execution trader" and/or "sales trader." Prop trader requirements are significantly much higher. The bar is usually MS/PhD in a pretty quantitative discipline from a top 10 schools with strong programming, math, stats, etc. Those are the traders...
Back
Top