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  1. bone

    Engineer looking to make a career change into trading (PART II)

    1. If you are a market maker, you are not smiling these days. 2. I am a Nuclear Engineer with a creative streak and several international patents to my name, so I would agree that I am 'a bit off the beaten path' as it were. 3. I could personally care less who takes the other side of...
  2. bone

    Engineer looking to make a career change into trading (PART II)

    Most everybody I have ever met tries to make trading harder than it needs to be. I don't think that engineers have a corner on that market action.
  3. bone

    Is it getting harder?

    Plenty of hedge funds go bust every year. Look at the hedgeco and the Institutional Investor statistics. Last time I checked, I didn't get to choose my counterparty.
  4. bone

    One third of last year’s law school grads aren’t practicing law

    Well, it's like an MBA - better go to a 'top ten' school or just suffer with it like the rest of the masses.
  5. bone

    Is it getting harder?

    Exceptionally well stated. Kudos.
  6. bone

    It seems all the pros use Price Analysis and Noobies use Technical Indicators

    That's what scanners are used for. Program your trading rules or technical studies into a macro. Audio and visual alerts, including red or green traffic light GUIs. I personally use a product called ScanExpert.
  7. bone

    Engineer looking to make a career change into trading (PART II)

    What a petty, generalized value statement. Quite the opposite of my real-world experience as a trader in terms of engineers whom I personally know who are traders. Including myself.
  8. bone

    Dow Top Call - 11yr formation - part 3 (COSTCO)

    Maybe better as a journal, since this is an ongoing exercise ? Just a suggestion.
  9. bone

    Inspiring video for traders!

    And my point is to look at the TT X-Study video for the vertical volume at price tic histogram. Try to understand what is making the bright flashy lights so pretty. That is the 'viral revolution' in trading video that is being promoted. If you are mesmerized by the wild market ladders, load...
  10. bone

    Inspiring video for traders!

    Slick viral video, purposely devoid of content, but the dude from Dubai is scalping off a common TT X-Trader X-Study charting package. In other words, TT's version of 'Market Profile' aka vertical volume at price histogram, with a sprinkle of Market Delta footprint thrown in for good measure...
  11. bone

    Inspiring video for traders!

    Guys, I just looked at his e-mini blog, all he's doing is scalping a one-minute Market Profile study. Forget the silly viral video nonsense, just add the Market Profile study package to your charting platform. Read up on MP Value Areas. Download all the old Market Profile Seminars off the...
  12. bone

    Inspiring video for traders!

    At pikers getting enthralled over thirteen-year old technology they've never seen before? That's how long TT X-Trader has been around. CQG charts and X-Trader DOM's showing Globex currency futures market ladders is nothing new, nor are chicks and guys with trading books. Want new, without...
  13. bone

    Stop Loss Order

    A 'stop loss' order is, electronically, a de facto stop-limit order. You are specifying an action to take (buy or sell), the triggering price, the quantity, and a variable range which you can (and indeed should) specify for which the order is to be filled. So, if I'm long 1 futures contract...
  14. bone

    Inspiring video for traders!

    I think that the main truth in this video is that alot of ET members have not seen a Trading Technologies X-Trader screen with four CME Globex Forex market order ticket ladders side-by-side. And some pretty CQG charts. Very common sight here in the Chicago prop universe.
  15. bone

    Futures Trading and Initial Capital

    I've had several clients start out with $25K in a futures account - I typically have them stay in the very low vol spreads when they first start out in the live markets. By that point in time, they have already been paper or SIM trading the system for a few to several months while tracking the...
  16. bone

    Where are the TRUE Prop Trading firms?

    Well, then you wander into the realm of Peak6, DRW, Ronin Capital etc. where in fact they are set up like a hedge fund and if you are 'successful' they will throw a couple hundred mill your way in terms of daily capitalization buying power. I was at Ronin for a couple years myself with an OTC...
  17. bone

    Futures Trading and Initial Capital

    I spread trade interest rates all the time. Love 'em.
  18. bone

    It seems all the pros use Price Analysis and Noobies use Technical Indicators

    Nobody mentions strategy. Most "Pro" traders do not trade flat price directional outright strategies. Ask a Bloomberg pro terminal sales rep in Manhattan or Chicago how most of his clients trade.
  19. bone

    Futures Trading and Initial Capital

    Most correctly hedged futures spreads with exchange SPAN intra and intercommodity performance bond margin credits offer the lowest vol and least capitalization cost of any futures trading strategy. In fact, I could point to about 100 futures spreads combinations that have less risk than many...
  20. bone

    Philosophy behind trading Commodity Futures

    The pursuit of monetary enumeration is like water... it finds a level place to dwell.
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