I agree. I tried the market making thing for a while, and I officially suck at it. (sorry Don. Thanks for the help). Back to momentum trading based on relative strength for me.
I think my favorite from Louis Rukeyser was after the 87 crash when he said, (totally paraphrasing) "Just look...
I think you just answered you own question. If you don't think it is valuable to your trading, then don't get it.
Some guys who trade with Don like to "play market maker". Listening to the pit, in addition to watching the futures and NYSE tick chart, seems to help those guys.
Traders will spend stupid amounts of money on worthless things to become better traders.
But I think Ben is worth it, depending on your style of trading.
I don't want to burst your bubble, but I can't tell you how many times I got excited over a strat over a weekend, only to have it blow up in my face over the next few trading days.
I hope it works for you, but keep your expectations low. I know it sounds contradictory, but allow it to happen...
Had some Ardmore Scotch with the brother last night. He said it was about 40 bucks. Neither of us really liked it much because of the deep deep smokey flavor. He tried to tell me it's a lowland thing where they smoke the barrels for a few months at a time. And then I noticed it said...
If it were easy to find a phone number, they would have to have about 100 intern phone bank operators to field calls from people telling them how badly they suck.
Check out the comments section at the bottom of this page.
http://www.whisky.com/brands/johnnie_walker_brand.html?comments_page=2
Sam
Posted 480 days ago
"I am sure that I saw a Bottle of Johnnie Walker Purple Label in Dubai Airport. I was priced at $1499. Puple Label is not advertised...
We use Green Mountain Analytics through echo. Our programmer won't support sterling anymore, and I can't blame him.
Edit: I'm doing a lot more manual trading lately, and the GMA platform definitely takes some getting used to, just so you know.
Is anyone here a scotch fan?
My brother and I were up until 4 in the morning a few weeks ago drinking Balvenie. He said it was about 80 bucks, so I am assuming it was the 17 year old.
My God it was smooth. It made Johnny Walker Green taste like gasoline. But I haven't been a fan of...
As L B Raschke has said, "you can't make money over the long run with a purely systematic approach".
It may work for a few years, but adaptability is key. Been there, done that.
Etf's get hammered also, but I think I know what you mean. I have thought about averaging in and out of XHB, IE "playing an inventory market maker", but it has been evident that there are much better things to do with my capital.
This is an interesting question. When my buddies and I drove into Canada for fishing trips, the spread was around 4 cents. When we drove back, it was around 8 or 10 to convert back to USD. I guess we were always too hungover to even notice.