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I actually made some today. Not a lot. In the past, I would lose a lot due to the volatility. Strangely enough, today it felt slower than past Fed announcements. Perhaps my discipline of executing only at the right spots carried helped me out during this typically volatile announcement event...

Lately I've been executing according to my process. It feels so good to go long exactly as I should and short where I should. I know this might sound too exacting but I like to be within ticks of my setup patterns. When I do get it just right, it feels great. But I'm OK if I don't hit exactly as...

I agreed. I have about 4 different futures instrument up. When my favorite YM/NQ is too choppy I get on a futures contract that's more trending. There's always a good move somewhere. I find it's hard to scalp micro-move in a trendless market unless you are hyperfocused and go balls deep as...

I used to think the same. $500-$1000 margins for eminis is very imprudent from a money management point of view. Unless you have a super high win rate with very small losses, that is too risky. Doing some simple math and looking at price movements, one can see that using $500 margins on a small...

I think your reverse to long position from short is good. So, what's your complain? However, I think your initial short position is not optimal. At least I would have not shorted it there...

Both of these are great resources. But making money in the market isn't as easy as feeding data into machine learning algorithms and alpha comes out of it. There's still a long hard road ahead...

True. A college classmate of mine went to LTCM. He was there for like 5 months then the thing imploded. haha. LTCM was run by economists. That's where the problem was. Economists create models then try to fit reality into it. That's not how markets work. People like to use LTCM as an example...

Interesting story. I'm not sure if it's the same analogy. I did fine at my top tier undergrad and graduate school. Careerwise there has been some ups and downs just like any professional who have been in Corporate America long enough. Trading, on the other hand, was where all these emotional...

Agreed. Consistency is the keystone to success in trading and in life. Identifying the edge in real-time and executing it each and every time with proper entry and exit and risk management. I've been restructuring my entire life/lifestyle to be more disciplined. I get up pretty early now. I...

Agreed. I think I will max out at 5. Given my current edge and if all holds, 5 lot will generate plenty of profits. I want a nice cushion before going to 10 on a retail account. Because we all know market prices do not follow normal distribution. Fat tails exist! So even for a good setup and...

Totally agreed. How about this plan and progression. If I trade 1 lot consistently profitable and following trading rules for 1 month, then increase to 2 lots the next month. So it will take me 10 months to get to 10 lots. Or is that too slow?

Hey guys, I feel like ET is my community so I feel compelled to give an update. I took a break from markets to focus on my analytics & data science consulting biz. I also went back my old trades and did analyses to see the errors of my ways. Long story short, I think I'm finally decent at...

The fund is CLOSED to investors. It's now run privately just for the employees of Rentech! Mind you, these performances are AFTER super high fees of 5/40. Yep, you read that correctly. 5% on AUM and 40% of upside. The gross returns are really high! In some cases triple digits.

I know one of the PM who worked at Hutchin Hill Capital. He went to my high school, but he was a few years ahead of me. He went to Brown University. Then got his PhD in pure math at Harvard. He did a year at Cambridge University in between Brown and Harvard. So, basically, he's the best of the...

It's all about exits. If you looked at the chart of Verisign in the article when he bought in Sept 1999 then add some more in Feb 2000. NASDAQ peaked in March 2000. He could have exited everything for a huge profit. It was a huge run-up. Hopefully, he didn't hold until 2002 when it went down...

I was just going to post that article. You beat me to the punch! Apparently, even great investors/traders mistime the market in a big way! It looks so obvious in hindsight with TA... Also, I think it was people like him who shorted too early and bought late because of FOMO that caused the...

Have you considered exploring the use of deep learning models especially RNN, LSTM GRU to model prices and predictions?

Have you tried hyperparameter tuning via gridsearch? ML(machine learning) is one of the areas that I work in professionally. Not saying that it will necessarily work in trading. But you should try it out.

When I said a 100 lots I meant FUTURES lots! Which is a lot of $$. I know some people treat sim as fake. So they say buy 100 lots which has notional values in the millions. For equities, a 100 shares is the minimum..

This is odd. Do you trade in real account like you trade in demo? Some people think it's just a demo account and trade wrecklessly. Buying a 100 lots or averaging down until it goes back up. Things they will never do in real life because their accounts aren't that big or it would be...