Cash & Carry (Standard)
- Thread starter ElectricSavant
- Start date
ES:
A small token of appreciation from an ET reader who finds your various carry trade journals very informative and educational.
Given the changes in the currency landscape in the last few months, would you care to update the performance reports of your carry baskets when you've a spare moment?
Thanks!
A small token of appreciation from an ET reader who finds your various carry trade journals very informative and educational.
Given the changes in the currency landscape in the last few months, would you care to update the performance reports of your carry baskets when you've a spare moment?
Thanks!
Hello wwx..
Thank you for the most warm greeting.
I have stumbled across a scalping/arbing strategy that makes about 10% per month, so I switched to it for at least.... this year.
As you know the "carry trade" landscape is a rough one and the baskets had to all be exited at their uncle points.
Fortunatley I escaped with minimal losses, but wasted much time. I will return to the carry when the climate improves. I have a private carry strategy that did survive this storm however, so do not give up hope in the PICS methodology.
The scalping strategy is not public and only traded through managed accounts. You can PM me privatley about this if you wish.
I had to decide if I were to remain in the "carry" and ride out the storm or take on this new scalping strategy, which is very labor intensive. I choose to scalp and have devised 4 hour shifts Sunday evening through Thursday with occasional Friday's, to trade between Wifey and I, as I do not want to share the strategy outside. She actually bagged a 1% scalp two weeks ago and has picked up the strategy nicely. She is an experienced trader with many years experience too.
Below is our spreadsheet for April in which she traded only half of the month. In the beginning it was only me, but I started hallucinating from sleep deprivation.
Michael B.
Thank you for the most warm greeting.
I have stumbled across a scalping/arbing strategy that makes about 10% per month, so I switched to it for at least.... this year.
As you know the "carry trade" landscape is a rough one and the baskets had to all be exited at their uncle points.
Fortunatley I escaped with minimal losses, but wasted much time. I will return to the carry when the climate improves. I have a private carry strategy that did survive this storm however, so do not give up hope in the PICS methodology.
The scalping strategy is not public and only traded through managed accounts. You can PM me privatley about this if you wish.
I had to decide if I were to remain in the "carry" and ride out the storm or take on this new scalping strategy, which is very labor intensive. I choose to scalp and have devised 4 hour shifts Sunday evening through Thursday with occasional Friday's, to trade between Wifey and I, as I do not want to share the strategy outside. She actually bagged a 1% scalp two weeks ago and has picked up the strategy nicely. She is an experienced trader with many years experience too.
Below is our spreadsheet for April in which she traded only half of the month. In the beginning it was only me, but I started hallucinating from sleep deprivation.
Michael B.
The NZD
When the NZD became nasty I bailed...
I am now trading entirely different. But I am using some things that I learned from Cash & Carry (Standard) such as correlation studies. I am still fixated on bridling drawdown and then ramping up yield...but drawdown always comes first. My current trading is not published other than the results.
I am trading my own money and expect to make 3-7% per month.
I post frequenty in "the Perfect Edge" thread and "This sucks" threads. There are 20,000 views in one of those threads.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=64289
http://www.elitetrader.com/vb/showthread.php?s=&threadid=68318
I have blog too:
www.ElectricSavant.com/WordPress
Michael B.
P.S. My decision to go flat in Cash & Carry (Standard) does not mean that it is invalid. I believe there are a few traders that weathered the storm and "carried-on".
I am now trading entirely different. But I am using some things that I learned from Cash & Carry (Standard) such as correlation studies. I am still fixated on bridling drawdown and then ramping up yield...but drawdown always comes first. My current trading is not published other than the results.
I am trading my own money and expect to make 3-7% per month.
I post frequenty in "the Perfect Edge" thread and "This sucks" threads. There are 20,000 views in one of those threads.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=64289
http://www.elitetrader.com/vb/showthread.php?s=&threadid=68318
I have blog too:
www.ElectricSavant.com/WordPress
Michael B.
P.S. My decision to go flat in Cash & Carry (Standard) does not mean that it is invalid. I believe there are a few traders that weathered the storm and "carried-on".
Hi Michael,
Long time read you on elitetrader, your PM is off.
I still beleive Cash & Carry (Standard) is a good thing, may be with less currencies pairs and with weekly or even daily adjustment of pairs weight to maintain the portfolio neutral in $. This way it should bring steady interest at very low risk, unfortunately I am still unable to built a systematic approach and to back test it.
Good continuation with your new trading
Denis
Long time read you on elitetrader, your PM is off.
I still beleive Cash & Carry (Standard) is a good thing, may be with less currencies pairs and with weekly or even daily adjustment of pairs weight to maintain the portfolio neutral in $. This way it should bring steady interest at very low risk, unfortunately I am still unable to built a systematic approach and to back test it.
Good continuation with your new trading
Denis