Cash & Carry
- Thread starter ElectricSavant
- Start date
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and don't put this lamp, it's killing me lol.
Electric i don't wanna sound rude. but what i would like to say. it's this. You been trading couple of years atleast i guess. and as far as i can see you use only this one carry trade strategy. Do you have other non carry strategies.will you be able to make money lets say with other broker in the same way? its just friendly question, cos everyone newbie can come up with such "system" and start trading. peace
Electric i don't wanna sound rude. but what i would like to say. it's this. You been trading couple of years atleast i guess. and as far as i can see you use only this one carry trade strategy. Do you have other non carry strategies.will you be able to make money lets say with other broker in the same way? its just friendly question, cos everyone newbie can come up with such "system" and start trading. peace
Killmelater,
I trade other instruments but I do not share them here. I have been trading for 28 years. But I used the telephone and had to have my parents cosign. I am 46 years old.
I know how to scalp, intraday trade, swing trade and carry trade in Forex, Futures, Equities and Options.
I am building my portfolio to expand into commodities for diversification, and some of my accounts Wifey has in her name.
If you have enough capital you can trade a mini account or one of those new base 10 accounts.
Just another newbies opinion
Michael B.
I trade other instruments but I do not share them here. I have been trading for 28 years. But I used the telephone and had to have my parents cosign. I am 46 years old.
I know how to scalp, intraday trade, swing trade and carry trade in Forex, Futures, Equities and Options.
I am building my portfolio to expand into commodities for diversification, and some of my accounts Wifey has in her name.
If you have enough capital you can trade a mini account or one of those new base 10 accounts.
Just another newbies opinion
Michael B.
I am pleased to hear that there is at least one trader that thinks that Cash & Carry is so simplistic that any newbie could devise it and trade it.
That is what a system should be. Keep it Simple.
Hey, I know of a guy that trades MA's that is successful....I tried to complicate it for him and he threw me out....
As traders we must learn to laugh at ourselves...
Michael B.
That is what a system should be. Keep it Simple.
Hey, I know of a guy that trades MA's that is successful....I tried to complicate it for him and he threw me out....
As traders we must learn to laugh at ourselves...
Michael B.
The daily 'profits' are not actual profits but closed trades that took profit. But his spreadsheet shows the raw gains in the daily column but does not account for the drawdown.Quote from winter:
Maybe I am misunderstanding your post but just to be clear, I am in no way doubting your results or the veracity of what you are posting. I don't care what format the data is in, e.g. screenshots versus a text file - I'm not trying to verify what you are saying, I'm trying to grasp it. The spreadsheet you post is very detailed but to be honest I can't understand where the daily profits are coming from, I believe they are real but that still doesn't help me understand their origins. It would seem to me that you would have days with losses when your positions move against you but that does not seem to be the case.
Basically I'm trying to understand if this system inherently has an edge or if it is your trading skills that are leading to the results you have achieved. I've never traded Forex so perhaps that is my problem however I don't understand how a system based on the idea of scaling in and attempting to keep the average position price near the current price has a positive expectation. It is not intuitive to me but perhaps that is my problem.
Plooky,
You can talk to me directly or you can talk to the room if you wish, but I am here. We are all friends I hope. I have posted my picture and my personal information for all to see, so I hope I can be real for you. By the way welcome to ET.
The unrealized DD is accounted for...and it is just that... unrealized. See Column B & column AT. You can view the NAV graph for a visual.
If I take losing trades off the books with winning trades in a 24 hour period and report it as such where is the problem? The unrealized is always there and being reported...?
If I split it up trade by trade what would be the difference? The portfolio DD and the NAV would reflect the same, because the columns calculate that, even intraday. The gap between trades is 5 seconds usually and they are executed within one minute (see snapshot of activity tab today). The last set of trades illustrated here, had $2.00 of straggling profits, which I completed this AM, which is rare but can happen when I anticipate too much. This is a novice mistake and not common for me to anticipate like that, but sometimes I just know what is going to happen. (see tab today in today's screenshot). You can view the blog where I try to help other readers with more of what to anticipate throughout the week. That is a blog of my personal thoughts and not necessarily Cash & Carry related.
There is never a single losing trade taken without its corresponding multiple winning trades that nets a positive (I can see that in the trades tab before the set of trades is taken, if I do not see it then I do not trade and refer to the unrealized then). So if no trading then higher unrealized just simply climbs.
There has never been a losing day and the system trades on and on...(minus $266.74 in unrealized just now)
Please explain...I also would like to ask you does the unrealized progressively grow from inception? This way I know you are viewing the spreadsheet. Thank you for reading and I await your response.
Michael B.
Unrealized is "not realized" ever in this system! but you can see the unrealized reflected in the NAV and in the DD columns of the spreadsheet
You can talk to me directly or you can talk to the room if you wish, but I am here. We are all friends I hope. I have posted my picture and my personal information for all to see, so I hope I can be real for you. By the way welcome to ET.
The unrealized DD is accounted for...and it is just that... unrealized. See Column B & column AT. You can view the NAV graph for a visual.
If I take losing trades off the books with winning trades in a 24 hour period and report it as such where is the problem? The unrealized is always there and being reported...?
If I split it up trade by trade what would be the difference? The portfolio DD and the NAV would reflect the same, because the columns calculate that, even intraday. The gap between trades is 5 seconds usually and they are executed within one minute (see snapshot of activity tab today). The last set of trades illustrated here, had $2.00 of straggling profits, which I completed this AM, which is rare but can happen when I anticipate too much. This is a novice mistake and not common for me to anticipate like that, but sometimes I just know what is going to happen. (see tab today in today's screenshot). You can view the blog where I try to help other readers with more of what to anticipate throughout the week. That is a blog of my personal thoughts and not necessarily Cash & Carry related.
There is never a single losing trade taken without its corresponding multiple winning trades that nets a positive (I can see that in the trades tab before the set of trades is taken, if I do not see it then I do not trade and refer to the unrealized then). So if no trading then higher unrealized just simply climbs.
There has never been a losing day and the system trades on and on...(minus $266.74 in unrealized just now)
Please explain...I also would like to ask you does the unrealized progressively grow from inception? This way I know you are viewing the spreadsheet. Thank you for reading and I await your response.
Michael B.
Unrealized is "not realized" ever in this system! but you can see the unrealized reflected in the NAV and in the DD columns of the spreadsheet
Plook,
I will answer your question, but I await your conclusions. Please be candid, as I am not seeking approvel.
The adjustment column is to allow enough reserve in the trading account to avoid a missed limit order because a lack of funds. I attempt to balance it with the base proportion of exposure. As you know the more units carried the wilder the movement in the value of unrealized, which is responsible for buying power. View it as a toggling of money between cash and trading accounts. Its a technique I use to adjust leverage in both directions. As you know leverage can not be increased on the fly, unless you have the funds in the account. It is a way for me to guage things. Perhaps 10:1 could be used and just have one account....But I like 50:1 in the trading account as it is easier to calculate values in my head
I will answer your question, but I await your conclusions. Please be candid, as I am not seeking approvel.
The adjustment column is to allow enough reserve in the trading account to avoid a missed limit order because a lack of funds. I attempt to balance it with the base proportion of exposure. As you know the more units carried the wilder the movement in the value of unrealized, which is responsible for buying power. View it as a toggling of money between cash and trading accounts. Its a technique I use to adjust leverage in both directions. As you know leverage can not be increased on the fly, unless you have the funds in the account. It is a way for me to guage things. Perhaps 10:1 could be used and just have one account....But I like 50:1 in the trading account as it is easier to calculate values in my head
Just so I'm clear, are you saying it will never be realized or that so far it never has been? What if you experience a major drawdown, how can you be sure that you won't be forced to realize it (unless you keep throwing money at it)? You have said that these 3 pairs you have choosen are uncorrelated, doesn't that mean there is a chance that they all move against you at the same time?
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