ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
the MM's or market makers/investment banks goals are to perpetuate a racket in the financial markets.
the investment banks act as specialists and have a pseudo mandated role of preserving order in the financial markets, in return certain banks on the street get privy to decisions before the general public.
though insider trading rules were created to preserve the sanctity of financial markets, they are only taken into effect on inconsequential relatively small investors, to perpetuate a illusion.
the racket is basically to increase the number of decision making points in time with the backdrop of volatility. The gradation of investors/speculators bring to bare their own risk tolerances such as stops and leverage.
As the MM's create the volatility waves if the waves are large enough most everyones stops eventually get hit. If you can hit someones stop your basically pocketing their money.
How can retail investor protect himself/herself?... decrease position size, and use large stops. It takes too much financial energy to create daily large price swings. These large price swings are timed with market events.
If you realize what the goals of MM's are, then basically you can place dispersion trades throughout their volatility waves.
the investment banks act as specialists and have a pseudo mandated role of preserving order in the financial markets, in return certain banks on the street get privy to decisions before the general public.
though insider trading rules were created to preserve the sanctity of financial markets, they are only taken into effect on inconsequential relatively small investors, to perpetuate a illusion.
the racket is basically to increase the number of decision making points in time with the backdrop of volatility. The gradation of investors/speculators bring to bare their own risk tolerances such as stops and leverage.
As the MM's create the volatility waves if the waves are large enough most everyones stops eventually get hit. If you can hit someones stop your basically pocketing their money.
How can retail investor protect himself/herself?... decrease position size, and use large stops. It takes too much financial energy to create daily large price swings. These large price swings are timed with market events.
If you realize what the goals of MM's are, then basically you can place dispersion trades throughout their volatility waves.
Hey guys... i follow this thread pretty routinely since I was recommended by Jimmy, but I still am a little out of the loop on how some of the strategies here were developed.
I was talking to Apex about this today and he seems to think it's very useful, but I was wondering in general what some of your opinions are on backtesting and for whom is it useful for and for whom is it not.
So what is it for you, screen time, stats, or a little of each and why?
Thanks guys. GW today...
I was talking to Apex about this today and he seems to think it's very useful, but I was wondering in general what some of your opinions are on backtesting and for whom is it useful for and for whom is it not.
So what is it for you, screen time, stats, or a little of each and why?
Thanks guys. GW today...
1) Tons of screen time.
2) Lots of notes.
3) Meditation to process information.
I am very serious about everything I just wrote, especially number 3.
Good trading,
Jimmy Jam
P.S. It also helps to be very selfish with your time, but if you have any type of commited relationship, you're going to have to give-and-take and strike a balance with that one.
Stoped out while I was asleep. (I assume the same happened to Apex, as I believe his stop was in the 91-92 range.)
EDIT: Now short from 1491.50. (Tried to get short higher but my limit order didn't fill. This entry was via my backup stop order.) Need to break below 1488 for this to have a chance of working.
I never need over a 2 point stop for nq.......it is a default # for me........and it is not hit except rarely.......took a little time for that...intraday only
bounce to ~93 for right shoulder ?
- Status