Global Macro Trading Journal

Daal said:
Short small ZQ april 2015
http://seekingalpha.com/news/1577981-hilsenrath-rate-hikes-again-enter-fomc-discussion?source=feed_f

just betting this meme will run a bit. if it does, front end should tank 10-15 bps, if not I'm out with a 1-2 bps loss
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To be fair, I don't think that we should overestimate this hawkishness, as these are the sentiments of a particular group. Moreover, we did know well in advance that the Yellen FOMC was going to be more hawkish in terms of its composition. As such I don't think these minutes are that meaningful. However, it's a reasonably interesting shift of emphasis and there's a lot of interesting complexities that are starting to emerge now for a few CBs (e.g. the Fed and the BoE).
 
I covered my ZQ short. for a loss of 1bps. I suspect the flight to safety might continue for a while and the hawkish FOMC minutes didn't had much of a follow through
 
I have been absent of this journal for a while because I have been transitioning from global macro to day trading and swing trading. When I started I wanted to learn from other traders to make sure I knew the fundamentals down so I wouldn't struggle but very short-term trading (which I had attempted in the past unsuccessfully).

I decided in 2012 that I wanted to write a book about traders where I would interview a bunch of successful guys and learn as much as I could from them, market wizards style

After a ridiculous amount of working Sundays I finally put it out and it is now listed on Amazon
paperback
http://www.amazon.com/gp/product/8591671309
kindle
http://www.amazon.com/dp/B00IWDXNFQ

I can say that after day trading for almost 2 years now (full-time), it helps one trading style tremendously. First because you have to be way more disciplined. In global macro you can frequently get away with lack of discipline because you only make a few decisions a year, if your style will blow up one day you might only find out in 5 years. In day trading if your style is headed towards a blow up it shouldn't take that long for you to turn your account red.

It also teaches to respect the price action more. Michael Markus says the best trades are a combination of fundmentals, technicals and market tone. With my previous style I was too focus on fundamentals, that can work too but its just superior to have a combination of them all because you dramatically can lower your risk/vol.

Day trading is like going to the gym hard while longer-term stuff is more like jogging, You can improve faster and reach new levels of skill. You can also blow up faster, that's why I wanted the right information from other traders on how to do it and wrote the book.

Anyways, just wanted to let you guys know
 
Daal said:
."................................clip

I decided in 2012 that I wanted to write a book about traders where I would interview a bunch of successful guys and learn as much as I could from them, market wizards style

After a ridiculous amount of working Sundays I finally put it out and it is now listed on Amazon
paperback
http://www.amazon.com/gp/product/8591671309
kindle
http://www.amazon.com/dp/B00IWDXNFQ

.........................clip
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Amazon have now got the Look Inside feature, and I see you interviewed atticus. Well done, I'm sure that makes it more interesting to many on ET.
 
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