Las Vegas Pair Trading Weekend Workshop

You have some good points. Everyone has their own style. I was wrong in attacking something I do not know very well.

Quote from djclif:

A good nights sleep, some profits off the open and ready for another day of limited action in the market... summer is close :(

Ozzy... I can't understand how people trade momentum. Everytime you enter the position you have to pay up and give the bid ask spread away. If they are wrong, they just purchased the worst possible price, plus they have no defined risk to reward levels (how profitable will the trades be?). This trading method just doesn't work for me and my personality. That being said, I am sure there are some traders who still do very well trading this strategy. Part of trading is approaching markets in a way that works for each individual trader. Something may not work for you, but may work for others.

reg... One of the skills that we teach in capital management. The golden rule of trading is 'always be able to trade again tomorrow'. Yes traders got hurt trading the GMDCX, but most managed their capital to still be trading today. Every strategy has bad trades, learning how to manage them is one of the topics of our seminar and a key to long term success.

Our seminar will start from beginning pair trading strategies and work our way to advanced techniques. The idea behind all education is to find things that work for each individual trader. I will be trading in the Las Vegas Bright office until Wednesday of the following week. I open it up that anyone can come and watch me trade if they take the seminar.

Cheers,

Darren
More...
 
Quote from NYSEscalpa:

Exactly, pair trading is the most over-saturated strategy in the market, hundreds of hedge funds employ equity market neutral strategies- their models are much better, they hire Ivy MBA quants, have the best programmers and have much deeper pockets- it is very tough for an individual daytrader to compete against the big funds, IMO. Not to mention that the days of nice trading, range bound pairs are over. You must have deep pockets and be able to sustain considerable drawdowns to make pair trading a viable strategy. What if unexpected news comes out on a stock you own? You are screwed!!!
More...

I somewhat disagree. I mean...i disagree with your conclusion, because you may expect somebody to teach you a winning system involvine pairs.

I agree that pair trading, as people generally think about it (stat arb..etc) is too well known and the obvious relationships no longer really make money, perhaps.

The idea of these guys charging this amount of money to introduce such, and I do agree, oversaturated topics is ridiculous to me, having been a risk arb and pairs trader for 80% of my trading career. But to the absolute newbie, perhaps it makes sense.

So don't knock this completely. Depending on who you are this could be useful, but remember anyone can hang a sign on his door and charge money for either education or to sell you a dream.

If you look at all trading as pairing (for example, when you buy a stock you are long the stock and now short the cash) then this goes a long way to de-mystifiy the whole thing.

If you learn to look at every instrument as a differential between something you are long and something you are short (you need to open your mind to stretch this one) then you are better off than 90% of the guys who trade say they are "pairs traders."

If you want any more info, PM me. I am happy to elaborate up to the point where I keep what is unique to my system to myself.
 
I hope this isn't construed by the management as solicitation, as my other offers of help were by the mediators of this board. If you want to discuss the topic, I am open to it. Last time I offered something like this I was shut down hard by the mediators of the board, I think they got scared that I was recruiting without paying them a fee. THIS IS NOT THE CASE.

Thanks, mediators, in advance for continuing to keep this board educational, informative, and helpful.
 
You must log in or register to reply here.
Back
Top