That was before HFT took over. Profits are down drastically over the last few years. More than half the guys in my old office are no longer trading and the rest are making a pittance compared to the 90's and 00's.
Trader P/L 2014
- Thread starter sellindexvol66
- Start date
That was before HFT took over. Profits are down drastically over the last few years. More than half the guys in my old office are no longer trading and the rest are making a pittance compared to the 90's and 00's.
Almost didn't on the off chance it might cause some poor ETer to defenestrate, but then figured, nah, they can take it.
Another day, another 1k down. Sweat it not, it's not nearly as awful as it looks. XIV and ZIV, the two ETFs that approximate what I do, are down much much more percent wise than I am. I can't prove that, but it is true. I keep running across stats that say the VIX is up more in Jan than it has been since the Garden of Eden or something, so you know, it's all relative.
Another day, another 1k down. Sweat it not, it's not nearly as awful as it looks. XIV and ZIV, the two ETFs that approximate what I do, are down much much more percent wise than I am. I can't prove that, but it is true. I keep running across stats that say the VIX is up more in Jan than it has been since the Garden of Eden or something, so you know, it's all relative.
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+$660.01
Traded 6B, ES.
Under-leveraged GBP trade and then entered initial ES trade too early post Jobs Data and stopped out badly, but it turned out OK on re-entry.
+$3.3k for the week represents the best ever opening week of a month for me.
I'm done, have a good weekend all.
Traded 6B, ES.
Under-leveraged GBP trade and then entered initial ES trade too early post Jobs Data and stopped out badly, but it turned out OK on re-entry.
+$3.3k for the week represents the best ever opening week of a month for me.
I'm done, have a good weekend all.
Attachments
Just watched mostly. Initiated a small position in GDX because I'm becoming more convinced with each passing day that commodities are going to go BOOM this year. Have others in this area as well.
Results today were again dented by the front of the curve collapsing as much as it did. Interesting tidbit I saw on Twitter: XIV now has a bigger market cap than VXX. If this continues, the curve should tend towards being flatter most of the time. That would hurt the performance of XIV as it would kill the roll profit it makes, but would help my performance, as if the curve is flat going into a market correction and then becomes inverted, that's what I'm looking for.
Shorter term, it goes with these little factoids: both 10 and 21 day realized volatility is now higher than the VIX. This is not normal. Sticking with SDS as a hedge as a result, even though having that did hurt today.
The selling of VIX is getting a bit too popular for my comfort. Looks like it might be complacency: two big rally days and everyone may be assuming all is well. The Argentine peso did drop to 12.13 to the dollar today, having peaked earlier with a 13 handle back when the EMs were in panic mode, so it's at least true that the proximate cause of the correction seems to be receding. But it only hurts a little to be safer; it's not like Putin, Fernandez, or Erdogan were attacked by a sudden fit of competency, after all. They're all still inept egotists.
Results today were again dented by the front of the curve collapsing as much as it did. Interesting tidbit I saw on Twitter: XIV now has a bigger market cap than VXX. If this continues, the curve should tend towards being flatter most of the time. That would hurt the performance of XIV as it would kill the roll profit it makes, but would help my performance, as if the curve is flat going into a market correction and then becomes inverted, that's what I'm looking for.
Shorter term, it goes with these little factoids: both 10 and 21 day realized volatility is now higher than the VIX. This is not normal. Sticking with SDS as a hedge as a result, even though having that did hurt today.
The selling of VIX is getting a bit too popular for my comfort. Looks like it might be complacency: two big rally days and everyone may be assuming all is well. The Argentine peso did drop to 12.13 to the dollar today, having peaked earlier with a 13 handle back when the EMs were in panic mode, so it's at least true that the proximate cause of the correction seems to be receding. But it only hurts a little to be safer; it's not like Putin, Fernandez, or Erdogan were attacked by a sudden fit of competency, after all. They're all still inept egotists.
