Trading on chains - thoughts sought

J

JonLivingston

Hoping this is the most appropriate area, I ask to all the professionals here:

What are your thoughts on someone who is able to only trade UCITS ETFs, OEICs and spot currencies? Would you consider it a fruitless endeavour? Would you think/say that there's not much leeway for growth using these instruments?

I guess forex should be fine. So I'm interested in opinions about UCITS ETFs and the rest...

Why just these 3 instruments, you ask? Because of company policies: no single name securities whatsoever. Can't touch them at all. And everything else (i.e. derivatives based on whatever, or non-ucits ETFs), would have to go through compliance approval.

Think of the questions above in the context of automated trading. And no, the compliance software does not expose an API I could send a request to. It would have to be a manual process.

Also assume this is not something that falls in the HFT domain, nor day trading, I guess (I tend to hold positions for weeks, so far).

Thanks all in advance
 
you work in finance or law?




JonLivingston said:
Hoping this is the most appropriate area, I ask to all the professionals here:

What are your thoughts on someone who is able to only trade UCITS ETFs, OEICs and spot currencies? Would you consider it a fruitless endeavour? Would you think/say that there's not much leeway for growth using these instruments?

I guess forex should be fine. So I'm interested in opinions about UCITS ETFs and the rest...

Why just these 3 instruments, you ask? Because of company policies: no single name securities whatsoever. Can't touch them at all. And everything else (i.e. derivatives based on whatever, or non-ucits ETFs), would have to go through compliance approval.

Think of the questions above in the context of automated trading. And no, the compliance software does not expose an API I could send a request to. It would have to be a manual process.

Also assume this is not something that falls in the HFT domain, nor day trading, I guess (I tend to hold positions for weeks, so far).

Thanks all in advance
More...
 
JonLivingston said:
Because of company policies: no single name securities whatsoever.
More...
Change the company or delay trading until you can change it.

IMG_20230127_115428.jpg
 
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JonLivingston said:
Finance


Yeah. Currently implementing the latter, while I learn-and-absorb-all-the-things
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%%
ACTUALLY, ''no single name securities'' may be a blessing in disguise 97- 99% of the time.
EVEN more so= while learning to trade\invest/ those are much more of a roller coaster.
SO even in USa, most of the best + brightest cant even beat a good benchmark like SPY; + those do /seldom do it for 10years.
A roller caster isn't an exact comparison\ so many single stocks went to zero\nothing:caution::caution:
 
murray t turtle said:
%%
ACTUALLY, ''no single name securities'' may be a blessing in disguise 97- 99% of the time.
EVEN more so= while learning to trade\invest/ those are much more of a roller coaster.
SO even in USa, most of the best + brightest cant even beat a good benchmark like SPY; + those do /seldom do it for 10years.
A roller caster isn't an exact comparison\ so many single stocks went to zero\nothing:caution::caution:
More...

I like to think I'm currently riding a bicycle with training wheels on.
 
JonLivingston said:
Hoping this is the most appropriate area, I ask to all the professionals here:

What are your thoughts on someone who is able to only trade UCITS ETFs, OEICs and spot currencies? Would you consider it a fruitless endeavour? Would you think/say that there's not much leeway for growth using these instruments?

I guess forex should be fine. So I'm interested in opinions about UCITS ETFs and the rest...

Why just these 3 instruments, you ask? Because of company policies: no single name securities whatsoever. Can't touch them at all. And everything else (i.e. derivatives based on whatever, or non-ucits ETFs), would have to go through compliance approval.

Think of the questions above in the context of automated trading. And no, the compliance software does not expose an API I could send a request to. It would have to be a manual process.

Also assume this is not something that falls in the HFT domain, nor day trading, I guess (I tend to hold positions for weeks, so far).

Thanks all in advance
More...

I assume you are asking from a viewpoint of an investor? I would only be interested in track record. If you offer a different product as other market participants, it is only a plus point, as you can claim diversification benefits...

If I misunderstood the question, I apologize :)
 
JonLivingston said:
I like to think I'm currently riding a bicycle with training wheels on.
More...
%%
LOL+i'm making sure to do plenty of walking;
sometimes like elephant steps . And sometimes baby steps.
Like the guy that wrote Baby Steps Millionaires ; i thought he was against single stocks.
He always did say sell them anytime some asked him or even mentioned single stocks/LOL.
In early 2023 he did disclose he was not really against them , just limit them to 10%\ since average trader\ investor averages 7.5%, single stocks. SPY [S+P 500 benchmark] averages 12%.
STRANGELY early2023 maybe exceptional for some stocks\
but FEB tends to do no so well\US stock market. Did ok with Barclays Bank ADR; just could have easily lost money in Barings BankLOL:D:D.
Compliance DEPT maybe helpful..............................
 
Tradess0610 said:
I assume you are asking from a viewpoint of an investor?
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I'm not sure whether a difference between trading and investing is being made here. Probably yes.

I'm asking from the point of view of someone who would go long/short an ETF of the UCITS kind because of the restrictions currently imposed on me by company policy.
 
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