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Posted by HATEtheRisk on 01-26-12 04:08 AM:

What products do you trade ?

A thread about ETs and the products they trade.

Startin with the most traded to the less and rare traded.

All asset classes.

Thank you !!!

-----------------------------------

I will begin.

Mostly traded:

Gold/USD, EURUSD, GPBUSD, USDCHF, AUDUSD, USDCAD, EURGBP, EURJPY, GBPJPY, Brent Crude Oil, GPBAUD,

Less traded:

NZDUSD, EURCAD, EURAUD, USDZAR, USDDKK, USDSEK, USDJPY, CADCHF, CADJPY, AUDNZD, AUDCAD, S+P 500, CHFJPY, GBPCAD,

rare traded:
US Bonds, Wheat, Corn, White Sugar, Sugar, Coffe C, Coffee Robusta, USDMXN, AUDJPY, SGDJPY, USDILS, USDCZK, EURHUF,
Silver, Palladium, Platinum

Posted by hkrahra on 01-26-12 04:14 AM:

Aaaahahah

You've missed space shuttles!

Posted by HATEtheRisk on 01-26-12 04:21 AM:

Quote from hkrahra:

Aaaahahah

You've missed space shuttles!

If you would have analysed space shuttles, you would know that there is rarely any volume, nobody who wants to make money, trades space shuttles.
You should also know, that only the NASA can trade them, they control this OTC market - everybody know this, why not you ?

Please die.

Thank you.

Posted by hkrahra on 01-26-12 04:36 AM:

I'd recommend you to trade Vaselinum only.

Posted by cornix on 01-26-12 05:13 AM:

EURUSD spot forex pair mostly. Focus on one main instrument pays off.

__________________
Humans are much more prone to influence of words than real facts. Ivan Pavlov.

Posted by bwolinsky on 01-26-12 05:17 AM:

TQQQ, SQQQ, NQ, TF, and QM. AAPL for b&h.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by kcgoogler on 01-26-12 05:21 AM:

Quote from hkrahra:

I'd recommend you to trade Vaselinum only.

nice one

Posted by HATEtheRisk on 01-26-12 05:33 AM:

Quote from hkrahra:

I'd recommend you to trade Vaselinum only.

thats what your mummy said, the last time i screwd here.

Posted by ElectricSavant on 01-26-12 07:24 AM:

The following is what I trade and lose money in:

Forex (mostly majors)
Stocks (high dividend)

Posted by gmst on 01-26-12 07:45 AM:

most frequently traded: eurusd, audusd, usdjpy, eurchf, ES

less frequently traded: euraud, audnzd, gbpusd, usdchf, eurgbp, usdcad, GC

Planning to add following in next 6 months: CL, SI, ZB, ZN, Stocks

Posted by macroman on 01-26-12 08:06 AM:

ES, SPI, euraud, audusd, eurusd, audjpy.

less chf, cad.

even less stocks.

oops forgot: DAX

Posted by HATEtheRisk on 01-26-12 11:53 AM:

Quote from ElectricSavant:

The following is what I trade and lose money in:

Forex (mostly majors)
Stocks (high dividend)

not good if you lose money.

a mod should know how to trade, dont ya think?

at least, i hope you get paid well for your hard work on ET....

Posted by HATEtheRisk on 01-26-12 11:56 AM:

Quote from gmst:

most frequently traded: eurusd, audusd, usdjpy, eurchf, ES

less frequently traded: euraud, audnzd, gbpusd, usdchf, eurgbp, usdcad, GC

Planning to add following in next 6 months: CL, SI, ZB, ZN, Stocks

Do you also think USDJPY sucks extreme since the last 3-4 months, the market is totaly boring, it is just moving not straight enough like the other fx majors, its acting like a low volume commodity and spiking around all the time, that sucks, i liked to trade the USDJPY a lot back in the days, but since that tsunami in japan the market changed completly, imo.

Posted by HATEtheRisk on 01-26-12 12:00 PM:

Quote from HATEtheRisk:

Do you also think USDJPY sucks extreme since the last 3-4 months, the market is totaly boring, it is just moving not straight enough like the other fx majors, its acting like a low volume commodity and spiking around all the time, that sucks, i liked to trade the USDJPY a lot back in the days, but since that tsunami in japan the market changed completly, imo.

same for EURCHF, i think it also changed totally since that price minimum fixing at 1.20 from the swiss central bank, nothing is anymore how it was.

Posted by ElectricSavant on 01-26-12 02:15 PM:

HATEtheRisk,

You really need to get some common sense....

Why should a mod know how to trade? What do you think the postion of "moderator" is?

All I do is watch for spam....That makes me a janitor...

It is a volunteer postion and does not pay anything and is a Thankless Job...

ES

Quote from HATEtheRisk:

not good if you lose money.

a mod should know how to trade, dont ya think?

at least, i hope you get paid well for your hard work on ET....

Posted by HATEtheRisk on 01-27-12 01:33 AM:

Quote from ElectricSavant:

HATEtheRisk,

You really need to get some common sense....

Why should a mod know how to trade? What do you think the postion of "moderator" is?

All I do is watch for spam....That makes me a janitor...

It is a volunteer postion and does not pay anything and is a Thankless Job...

ES

Much worse than i thought.

I mean how long do you ve been here and reading all the thousands of posts, cant believe you havent found any way yet to make money in the markets, with all that stuff.

I am really sorry for you, maybe i should stard a supporting aid campain to help you poor mods, here.

That is inaceptable.

P.S. Not all my posts are meant serious.

Posted by mgabriel01 on 01-27-12 01:42 AM:

Posted by ElectricSavant on 01-27-12 02:57 AM:

eventhough you are joking the truth hurts....I guess I am not smart enough to eek out a profit and I probably need some help.

Quote from HATEtheRisk:

Much worse than i thought.

I mean how long do you ve been here and reading all the thousands of posts, cant believe you havent found any way yet to make money in the markets, with all that stuff.

I am really sorry for you, maybe i should stard a supporting aid campain to help you poor mods, here.

That is inaceptable.

P.S. Not all my posts are meant serious.

Posted by SimpleTrades on 01-27-12 03:07 AM:

Poor ElectricSavant!

Could have sworn that moderation in life was a good thing. Guess this doesn't apply to trading moderators.

Posted by HATEtheRisk on 01-27-12 03:08 AM:

Quote from ElectricSavant:

eventhough you are joking the truth hurts....I guess I am not smart enough to eek out a profit and I probably need some help.

Didnt mean to hurt your feelings.

But i cant help you there, you must find your own way, i guess.....

Forex (mostly majors)
Stocks (high dividend)

Good products to trade.

Maybe you think about it, to only trade 24h markets, with high volume, like FX and Oil, Gold, Wheat, Corn, Soybeans and so on....

Because there everything happens faster and you might learn faster.

Good luck.

Posted by HATEtheRisk on 01-27-12 03:31 AM:

Quote from bhardy307:

Poor ElectricSavant!

Could have sworn that moderation in life was a good thing. Guess this doesn't apply to trading moderators.

Ahhh, i think its not so bad. With all what he knows, he could easily write 5 books and making a good bunch of money with selling them.

At least it isnt so worse, like how this folks here living:

But i guess its pretty hard to read all this bullshit all day long.

I would recommend everyone who wants to read the Forum must pay 1 Dollar a month, for all the valuable free information.

Then at least our mods could make a good living.

Posted by 007Arb on 01-27-12 03:32 AM:

Open end junk bond funds. One of the most purely trending and least volatile asset classes around. Being a trend trader and detesting volatility, they suit me just fine. Because of their trendiness coupled with low volatility, I can trade them in a size I can't do with other asset classes. Best of all, while many of the other instruments I have traded in the past - stock index futures, equity funds, individual stocks - have changed their beat over the years, junk bond funds march to the exact same cadence as when I made my first foray into them in January 1991.

Posted by SimpleTrades on 01-27-12 03:45 AM:

ElectricSavant, I have the perfect solution for you!!!!!! You must add this onto your computer!!!!

Posted by ElectricSavant on 01-27-12 05:14 AM:

Thanx...

Quote from bhardy307:

ElectricSavant, I have the perfect solution for you!!!!!! You must add this onto your computer!!!!

Posted by bwolinsky on 01-27-12 01:34 PM:

Quote from bwolinsky:

TQQQ, SQQQ, NQ, TF, and QM. AAPL for b&h.

Why am I the only one that actually answered the question specifically?

Forex is dumb trading entertainment for inexperienced noobs.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by HATEtheRisk on 01-27-12 01:47 PM:

Quote from bwolinsky:

Why am I the only one that actually answered the question specifically?

Forex is dumb trading entertainment for inexperienced noobs.

Because you might be the only one who cares about my threads.

I just try to kill my boredom.

If FX is so dumb for you, then its good that you trade the asset classes for higher intellectual people.

Indeed FX is so dumb, thats why everybody wins all the time in this dumb FX, because its so fucking easy.

Not everybody is so smart like you and can trade all the cool products.

Sometimes, i see the light and trade some futures, but then i always fall back to my dumb forex.

Thats my life, at least i make money. Its pretty hard as dumbFXass.

Sorry

Posted by SimpleTrades on 01-27-12 01:50 PM:

Quote from bwolinsky:

Why am I the only one that actually answered the question specifically?

Forex is dumb trading entertainment for inexperienced noobs.

Dumb indeed. So, have you made any positive trades this year with your miracle system?

Cut the crap! You've done nothing but lose money. You're no different than the rest of us. You just have a massive and misguided ego!!

http://covestor.com/kc-capital-mana...uantitative-etf

Posted by noob_trad3r on 01-27-12 02:04 PM:

SPY and IWM + the options on those two.

Posted by HATEtheRisk on 01-27-12 02:09 PM:

Quote from bhardy307:

Dumb indeed. So, have you made any positive trades this year with your miracle system?

Cut the crap! You've done nothing but lose money. You're no different than the rest of us. You just have a massive and misguided ego!!

http://covestor.com/kc-capital-mana...uantitative-etf

Come on.

Why do you insult me now.

Did i say anything bad against you. You started it with talking about FX trading would be for dumb people.

I am not like anybody, ok. Sorry, i am me and just me, like i always was.

And i am sorry, but i make money with my work, yes because its work, really hard work and its all i can. I have never learnd anything else.

And i dont have one strategy, i have a lot of them. Otherwhise it would be immpossible for me to make money at least all 2 days.

Dont know what to say to people like you.

Its like in the kindergarden.

You dont must belief me what i say, who cares, i not.

Isnt it funny, this is a trading forum, and when once a trader comes who isnt a totally loser, nobody beliefs him.

LOL

Really funny

I am outa here.

PEACE

Posted by SimpleTrades on 01-27-12 02:18 PM:

Quote from HATEtheRisk:

Come on.

Why do you insult me now.

Did i say anything bad against you. You started it with talking about FX trading would be for dumb people.

I am not like anybody, ok. Sorry, i am me and just me, like i always was.

And i am sorry, but i make money with my work, yes because its work, really hard work and its all i can. I have never learnd anything else.

And i dont have one strategy, i have a lot of them. Otherwhise it would be immpossible for me to make money at least all 2 days.

Dont know what to say to people like you.

Its like in the kindergarden.

You dont must belief me what i say, who cares, i not.

Isnt it funny, this is a trading forum, and when once a trader comes who isnt a totally loser, nobody beliefs him.

LOL

Really funny

I am outa here.

PEACE

Urrrrr..... not sure if you're serious or joking.

I wasn't insulting you; I was insulting BWOL!

Posted by gmst on 01-27-12 02:21 PM:

Quote from HATEtheRisk:

Do you also think USDJPY sucks extreme since the last 3-4 months, the market is totaly boring, it is just moving not straight enough like the other fx majors, its acting like a low volume commodity and spiking around all the time, that sucks, i liked to trade the USDJPY a lot back in the days, but since that tsunami in japan the market changed completly, imo.

Just saw your question. yeah i haven't traded u/j for last 3 months I guess. My last big trade was when boJ intervened on 31st Oct. I made 1.6k that day, my account size is super-piker size, otherwise i could have made 100x (160,000) that day. It was 'the' trade. Yeah e/c is kind of easy right now if you are willing to hold the position ad infinium. Just lever your account 5x/10x, buy it (its slightly positive carry with oanda), and keep it for 1 year. If it reaches 1.30 sell it, otherwise close the position after 1 year. Easy trade

Posted by HATEtheRisk on 01-27-12 02:24 PM:

Quote from bhardy307:

Urrrrr..... not sure if you're serious or joking.

I wasn't insulting you; I was insulting BWOL!

HAHAHAHAHAHAHAHAHAHAHHAAHHA
HAHAHAHAHHAHAHAHAHAAHAHAHAH
HAAHHAAHAHAHAHAAHAHHAHAHAHA

Sorry, my mistake.

I just get pissed off so easily. Sorry.

But the half you said probably count also for me.
Expect that with losing money. LOL.

Damn.

Posted by SimpleTrades on 01-27-12 02:47 PM:

Quote from HATEtheRisk:

HAHAHAHAHAHAHAHAHAHAHHAAHHA
HAHAHAHAHHAHAHAHAHAAHAHAHAH
HAAHHAAHAHAHAHAAHAHHAHAHAHA

Sorry, my mistake.

I just get pissed off so easily. Sorry.

But the half you said probably count also for me.
Expect that with losing money. LOL.

Damn.

Actually, I think it was my, "Dumb indeed ..." comment that caught your attention. No, that was sarcasm. I trade forex as well. Primarly XAU/USD.

Posted by HATEtheRisk on 01-27-12 03:09 PM:

Quote from bhardy307:

Actually, I think it was my, "Dumb indeed ..." comment that caught your attention. No, that was sarcasm. I trade forex as well. Primarly XAU/USD.

I see.

Ya shall be forgiven, the Lord says.

I love the Gold. I choose before all other products. But unfortunatly not all the time, i have a setup there.

Dont know why, but i just like the way, how gold moves, but only against the USD.

I also have that thing for corn and wheat, dont know why, maybe because i like cornflakes so much.

Posted by shopster on 01-27-12 03:11 PM:

i trade snake oil, smoke n' mirrors and mindless drivel.

s

Posted by e92335i08 on 01-27-12 03:30 PM:

ES and ES Options, HG, GC, 6E, DX, NG, VIX Futs

Some equities

__________________
Futures Trading

Posted by bc1 on 01-27-12 03:38 PM:

Quote from shopster:

i trade snake oil, smoke n' mirrors and mindless drivel.

s

So you are the one bidding against me.

Posted by atticus on 01-27-12 03:53 PM:

Quote from bhardy307:

Dumb indeed. So, have you made any positive trades this year with your miracle system?

Cut the crap! You've done nothing but lose money. You're no different than the rest of us. You just have a massive and misguided ego!!

http://covestor.com/kc-capital-mana...uantitative-etf

Beau lost 15% for the month?! WTF happened to Schamp's Holy Grail that is PricePhysics?

Posted by bwolinsky on 01-27-12 03:59 PM:

Quote from atticus:

Beau lost 15% for the month?! WTF happened to Schamp's Holy Grail that is PricePhysics?

My price physics trend following system has not had any trades, which negate the effectiveness of the pairs trading for that model.

I'm not finding Schamp's method profitable after 1 tick of slippage.

My version from his indicators is actually better than what a swing chart shows on NQ both for price physics of mine and my pairs trading methods.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by atticus on 01-27-12 04:02 PM:

Quote from bwolinsky:

My price physics trend following system has not had any trades, which negate the effectiveness of the pairs trading for that model.

I'm not finding Schamp's method profitable after 1 tick of slippage.

Hmmm. So the Oracle of OH wasn't the ticket, eh? 100PF lol.

Posted by bwolinsky on 01-27-12 04:04 PM:

Quote from atticus:

Hmmm. So the Oracle of OH wasn't the ticket, eh?

He has been posting charts on CL with, say, close to $2 of profit per day, and my chart shows less than $0.50 profit and not profitable after 1 tick slippage or commission partially from overtrading, not really that it hasn't been making money on its trades just not after slippage and commish.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 04:06 PM:

Quote from bwolinsky:

He has been posting charts on CL with, say, close to $2 of profit per day, and my chart shows less than $0.50 profit and not profitable after 1 tick slippage or commission.

I think your indicators are inverted. You get a buy when it should be a sell.

Posted by bwolinsky on 01-27-12 04:08 PM:

Quote from atticus:

Beau lost 15% for the month?! WTF happened to Schamp's Holy Grail that is PricePhysics?

I took a stop loss of 7% on QID, or (1-0.07)^(3/2)-1=10.314% max loss followed by a 1.5% loss. The loss is not quite 15% but close enough if you want to call it that.

It happens on every 1 of 6 trades.

Really the better comparison from the market is to look at where TQQQ and SQQQ are compared to my inception date May 24th, 2010.

SQQQ was at $26.17 now at $15.51 and TQQQ was at $80.70 now at $85.25, up from $51.25 which was a 36.5% drawdown from inception, while SQQQ had drawndown 40%.

Really, do you guys even trade these instruments? They're really volatile, and the drawdown I've had has been a lot less than what I'm trading.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by atticus on 01-27-12 04:12 PM:

Quote from bwolinsky:

He has been posting charts on CL with, say, close to $2 of profit per day, and my chart shows less than $0.50 profit and not profitable after 1 tick slippage or commission partially from overtrading, not really that it hasn't been making money on its trades just not after slippage and commish.

I think you need to read this post: http://www.elitetrader.com/vb/showt...amp#post3375526

Here's a quick parenthetical: "He gave me the manual and student version of his code he uses to teach. I get an extended free trial with no obligation to buy, but if CL's making $4000 on $4000 of margin PER WEEK GODDAMIT then no fucking way, you, cocksucker! He's got the most exceptional trading program I've ever seen, and if people from Britain's royal family are forking over $5 million so they can keep being the worlds wealthiest land owners, then DRACHMA! Do you know what Drachma is? Cause I will have more of it than probably anyone who has participated in this thread, and good thing Bill isn't here because then I couldn't say that."

Posted by bwolinsky on 01-27-12 04:15 PM:

Quote from atticus:

I think you need to read this post: http://www.elitetrader.com/vb/showt...amp#post3375526

Here's a quick parenthetical: "He gave me the manual and student version of his code he uses to teach. I get an extended free trial with no obligation to buy, but if CL's making $4000 on $4000 of margin PER WEEK GODDAMIT then no fucking way, you, cocksucker! He's got the most exceptional trading program I've ever seen, and if people from Britain's royal family are forking over $5 million so they can keep being the worlds wealthiest land owners, then DRACHMA! Do you know what Drachma is? Cause I will have more of it than probably anyone who has participated in this thread, and good thing Bill isn't here because then I couldn't say that."

If I was getting the results he's been posting, it would be like that.

Not so from the trial copy I've gotten.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by atticus on 01-27-12 04:17 PM:

Quote from bwolinsky:

If I was getting the results he's been posting, it would be like that.

Not so from the trial copy I've gotten.

I am shocked.

Posted by bwolinsky on 01-27-12 04:18 PM:

Quote from atticus:

I am shocked.

I'm sure you are, myself moreso.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 04:19 PM:

Quote from atticus:

I think you need to read this post: http://www.elitetrader.com/vb/showt...amp#post3375526

Here's a quick parenthetical: "He gave me the manual and student version of his code he uses to teach. I get an extended free trial with no obligation to buy, but if CL's making $4000 on $4000 of margin PER WEEK GODDAMIT then no fucking way, you, cocksucker! He's got the most exceptional trading program I've ever seen, and if people from Britain's royal family are forking over $5 million so they can keep being the worlds wealthiest land owners, then DRACHMA! Do you know what Drachma is? Cause I will have more of it than probably anyone who has participated in this thread, and good thing Bill isn't here because then I couldn't say that."

B. WOL, what little credibility you had just vanished!

Posted by bwolinsky on 01-27-12 04:20 PM:

NQ #F's 117,649 contract chart made 9.75 points since 2008, which is nothing if you were to include slippage and commish there, too.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by bwolinsky on 01-27-12 04:25 PM:

Quote from bhardy307:

B. WOL, what little credibility you had just vanished!

World Cup doesn't see it that way, bhardy.

If you could produce a backtest from $30,000 to $3.8 million you wouldn't try doing anything but that for 2 years.

Also, try not to confuse what I'm doing for World Cup with what I'm doing for Covestor. They aren't the same. One's for futures with futures risk characteristics, and the other just uses pairs trading when the futures system uses a combination of three systems I don't utilize in my model.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 04:33 PM:

Quote from bwolinsky:

World Cup doesn't see it that way, bhardy.

If you could produce a backtest from $30,000 to $3.8 million you wouldn't try doing anything but that for 2 years.

Actually, I did last spring when I was working as a prop trader. It was a very simple piece of code that went long after a green candle and held for 2.5 candles. Tested with 5 years of data on stocks randomly selected from the nasdaq exchange.

Can you say, "too good to be true?!!!"

Posted by bwolinsky on 01-27-12 04:49 PM:

Quote from bhardy307:

Actually, I did last spring when I was working as a prop trader. It was a very simple piece of code that went long after a green candle and held for 2.5 candles. Tested with 5 years of data on stocks randomly selected from the nasdaq exchange.

Can you say, "too good to be true?!!!"

Using candles and curve fitting that way doesn't work, but this was a 2 year, not 5 year backtest I'm referring to.

Futures are a lot more difficult to find systems for. Stocks introduce too much randomness than their derivative indices.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 04:54 PM:

Quote from bwolinsky:

Using candles and curve fitting that way doesn't work, but this was a 2 year, not 5 year backtest I'm referring to.

Futures are a lot more difficult to find systems for. Stocks introduce too much randomness than their derivative indices.

Beau,

This is a quote from you from the thread that Atticus was so kind to reference.

Quote from bwolinsky:
How old do you think I am, ASSICUS? I'm an adult bitch. I own an RIA, A CTA, AND A GODDAM STOCK EXCHANGE SO SHUT THE FUCK UP! JUST SHUT THE FUCK UP! JUST THE FUCK UP!

You are a very disturbed young man. You need to get help. I am not trying to mean. I am not trying to be insulting. I am trying to be kind so that you won't throw away your life.

Please, get some help.

Posted by bwolinsky on 01-27-12 05:02 PM:

Quote from bhardy307:

Beau,

This is a quote from you from the thread that Atticus was so kind to reference.

You are a very disturbed young man. You need to get help. I am not trying to mean. I am not trying to be insulting. I am trying to be kind so that you won't throw away your life.

Please, get some help.

What makes you think I haven't (gotten help)?

I've gotten help for over 10 years now, and I'm not 30.

The models I have are really good, that's all I'm saying.

I like systematic trading than discretionary. Discretionary trading leads to overtrading in addition to poor risk management and losses because there's no discipline unless you've traded the market or been a financial advisor for at least a couple years.

I would rather see somebody lose systematically than risk too much on their gut instinct or hunches.

Systematic rules that can be coded will always lead to better risk management, even if in the short run that might lead to periods of underperformance.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 05:09 PM:

Quote from bwolinsky:

What makes you think I haven't (gotten help)?

I've gotten help for over 10 years now, and I'm not 30.

The models I have are really good, that's all I'm saying.

Beau, a person who thinks it appropriate to write in a public forum,"SHUT THE FUCK UP! SHUT THE FUCKUP! SHUT THE FUCK UP!", has a serious psychological disorder. You have some extreme ego, anger and obsessive issues. You will lose everything you've got because you're incapable of assuming personal responsibility. This is not a new quote; it is only a couple of months old. This is a very recent psychological issue for you.

Please, for your own sake, before you completely throw away your life, get some help.

Posted by bwolinsky on 01-27-12 05:13 PM:

Quote from bhardy307:

Beau, a person who thinks it appropriate to write in a public forum,"SHUT THE FUCK UP! SHUT THE FUCKUP! SHUT THE FUCK UP!", has a serious psychological disorder. You have some extreme ego, anger and obsessive issues. You will lose everything you've got because you're incapable of assuming personal responsibility. This is not a new quote; it is only a couple of months old. This is a very recent psychological issue for you.

Please, for your own sake, before you completely throw away your life, get some help.

Whatever, bhardy. If you're around the incessant negativity on elitetrader for a long time, you'll see it's not so unusual to read or write comments like that, especially if you've undergone space euphoria you typically notice in masters of the universe who've reached so many people online or from television appearances that the feedback you can get and I do get from posting really does eventually give you a physical manifestation similar to feeling like an omniscient god.

There are a lot more haters on this forum than well-wishers. Thinking I take comments personally or that they effect my trading isn't true, because I've developed quantitative rules just so I don't have to deal with emotional issues when I'm trading.

Having plans to make a billion dollars is much different than wishing you could make a billion dollars. I would rather pursue that than waste time at dead-end jobs that block any advancement out of petty seniority than merit based performance.

Generally whenever I hear these criticisms I'm usually thinking they don't understand what it's like to have plans for enterprise like that. It's much different having the plans and implementing them, than wishing for money without work.

This is work. Trading's work, and if you don't put in screen time and coding it'll never work out for you.

I put the time in you need, have 3 systems, and that's all I need because they are extremely scalable.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by atticus on 01-27-12 05:45 PM:

Quote from bwolinsky:

Using candles and curve fitting that way doesn't work, but this was a 2 year, not 5 year backtest I'm referring to.

Futures are a lot more difficult to find systems for. Stocks introduce too much randomness than their derivative indices.

Sorry, pet peeve, but stocks are the derivatives in your example, not the indices.

Posted by atticus on 01-27-12 05:47 PM:

Quote from bwolinsky:

I put the time in you need, have 3 systems, and that's all I need because they are extremely scalable.

Beau, you're down nearly 15% for the month on Covestor. Whatever model you're applying isn't working, period.

Posted by SimpleTrades on 01-27-12 05:49 PM:

Beau, you have bought into a system that promises you big bucks. In exchange, you are required to pay a high fee to get the full benefit of that system. You are attempting to use your simple minor in math to argue that you are an expert. Where I come from, an economics degree precludes a minor in math. In other words, the math you get in your economics is equal or greater than that minor in math. So, I am honestly not very impressed with your supposed math skills. Honestly, I think I have more math than you by ALOT! So please, cut this big shot crap.

A person who has a billion dollar system shouldn't need to sell his system to other people, like you. He should need only to make the money and walk away. If he is doing this selling to generate capital, then there is little guarentee his system actually works with large sums of money. In fact, he would be better off to simply be patient and allow his system to work, compouding the equity he currently has over a period of a couple of years.

Do you realize that a system that generates several million out of only $30,000, takes only slight longer if you are starting with only $300? I too can create several million in a few years if I compound at a rate of 1%/day. How hard is it to generate $3/day on that $300 with XAU/USD. Actually, it is VERY VERY VERY easy. I keep getting nailed by my own impatience and greed!!! I want more, more quickly!

Posted by clearinghouse on 01-27-12 05:53 PM:

Stock traders are failing to represent here. I guess the bots wiped all the stock traders out.

I trade all the large cap stocks, and that's it. No futures, no options, no nothing. Just stocks.

Posted by ammo on 01-27-12 05:54 PM:

http://www.youtube.com/watch?v=UgcxGFmYyPs

Quote from bwolinsky:

Whatever, bhardy. If you're around the incessant negativity on elitetrader for a long time, you'll see it's not so unusual to read or write comments like that, especially if you've undergone space euphoria you typically notice in masters of the universe who've reached so many people online or from television appearances that the feedback you can get and I do get from posting really does eventually give you a physical manifestation similar to feeling like an omniscient god.

There are a lot more haters on this forum than well-wishers. Thinking I take comments personally or that they effect my trading isn't true, because I've developed quantitative rules just so I don't have to deal with emotional issues when I'm trading.

Having plans to make a billion dollars is much different than wishing you could make a billion dollars. I would rather pursue that than waste time at dead-end jobs that block any advancement out of petty seniority than merit based performance.

Generally whenever I hear these criticisms I'm usually thinking they don't understand what it's like to have plans for enterprise like that. It's much different having the plans and implementing them, than wishing for money without work.

This is work. Trading's work, and if you don't put in screen time and coding it'll never work out for you.

I put the time in you need, have 3 systems, and that's all I need because they are extremely scalable.

http://www.youtube.com/watch?v=UgcxGFmYyPs ... you need to untrain your ego since it is holding on so tightly,then let it go,do the schultz mantra every morning

Posted by bwolinsky on 01-27-12 05:55 PM:

Quote from bhardy307:

Beau, you have bought into a system that promises you big bucks. In exchange, you are required to pay a high fee to get the full benefit of that system. You are attempting to use your simple minor in math to argue that you are an expert. Where I come from, an economics degree precludes a minor in math. In other words, the math you get in your economics is equal or greater than that minor in math. So, I am honestly not very impressed with your supposed math skills. Honestly, I think I have more math than you by ALOT! So please, cut this big shot crap.

A person who has a billion dollar system shouldn't need to sell his system to other people, like you. He should need only to make the money and walk away. If he is doing this selling to generate capital, then there is little guarentee his system actually works with large sums of money. In fact, he would be better off to simply be patient and allow his system to work, compouding the equity he currently has over a period of a couple of years.

Do you realize that a system that generates several million out of only $30,000, takes only slight longer if you are starting with only $300? I too can create several million in a few years if I compound at a rate of 1%/day. How hard is it to generate $3/day on that $300 with XAU/USD. Actually, it is VERY VERY VERY easy. I keep getting nailed by my own impatience and greed!!! I want more, more quickly!

Greed is right.

Making scalable plans isn't so easy. You wouldn't even be able to buy a futures contract with $300 so that's not what I mean when I put that figure out there. You need at least as much as $25,000 to be able to trade with the method I have, and you thinking your econ is superior to my math skills and financial economics degree is not true.

I can show you my equity curves of all of my systems, and even though I know those aren't as convincing as third party verified track records, I am just starting. My CTA is less than 3 months old trading prop for itself. My covestor model is the only other thing that if you were to assume I'm a fool, you're mistaken because everyone will lose trading 3x instruments if they aren't using pairs trading methods.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 06:01 PM:

Quote from bwolinsky:

Greed is right.

Making scalable plans isn't so easy. You wouldn't even be able to buy a futures contract with $300 so that's not what I mean when I put that figure out there. You need at least as much as $25,000 to be able to trade with the method I have, and you thinking your econ is superior to my math skills and financial economics degree is not true.

I can show you my equity curves of all of my systems, and even though I know those aren't as convincing as third party verified track records, I am just starting. My CTA is less than 3 months old trading prop for itself. My covestor model is the only other thing that if you were to assume I'm a fool, you're mistaken because everyone will lose trading 3x instruments if they aren't using pairs trading methods.

I don't have an econ degree. I have a B. Math in Computer Math. I used the ECON degree just to make the point that your basic degree should have precluded the minor in math.

By the way, I have taken all the abstract math and advanced differential equations courses that you claimed you didn't take.

I know the difference between probability and statistics courses taken in a pure math degree and a finance based degree. Do you?

Posted by atticus on 01-27-12 06:12 PM:

Let's not stray too far OT here. Obviously you cannot expect any publicly offered trading system to forward-test profitably. Beau was duped, but relished being so. That's why he's such a fun target.

We can always revive those old threads. ;)

Posted by SimpleTrades on 01-27-12 06:17 PM:

Quote from atticus:

Let's not stray too far OT here. Obviously you cannot expect any publicly offered trading system to forward-test profitably. Beau was duped, but relished being so. That's why he's such a fun target.

We can always revive those old threads. ;)

Sorry, but I'm targeting the twit who attacked the OP.

"Why am I the only one that actually answered the question specifically?
Forex is dumb trading entertainment for inexperienced noobs," sais Beau

However, you're right, Atticus.

Posted by bc1 on 01-27-12 06:57 PM:

I forgot about the stock exchange. KCSE. I assume it stands for Kansas City Stock Exchange even though Bwol lives in Kentucky. Just wondering how many companies does it have listed, where can we see the ticker, and who sweeps the floors & cleans the toilets at this stock exchange?

Posted by atticus on 01-27-12 07:20 PM:

Quote from bhardy307:

Sorry, but I'm targeting the twit who attacked the OP.

"Why am I the only one that actually answered the question specifically?
Forex is dumb trading entertainment for inexperienced noobs," sais Beau

However, you're right, Atticus.

I traded interbank FX for >2Y in the nineties and it was the most difficult period in terms of lifestyle.

However, a really uninformed comment considering that FX MMing (as distinct from FICC prop-trading) has been a profit-center for money center banks for many years.

Perhaps Beau hasn't heard of Quantum, Duquesne, Caxton and FX Concepts

Posted by frostydc4 on 01-27-12 07:59 PM:

I usually trade /ES, /NQ, /6E, /CL, /ZN (I loved this during last summer/fall), and eur/usd. Now with the vix at the lows I have been primairly trading eur/usd and have been laughing my ass off selling spy credit spreads .

Posted by SimpleTrades on 01-27-12 08:45 PM:

Quote from atticus:

I traded interbank FX for >2Y in the nineties and it was the most difficult period in terms of lifestyle.

However, a really uninformed comment considering that FX MMing (as distinct from FICC prop-trading) has been a profit-center for money center banks for many years.

Perhaps Beau hasn't heard of Quantum, Duquesne, Caxton and FX Concepts

I really enjoy the simplicity of what I am trading right now. Whether or not you want to call FXCM a "bucket shop" doesn't negate the fact that the whole package: trading, charting and coding, is self-contained. For now, I enjoy the exercise of simply focusing on a single product: XAU/USD.

Maybe Beau is right. This is for newbies. If so, so be it. I am a newbie who has a very straight forward, self-contained, inexpensive package to learn with. I don't need to spend any money on software and data charges. When you are first getting started, this is a perfect way to learn. My attention is focused exclusively on learning how to trade without any other distraction ( actually ET is BIG distraction

)

When I am ready, I can move to a more advanced setup. I honestly believe that this is a classic mistake of losing traders. They spend a pile of money trying to create a perfect setup while avoiding the more important process of learning how to trade.

When I do get good at this in a couple of years or so, I would enjoy working again for a prop firm that supports forex. Actually, I am rather interested in this company: 4XPROP.

Posted by bwolinsky on 01-27-12 10:32 PM:

Quote from bc1:

I forgot about the stock exchange. KCSE. I assume it stands for Kansas City Stock Exchange even though Bwol lives in Kentucky. Just wondering how many companies does it have listed, where can we see the ticker, and who sweeps the floors & cleans the toilets at this stock exchange?

It exists as a technical document I'll put on a cloud. KCSE is incorporated in Delaware. I'm working to form investment banking syndicates with issuers in need of liquidity.

Since it exists as a cloud, nobody need to sweep floors, clean toilets, or even worry about lending money to finance construction of a trading floor.

Once my IA and CTA is approved, I'm going to try to do some investment banking to handle reg d's and S1's and re-listing of several companies. I do not have funding for this at the moment, but it will happen, and won't require specialists or market makers since it's not intended for HFT, but relies on a revolutionary new process of price discovery called reverse silent double dutch auctions.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 10:42 PM:

Quote from bwolinsky:

... silent double dutch ...

Sounds like a kind of ice cream!

Quote from bwolinsky:

It exists as a technical document I'll put on a cloud.

Sounds about right; your head is definately in the clouds.

Come on Beau! Get real! Stop dreaming!

_________________________________________

Oh my God! I just found a way to turn by tiny forex balance of $2423 into 44 million by Dec 27, 2013. Can I join you in the "cloud"???? Please, please, pretty please!

Posted by bwolinsky on 01-27-12 10:51 PM:

Quote from bhardy307:

Sounds like a kind of ice cream!

Sounds about right; your head is definately in the clouds.

Come on Beau! Get real! Stop dreaming!

That's not dreaming, which shows how little you know about finance or economics and my field, financial economics. One class in micro and macro does not make you an expert in business, no matter how much you'd like to believe that.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by bwolinsky on 01-27-12 10:53 PM:

Quote from bhardy307:

Oh my God! I just found a way to turn by tiny forex balance of $2423 into 44 million by Dec 27, 2013. Can I join you in the "cloud"???? Please, please, pretty please!

If you pass an audit, and didn't drawdown 99.99%, then that would be something I'd look for.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 10:54 PM:

Quote from bwolinsky:

That's not dreaming, which shows how little you know about finance or economics and my field, financial economics. One class in micro and macro does not make you an expert in business, no matter how much you'd like to believe that.

Actually, first year micro/macro, 2nd year micro/macro, 4rth year micro, plus the Computer Math degree.

Posted by bwolinsky on 01-27-12 10:56 PM:

Quote from bhardy307:

Actually, first year micro/macro, 2nd year micro/macro, 4rth year micro, plus the Computer Math degree.

Yeah, that's all bullshit. There's no 3 year micro/macro curriculum that could compete with Centre College's Financial Econ majors.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 11:01 PM:

Quote from bwolinsky:

Yeah, that's all bullshit. There's no 3 year micro/macro curriculum that could compete with Centre College's Financial Econ majors.

Canadian degrees are 4 year programs. 20 full year math and computer courses + 2.5 full year courses of economics.

Anyhow, all of this dick sizing is kind of silly. My focus is different than yours, but I have all of the tools I need.

Actually, I forgot about the physics and geology course I took, so 18 credits of Math and Computer Science.

Posted by bwolinsky on 01-27-12 11:19 PM:

Quote from bhardy307:

Canadian degrees are 4 year programs. 20 full year math and computer courses + 2.5 full year courses of economics.

Anyhow, all of this dick sizing is kind of silly. My focus is different than yours, but I have all of the tools I need.

Actually, I forgot about the physics and geology course I took, so 18 credits of Math and Computer Science.

If you were really smart you'd have listened to at least talk to Schamp about getting his database. That much was worth the effort it took to get to know him. Nobody will ever make you that offer, so you may think fine for now, but when you realize you have no data to do real financial research then you might go to him at least for that info.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by bwolinsky on 01-27-12 11:23 PM:

Quote from bhardy307:

Canadian degrees are 4 year programs. 20 full year math and computer courses + 2.5 full year courses of economics.

Anyhow, all of this dick sizing is kind of silly. My focus is different than yours, but I have all of the tools I need.

Actually, I forgot about the physics and geology course I took, so 18 credits of Math and Computer Science.

My apologies. I keep forgetting you are Canadian. No gen eds? Humanities? Religion? There's more to an education than math and computer sci, but maybe they figure you'll get all of your arts from the econ.

Before pursuing the Computer Science major I'd made it through 3 classes, including discrete mathematics. Probability had DE and Mathemtical Modelling for Economics had DE as well. Straight DE I was told was more for Math and Physics majors.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 11:27 PM:

Quote from bwolinsky:

If you were really smart you'd have listened to at least talk to Schamp about getting his database. That much was worth the effort it took to get to know him. Nobody will ever make you that offer, so you may think fine for now, but when you realize you have no data to do real financial research then you might go to him at least for that info.

Beau, I am just getting started. As you can tell from my education, I have a bunch of theoretical knowledge at my disposal, but very little applied experience that would be useful to trading. So let me develop those skills first.

Once those skills are developed, I can apply them to any set of data that I may have at my disposal. In fact, for the immediate need, the data I have from FXCM is perfectly sufficient. I can expand from there as I become more knowledgeable.

Posted by SimpleTrades on 01-27-12 11:33 PM:

Quote from bwolinsky:

My apologies. I keep forgetting you are Canadian. No gen eds? Humanities? Religion? There's more to an education than math and computer sci, but maybe they figure you'll get all of your arts from the econ.

Before pursuing the Computer Science major I'd made it through 3 classes, including discrete mathematics. Probability had DE and Mathemtical Modelling for Economics had DE as well. Straight DE I was told was more for Math and Physics majors.

General Arts were included and then excluded as a result of the extra courses I took. I started as a non-degree student at the age of 33 with a 1st year (Full year) micro/marco course, a PHIL course, and a physics course. The extra Economics courses pushed the PHIL off my degree requirement. Yes, I took all the pure math DE courses. I have a few discrete math courses, advanced abstract math, analysis, probability, statistics etc.

Posted by bwolinsky on 01-27-12 11:39 PM:

Quote from bhardy307:

General Arts were included and then excluded as a result of the extra courses I took. I started as a non-degree student at the age of 33 with a 1st year (Full year) micro/marco course, a PHIL course, and a physics course. The extra Economics courses pushed the PHIL off my degree requirement. Yes, I took all the pure math DE courses. I have a few discrete math courses, advanced abstract math, analysis, probability, statistics etc.

I don't think I could ever stomach another discrete math course, but it helped in probability.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by NoDoji on 01-27-12 11:41 PM:

Until recently, I mainly traded Matchbox cars.

Started small, just one car, but worked my way up to 10 before the bots caught on and I lost my edge.

I've been sim trading marbles and was ready to go live on Monday, but I appear to have lost them all after reading this thread.

Posted by SimpleTrades on 01-27-12 11:45 PM:

Quote from bwolinsky:

I don't think I could ever stomach another discrete math course, but it helped in probability.

I don't think I could handle another course in analysis - tedious beyond belief. You said you enjoy Topology? Yikes.

You need those discrete math courses if you want to take some of the more interesting applied math. You also need abstract math (ring theory, group theory)

Posted by SimpleTrades on 01-27-12 11:49 PM:

Quote from NoDoji:

Until recently, I mainly traded Matchbox cars.

Started small, just one car, but worked my way up to 10 before the bots caught on and I lost my edge.

I've been sim trading marbles and was ready to go live on Monday, but I appear to have lost them all after reading this thread.

NoDoji, welcome! You too have a very interesting reputation on ET!! What's up with that??

Posted by bwolinsky on 01-27-12 11:50 PM:

Quote from bhardy307:

Beau, I am just getting started. As you can tell from my education, I have a bunch of theoretical knowledge at my disposal, but very little applied experience that would be useful to trading. So let me develop those skills first.

Once those skills are developed, I can apply them to any set of data that I may have at my disposal. In fact, for the immediate need, the data I have from FXCM is perfectly sufficient. I can expand from there as I become more knowledgeable.

Since you are getting started in time you'll recognize the info you're missing, ie:tick files and a large database that you'll never have $20k to buy. I'm telling you where to get it, but you're a trading masochist and are really hurting yourself more than you know by not listening to a knowledgable third party about that.

If you think you have to have screen time without trading strategies, I'm sorry. You'd be better off buying stocks than trading forex or futures. Unless you know you have a distinct quantifiable advantage there's very little chance of success. Watching CNBC will get your jargon down to at least a somewhat knowledgeable level of what moves markets than the assumption that charts themselves have anything to do with it. They are the result, not the cause. Apple earnings $8 billion above market moved NQ 25 points. You're right the Fed expectations had something to do with the move I made 10 points in TF on, but there wasn't any new macroeconomic expectations out of it. When noise comes, if I haven't seen it on TV you're liable to expect the worse, fear sets in, and you get out of your positions.

On May 6th if you have playback capabilities it would be a good excercise to watch your reactions in real time. Mostly all that did was assure me having a stop in place is best no matter what anybody says about it. I have widened my stops, but increased my hold times from 1-2 days to 5 days, so with wider stops there should be additional profit in time from the more lengthy holds I use in my pairs trades on Covestor. Incidentally I was long TQQQ at $79.75 where I sold before it went to $53 in the next week. That's not untrue, and if I hadn't had another system signalling a lower high my track record would be an even bigger joke than it is with a 1.12 times leverage loss of 36%, and if you don't see the need for systematic trading algorithms use your knowledge. There are systems, particularly at wl4.wealth-lab.com that can be good starting shells and even if you can't compile them, coding them to see their results is well worth the effort it takes to do.

I don't know why you prefer to trade without having an advantage. Until you have one, there's not going to be any way to ever make money consistently, and that's the plight of numerous traders without the requisite knowledge and first hand experience of what moves markets. You're mistaken that the Euro is why we're up. It's not. Earnings in the US are coming in remarkably well, and while you may not get the television news coverage, particularly CNBC or Bloomberg you're just not ever going to have any chance of pulling profits from the market.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-27-12 11:58 PM:

"You're mistaken that the Euro is why we're up"

I never said that!

... Up first because of AAPL, sold off and then continued up again after the FED interest rate announcement. You're right about good earnings. However, disappointing GDP numbers today. Finch added itself to the EURO region rating downgrades. However, Euro still went up.

What I see is a balance/counter balance going on. I simply don't believe you are going to see a huge drop in the EUR that won't be countered with a move from the FED.

___________________________________________

I say again, Beau. Please give me time to pick up a few tools first. A bunch of data is useless without those tools. There are also many, many sources of data when I am ready to make use of that data.

Patience, my friend, patience.

Posted by bwolinsky on 01-28-12 12:01 AM:

Quote from bhardy307:

"You're mistaken that the Euro is why we're up"

I never said that!

... Up first because of AAPL, sold off and then continued up again after the FED interest rate announcement. You're right about good earnings. However, disappointing GDP numbers today. Finch added itself to the EURO region rating downgrades. However, Euro still went up.

What I see is a balance/counter balance going on. I simply don't believe you are going to see a huge drop in the EUR that won't be countered with a move from the FED.

It's in the Feds interest to see the Euro fail. Dollar appreciates, Treasuries keep going up. Win/win. The politics may not be explicitly that way, but at the Fed they'd like nothing more than to see it go to zero.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-28-12 12:07 AM:

Quote from bwolinsky:

It's in the Feds interest to see the Euro fail. Dollar appreciates, Treasuries keep going up. Win/win. The politics may not be explicitly that way, but at the Fed they'd like nothing more than to see it go to zero.

I don't agree. A high dollar kills the trade balance. It is also deflationary. You don't want deflation when you're carrying a huge debt. Just the opposite: you want inflation. You want to devalue the USD since your debt is priced in USD.

Posted by hkrahra on 01-28-12 12:15 AM:

Patience my tomatoes

Posted by bwolinsky on 01-28-12 12:17 AM:

Quote from bhardy307:

"You're mistaken that the Euro is why we're up"

I never said that!

... Up first because of AAPL, sold off and then continued up again after the FED interest rate announcement. You're right about good earnings. However, disappointing GDP numbers today. Finch added itself to the EURO region rating downgrades. However, Euro still went up.

What I see is a balance/counter balance going on. I simply don't believe you are going to see a huge drop in the EUR that won't be countered with a move from the FED.

___________________________________________

I say again, Beau. Please give me time to pick up a few tools first. A bunch of data is useless without those tools. There are also many, many sources of data when I am ready to make use of that data.

Patience, my friend, patience.

If you haven't had modelling experience or realize the most difficult part in all of Econometrics and Empirical Analysis is data, you haven't learned much from your econ. We can be split about it, but just having data is probably more than 50% of the issue people have in analyzing datasets. If there's no datasets, you're not going to learn anything, no matter how much time you spend staring at the screen. Data is not useless, it's empowering, and believe me your claim that trading without analysis and learning price action is better than the average trader who does do that, is wrong.

Analytical traders eventually get to systematic trading and automated trading. You're shooting yourself in the foot if you don't get the fact that without data you don't have any useful way of learning your tools, then all hope is lost. I'd think more than twice if somebody told me how much data I could get in an easylanguage portfolio simulator because that's a no-brainer. If you're admittedly coming from inexperienced prop trading, then it's clear you have no advantages and you won't know you have an advantage unless you analyze on a mountain of data before you even place your first trade.

Your approach will take a really long time, and it doesn't have to. Without models, there can be no consistency, and I know you want to make money because we all do, but having tools is taken care of with Multicharts, however, without data it doesn't matter what you try to do you've got nothing. I always recognized I didn't have enough info but once I got my info and my systems the way I wanted it the only thing to do was to start trading professionally. You may have better algo programming than me, but the theories governing trading are as subjective as the time you're spending in front of the screen. Look into trading theories. Ignore the market until you have something to use.

If you spend your time on the screen just glancing at it every 15 minutes is all you should be doing. There are e-mini currency futures in the database I'm talking about, so you can change your symbol mapping to trade forex if you want to.

I didn't ever put a trade on after my first 10 "trades" in college until I'd done a compartive, quantitative analysis that included collecting data, using statistical analysis software packages, and then deciding what I'd like to invest in.

If you're skipping that part maybe we're just different, but if I had your background, I'd still handle it that way. I figured I had "enough" programming knowledge after 3 comp sci classes that I didn't need to pursue the whole major since I knew a lot of the programming was not applicable to what I was going to do other than to maybe improve my computer programming problem solving skills, but that's all you have, and if datasets don't entice you then you haven't learned how to do any Econ research when the projects I did during Financial Econ could all have been turned into master's theses and dissertation. I didn't need to go get a PhD if I already knew how to produce that kind of research and analysis, so I didn't waste anymore time in computer sci since I knew all it could possibly do for me is get me introduced to antiquated programming languages that wouldn't ever be standard at any programming job I could have ever gotten.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by SimpleTrades on 01-28-12 12:54 AM:

Beau, I have not taken the Econometrics course. Admittedly, this would be very useful.

I will be perfectly blunt with you. I think you have been duped. People don't just hand strangers a huge database like this. Either the data is bad, or there is some other undisclosed price tag.

When I am ready, I'd rather pay a reputable provider.

Posted by bwolinsky on 01-28-12 01:50 AM:

Quote from bhardy307:

Beau, I have not taken the Econometrics course. Admittedly, this would be very useful.

I will be perfectly blunt with you. I think you have been duped. People don't just hand strangers a huge database like this. Either the data is bad, or there is some other undisclosed price tag.

When I am ready, I'd rather pay a reputable provider.

The data is not bad. Duped is not a factor in collecting datasets that large. What it was intended for may have been more shady, but the data certainly wasn't.

Next time you get a quote for a 60 contract e-signal database with both continuous and monthlies tell me how much that is, because it's more than $20,000, and I don't think you'll ever be ready to pay that for anything worth coming up with without that much data beforehand.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by shopster on 01-31-12 03:59 PM:

Quote from NoDoji:

Until recently, I mainly traded Matchbox cars.

Started small, just one car, but worked my way up to 10 before the bots caught on and I lost my edge.

I've been sim trading marbles and was ready to go live on Monday, but I appear to have lost them all after reading this thread.

...............................

so 10 car size and the pit saw you coming............

you need to shoe horn in using a few grain locals, rich. dennis is avail. and bill eckhardt still trades a few.

s

__________________
the world is so certain yet i walk on thin ice.

Posted by tenthousandmen on 02-09-12 10:24 PM:

Not allot of grain traders?

Posted by nursebee on 02-09-12 11:21 PM:

I principally invest in stocks, sometimes options. I tried futures for a few months.

Posted by Rodney King on 02-20-12 05:22 PM:

Quote from bwolinsky:

I'm not finding Schamp's method profitable after 1 tick of slippage

On LinkedIn, Prof says a "large hedge fund" using his method is making 30% a month, and a "student" of his is making 80 cents a day in crude... So what are you doing wrong?

Posted by Rodney King on 02-27-12 04:59 PM:

Whoa, hold the presses, Prof writes on LinkedIn: "I�m about ready to release my software for a free trial periods if you would like to test it for yourself."... Surf, you in? It's been a long time coming -- three years?

Posted by bwolinsky on 02-27-12 05:17 PM:

Quote from Rodney King:

On LinkedIn, Prof says a "large hedge fund" using his method is making 30% a month, and a "student" of his is making 80 cents a day in crude... So what are you doing wrong?

It's probably my datafeed. There's no user error here, the data just isn't what was expected, and I have not been able to reproduce some of the more robust charts in his newsletter.

__________________
HOW MUCH IS ENOUGH?

Bud Fox

Wall Street

Posted by atticus on 02-27-12 05:27 PM:

You should see the 1040s. lol. Apparently it's not working for Prof either. Funny how the newsletter shows otherwise.

Posted by pma on 02-27-12 05:58 PM:

Quote from tenthousandmen:

Not allot of grain traders?

Soybeans here

Posted by SteveNYC on 02-27-12 06:21 PM:

Quote from hkrahra:

I'd recommend you to trade Vaselinum only.

typo?

Vaselineum?

Posted by SteveNYC on 02-27-12 06:24 PM:

Quote from ElectricSavant:

HATEtheRisk,

You really need to get some common sense....

Why should a mod know how to trade? What do you think the postion of "moderator" is?

All I do is watch for spam....That makes me a janitor...

It is a volunteer postion and does not pay anything and is a Thankless Job...

ES

Did you mean common cents?

Posted by SteveNYC on 02-27-12 06:26 PM:

Quote from bhardy307:

Poor ElectricSavant!

Could have sworn that moderation in life was a good thing. Guess this doesn't apply to trading moderators.

He moderates our posts so that we are better off. Such a noble endeavor.

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