 |
kinggyppo
Registered: May 2006
Posts: 5838 |
05-04-12 05:21 AM
know your trading platform cold, there have been lots of execution errors which have killed people over the years. You see some fat fingers that take people out, so whatever you are using practice executing orders, getting in and out when there is a fast market, etc. Under pressure people make errors, you hit buy when you want to sell, good luck...take your time.
|
| |
|
Edit/Delete • Quote • Complain |
Wingz
Registered: Apr 2012
Posts: 23 |
05-10-12 07:25 PM
Preparation for the Start Date
It’s now only a few more days until I get started, I moved into my new place last weekend and am a 10 minute walk from the trading floor and the gym. This time around in order to ensure success I’m establishing goals outside of trading and getting into productive routines.
Exercise
Established a gym workout incorporating weight lifting for strength and cardio for increased energy. One sprint cardio day, one hardcore lifting day and two mixed per week. I’m never good at going in the mornings so I’ll get everything done in the evenings – we’ll see how it goes, might do mid-day or morning in the future.
Proposed results: increased energy, better able to get to sleep at night, endurance in front of the screen, reduction of cortisol, a form of self-confidence and discipline not related to trading.
Diet
I make my food twice a week and store it. Lots of meat and legumes, no processed carbs and massive amounts of fruit and vegetables. Probably snack on nuts and fruit with oat shakes for slow energy release. Blueberries and other antioxidants.
Proposed results: no shit in my diet screwing with my energy or killing my brain. Hyper-focused when on the floor without worrying about what or when to eat, no sugar or caffeine crashes. Really have to completely give up smoking.
Routines
Consistent weekday morning routine - wake at same time daily, take vitamins and have healthy morning smoothie/shake, morning yoga and light exercise, shower, brush teeth, make bed and clear desk.
Consistent weekday evening routine – stretch before bed, read something other than trading, occasionally watch TV, meditate, chill with housemates, eat dinner, glass of red wine, chat to friends.
Maintenance – cooking food, washing clothes etc.. going to the gym, buying food.
Social
Friday and Saturday nights out extreme socializing with new people and friends – goof around and have fun – guilt free play, clubbing, karaoke and paintballing etc...
Goal outside of trading in socializing - to take pimping to the next level – go hard or go home, no time for anything else.
------------------------------------------------------------------
Once I figure out what I have to do on the floor I’ll work toward establishing work routines that involve a lot of self-reflection and continual repetitive tasks. Such as having ‘report cards’ for certain trading behaviours I want to improve and going through past charts bar-by-bar, developing and backtesting whatever strategy I decide on.
Really itching to go - trying to find out a little about the fundamental relationships, I've created a Mindmap. See attached file.
If anyone has any pointers about the fundamental relationship driving oil calendar spreads they would be very appreciated.
Thanks
 fundamentals of crude oil calendar spreads (2).png
This has been downloaded 59 time(s).
|
| |
|
Edit/Delete • Quote • Complain |
kinggyppo
Registered: May 2006
Posts: 5838 |
05-10-12 07:30 PM
Quote from Wingz:
Preparation for the Start Date
It’s now only a few more days until I get started, I moved into my new place last weekend and am a 10 minute walk from the trading floor and the gym. This time around in order to ensure success I’m establishing goals outside of trading and getting into productive routines.
Exercise
Established a gym workout incorporating weight lifting for strength and cardio for increased energy. One sprint cardio day, one hardcore lifting day and two mixed per week. I’m never good at going in the mornings so I’ll get everything done in the evenings – we’ll see how it goes, might do mid-day or morning in the future.
Proposed results: increased energy, better able to get to sleep at night, endurance in front of the screen, reduction of cortisol, a form of self-confidence and discipline not related to trading.
Diet
I make my food twice a week and store it. Lots of meat and legumes, no processed carbs and massive amounts of fruit and vegetables. Probably snack on nuts and fruit with oat shakes for slow energy release. Blueberries and other antioxidants.
Proposed results: no shit in my diet screwing with my energy or killing my brain. Hyper-focused when on the floor without worrying about what or when to eat, no sugar or caffeine crashes. Really have to completely give up smoking.
Routines
Consistent weekday morning routine - wake at same time daily, take vitamins and have healthy morning smoothie/shake, morning yoga and light exercise, shower, brush teeth, make bed and clear desk.
Consistent weekday evening routine – stretch before bed, read something other than trading, occasionally watch TV, meditate, chill with housemates, eat dinner, glass of red wine, chat to friends.
Maintenance – cooking food, washing clothes etc.. going to the gym, buying food.
Social
Friday and Saturday nights out extreme socializing with new people and friends – goof around and have fun – guilt free play, clubbing, karaoke and paintballing etc...
Goal outside of trading in socializing - to take pimping to the next level – go hard or go home, no time for anything else.
------------------------------------------------------------------
Once I figure out what I have to do on the floor I’ll work toward establishing work routines that involve a lot of self-reflection and continual repetitive tasks. Such as having ‘report cards’ for certain trading behaviours I want to improve and going through past charts bar-by-bar, developing and backtesting whatever strategy I decide on.
Really itching to go - trying to find out a little about the fundamental relationships, I've created a Mindmap. See attached file.
If anyone has any pointers about the fundamental relationship driving oil calendar spreads it would be very appreciated.
Thanks
you should get "oils endless bid" by Dan Dicker. I really enjoyed this. His thesis is that the over the counter contracts mostly traded by the big houses like GS and MS are what is driving fundamentals higher. Mark Fisher a great oil trader seems to talk only about China they loom large in the oil world in terms of fundamental demand. Regarding spreads a calendar is either long or short vol no?
|
| |
|
Edit/Delete • Quote • Complain |
Wingz
Registered: Apr 2012
Posts: 23 |
05-10-12 07:39 PM
Quote from kinggyppo:
you should get "oils endless bid" by Dan Dicker. I really enjoyed this. His thesis is that the over the counter contracts mostly traded by the big houses like GS and MS are what is driving fundamentals higher. Mark Fisher a great oil trader seems to talk only about China they loom large in the oil world in terms of fundamental demand. Regarding spreads a calendar is either long or short vol no?
Thanks I'll check it out. I'll be doing calendar spreads over the futures markets - so wanting the spread between the contract prices to widen I'd go long Jan Crude and Short Feb Crude, i.e I want Jan to rise faster than Feb, or Feb to drop faster than Jan etc etc. It's the difference between the two contract prices.
When you say long or short 'vol' (volatility) are you talking about options? I don't really have any experience with options if that's the case.
|
| |
|
Edit/Delete • Quote • Complain |
the1
Registered: Feb 2009
Posts: 2328 |
05-10-12 07:43 PM
When I started trading with a Prop firm they started me scalping on the 5-year because it wasn't as volatile as other instruments. I think it was a good instrument to start with. Once I had success with that I moved on to other instruments but starting with the 5 is a good place to get going.
|
| |
|
Edit/Delete • Quote • Complain |
kinggyppo
Registered: May 2006
Posts: 5838 |
05-10-12 07:57 PM
Quote from Wingz:
Thanks I'll check it out. I'll be doing calendar spreads over the futures markets - so wanting the spread between the contract prices to widen I'd go long Jan Crude and Short Feb Crude, i.e I want Jan to rise faster than Feb, or Feb to drop faster than Jan etc etc. It's the difference between the two contract prices.
When you say long or short 'vol' (volatility) are you talking about options? I don't really have any experience with options if that's the case.
ok I see what you are saying, you are spreading. In options calendars you are selling short front month strike and buying the next month, so it a play on volatility. you may find this link useful, quasi related.
http://www.cboe.com/micro/oilvix/introduction.aspx
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
