hehe, sabena, ambition is always good - i'm understanding the above as a joke -, and as i said before, i'm certainly wishing you well and looking forward to following your process... suggestion: if your ultimate goal is the largest market anyway, and as, apart from liquidity considerations, markets are markets, why not start out there from the outset, say at a reputable retail operation like oanda.com, and once you exceed their max position size move on to an institutional multibank platform like currenex, fxall or atriax or just some single bank dealing relationship? that would offer you the advantage of being able to start earlier with your operation as you wouldn't have to wait for adequate electronic s&p liquidity, no? cheers
Just playing with words Cesko. It's funny that there really is a secret (consistency) to the markets and few Know it. My angle is pure probabilities that exploit the short/med trending biases of the markets. I lose $2 and make $4 on average, thats my angle (a backwards slot machine).
Cesko, The only thing you will ever truly KNOW about the markets and trading, is that you will never truly KNOW... PEACE and good trading, Commisso PS; Sabena why dont you get the ball rolling and start posting some trades...
Come on TNTNeo, this is a hype thread to begin with isn't it? I want to take over the T-bill market someday, just need to build my accounts a little more.
I was bored so I summarized some of LW's statements. Simply astounding inter-month volatility! I wonder what his risk of ruin % would be. Trading 1 car per $1K I wonder what the ROR comes out as. Larry Williams 1987 trading record: Code: Acct Cars Cars Closed PL DD% Closed Value TBond S&P Jan 579 0.0% 15,579 15,579 5 6 Feb 29,703 0.0% 45,283 45,283 15 22 Mar 165,465 0.0% 200,748 200,748 50 45 Apr 671,260 0.0% 872,008 872,008 105 55 May -500,017 -57% 371,991 371,991 130 100 Jun 322,881 0.0% 684,872 684,872 145 55 Jul -322,302 -47% 372,569 372,569 237 50 Aug 667,917 0.0% 1,040,486 1,040,486 200 25 Sep 1,002,480 0.0% 2,042,967 2,042,967 430 90 Oct -440,562 -22% 1,566,729 1,582,404 400 20 Nov -314,423 -20% 1,224,950 1,187,950 336 4 Dec -26,356 -2% 1,147,607 1,162,232 300 16
That's the kind of volatility I will try to avoid... I will try to approach the ideal, meaning to get over to 11000% approaching as much as possible the straight line from 0% to 11000 % It's more about how you get there then how much you make....