Cash & Carry (Standard)

Discussion in 'Journals' started by ElectricSavant, Dec 10, 2005.

  1. I'm sorry, I meant to post the above in your other basket thread.
     
    #61     Dec 20, 2005
  2. wwx

    wwx

    ES:

    A small token of appreciation from an ET reader who finds your various carry trade journals very informative and educational.

    Given the changes in the currency landscape in the last few months, would you care to update the performance reports of your carry baskets when you've a spare moment?

    Thanks!
     
    #62     Apr 30, 2006
  3. Hello wwx..

    Thank you for the most warm greeting.

    I have stumbled across a scalping/arbing strategy that makes about 10% per month, so I switched to it for at least.... this year.

    As you know the "carry trade" landscape is a rough one and the baskets had to all be exited at their uncle points.

    Fortunatley I escaped with minimal losses, but wasted much time. I will return to the carry when the climate improves. I have a private carry strategy that did survive this storm however, so do not give up hope in the PICS methodology.

    The scalping strategy is not public and only traded through managed accounts. You can PM me privatley about this if you wish.

    I had to decide if I were to remain in the "carry" and ride out the storm or take on this new scalping strategy, which is very labor intensive. I choose to scalp and have devised 4 hour shifts Sunday evening through Thursday with occasional Friday's, to trade between Wifey and I, as I do not want to share the strategy outside. She actually bagged a 1% scalp two weeks ago and has picked up the strategy nicely. She is an experienced trader with many years experience too.

    Below is our spreadsheet for April in which she traded only half of the month. In the beginning it was only me, but I started hallucinating from sleep deprivation.

    Michael B.
     
    #63     Apr 30, 2006
  4. parisd

    parisd

    Electricsavant,

    What made the cash & carry method become rough this year ?

    Denis

     
    #64     May 27, 2006
  5. The NZD


     
    #65     May 27, 2006
  6. This article might be of interest to some.

    - Spydertrader
     
    #66     May 30, 2006
  7. parisd

    parisd

    Interesting but does not cover how to maintain the account neutral in US, if not neutral, little chance that the interest collected will cover the potential lose of being leveraged on one side of a trade

     
    #67     May 30, 2006
  8. trohab

    trohab

    Michael B.,

    are you still in Cash & Carry strategy? If so, what have you discovered more.
     
    #68     Jul 16, 2006
  9. When the NZD became nasty I bailed...

    I am now trading entirely different. But I am using some things that I learned from Cash & Carry (Standard) such as correlation studies. I am still fixated on bridling drawdown and then ramping up yield...but drawdown always comes first. My current trading is not published other than the results.

    I am trading my own money and expect to make 3-7% per month.

    I post frequenty in "the Perfect Edge" thread and "This sucks" threads. There are 20,000 views in one of those threads.

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=64289

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=68318

    I have blog too:

    www.ElectricSavant.com/WordPress

    Michael B.

    P.S. My decision to go flat in Cash & Carry (Standard) does not mean that it is invalid. I believe there are a few traders that weathered the storm and "carried-on".


     
    #69     Jul 16, 2006
  10. parisd

    parisd

    Hi Michael,

    Long time read you on elitetrader, your PM is off.

    I still beleive Cash & Carry (Standard) is a good thing, may be with less currencies pairs and with weekly or even daily adjustment of pairs weight to maintain the portfolio neutral in $. This way it should bring steady interest at very low risk, unfortunately I am still unable to built a systematic approach and to back test it.

    Good continuation with your new trading

    Denis

     
    #70     Jul 16, 2006