FastTrader Futures-Trading Journal

Discussion in 'Journals' started by EMini-Player, Oct 10, 2003.

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  1. As if I didn't have enough $hit to deal with, my f'in Microsoft bluetooth mouse gives up on me this evening for some reason and I don't have any spare mouse so I'm mouse-less having to use my keyboard for everything. Man, I'm really realizing the value of my mouse now. It's such a PITA to use a PC without a Mouse. I just spent over an hour trying to fix this shit, but nope...still not working. Anyone here use Microsoft's bluetooth mouse and keyboard, or have any suggestions? The keyboard stopped working a couple of months ago so I just hooked up a normal wire keyboard, and the mouse gave up on me today. What a piece of shit!!

    I don't know if I'm gonna trade tomorrow. I might give it a shot, trading with my keyboard using Market orders to enter and exit. I don't know! :mad:

    -Fast :mad:
     
    #481     Jan 30, 2004
  2. No, actually dropping off my mum. Nice try, though... :D

    Jeez, I'll be happy to be fully on my own again. Several weeks visit from my mum was a heavy deal to cope... :p
     
    #482     Jan 30, 2004
  3. Somebody wrote a PM saying:
    LOL, you're taking me way too serious, I'm not offended! :D Perhaps I should use a smiley next time I reply...

    Regarding Niha etc... There is a major difference between the styles in which Niha and I trade. Niha does a lot of trading in "setups" that are recurrent in the way they appear in the market again and again. These setups, while highly effective, are very discretion-and-experience-sensitive, and the more people trade them, the more effective they actually become. So, one could say that by sharing this information, Niha first benefits from selling his information and then he benefits from having more people trade the setup. Niha will likely always get in first, or as one of the first, because he's the most experienced at them, and so the others will follow and reinforce it.

    Well, theoretically, anyway. Practically, the ES & NQ are so big that a few people like Niha and followers won't make the hare fat, either. There is massive liquidity on these futures, and that's another reason why it's much "easier" to share information on trading them than on a highly competitive, illiquid contract like DAX, which is what I'm doing.

    That's for starters. Now comes the difference between Niha's style and my style; I don't really use "setups" as such much anymore. I use systems based on HH/LL/HL/LH rules, ratios, time pivots, bar excursion and all kinds of things. While definitely executed "discretionarily", these are highly systematic approaches and execution and getting full fills is very critical, particularly with lower liquidity like on DAX. Not to mention my trades are mostly fades, which makes this even way more sensitive again! Even a single trader knowing about it all would definitely make a difference! So, even giving clues to this via things like snapshots would likely be more harm than good. I.e. I have nothing to gain and everything to lose. So?

    If you look around ET, you will find that in fact no serious systematic trader or fader will really share intricacies like that.

    Mind you though, if look around for traders that trade setups like Niha, or traders that just trade purely off-feel like Mark (velocity_trader), they will always be very helpful and willing to share on their respective field, not least since it's in their own best interest to add liquidity via doing so.

    That said though, I have shared $h*t-loads of stuff on this forum, anyway, and if you dig a bit, you'll see I've said a lot more than I should have many a time. :p

    I hope this clarifies things for others, too.

    Warmest Regards,
    Scientist.
     
    #483     Jan 30, 2004
  4. No trading today. Gonna pick up a new mouse this evening.

    -Fast
     
    #484     Jan 30, 2004
  5. FAST...... Heres my resume to be head trader at your LLC...

    3 R/T.. 10 ES a piece. 2pts each. :D
     
    #485     Jan 30, 2004
  6. LSU, damn good job man! You're a PRO! You have way more patience than I do. You hold your trades longer whereas I would take profits and try re-entering to maximize profits for that period of time. For example, this morning, you could have covered at 27 or 27.25; and then re-entered shorts at 30. But hey...whatever you do, it obviously works so keep at it! Maybe I'll catch you on AIM later tonight.

    -Fast
     
    #486     Jan 30, 2004
  7. LSU, you have any Long entries today or all shorts?

    -Fast
     
    #487     Jan 30, 2004
  8. Cant cover when my broker's platform is a blank screen! :mad:
     
    #488     Jan 30, 2004
  9. Oh man...what a piece of shit platform! What was this...the 5th time it happened this week. Check out MBTrading. It might be perfect for you since they let you trade stocks and options too, and have better commission than IB.

    http://www.mbtrading.com/newrates.asp

    Talk to Gus at MBTrading.

    -Fast
     
    #489     Jan 30, 2004
  10. nkhoi

    nkhoi

    you like living dangerously! :cool:
     
    #490     Jan 30, 2004
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