Jack, Thank you for taking the time out to read my few lonely paragraphs so far. You're honored all the same... I didn't feel like reading the rest of that thread I referred to before. So I hope you hadn't taken offense in me referencing it. Although you may be misconstrued in what you're referring to here... I'd have to agree that alot of those types of operations are running prepackaged bots and algo's. Many funds and the like actually are only interested in the way they diversify the money across accounts and the position sizing they should be using to accrue the very best results... The one's I'm refering to as "his biggest meal tickets" are definetley running proprietary algorithms... Considering he only clears their trades he has one responsibility... To ensure his clients are getting the very best of services he can offer them... So when a grain exchange doesn't have all the liquidity problems that other firms are having, because most of their clients are hedging and not trading... He decided to jump ship and make sure he's taking care of the people that have helped him get as far as he has come... Believe me, when you live in Beverley Hills and you're really into the fluff of L.A. you'd want to keep your high profile position....but some things are more important when your name is branded on them....
For the humor of it, branding goes both ways. Doing 100% take aways for 25 years seems to create a trending in movement of the decimal point. At 10 zeros there just isn't any understanding at all. The slow lane, banks and not individuals or LC.s, are best fed the packages they want instead of their being shopped bundles that are corny and deceptive. Cherry creek and SF were popular packagingpplaces then. some country banks cheat, but inspectors put them on leashes (six or 7 digit personal guarantees) once they faked my signature. KC and Omaha are different although they have the same private jet preferences. I can still remember its 142 minutes by Lear from KC to ABE. lol... I always liked the right seat in those days. KC to Omaha was two donuts and one coffee. Stained oak was the rage in the Omaha primo shops. And the bigboy articulated that used to go over the Rockies puffed 24/7 in those days. Precision??
Interesting... Precision is the name of the Journal by my choosing....Again, this will be about trading when we surpass the trivialties. Although I felt it necessary to give some sort of history before I begin. So others might understand where I'm coming from... It won't always be about trading, because this is my journal, but I won't let it be the kind of thing you read and fall asleep to at the same time. Or have to reread sentences that weren't meant to be understood...
This morning I woke up.... and my fiance said she dreamed she had my baby...We were laying in bed still... With the California sun glistening and the windows open. From my new apartment off Wilshire...One of those cinematic moments... A little girl she said, that looked like her...Which is probably her way of telling me something, but I don't doubt she actually dreamed it... I noticed, over the years, that after you achieved certain things...the smalll ones are all that matter.... I've always done my best, when the most pressure is on, in all things I do. Especially when it came down to making someone you care about proud of you...having someone who depends on you...proving others wrong etc... Greed works sometime...but in the long run I believe you have to have a more centralized reason for doing this...Even if it's to sit upon your throne...Afterall, more than 50% of this is psychology...I'll leave it there for now and give some food for thought....typing from my iPhone anyhow...But trading is about to start....
Good choice - I just downloaded Ignition last week after being disappointed with Jaadu. Best wishes with the journal PreCap.
Thank you as well...know that you're welcome here anytime... I had been using logmein since I started trading from servers, instead of desktops...I tried some other vpn's, but I always liked it better.... If you're into that kind of thing go to gogrid.com. I use them for server expansion. Some of the things I do now wouldn't be possible otherwise... I'd probably mention them at some point or another. You'll really like it if you pay for servers every month.
Trading When I first started trading I was lucky enough to have been given a gray box system, from a friend of the guy who got me started in the business...I'll call him VP to avoid calling him "the guy" again... Vp's friend was leasing the system for a thousand a month. So I figured it had to be worth something...It made a little over 60% ROI a year, and it was completely automated... All the same, it got me started. It's what I first used to introduce clients to my services. Also making me a success from the very start. What was interesting about it was that it had signals for all the usual time frames 1,5,10, hourly,daily etc... and currency pairs... and you would use it to determine good points to get into the underlying trend...So a typical user would see that the longer term time frames were trending in the same direction and one of the shorter ones weren't. So you would wait for the shorter term time frames signal to go in tune with all the longer term time frames. Which is the methodology many good systems use. You could use it to trade in other styles too, but it's what they taught, in the online training, to program into your BASIC script editor.
Although having a winning system didn't stop me from wanting to know how to make my own... It's a pretty lonely place when you first start this and don't really have anyone to tell you what to do. The only advice I got from VP at the time was that I should read the book Market Makers and Trading the Foreign Exchange Market by Cornelius Luca. With the latter of the two being the one all V.P.'s have setting on their desks supposedley... I remember spending countless hours on the computer trying to figure out how to do this. I would search through different forums, read various articles, read books, stare at charts etc... After a while I bumped into a forum thread of a bunch of PHD's talking about what they were using to trade... They kept spewing out things like Cantor's ring theory, along with a bunch of other things... Only one really caught my attention. When they said it was a similar algorithm to how scientist predict the fast folding of chromosomes to find cures for diseases... It was called Hermetian Hollomorphic Deligne Cohomology. With the overall Homotopy and Cohomotopy being the most important thing.... I remember looking back a day or two later to see if I could find the thread and it disappeared... So I felt lucky enough to have taken that information with me... Now this was before I ever learned data modeling in school. So it was a piece of a puzzle that had alluded me until then. If you look it up on the internet you'll find some papers about it unrelated to trading but the pricinciples are the same... You'll probably need a mathematical/physics background to really grasp the material, or have Wikipedia in one of your browser tabs to even understand the first few sentences. Although I'm going to describe the process and the general idea here in the coming paragraphs... Before I go on, know that this modeling technique still requires a trading methodology to make it work. You'll have to choose that for yourself. Also, I don't believe in predicting markets...So the other tools I use to go along with this... neural nets, genetic algorithms etc... are only being used to control things as they happen...not predict... Getting tired of typing now...So I'll be back a little later