I'm going to post the monthly levels for some of the bigger names. JPM 32.87 MS 16.22 BAC 6.10 C 29.37 GS 101. 46 C, MS and JPM above their monthly A ups already.
Maverick, its obvious that to trade anything, its better to watch correlated markets and you do watch a lot of stuff. But how many stocks, futures, fx do you actually trade everyday ? Just curious.
Thanks, yes that is a manageable number definitely. but do you normally have positions in more than 20 or 30 instruments in a day also? That will be a little bit tough to monitor and manage, No ?
There are not that many signals. I prefer to be in the strongest and weakest products. If 5 risk assets are breaking out, why do I need to be in all 5 of them when one of them is probably stronger then all the others.
Correct, especially with such high correlations over the last 3 yrs. Reason why i asked above is that I can perfectly see you trading 100 different names everyday as an options trader, with a complicated spreadsheet setup and a model to hedge your Greeks during the day. Because, your actions during the day are being driven by the model. However, trading multiple names (>20) in a day using ACD framework in a discretionary fashion, where a trader needs to make multiple decisions must be a different ballgame altogether. Unless you have got your ACD methodology completely worked out (as precise as the B-S methodology and contemporary vol modelling) and coded up using simple formulas in excel.
If I had the resources, I could put on 100's of trades a day. That's a different game though. I'm trying to be more focused.