Traders' Roundtable

Mike 168, For a start take a look at http://www.pinnacledata.com./clc.html. Its a good starting point and the dates are designed to avoid the "nasties" - termination of trading, first notice days etc. Without exception all these dates are based on trading front months rather than anything ...

I have tested for fixed dates quite a lot in the past. It would have been absolutely no d**n problem for me what method the broker chose - he suggested OI, not me. I was relying on his diligence and expertise to keep me out of trouble. In my case I have been able to satisfy myself that in the longer...

There is a good case for a group of like-minded traders to get together and to operate a totally independent private forum for systems traders where full and frank discussions can occur without embarrassing our host. We have already seen how "he who must not been named" prevented the free ...

On another thread I warned of the frustrations of using a systems assist broker. http://www.tradingblox.com/forum/viewtopic.php?t=3037&highlight= As a result of my robobroker entering all contract months into CSI UA for Crude (instead of HMUZ as instructed) a false signal was taken. A loss was o...

Barley
Take a look at www.manprofutures.com and ask them for a quote.
A

Walker's way is what I assumed would be done. Walker's way is the way I tested and I was indeed aware that every roll would therefore be done one day "late". I absolutley agree with Walker. The difference is probably one of analyst and broker. An analyst spends many hours working with the ...

I had hitherto made an assumption about how a systems assist broker handles rolls on Open Interest. I had assumed that when a broker rolled, he waited for a signal from CSI and looked at CSI UA to see which contract he should roll into. Certainly, the Order Generation facility of TB will follow CSI ...

For one thing you are drastically over paying. I imagine that is not net either.

I don't trade it.

But my comments above came home to roost when I discovered a stop had not been entered when it could/should have been 3 trading days ago.. It has now been entered but for the wrong number of contracts.

It does make me wonder...............

My big "aha" moment on contango/backwardation came when studying concatenated contracts and discovering why markets such as Crude produced a back adjusted contract that goes negative over time.

I think it is Ed Seykota who is fond of pointing out the advantages of having invested $1 at a compound rate of interest at the birth date of Christ over 2000 years ago.

Thank you, yes, I had realised that you can not lose more than your outlay when you buy rather than sell options. I realise too of course that you can still lose all your trading capital very quickly. Or indeed double it very quickly if all goes well. The "quants" at the hedge funds write ...

Here is another taste of how these syndicates tended to operate. Whether you would call this gearing, leverage, borrowing - I don't know. Many of the early operators in the US started 25 years ago on a shoestring. They would deposit $20,000 (or some small amount) with a broker who would settle their...

James Bond agreed to buy USD 5,000,000 worth of stock when his net worth was a small fraction of that. As financiers, in the normal course of events, we would have lent the amount to take the stock............had he been authorised to take the trade. It is not unlike a futures trader who has $100,00...

Actually, while I'm at it I'll give you a real life example of the dangers of gearing and over enthusiasm. In the 90’s I ran (with some colleagues) around 20 traders whose job it was to hoover up deals of all shapes and sizes. We played junk bonds, sovereign debt, convertible bonds, equities from ...

Yes, yes, I shouldn't have been mean. But look my friend, there are quite a few of us on this forum who have been speculating in financial markets for a long time. And gearing is something we have all used for many, many years in differing ways and which we all realise is a double edged sword. The r...

Tee hee, yes indeed. Bruce Kovner's Caxton is up 12% this year and Moore Global/Fixed Income 5% each. And I was quite pleased with that.

That'll teach me to do my homework.

c.f.' post is helpful. I could not fathom the intent either and as to the complexity of the chart ............... Perhaps it was the enormity of the chart which made me think a sales pitch was coming. Not to be rude, but I did find the post a little garbled and confusing and thus passed on, tossing ...

Another little point which occurs on crunching dull detail by dull detail through my settings and my broker's. Your backtesting software updates your stops every single day. That is what your backtesting results are based on. You discover: A) your broker does not update stops EVERY day and B) in som...

Ah, good man. Thank god for that, and welcome. Switzerland is just fabulous: the mountain flowers are out in the meadows and snow is still adorning the mountain tops. Hardy youths are still putting on their skins and shinning up to the peaks and skiing down again. Sadly I'm not among them........mus...