Search found 33 matches

by Ghostrider
Thu Mar 24, 2005 5:03 pm
Forum: Market Psychology
Topic: Are Stock Indices Different?
Replies: 12
Views: 21516

My system works well on equity indices as well as commodities and other futures, and I'm fairly long-term (in my opinion). I trade each market 0 to 5 times a year, 5 being on the high side (whipped), the average is 1 trade per year.
GR
:P
by Ghostrider
Thu Mar 24, 2005 4:52 pm
Forum: Trader Psychology
Topic: Overcoming bad habits acquired from day trading
Replies: 17
Views: 19231

Nice post Jim. This was a tough change for me, too. For me, it was all about the system. My trading system resembles me, in a way it's who I am, the risks associated with it, the frequency of trades, the time in a drawdown, the compounded growth rates, the number of rules (someone could wake me up f...
by Ghostrider
Thu Mar 24, 2005 4:11 pm
Forum: Forex
Topic: FX System
Replies: 6
Views: 12949

I agree with the last post. I don't know how to give feedback when I don't know what the system is. Maybe it's me, but I have absolutely no idea (not even a clue) of how this system works or what the system is or if it even is a system. I see words like type 2 or type 3 trade, 8 minute charts and bu...
by Ghostrider
Tue Feb 22, 2005 10:53 am
Forum: Brokers
Topic: requirements to become a floor broker
Replies: 5
Views: 7644

Yes, you need money (the more the better), a couple of buddies on the floor (i.e.members) to sign off on your app, and a clean record, then, once you're cleared, you take a test to confirm you understand open outcry and I think that's it (clearing membership aside). Its been 10+ years for me, but th...
by Ghostrider
Mon Jan 17, 2005 12:14 pm
Forum: Data Providers and other non testing software
Topic: Real Time charts, any advice?
Replies: 9
Views: 8314

Reuters is the best data I've seen along with news. Its been a few years since I've been on a desk; Reuters was the norm at that time. Bloomberg is popular with fixed income people.

:P
by Ghostrider
Mon Jan 03, 2005 2:50 pm
Forum: Brokers
Topic: Stop Order Acceptance
Replies: 17
Views: 15154

Hi Tim, As usual I'm confused. Maybe, it because I don't have the full picture, so I'll guess about the situation. In your example: If you're long at 106-00 and you want to stop out at 105.-26. You get long at 106-00 then once you get your fill you give your sell stop 105-26 GTC.....no problem. I am...
by Ghostrider
Sun Jan 02, 2005 1:44 am
Forum: Money Management
Topic: Comments on My Money Management Algorithm?
Replies: 4
Views: 8926

This is one of those amazing strings. I read a few posts and I couldn't take it anymore, so here's my comment. If I was seekinga review of my money management, I'd explain it, then compare the test results to say fixed fractional and maybe % ratio, and if the test results of the new money management...
by Ghostrider
Sat Jan 01, 2005 12:28 am
Forum: Forex
Topic: Backtesting and Accounting for Carry
Replies: 17
Views: 20366

Nice point, and good question.
My tests show that price breaks usually preceed carry. The trick is to watch when the institutions pile into the carry trade, they are the ones that really push the move.

:P
by Ghostrider
Thu Dec 30, 2004 3:23 pm
Forum: Brokers
Topic: Stop Order Acceptance
Replies: 17
Views: 15154

Brokers and floor clerks are very particular about order titles. By your description of this user it sounds like he/she doesn't understand the execution process very well, nor do they understand the difference between a stop loss and a sell stop. Moreover, it sounds like they waited to enter the sto...
by Ghostrider
Wed Dec 29, 2004 9:51 pm
Forum: Forex
Topic: Backtesting and Accounting for Carry
Replies: 17
Views: 20366

Carry is important, but is not more important than being long/short the strongest/weakest horse out of the gate. I find many times the large carry trade agrees with the best trade.

:P
by Ghostrider
Wed Dec 29, 2004 9:48 pm
Forum: Futures Markets
Topic: spread btwn cash and far out month 07
Replies: 2
Views: 2950

TC - I agree with the statement. Spot gets crushed in the near term (no JIT inventory issues), and the dec 07 CL doesn't get as crushed........ There's still a LT play in the distant futures, makes sense to me, lot more uncertainty in the non existant future. If you want more, check out global CL su...
by Ghostrider
Sat Dec 04, 2004 9:57 pm
Forum: Futures Markets
Topic: The season of giving
Replies: 1
Views: 2615

Well, kind of, but not really.
When an exchange opens a new pit, they sometimes pay locals to hang out in them and trade....

:P

I wonder if NYMEX/COMEX members think the CME has holiday spirit?

See you on the 16th, Edward!
by Ghostrider
Tue Nov 16, 2004 2:16 am
Forum: Trend Indicators and Signals
Topic: stalking the first big trend when starting out
Replies: 11
Views: 12403

Leo,
Wonderful post!

:P
by Ghostrider
Wed Oct 27, 2004 1:23 pm
Forum: Trader Psychology
Topic: Are You Suited to Trend Following
Replies: 42
Views: 58590

Okay, another interesting topic.
This is great! A laugh out loud for me, thanks for the entertainment.
I don't see how a persons food desires or rollercoaster rides relate to their ability to trading trends succesfully, but hey, he is a doctor, or is his first name doctor?

:P
by Ghostrider
Tue Oct 26, 2004 12:49 pm
Forum: Futures Markets
Topic: A swan strikes
Replies: 15
Views: 11222

Good Job!

YES!!

:P
by Ghostrider
Tue Oct 26, 2004 12:33 pm
Forum: Futures Markets
Topic: A swan strikes
Replies: 15
Views: 11222

whipped

Hi Jake, Someone says in this string, "I don't call this a black swan day.", and I agree. I think the issue here is NOT how do you build rules around funny-mental release dates, it's about following your system when you get whipped... Kind of sounds like .......... Hotseat! What's the feeling? You k...
by Ghostrider
Tue Oct 12, 2004 11:00 am
Forum: Futures Markets
Topic: share your most hair-raising pit trading stories
Replies: 2
Views: 3353

NY

I'm a NY boy. COMEX/NYMEX trading. I love open outcry, it's drama! Tough place to trade for me personally. My only observation is to trade directly with the floor, don't use some dopy broker who calls down to the floor. Do it yourself!!

:P
by Ghostrider
Thu Sep 23, 2004 2:16 pm
Forum: Testing Software
Topic: VT, TR, WLD, AmiBroker Which one for me?
Replies: 17
Views: 13846

code

Forum Mgmnt,
I own a copy of V-trader, and it has its merits, thank you for creating it. My question now is, will you disclose the C++ code for anything in it?

:P
by Ghostrider
Fri Sep 17, 2004 1:48 pm
Forum: Money Management
Topic: Black Swans
Replies: 14
Views: 11449

Re: Black Swan

On a jovial note... One good way to avoid Black Swan events is to see them coming ahead of time and get out of the market. Would you explain how you see Black Swan events ahead of time? :P The page 16 articles that are on their way to migrating to page 1 ;) I have no idea what you just wrote.
by Ghostrider
Wed Sep 15, 2004 12:01 pm
Forum: Money Management
Topic: Black Swans
Replies: 14
Views: 11449

Re: Black Swan

shakyamuni wrote:On a jovial note...

One good way to avoid Black Swan events is to see them coming ahead of time and get out of the market.

Would you explain how you see Black Swan events ahead of time?

:P