What products do you trade ?

ammo · Jan 27, 2012

http://www.youtube.com/watch?v=UgcxGFmYyPs

Quote from bwolinsky:

Whatever, bhardy. If you're around the incessant negativity on elitetrader for a long time, you'll see it's not so unusual to read or write comments like that, especially if you've undergone space euphoria you typically notice in masters of the universe who've reached so many people online or from television appearances that the feedback you can get and I do get from posting really does eventually give you a physical manifestation similar to feeling like an omniscient god.

There are a lot more haters on this forum than well-wishers. Thinking I take comments personally or that they effect my trading isn't true, because I've developed quantitative rules just so I don't have to deal with emotional issues when I'm trading.

Having plans to make a billion dollars is much different than wishing you could make a billion dollars. I would rather pursue that than waste time at dead-end jobs that block any advancement out of petty seniority than merit based performance.

Generally whenever I hear these criticisms I'm usually thinking they don't understand what it's like to have plans for enterprise like that. It's much different having the plans and implementing them, than wishing for money without work.

This is work. Trading's work, and if you don't put in screen time and coding it'll never work out for you.

I put the time in you need, have 3 systems, and that's all I need because they are extremely scalable.
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http://www.youtube.com/watch?v=UgcxGFmYyPs ... you need to untrain your ego since it is holding on so tightly,then let it go,do the schultz mantra every morning

bwolinsky · Jan 27, 2012

Quote from bhardy307:

Beau, you have bought into a system that promises you big bucks. In exchange, you are required to pay a high fee to get the full benefit of that system. You are attempting to use your simple minor in math to argue that you are an expert. Where I come from, an economics degree precludes a minor in math. In other words, the math you get in your economics is equal or greater than that minor in math. So, I am honestly not very impressed with your supposed math skills. Honestly, I think I have more math than you by ALOT! So please, cut this big shot crap.

A person who has a billion dollar system shouldn't need to sell his system to other people, like you. He should need only to make the money and walk away. If he is doing this selling to generate capital, then there is little guarentee his system actually works with large sums of money. In fact, he would be better off to simply be patient and allow his system to work, compouding the equity he currently has over a period of a couple of years.

Do you realize that a system that generates several million out of only $30,000, takes only slight longer if you are starting with only $300? I too can create several million in a few years if I compound at a rate of 1%/day. How hard is it to generate $3/day on that $300 with XAU/USD. Actually, it is VERY VERY VERY easy. I keep getting nailed by my own impatience and greed!!! I want more, more quickly!
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Greed is right.

Making scalable plans isn't so easy. You wouldn't even be able to buy a futures contract with $300 so that's not what I mean when I put that figure out there. You need at least as much as $25,000 to be able to trade with the method I have, and you thinking your econ is superior to my math skills and financial economics degree is not true.

I can show you my equity curves of all of my systems, and even though I know those aren't as convincing as third party verified track records, I am just starting. My CTA is less than 3 months old trading prop for itself. My covestor model is the only other thing that if you were to assume I'm a fool, you're mistaken because everyone will lose trading 3x instruments if they aren't using pairs trading methods.

SimpleTrades · Jan 27, 2012

Quote from bwolinsky:

Greed is right.

Making scalable plans isn't so easy. You wouldn't even be able to buy a futures contract with $300 so that's not what I mean when I put that figure out there. You need at least as much as $25,000 to be able to trade with the method I have, and you thinking your econ is superior to my math skills and financial economics degree is not true.

I can show you my equity curves of all of my systems, and even though I know those aren't as convincing as third party verified track records, I am just starting. My CTA is less than 3 months old trading prop for itself. My covestor model is the only other thing that if you were to assume I'm a fool, you're mistaken because everyone will lose trading 3x instruments if they aren't using pairs trading methods.
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I don't have an econ degree. I have a B. Math in Computer Math. I used the ECON degree just to make the point that your basic degree should have precluded the minor in math.

By the way, I have taken all the abstract math and advanced differential equations courses that you claimed you didn't take.

I know the difference between probability and statistics courses taken in a pure math degree and a finance based degree. Do you?

atticus · Jan 27, 2012

Let's not stray too far OT here. Obviously you cannot expect any publicly offered trading system to forward-test profitably. Beau was duped, but relished being so. That's why he's such a fun target.

We can always revive those old threads.

SimpleTrades · Jan 27, 2012

Quote from atticus:

Let's not stray too far OT here. Obviously you cannot expect any publicly offered trading system to forward-test profitably. Beau was duped, but relished being so. That's why he's such a fun target.

We can always revive those old threads.
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Sorry, but I'm targeting the twit who attacked the OP.

"Why am I the only one that actually answered the question specifically?
Forex is dumb trading entertainment for inexperienced noobs," sais Beau

However, you're right, Atticus.

bc1 · Jan 27, 2012

I forgot about the stock exchange. KCSE. I assume it stands for Kansas City Stock Exchange even though Bwol lives in Kentucky. Just wondering how many companies does it have listed, where can we see the ticker, and who sweeps the floors & cleans the toilets at this stock exchange?

atticus · Jan 27, 2012

Quote from bhardy307:

Sorry, but I'm targeting the twit who attacked the OP.

"Why am I the only one that actually answered the question specifically?
Forex is dumb trading entertainment for inexperienced noobs," sais Beau

However, you're right, Atticus.
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I traded interbank FX for >2Y in the nineties and it was the most difficult period in terms of lifestyle.

However, a really uninformed comment considering that FX MMing (as distinct from FICC prop-trading) has been a profit-center for money center banks for many years.

Perhaps Beau hasn't heard of Quantum, Duquesne, Caxton and FX Concepts

frostydc4 · Jan 27, 2012

I usually trade /ES, /NQ, /6E, /CL, /ZN (I loved this during last summer/fall), and eur/usd. Now with the vix at the lows I have been primairly trading eur/usd and have been laughing my ass off selling spy credit spreads .

SimpleTrades · Jan 27, 2012

Quote from atticus:

I traded interbank FX for >2Y in the nineties and it was the most difficult period in terms of lifestyle.

However, a really uninformed comment considering that FX MMing (as distinct from FICC prop-trading) has been a profit-center for money center banks for many years.

Perhaps Beau hasn't heard of Quantum, Duquesne, Caxton and FX Concepts
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I really enjoy the simplicity of what I am trading right now. Whether or not you want to call FXCM a "bucket shop" doesn't negate the fact that the whole package: trading, charting and coding, is self-contained. For now, I enjoy the exercise of simply focusing on a single product: XAU/USD.

Maybe Beau is right. This is for newbies. If so, so be it. I am a newbie who has a very straight forward, self-contained, inexpensive package to learn with. I don't need to spend any money on software and data charges. When you are first getting started, this is a perfect way to learn. My attention is focused exclusively on learning how to trade without any other distraction ( actually ET is BIG distraction )

When I am ready, I can move to a more advanced setup. I honestly believe that this is a classic mistake of losing traders. They spend a pile of money trying to create a perfect setup while avoiding the more important process of learning how to trade.

When I do get good at this in a couple of years or so, I would enjoy working again for a prop firm that supports forex. Actually, I am rather interested in this company: 4XPROP.

bwolinsky · Jan 27, 2012

Quote from bc1:

I forgot about the stock exchange. KCSE. I assume it stands for Kansas City Stock Exchange even though Bwol lives in Kentucky. Just wondering how many companies does it have listed, where can we see the ticker, and who sweeps the floors & cleans the toilets at this stock exchange?
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It exists as a technical document I'll put on a cloud. KCSE is incorporated in Delaware. I'm working to form investment banking syndicates with issuers in need of liquidity.

Since it exists as a cloud, nobody need to sweep floors, clean toilets, or even worry about lending money to finance construction of a trading floor.

Once my IA and CTA is approved, I'm going to try to do some investment banking to handle reg d's and S1's and re-listing of several companies. I do not have funding for this at the moment, but it will happen, and won't require specialists or market makers since it's not intended for HFT, but relies on a revolutionary new process of price discovery called reverse silent double dutch auctions.