7 replies to this topic

[traderpaul]

Read my signature

[maineman]

I once ran a futures and options trading service/advisory and listed all trades. After several years I quit, because in spite of extensive teaching (the newsletter came with a full course to start) and specific ideas, subscribers lost money by NOT following the trades and the rules. They'd enter too soon or exit too early, or skip trades, etc. Broke my heart, didn't have the moxie to to keep it going. On a trader's forum like this it's okay to list your trades. It's also okay not to. Whatever works. My personal wish has always been that people who share ideas provide data to back up those ideas (unlike simple statements like "crash" or "sell" without charts/data). Some traders make multiple trades every day. Some of my ES trades are done using a timer... in... timer... profit or exit and on to the next trade. These are based off the NYSE Tick. By the time my buzzer goes off that my TICK target has been reached, I've got seconds to computer-entry my trade, and set my stops, my exit points and re-set my timer. No time to post a trade. I guess I could post my OEX options trades, as some of those last ovenight or a few days, but would that really be helpful for anybody? If so, let me know. I personally have several types of trade I use. The type depends on market conditions, VIX, and my own head. If I'm busy or stressed, I don't do any trades. If I'm kind of busy I don't do my TICK trades because I can't stay glued to the screen. On an "INvestors" board I guess folks might list their long term holdings, but is that helpful? Is any of this relevant to what your post intended, by the way? mm

[pabletto]

Read my signature

Enrico Cuccia
Mediobanca

[Sentient Being]

It's not that not showing my trades makes me no good. I'm no good so I don't show my trade! It doesn't affect me one way or the other. If I traded for a living or were a very good trader or someone with a really lousy self image I might have trade posting issues. I'm up over 9% at the stop in my QQQQ trade and darn proud of it. I'm not so proud of all those losing trades I have this year. I still haven't found my "edge".

[HoseB]

"... I still haven't found my "edge".

I've been trading a long time and don't have an edge. Years ago I had one... arbing international mutual funds, but the regulators stopped that.

The only real edges today* are (1) Front running, and (2) insider info, and (3) arbing wide/narrow spreads.. First 2 are illegal, the other is for small $$ per trade and way more hassle than most of us find worth the effort.

The concept of market "edge" is more myth than fact, IMO.

* a pit local might be able to step in front of an observed blizzard of paper.. ??

[mss]

I once ran a futures and options trading service/advisory and listed all trades. After several years I quit,....

I thought you were a DR. of some sort.
mss

[danzman]

"... I still haven't found my "edge".

I've been trading a long time and don't have an edge. Years ago I had one... arbing international mutual funds, but the regulators stopped that.

The only real edges today* are (1) Front running, and (2) insider info, and (3) arbing wide/narrow spreads.. First 2 are illegal, the other is for small $$ per trade and way more hassle than most of us find worth the effort.

The concept of market "edge" is more myth than fact, IMO.

* a pit local might be able to step in front of an observed blizzard of paper.. ??

Ummm....no. There are many edges in the market because investors behave irrationally. If you test a lot of possibilities, it's easy to find an edge. What's difficult for most is trading the system like a robot -- if you don't then you lose.

Want to see a lot of mechanical systems (and some discretionary) in action?

go here: http://www.collective2.com

D

[selecto]

The fact that you believe your own bullsh*t enough to bet on it, doesn't make the analysis any better.