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zdo
Market Wizard-
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Everything posted by zdo
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Difficult Markets Produce Fine Results – Part 1
zdo replied to analyst75's topic in Trading Psychology
Great post A75 ! thx Your insights into trading teachers and students meshes with things I’ve posted over the years here in TL. I will emphasize (again) that traders should only seek a teacher, coach, or mentor after they are ready - not before. I will also add (again) that teacher, coach, and mentor are distinct specialties and it is very rare that an individual can provide services in more than one of those specialties. Btw, Caleb also sounds like a perfect example of ‘find your own way’ which I’ve also banged on over and over in here. The only place where I disagree with you is re: “Trading mastery isn’t beyond your ken”. Trading mastery is actually beyond the ‘ken’ of all but a few. Re: #'s4,5,6 above - I’m back home for a couple days. Came into the office for a few minutes today to 1 check and move stops, 2 take some losses (no 6’s at this time) ‘manually’/early, and 3 adjust some sizes (simultaneous with a bit of rollover) for all my discretionary longer holding period trades ... -
I'm here for about an hour... this is what YOU get :rofl: Of Two Minds - The Structure of Collapse: 2016-2019 luv, zdo
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Very very generally - A large percentage (~80% ?) of institutional traders are bound in the instruments they can trade and have ‘someone’ they call every morning for daily guidance. For example, every institutional bond trader I’ve gotten to know has a ‘friend’ ( in Chicago or the Caymans or wherever) that they raise on the phone before acting. Individual traders ‘copy’ that by using advisory services. Only a tiny percentage (~1-3% ? ) discover and create opportunities on their own. Individual traders ‘copy’ that by discovering and creating opportunities on their own... well duh In the middle is that remaining percentage whose direction is set by management and they bring a competency at the level of portfolio management. Individual traders can ‘copy’ that by emphasizing portfolio structure and composition and sizing instead of focusing on trade selection... At any level of trading, the narrative reasons given are rarely the actual reasons for trades taken. ... What an 'institutional' trader tells his immediate supervision depends on their informal relationship... and what an 'institutional' trader tells higher mgmt. is likely different from what he tells his immediate supervision After a couple of years, they can "use" any method they want as long as they are in the black. Actually, they can use "use" any method they want even if they are in the red - just not for too long with the original firm ... Some do. Some don't. Halfway through most any book you get on the subject you’ll probably realize you and the author were not sharing a common meaning for the term ‘institutional trader’ ... Q: How do you think the unthinkable? A: With an itheberg.
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Mits, "The further a society drifts from truth the more it will hate those that speak it." George Orwell in other words - You are fkn despicable :rofl: zdo
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The Global Monetary System Has Devalued 47% Over The Last 10 Years | Zero Hedge :missy:
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Generally, if "a" / one client asks for delivery he can take it - for extra 'fees'. London will mostly make him pay extra pounds. NY will mostly make him jump through extra hoops. Other (emerging) PM exchanges are better but anywhere you go delays and jack arounds will be omnipresent. Whole different story if "a" clients becomes thousands...
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SILVER, Welcome back. wtf you been? re: As I’ve been chirping off topic for literally years now - this is a dollar thread. Most are not interested in bullion / taking delivery. They are trading paper from the git go. Nothing wrong with that. TL has built up 230 some pages of mostly ‘technical’ opinions about doing just that. (Things do start getting shaky when ‘valuation’ considerations are thrown into the mix - mostly because conventional ‘supply and demand’ analysis is thrown at PM’s but actually SD doesn’t work the same in hoarded commodities, etc.etc.) (Regarding the pricing mechs discussed in the last few posts, the series of ‘campaign’ engineered in PM’s rivals that of penny stocks. So, imo, it is better to acknowledge this ‘corruption’ in the PM markets than not. Reality is even ETF's would not deliver when authentic demand for physical PM's unfolds...) Anyways...My research puts paper PM’s as below average among leveraged trading instruments, but many are still drawn to them ... for all kinds of conscious and unconscious reasons. Point is - anyone talking trading PM’s or (and this is a real tip off they are not a “bit deeper”) when anyone talks about ‘investing’ in PM’s, what they are considering is PM’s relative to their dollars. They are dollar centric / dollar faithful. I often go off topic and 'discuss' PM's from a more ‘price insensitivity’ viewpoint. ie At ANY price PM’s are a good wealth preservation vehicle. As mentioned above they are only rarely among the better trading vehicles ... and PM's are not an 'investment' - period. (want to 'invest' in PM's? Get into mining them...) Those who are actually accumulating physical bullion encounter quite a different world than those who are trading paper. rhetorical answer to what seems to be a rhetorical question:) ... ie SILVER, I'm thinking you need this answer like you need another hole in your head ... so hopefully it's to the benefit of someone. zdo
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Is this 'price insensitive' content? Would you know if it were? Here's Why the Gold and Silver Futures Market Is Like a Rigged Casino... | Clint Siegner | Safehaven.com
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Can Someone Find Me A Borrow For This Crazy Investment, Please? | Zero Hedge
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"... two different ...commodities..." commodities????? "investment avenue" investment?????
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Omg - fkn mitsu is back in the house. Where tf you been? Glad to see you back. I'm not around much... starting June holiday early again this year... Btw Re: “voice in their head” Mits, that’s not the voice I was talking about. The ‘voice of trading’ is not a voice in the head of an individual. Trading industry marketing, the ‘trading education industry’ :snik: , and the volunteer ‘voice of trading’ form a concert / is a borg that spurts propaganda to rookies and the tier of traders at the cusp who are attempting to go from loser to survivor. ... In the population of traders Tier 1 = ~78% loosers, Tier 2 = ~19% survivors Tier 3 = ~ 3% thrivers. Best I rephrase my whole post Original was ... Revised version - hopefully a little bit more understandable ... both equally cynical. :rofl: Ps: btw Hantt is likely long gone... he didn’t know it but he wasn’t seeking a mentor.
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left right this 'Inflation', etc is not enough to save an imploding system... so Wealth Confiscation for the Digital Age: the New ?Cash Tax? | Wolf Street And finally for the three readers who deserve this info... did you know that "Real capital is hunkered down and off the grid " ?
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thank you aimhi that is one of the best 'voice of trading' / first cusp posts I have ever seen ... but, in my experience, it is advice that never even passes into the minds of those truly aim(ing)hi have a nice life
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.. position.all 'hedged' up at 46... btw stops on the hedge arrayed from + 47 to +52 was tempted to take profits and be done with this trade... will stick with plan though...
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Couldn’t you just spit when someone posts these kinds of things?? https://www.sprottmoney.com/blog/take-off-your-tin-foil-hat-banksters-admit-to-gold-rigging-nathan-mcdonald.html Trick slide into second base - Bits and PiecesBits and Pieces
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THIS DAY 80 YEARS AGO: FDR's Evil Executive Order Required Citizens to Turn in All Gold to the Government by May 1, 1933
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“Can you imagine a 8:1 gold/silver ratio price? Currently, the ratio is 75:1.” Keith Neumeyer
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https://www.strategicgold.com/gold-spectre-haunting-monetary-system/
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TTB, re: ""... in the new OOP additions to easylanguage so there are almost no examples of how to do this stuff." Omg It’s worse than that. ... and now they’ve had years to build some good instructions... and haven’t... For adequate beginner coverage of OOEL, look for OOEL+Concepts_AndroidMarvin.pdf in TS Forum. If you can’t get or find it, pm me with an email address and I will attach a copy to you. re: "Methods... must be called in the analysis or strategy and the code must be placed there...? " Yes. All method code is placed after procedural level declarations , etc. and before procedure code. re: "If so, then the analysis or strategy that seeks to utilize multiple time frames must have that time frame as a 2nd symbol on the chart, correct? OR, can a method in a different chart somehow share info with an analysis or strategy on a different chart " Either would work... ultimately depends on your design preferences and requirements. How many timeframes are involved? re: "different chart ... using the global dictionary to accomplish this??" Global dictionary has some little wierdnesses but can ultimately be designed to run like a global vector. If I remember correctly, the pdf mentioned above uses zigs in his global dictionary example hth zdo
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Think of ‘it’s not really OOP’ so much as it is EOP (event oriented programming)... Think of methods as a way of putting function calls ‘in-line’ ... after initial ‘learning curve’, etc. I find them much easier to debug,etc. Think of vectors as a way of storing an array with multiple ‘data’ types in it... once you get the ‘read’ and 'write' syntax down, they are just as manageable and usable as arrays hth
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Bobc, re: “What has happened to all your Silver holdings?” As I’ve said about 14 different ways over the last 10 years in here, I’m keeping my physical silver - period. Likely the long term ratio trade rollover of re-exchanging the silver for gold physicals will not re-occur in my lifetime, so I’ll just hold and hedge with contracts when necessary... and try to prepare the kids to do the same... Fwiw, remember that I have been including a hefty % of gold contracts for hedging physical silver for the last few years ... and btw am still 'stuck' with 10% hedged put on months ago... ie haven't been stopped out on the upside in gold yet. Had I been hedging with silver contracts would definitely be stopped out by now... ... a better question would have been “What has happened to all your index trades?” After years and years of NOT doing it, over the last few months I’ve given myself the green light to ‘fight the fed’ on the short side. Mostly small losses and washes... Fortunately these are leading trades that are ~ 10% of my usual size... and guess what? I’m still doing them! Selling every cycle high ... in a pretty good short today... and ready to size on up with stop entries Bobc, re “You can buy from zdo. He is selling” Now you’re making sht up... and hopefully having some fun... Just for the record, my last x posts were heavily laced with facetious. Should have done a better job of labeling them ;offtopic:... most of the time I try to make sure those crazy link posts are labeled appropriately... Re “this is a dollar thread” theme - ie some thoughts on price. > Bobc, have you looked at USD rand in terms of gold much? > What is occurring now in the PM’s (ratio) is what I was ‘discussing’ at http://www.traderslaboratory.com/forums/market-analysis/12054-gold-bullish-bearish-235.html#post202174 imho, this ratio bounce is not “meaningful” in terms of ‘bullishness’ for PM’s ... (would ya’ll blve much of this silver bounce is ‘medical’? Hell no you wouldn’t!!! ) so, re: the ‘strength’ in gold - what most would term “theres a strong support level” - imho, it’s not collapsing due to collective anticipation of another (global) round of QE, etc. > Bobc, some time back, we nibbled at ‘discussing’ PM stocks. I’m still wondering why you didn’t hold on... re: price insensitive theme - the nonfacetious version PM’s are a good way to accomplish wealth preservation - at any price, at any time.
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only the gullible should accumulate PM's everyone else should be keeping their 'certificates' for... bobc, don't believe anything you read... :rofl: World Class Journalist Spills The Beans & Admits Mainstream Media Is Completely Fake | Collective-Evolution or hear thank god they've never been spoon fed like that in financial news reporting... traders and investors can trust the financial media keep adding and 'building' big things in to the brains They Will Have To Re-Write The Textbooks For This One | Collective-Evolution
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more reasons you should keep your digital (used to be paper) dollars Every Market Is Manipulated ... See For Yourself Washington's Blog The Entire Status Quo Is a Fraud Washington's Blog :smileyhead:
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tbb, Didn't exactly follow all you're trying to accomplish (esp re multiple timeframes, etc.) but if you're putting this code into a strategy, instead of calling a function in the long run you would be better off putting the code in a method and appending (multiple timeframe) returns to elements in a (circular) vector ... call method only when it's needed for real - instead of last bar on chart, etc... hth
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More better reasons for ‘you’ not to exchange your precious dollars for gold. "Give me control of a nation's money and I care not who makes its laws." Mayer Amschel Bauer Rothschild "The few who understand the system, will either be so interested from its profits or so dependant on its favors, that there will be no opposition from that class." Rothschild Brothers of London, 1863 "It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford Federal Reserve Cartel's Main objectives; Manipulate Markets and The Masses | Sol Palha | Safehaven.com reposted link (with insincere apologies :rofl: to those who don’t blame ‘capitalism’, etc...) Of Two Minds - The Root of Rising Inequality: Our "Lawnmower" Economy (hint: we're the lawn) So - let’s hear a proposed solution that doesn’t have a snowball’s chance in hell... pacifies for a while longer... etc Bernanke's Former Advisor: "People Would Be Stunned To Know The Extent To Which The Fed Is Privately Owned" | Zero Hedge