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Nick1984
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Everything posted by Nick1984
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I too would like a copy of the spreadsheet when you get a chance. My email is nsitt_2618@hotmail.com Thank you very much.
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This will sound harsh but have you bitten off more than you can chew in your new job? Your report should reflect your own thoughts so you should structure it how you want it to read. -
Its built into the spread Ericthetrader. I'm a broker myself and yes it can be expensive to trade futures in Aus. I don't broke futures myself though. My firm doesn't charge $30 a round trip that is pretty steep. If you trade e-minis its cheaper. We use an online platform that provides the account holder free data if you place more than 6 trades per month. You can do ETO's, Futures, CFDs, Commodities, FX, Stocks etc... If you want any info just PM me.
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MMS that would depend on what strategy he is trying to follow. The parameters he has used there look like they are focused towards a growth strategy. I don't know whether having a Beta filter is worthwhile as this can change very quickly. Jonathan, is your portfolio paper only? I would also question the need for holding 40 stocks. That is a very large number and you would want to have a fairly detailed attribution analysis to determine what is driving your returns. I have traded on a $100M+ portfolio before and holding that many stocks even on a portfolio that size is not really that good because on a weighted basis you don't get enough bang for your buck.
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Introduce Yourself Here - Don't Be Shy!!
Nick1984 replied to trading4life's topic in Beginners Forum
Welcome. Where are you trading from and what do you intend to trade? -
Introduce Yourself Here - Don't Be Shy!!
Nick1984 replied to trading4life's topic in Beginners Forum
Salut Mario, IIt-i doresc mult noroc. Trimite-mi un PM daca ai vreo intrebare. Eu sunt un Australian dar parantii mei sunt Romani din Bucuresti. In Australia eu sunt un agent de bursa si ma ocup mai mult cu actiuni dar stiu si eu despre Forex ca am fost un trader la un fond. Nick -
Free Software ( Trading / Charting / Analysis )
Nick1984 replied to Tams's topic in Tools of the Trade
Hi robert, I'll send you a PM tomorrow with that. I would suspect that the answer is yes because we have an education provider who uses the platform and yes they do have automated systems. I'll send you a detailed PM tomorrow morning. -
Free Software ( Trading / Charting / Analysis )
Nick1984 replied to Tams's topic in Tools of the Trade
For those who are in Australia you can always try eBridge Online Trading. Like NinjaTrader this is free to trial until you open a live account. You can use it for shares, futures, CFD's, Options, Forex, and commodities. It uses both IB and Saxo platforms. Disclosure: I am a broker that sponsors this platform. -
Don't forget CFD's and also options as well. Futures markets on the SFE are not as liquid as the CME so that will take some adjustment. If you trade the Nikkei via the SGX you will get a lot more liquidity but also more volatility. The HSI is also fantastic. When trading the SPI be wary of the movement in commodity prices in particular as iron ore, copper, gold and silver prices effect many of our large mining companies which tend to influence the markets.
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Very nice write up Steve. I used to trade on an institutional level for 2 years previously and you describe the thinking behind it very well. When you are trading a long line you do not think about trading in the same way as the average retail plunger. As an insto you generally try to sell on the way up in random sized blocks. You are creating the market for a lot of the retail people who you are selling your stocks to. It is a fine line to tread down as you want to ensure that your selling activity is not so big that you flood the market with inventory that you will water log a stock so you trade in very small blocks that will give the buyers what they want without decreasing the price. When you buy you generally always try to see if you can shake out the weak hands in the market. A price shake out at "support" is always great to weed out weak hands and establish a better buying region. You want to buy up their panic and accumulate at the cheapest possible price. As a retail trader you don't need to know how the insto's go about their business but you should always be cognisant of the thinking behind their actions.
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You're better off putting that 2k into a market account and learning to trade yoruself after first spending some time on a paper trading account. You should learn about the turtles. You can give someone a step by step system and they will still fail. You need to learn on your own. Read through this site and get ideas, develop a system, back test it, paper trade it then go out on your own. I would recommend you get a good broker who understands what you are trying to do and will work with you to develop your system. Get good charting software and data and get started.
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Easiest way to think about the price movements is based on auctions. I dont hold stock and you hold some. I want to buy and you want to sell. I think that price is too high though and will not bid. You want to sell but see that I'm not there to buy. You lower your price to a point where I am willing to buy. The reverse applies. Also the ratio does not have to be 1:1. Look at any shre registry. There are always people who have accumulated more stock than others (i.e. Top 20 holders). They can sell their holdings to more people in smaller parcels thereby creating a larger spread. The price each of those parcels is acquired by the new holders is determined by the auction process outlined above. Simple.
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Its got to be Singapore/Australia. The Singapore Stock Exchange (SGX) is in merger talks with the Australian Securities Exchange (ASX). This merger would create the most sophisticated market place in the region and have the highest market turnover by far. I've been to India, HK, as well as Singapore and the only rival I can see is HK as the size of deals being made are huge as people looking to get into China go via HK. China will never get the size to rival an SGX/ASX merger because of the political red tape involved. To buy A shares on the Shanghai Stock Exchange is far too hard. There are not very many QFII licenses around the whole world and they are very very hard to obtain.
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Hi Jonathan, when screening for stocks you really need to know what you have in mind. A stock screener that comes in any charting program is a great way to get you started by screening the quantitative elements of a stock. Generally your filters should reflect the strategy you're looking for. You mention growth. Growth is a function of EPS. You therefore need filters that include EPS, ROA, ROE (ROA is a component of ROE), NPAT, Operational cash flow, as well as basic liquidity and market cap criteria. Eg, you may want stocks that have the following characteristics: - MktCap > 50m - AvgWklyTurnover >2m - EPS growth yoy > 10% - ROE > 12% NPAT growth yoy for last 5 years Operational Cash Flow > NPAT You can tailor your list to suit your own criteria. That being said a list like that may return a lot of stocks so play around with it until you find what you're after. Also when designing a portfolio you want to make sure that you understand the dynamics of how stocks correlate to each other inside your portfolio. How does the inclusion or deletion of a stock effect your VaR, your Sharpe Ratio etc? How do you allocate cash to a particular stock in a portfolio? These are all questions that need to be answered and will depend solely on you. Once you have your list of stocks you should delve into their financial reports and pick through them to find if you like what management has to say and look at the qualitative elements of the stock. Look at brokers reports if that helps as well. Check out charts and if you have two companies that fundamentally are similar it may come down to a purely technical selection process that differentiates your selections. Hope that helps.
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Don't forget that when you exercise an option you give up your time value. When you are long an option the closer to expiry the faster the time value decays. Keep in mind that you actually pay for your time value when you purchase your option. The time value of a put will decay at a slower rate than a call however. Also as SIUYA stated there are other costs involved in the exercise of your option.
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Being good at quick mental arithmetic is always good. In terms of position sizing you can program that into an Excel spreadsheet to know how to manage you money as you go along. Quick mental arithmetic is I think a prerequisite if you are going to be effectively trading options however that being said you should never have a good spreadsheet too far away from you. If you are doing a delta neutral strategy you can't do that all in your head!
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Was a misquote sorry Db. Was going to quote Srag
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I don't know where you think being unorganised automatically makes you lack discipline. If i choose to live life in an unorganised manner doesnt mean I can't be disciplined. I don't have a structure to how I eat my meals each day, however I'm disciplined enough to eat healthy when it strikes me. Im not organised at all and yet I've been trading for a number of years now and I"m doing very well at it.
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Thats not necessarily true. Some people are natrally a bit more disorganised but that doesn't mean they will be bad traders. Just because you don't catalogue everything doesn't mean you're destined for failure. People work differently. At the minimum you need to have a concept of what you're trading strategy will be, and that concept should be written down and tested, modified if necessary. Sim trading doesn't teach you how to control the emotional side of trading. No matter how long you spend on the sim you wont know how it feels to loose your first substantial amount of cash. Also if you tend to spend ages on a sim and back test a system extensively, you tend to fall into a bias of optimising your system to fit all the historical data to the extent it looses all flexibility. Trading live makes you "think or swim".
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I'll be sure to have a play around and tell you what I think. Good job mate!
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I've just noticed this thread. What is this chat room that you speak of?
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We;ve all been there James lol. Frustrating as hell to see yourself stopped out then the market reverse and go in your original direction! You can only call them as you see them hehe.
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You are an Innovative Trader! Your goal is probably to understand the world, constantly absorbing new information that comes your way. You then process all of this through your intuition to quickly size up what is going on around you. This can be an excellent quality for traders and investors if you get the right information. Otherwise your decisions and conclusions may tend to be flawed. And this could be costly for you as a trader... One of your Trading Strengths You can quickly determine if a new style of trading or system will fit well with your personality and you get very excited about it. One of your Trading Challenges You want external confirmation for everything and have a strong need for a mentor. I'm still yet to place a propper trade since having my car smash a few months back. I've been focusing mostly on enjoying life. I guess I'm tending to value the instantanious moments more now and I'm finding it kind of hard to get back into the swing of things. My desire to get back into a routine are creeping back slowly slowly and I'll get back into trading as soon as I'm mentally prepared.
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Are you sticking only to the MP levels of the previous day or do you use a developing MP to make decisions? Also in relation to your profit targets it seems as if you don't actually have a set profit target for each trade. What I've found is that by creating a quasi mechanical rules system to my trading its helped heaps because it effectively takes the emotion out of your trades. When trading one contract I'd take +10 all the time simply so i could used to it even if the price kept on going. It helped to develop my money management discipline. Now I'm trading 3 lots on the ES and I always hit +1.25 as an automatic exit on my first 1/3rd. The second target is +2.50 and the last contract is discretionary with my stop moving up to break even +.25 so I effectively have a free trade which covers my commissions. Maybe you can look at setting up a more mechanical profit target system to get you used to being more mecahnical and less emotional. Good luck mate.
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We're in the top 40 now i believe. I'm above 6k level now so thats goin along smoothly. Never been attacked by anyone. Flying under the radar is a great way to get ahead early on in the game.