MegaBlog

MegaBlog- – this is an amalgamation of posts from popular trading blogs . This section will allow you to track interesting topics and track popular trends in trading., understand what traders live.

The most influential people on Wall Street

A year ago, with the markets and the economy in meltdown, the SmartMoney Power 30 was full of the usual cast of government giants and Wall Street heavyweights: Bernanke, Geithner, Buffett. But as we move to a new phase, a time of slow but seemingly steady recovery, some of the biggest players might seem more on the fringe—academics, advisers, even a lobbyist. What follows is a mix of the famous and not-so-famous, all trying to make sure in their own way that the Great Recession turns into the Great Recovery. Lloyd Blankfein CEO, Goldman Sachs It was one thing to take a big investment from Warren Buffett in the heat of the financial meltdown, but Uncle Sam? Better to keep him at a distance. That’s the not-so-subtle message from Goldman (GS: 185.57*, +0.07, +0.03%), which has emerged as one of Wall Street’s strongest survivors of the financial crisis. Blankfein, a 55-year-old former tax lawyer, was the first banking executive to repay government loans made during the crisis-$10 billion in Goldman’s case. While that freed the firm from strict oversight on its business, expect it to continue to take heat for its generous pay practices.

MTS

Question about MTS:

I would like to ask those, who really, practically writes MTS-ki for Western markets.

WHAT CONDITIONS?

Under what conditions can programmers start writing and testing my algorithm?, which the , allowable, write fuck. And not a fact, that he will generally earn in the end without human intervention)) This all needs to be tested..

And since the result is not guaranteed, then you need to pay for the writing itself + test.

But if I pay the programmers to work, then I don't want to share the finished product then))

I could still agree to % profits to the developer (if you do not pay then for the writing itself), but how can I be sure, that it will not be used other than my copy? No way..
There will be mine % pick up and still use separately)))))))

And its use by several people can distort the work of my particular copy of MTS)))

How to control the situation on the market?

The need to control – an important psychological aspect of profitable trading. Traders are trying to control the market, but in the end, realize that they must accept their fate and do not establish control over the market, but over the emotions. When your money is at stake, it is difficult to remain calm, rational, and fully control myself. You want to win, so you have a strong desire that the price was in line with your projections, but in the end of the deal almost never be sure. Human nature to desire to fully control their own destiny, but it is impossible. Instead, the trader must accept the fact that the market will go wherever he goes, and try to control their impulses and emotions, instead of playing against the impulse market with feelings of anger and frustration.

Thoughts are stronger than reality. Part 3

6.«Thoughts – these are things» Charles Fillmore
Thoughts – these are things. They create and shape them.
Let's imagine our thoughts as a mountain stream for a moment.

The life-giving river originates high in the mountains, flows down to the valley at its foot and feeds the fields and gardens of your life. It would never occur to you to pour into this wonderful stream […]

Sacred rules)

so.
My new rules:

I have several types of signals, so there will be a separate rule for each type.

     Normal signal. Day Trading
  Maximum volume of position for entry – does not exceed shoulder 1:2. (at the same time, there can be no more than 3 such positions for different instruments)
  The maximum stop loss in a trade does not exceed 0,5% from depot for poses 1:1  And 1% for poses 1:2.
(Paying attention, that these are all MAXIMUM stop losses.. ie. critical values. I usually have much less losses in normal position.)

     Signal from discharge “for sure, fuck I will!!”. Day Trading.
  The maximum volume of the pose for entry – does not exceed shoulder 1:4
  The maximum number of such trades is no more than 3 per day.
  You cannot add to a losing position.
  You can add to a profitable pose no earlier than after 1 time.
  The maximum stop loss in a trade is not more 1%.

     Swing pose. Ie. not less than, than a few days, not just overnight. (I have such och. few, but I plan to increase)
  Maximum position for entry with stop loss by time (not in points) does not exceed shoulder 1:1
  If the pose opens with the shoulder 1:2 or 1:3, then for “Shoulder” lots will have a separate short stop loss. (ie. when a short stop loss is triggered, the pose remains in points 1:1)
  There is no point in setting the maximum loss for such trades., because. at leveridge 1:1 i always understand, that I was wrong even before, how the loss will grow large. But for the sake of formality, I will still do it and it will be equal 3% from the deposit.
  Averaging a losing pose can only be 1 once and with its own separate stop loss (max ≤0,5%).

     General:
  Усредняться\добавляться можно, but:
  and) the volume of adding to the position should not exceed the volume of the current position
  b) for each added position its own separate short(≤ 0,3%) stop loss . Or:
  in) if adding to a profitable position, either a separate short stop or a common stop loss for a general position at breakeven
  G) the maximum number of attempts to add in each pose is no more than 2. “Cooldown” between attempts at least 1 o'clock!

  You can roll over, but the volume of the position should not exceed the volume of the previous transaction. (do not martingale). + new stop loss in 0,5% +  “Cooldown”  between coups on each separate paper at least 1 o'clock.

When the total loss is reached within the day 3% by depot (moose from swing trades are not counted) come into force “ChFrisky PPlating” )))))):
  and) allowed to hold no more than one day trading pose.
  b) the maximum volume in this position should not exceed the shoulder 1:2.
  in) stop in each trade 0.5%.
  G)cooldown” between unprofitable trades at least 1 hours for each individual instrument!!! (dax, fesx, is, nq, ym i will count as 1 tool)

  rules “PE” due to losses, they are not valid until the end of the day, and so far, until the loss within the session is ≤ 1,5% from a depot.
  When a decent fixed profit appears within the day (≥ 8-10%) rules come into force “PE”, and BEFORE THE END OF THE TRADING SESSION (+ night).
  Limiting the maximum loss within a day is not practical for me. Because I almost always act out it by the end of the session. Therefore, I'd rather limit the volume of positions..
  It is allowed to work inside the position. Ie. close-open parts of a pose in one direction. You can open a previously closed part of a pose without a separate stop loss and signal., only if subsequent entry is better “exit”.

     Miscellaneous:
  If you violate any of the rules, kill up the wall)
  The validity period of all written rules – 1 month. At the end, I see the result, I analyze the new dynamics on the deposit and decide, what to do next. Leave / leave, but edit / rewrite all the fuck)
  Rules can be added during the month. (if they do not contradict existing) And get out – can't)

________________
All in all, if my trade fails to meet all these rules, then .. will about THIS))

Predisposition to risk

What kind of work you do would prefer: the one on which a stable pay a small salary or the one whose salary is not high, but fragile? The answer to this question will allow you to define your preferences and risk tolerance. Most practitioners of short-term traders would not mind to abandon the security and stability in favor of higher wages. In comparison with conventional short-term trading jobs – a very risky proposition. Thus, if you do not learn to tolerate risk, you’ll feel too much excitement and anxiety during trading. Scientists have conducted a series of studies to determine the predisposition of people to take risks. People with a high level of risk tolerance is generally older and more educated. Investors who have received their money in the inheritance, or trading other peoples’ money, as well as those who have a profitable low or average, tend to avoid risks.

NEW LIFE

…You won't get far with this kind of trading. How much more do you want to do this anal caving? © [info]wild_stone

NEW LIFE

..specially downloaded the film, to cut out these 45 seconds

Today, for the first time in my life in my memory, I did not trade simply because, what … so decided) We need to slowly adapt ourselves to actions, which I could not afford before because of my own cockroaches. This also applies directly to the trading process..
This is not 989842393240th consecutive epiphany.. All I need – it has been written in this LJ for a long time. All I really need – it's simple
BEGIN!
I use all the ways, which only you can, to start your trading from scratch.

Through 2 I will meet my beloved one hour…… and tell her, what did i spend 2 months (maybe that's all 2 of the year?) wasted…  Or maybe not empty, but in order to START? .. And that we are not flying to the Seychelles in October.. I'll tell her, that from Monday everything will go differently… my path to a million must be irreversible. And I will make it like this.


October fifteenth two thousand and nine.
My whole career will be divided into 2 parts. UNTIL AND AFTER.
The process is running and irreversible.
Well.. let's see what I'm worth.

Humility – the key to success

Five years ago I wrote a book titled “A successful trader. The mental state necessary for success in the market. ” When we were talking about dedication, I decided to dedicate the book “Traders who do not want fame.” During my work I had come across many traders, who were unsuccessful because of an inferiority complex. They feel worthless losers, inferior human beings and were not sure of their life purposes. For them, trading is a way to prove to myself that they were anything but standing in life. They feel that the more money are, the more they are significant as an individual. But it is actually not. Traders who are looking for wealth and fame as a rule will fail. The winners are humble traders. In today’s competitive world, many captures the idea of victory in a zero-sum game: it may be only one winner, if you do not it, you loser. The winner receives a prey, is not it?

Volumes

Volumes

Listen.. I do not “volume manager”, and not a wavefixer and so on. But.. i want to assure (after making sure of this within 2 months), what excluding volumes versus volatility win steadily in the west, trading actively within the day – well, it’s impossible.

I myself have always traded from the chart.. Levels and formations… but the current in the west, I understood, that it all revolves around volumes. Not.. you can, of course, look for chart patterns and even somehow make a profit sometimes, but I assure you, these will all be belated signals)

I do not speak, that you only need to watch the volumes.. there is no grail in them. You just need to take them into account.

You tell, why the hell am I writing obvious things. It's just that I know, that a lot of people don't use it. I wonder how they trade in general.. and what do they hope for)

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