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Search: Posts Made By: Private Banker
Forum: Psychology and Money Management February 8th, 2015, 12:56 PM
Replies: 8
Views: 1,646
Posted By Private Banker
Mike, the $100k figure is just a round number...

Mike, the $100k figure is just a round number example. Are there Funds that use higher M2E? Absolutely. In fact, the number I quoted was an average but that ratio will change as the trade matures. My...
Forum: Psychology and Money Management February 8th, 2015, 10:54 AM
Replies: 8
Views: 1,646
Posted By Private Banker
Good question. The answer depends on what type of...

Good question. The answer depends on what type of desk you're referring to of course. The usual IB desk is primarily doing agency order flow about 80% - 90% of the time. If they have a good PnL...
Forum: Psychology and Money Management January 5th, 2015, 06:59 PM
Replies: 62
Views: 19,301
Posted By Private Banker
Thanks. If the market is trending that means its...

Thanks. If the market is trending that means its in an imbalanced state. Those are the situations where one would want to push as much as possible while cycling through profits. Price is in an...
Forum: Traders Hideout December 21st, 2014, 04:44 PM
Replies: 65
Views: 34,391
Posted By Private Banker
Mike, Be very careful with any sort of...

Mike,

Be very careful with any sort of offshore entity. I don't know your situation at all and I can't give you legal advice but you need to consult an Attorney who specializes in this type of...
Forum: Emini and Emicro Index November 9th, 2014, 11:12 AM
Replies: 926
Views: 197,746
Posted By Private Banker
With the end of the QE programs by the US FED, I...

With the end of the QE programs by the US FED, I thought it would be interesting to map where this thread started vs. where we are now. Quite startling to say the least. One thing I did see by...
Forum: Commodities August 22nd, 2013, 11:43 AM
Replies: 1,806
Views: 362,687
Posted By Private Banker
Hey Mike, Doing great! Just been real busy....

Hey Mike,

Doing great! Just been real busy. Saw you went and are looking to move to South America, that's awesome! So beautiful down there!

Cheers,
Ben
Forum: Trading Journals June 25th, 2013, 06:16 PM
Replies: 625
Views: 98,044
Posted By Private Banker
Just now saw this, way to go! You nailed it...

Just now saw this, way to go! You nailed it yesterday!

Cheers,
Ben
Forum: Trading Journals June 24th, 2013, 09:28 AM
Replies: 82
Views: 16,798
Posted By Private Banker
With IQ Feed, they provide a continuous...

With IQ Feed, they provide a continuous back-adjusted contract that I use to avoid any issues. The TPOs should be set at 1 day, with multiple periods fixed by time, 30 minute periods.

Could be a...
Forum: Trading Journals June 24th, 2013, 08:49 AM
Replies: 1,905
Views: 227,991
Posted By Private Banker
Hey Gary, I assume you're just tracking...

Hey Gary,

I assume you're just tracking value areas here? While tracking value is important, its equally if not more important to pay attention to structure (areas of excess) to identify support...
Forum: Trading Journals June 24th, 2013, 08:46 AM
Replies: 82
Views: 16,798
Posted By Private Banker
Looks like you have a small amount of days loaded...

Looks like you have a small amount of days loaded on your chart. Try and increase that to at least 120 days. Once loaded, spread the chart out a little so you can see the TPO structures better.
Forum: Trading Journals June 23rd, 2013, 02:01 PM
Replies: 1,905
Views: 227,991
Posted By Private Banker
Hey Gary, Looks like a failed breakout after...

Hey Gary,

Looks like a failed breakout after balancing for several days. I would think the market would test the lower end of the balance area in which it just returned back into. As for the IB on...
Forum: Traders Hideout June 22nd, 2013, 01:28 PM
Replies: 14
Views: 9,179
Posted By Private Banker
Yes, CL is an entirely different animal and the...

Yes, CL is an entirely different animal and the further out contracts do have higher volume which is due to Calendar Spreads, etc. which constitute a majority of the energy markets' volume. So, that...
Forum: Traders Hideout June 22nd, 2013, 01:22 PM
Replies: 14
Views: 9,179
Posted By Private Banker
Hey Mike, Yes, we may be venturing a bit off...

Hey Mike,

Yes, we may be venturing a bit off topic but I do enjoy discussing this. In theory, I could see how that would be reasonable but this is assuming someone is just positioning long term...
Forum: Traders Hideout June 22nd, 2013, 10:32 AM
Replies: 14
Views: 9,179
Posted By Private Banker
Here's what I mean by that and I'm speaking from...

Here's what I mean by that and I'm speaking from the perspective of a hedge fund not some sort of cross product arb desk or anything that is non-directional. If I were working a short position on the...
Forum: Traders Hideout June 21st, 2013, 05:24 PM
Replies: 14
Views: 9,179
Posted By Private Banker
Sorry, forgot to comment on this. Remember that...

Sorry, forgot to comment on this. Remember that the SPY is a mutual fund/exchange traded fund that is tied to a NAV (Net Asset Value). When capital is removed from the fund, the NAV will be affected....
Forum: Traders Hideout June 21st, 2013, 05:07 PM
Replies: 14
Views: 9,179
Posted By Private Banker
Tracking the SPY TPOs may not be very...

Tracking the SPY TPOs may not be very advantageous unless of course you're trading them. I swing trade the SPY but I go off the SPX levels and when the ES is at a key level. But tracking the SPX TPOs...
Forum: Traders Hideout June 21st, 2013, 01:41 PM
Replies: 29
Views: 14,251
Posted By Private Banker
I'd probably just take $25,000 out as a safe...

I'd probably just take $25,000 out as a safe cushion and then trade the remaining $25,000 while significantly reducing my position size. Just knowing I had some cash to cover any poor months would be...
Forum: Off-Topic June 20th, 2013, 11:25 PM
Replies: 208
Views: 39,849
Posted By Private Banker
I'm an absolute car fan. I especially like...

I'm an absolute car fan. I especially like European sports cars. A guy I know has a Bugatti Veyron and I thought that was the absolute fastest car I would ever see then I saw this, the Koenigsegg....
Forum: Traders Hideout June 20th, 2013, 04:57 PM
Replies: 29
Views: 14,251
Posted By Private Banker
This is probably the worst scenario one could...

This is probably the worst scenario one could have for being a trader. It would be better to realize the situation at hand and get a guaranteed income and work yourself back to being a trader rather...
Forum: Trading Journals June 8th, 2013, 10:16 AM
Replies: 1,905
Views: 227,991
Posted By Private Banker
Hey Gary, We all get beat up here and there....

Hey Gary,

We all get beat up here and there. The key in every lost "battle" is to learn from the mistakes so that we may win the "war". As any smart general would do is know when to retreat. That...
Forum: Trading Journals May 24th, 2013, 11:34 AM
Replies: 1,905
Views: 227,991
Posted By Private Banker
I split it there as it was where the market...

I split it there as it was where the market changed its perception of value. The F period represented the breakout and gave me a clear level to define my risk. A stop below that tells me something...
Forum: Trading Journals May 24th, 2013, 10:35 AM
Replies: 1,905
Views: 227,991
Posted By Private Banker
Awesome! Hopefully that's a good way to take the...

Awesome! Hopefully that's a good way to take the emotional aspect away from what you're doing.

As for today, this is how I interpreted the trade location which is based on the previous session...
Forum: Trading Reviews and Vendors May 21st, 2013, 01:02 PM
Replies: 18
Views: 8,542
Posted By Private Banker
Great feedback guys! I appreciate it! I've made...

Great feedback guys! I appreciate it! I've made some adjustments on the site with this in mind.

Thanks again!
Ben
Forum: Psychology and Money Management May 20th, 2013, 09:18 AM
Replies: 62
Views: 19,301
Posted By Private Banker
Thanks! Those are some great suggestions. I'll...

Thanks! Those are some great suggestions. I'll certainly put this into consideration for the next presentation.

Cheers,
Ben
Forum: Psychology and Money Management May 20th, 2013, 09:15 AM
Replies: 62
Views: 19,301
Posted By Private Banker
My reference to this was in regards to latency.

My reference to this was in regards to latency.
Showing results 1 to 25 of 817

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