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Search: Posts Made By: wintergasp
Forum: Commodities October 2nd, 2016, 10:39 AM
Replies: 280
Views: 60,583
Posted By wintergasp
Interesting, I never really believed in seasonal...

Interesting, I never really believed in seasonal trades but there seems to be quite a few opportunities.

Quick dumb question..... why don't you backtest that since 1950 ? Surely you can find basic...
Forum: Commodities October 2nd, 2016, 04:33 AM
Replies: 22
Views: 12,679
Posted By wintergasp
Sorry I'm no expert in crude but the friend I...

Sorry I'm no expert in crude but the friend I mentioned who started a hedge fund two years ago told me that the technology of each of those refineries is exactly the same and he's been designing over...
Forum: Traders Hideout October 1st, 2016, 02:12 PM
Replies: 13
Views: 7,561
Posted By wintergasp
Hmmmmmmmm The Swiss event was very small and...

Hmmmmmmmm

The Swiss event was very small and hedge funds where mainly bearish so they mainly made money. We weren't trading it for other reasons but we were also bearish. Maybe 1 guy blew up from...
Forum: Emini and Emicro Index October 1st, 2016, 07:32 AM
Replies: 6
Views: 2,038
Posted By wintergasp
Yes usually your FCM will show you: a) the...

Yes usually your FCM will show you:

a) the brokerage commission (I pay 0.15$ per side, expect to pay up to 1$ or 2$ per side if you're starting)
b) the exchange commission (depending on what...
Forum: MultiCharts October 1st, 2016, 04:04 AM
Replies: 5
Views: 2,007
Posted By wintergasp
I do. As far as I know, there is no...

I do.

As far as I know, there is no difference between Eurex and other exchanges. Unless you become a clearing member (you'd need a 1Bn$ balance sheet for that), you need to go through a broker,...
Forum: Commodities October 1st, 2016, 03:43 AM
Replies: 22
Views: 12,679
Posted By wintergasp
So in Crude Oil, there are a few guys who have...

So in Crude Oil, there are a few guys who have worked as Civil Engineers for many years and can calculate the exact margin that a Refinery will make based on the price of different raw oils (bony...
Forum: Trading Reviews and Vendors October 1st, 2016, 03:35 AM
Replies: 14
Views: 11,562
Posted By wintergasp
This is true. I've been working in hedge funds...

This is true. I've been working in hedge funds for 8 years now and I can tell you we would never, ever give anything out, even for 1m$. At some stage we had interns look at those 5k-10k$ trading...
Forum: Commodities September 30th, 2016, 07:48 PM
Replies: 22
Views: 12,679
Posted By wintergasp
Saillboat, I would try to discourage you...

Saillboat,

I would try to discourage you from trading calendar spreads. I know very well the coffee, cocoa and sugar market for having worked with large institutions for over a decade now. I have...
Forum: Trading Reviews and Vendors September 30th, 2016, 07:40 PM
Replies: 12
Views: 6,866
Posted By wintergasp
I've worked with TickData and they're one of the...

I've worked with TickData and they're one of the best I've seen for intraday data.If you only look at 3 ticker, you'll probably get away with it for 3k$ for 20 years of ticks / lasts.

We use them...
Forum: Traders Hideout September 30th, 2016, 07:33 PM
Replies: 13
Views: 7,561
Posted By wintergasp
Different ways. Best way is to have a voice...

Different ways. Best way is to have a voice broker in Chicago or London and have a chat with them every day - then maybe a couple of guys on Skype to chat 5 mins every day.

If you have a voice...
Forum: Traders Hideout September 30th, 2016, 07:21 PM
Replies: 4
Views: 1,346
Posted By wintergasp
I've worked as a rocket scientist for 5 years and...

I've worked as a rocket scientist for 5 years and have been working in the hedge fund industry for 7 years now. My personnal experience has been that the vast majority of people you deal with are...
Forum: Traders Hideout September 30th, 2016, 04:06 PM
Replies: 13
Views: 7,561
Posted By wintergasp
A good strategy is to use range bars using...

A good strategy is to use range bars using breakout signals (e.g. an SAR) and only trade it when you know the direction of the big guys.
Forum: Commodities September 30th, 2016, 01:15 PM
Replies: 87
Views: 21,521
Posted By wintergasp
Yep :crazy_pilot:

Yep :crazy_pilot:
Forum: Commodities September 30th, 2016, 09:40 AM
Replies: 11
Views: 3,032
Posted By wintergasp
Myrrdin, I read in your first post: "If you are...

Myrrdin, I read in your first post: "If you are long a commodity and there is a limit-up move, you will not be able to sell the commoditiy at this price."
Forum: Brokers September 30th, 2016, 09:37 AM
Replies: 4
Views: 2,415
Posted By wintergasp
What are you looking for in an FX broker ? ...

What are you looking for in an FX broker ?

Most of them don't book your trades and trade against you. The only way you have a real setup is through a Prime Broker / Clearer but you need 10m$ to...
Forum: Traders Hideout September 30th, 2016, 09:28 AM
Replies: 12
Views: 3,046
Posted By wintergasp
In the UK you have an allowance for 10k£ tho. So...

In the UK you have an allowance for 10k£ tho. So if you made 30k£ of net profit, you'd pay 30% of 30k£ or 9k£, which is below the 10k£ allowance, so you'd pay 0.

If you're gonna make more than...
Forum: Traders Hideout September 30th, 2016, 09:25 AM
Replies: 12
Views: 3,046
Posted By wintergasp
What country are you based in ? Yes. In the...

What country are you based in ?

Yes. In the UK Futures is considered capital gain taxes, and will tax you either 18% or 28% depending on whether you're a basic rate taxpayer or not.

Same thing,...
Forum: Brokers September 30th, 2016, 09:21 AM
Replies: 30
Views: 12,911
Posted By wintergasp
This is because everyone who trade FX and is not...

This is because everyone who trade FX and is not an institution, lose money. This is also why no hedge fund trade FX.

Most of IB's volume come from hedge funds that have less than 100m$ in AUM. So...
Forum: Options September 30th, 2016, 09:15 AM
Replies: 24
Views: 6,689
Posted By wintergasp
Edit: the only guys I know who make money on...

Edit: the only guys I know who make money on options are actually selling volatility. in order to sell volatility without getting blown up (like 99% of the guys who thing trading vol is easy), you...
Forum: Options September 30th, 2016, 09:11 AM
Replies: 24
Views: 6,689
Posted By wintergasp
Yuri, I've managed a book of options risk...

Yuri,

I've managed a book of options risk here in London. Our clients were only institutional clients and everyone at the desk had at least a master in mathematics if not a PhD.

Buying...
Forum: Traders Hideout September 30th, 2016, 09:06 AM
Replies: 4
Views: 1,346
Posted By wintergasp
Brokers are rats. Retail brokers are beneath...

Brokers are rats.
Retail brokers are beneath rates.

Those guys don't deserve to work in the finance industry.
Forum: Commodities September 30th, 2016, 09:03 AM
Replies: 15
Views: 5,770
Posted By wintergasp
Also, nobody in their right mind will give you...

Also, nobody in their right mind will give you money based on "demo" money. That just doesn't exist. If someone tells you this then he is a scammer. I've managed books of over 500m$ of risk and I can...
Forum: Commodities September 30th, 2016, 09:02 AM
Replies: 15
Views: 5,770
Posted By wintergasp
Rachel, Most of those companies are scam. If...

Rachel,

Most of those companies are scam. If you want to manage real money, you have to start with your own money for a while and be consistently different than other traders and hedge funds.
...
Forum: Commodities September 30th, 2016, 08:57 AM
Replies: 11
Views: 3,964
Posted By wintergasp
That's a question I've asked myself a few months...

That's a question I've asked myself a few months back.

What is your trading style, what do you do ?

My main strategy is to do intraday trend-following and when I look at 40 years of data, trade...
Forum: Commodities September 30th, 2016, 08:54 AM
Replies: 11
Views: 3,032
Posted By wintergasp
Myrrdin is incorrect. When you are long and the...

Myrrdin is incorrect. When you are long and the market limits up, you will ALWAYS be able to Sell on the future. That is because you will get arbitraged by option traders who will sell at a synthetic...
Showing results 1 to 25 of 28

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