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Trading fast markets


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Trading fast markets

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  #311 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
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Pedro40 View Post
Sure, understood. What is not understood that with their gazillion rules, how do they expect the traders to know and follow all and not to miss any by accident? Why not just write the software that way that it doesn't even allow trading outside the restrictions??? This is the 21st century or what...

Oh yes, because that would be too easy.....

Yes, it would be fairly easy to implement.

So, why don't they?

They want people who can follow the rules religiously. This takes initiative (one has to find and read the rules), determination & responsibility (one has to remember to follow the rules) and discipline (one has to not break the rules, and not allow any lapses).

All good qualities for a trader.

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  #312 (permalink)
Manchester, Greater Manchester, UK
 
Experience: Intermediate
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@xelaar

I for one, and I am sure there are many, have been greatly helped and informed by you as you have continued to share feedback with us in regard to the Combine rules and nuances.
( @Pedro40 previously pointed me to the place where the rules reside, so thanks again for that).

But getting the latest ongoing updates from xelaar has been really helpful
Thanks again and good luck going forward.

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  #313 (permalink)
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kevinkdog View Post
They want people who can follow the rules religiously.

Even a priest can make mistakes.

The point is, when a trader is using 3-5 different instruments, it is very easy to miss a rule or two. (and T4 isn't helping in this regard) So instead of relying on human memory (even the Pope is fallible contrary to popular beliefs), there is no excuse for not programing the restrictions.

When they are going to have 150-200 Live traders trading 2-3 instrument each, are they still going to rely on manual rule following?? That is just bad business.... Or if there is some huge flash crash, they should be able to over ride everybody at once and stop trading altogether. That's how I would run my shop, but again, I am just making common sense....

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  #314 (permalink)
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Georgia, US
 
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Pedro40 View Post
Even a priest can make mistakes.

The point is, when a trader is using 3-5 different instruments, it is very easy to miss a rule or two. (and T4 isn't helping in this regard) So instead of relying on human memory (even the Pope is fallible contrary to popular beliefs), there is no excuse for not programing the restrictions.

When they are going to have 150-200 Live traders trading 2-3 instrument each, are they still going to rely on manual rule following?? That is just bad business.... Or if there is some huge flash crash, they should be able to over ride everybody at once and stop trading altogether. That's how I would run my shop, but again, I am just making common sense....

In general, I agree with you here, that there could be some more automation and some improvement.

But your attitude stinks man. You constantly complain about everything. You seem to have a massive chip on your shoulder for some reason. "That's how I would run my shop, but again, I am just making common sense...." Yeah, but you don't run the shop; when you do run your own shop, it will be 100% logical and it will be just perfect I'm sure, but for now, you don't.

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  #315 (permalink)
prague, czech republic
 
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While the pub talk is going on in this cantina, I am done for the day. And done with the profit target too. Still will trade 6 more days same way as I traded these 4, there is no reason to scaredly resort to 1 car piking.



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  #316 (permalink)
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xelaar View Post
While the pub talk is going on in this cantina, I am done for the day. And done with the profit target too. Still will trade 6 more days same way as I traded these 4, there is no reason to scaredly resort to 1 car piking.




Congrats! You crushed it!

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  #317 (permalink)
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@xelaar
Great job: another good Friday!
Keep on keeping on

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  #318 (permalink)
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xelaar View Post
While the pub talk is going on in this cantina, I am done for the day. And done with the profit target too. Still will trade 6 more days same way as I traded these 4, there is no reason to scaredly resort to 1 car piking.

Awesome. Well done!

And I agree completely. TST is looking for good consistent traders. Not traders who happen to make a big winning day and then change their style completely just to 'game the system / stats' and pass.

Looking forward to your futures.io (formerly BMT) webinar. Nice topic.

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  #319 (permalink)
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Great job again.

You are right to continue trading as you have done; they are interested in consistency, not just hitting numbers using tricks with the parameters. (I imagine they have seen the tricks before....)

It's been clear for a while that you would crush this. Good to see you doing it, and convincingly.

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  #320 (permalink)
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Awesome job -- you are a good example of someone who knows his market well, and takes advantage it because you know how it behaves. Congrats on the good job!

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