No, I'm 100% buy side, but this is also 100% my livelihood so I do my homework Yeah for the giddy days of 2 and 20, damn sight easier than what we're doing. Just ask Neil Woodford

Successful traders are very, very rare to find

No sweat mate. The way I describe it is that it all boils down to systematically finding decision points and following price where it breaks, rather than outright prediction. That's still a prediction of course, you're predicting that the decision ...

Successful traders are very, very rare to find

So yes, but the desks are still manned, just by the more junior traders. And most of the clients are winding up too. But in real terms all this means is a change of volatility. Because volumes are down, either nothing happens at all, or it goes ...

Successful traders are very, very rare to find

Lol for that clip alone. I'll keep this brief but basically the market we see is determined by interbank market, not withstanding broker manipulation and crap execution. Nothing else matters. There's only a handful of tier 1 banks, and since the big ...

Successful traders are very, very rare to find

Ahem. OK this has taken a left-turn - you specifically said that banks don't manipulate the market, when there's several dozen settled and ongoing court cases about tier1 collusion and manipulation. In a 5 trillion dollar a day market. We could get ...

Successful traders are very, very rare to find

eh, you're joking though right?

Successful traders are very, very rare to find

Taleb made money from mispricing of the big events; so that's his view of the market. To him everything else is random; even though that's demonstrably untrue. Soros failed to make money daytrading FX (his own admission), but bet big; eyewateringly ...

Trading book(s) - please recommend if you can

Banks already effectively do this when brokering options, via delta hedging. They don't get to choose the entry, but the exit is predetermined. Maybe worth some of your time.

Random entries - Let's take it to the extreme

No hard and fast answer I'm afraid. So 2 for sharpe and sortino would filter out a great proportion of them. Smoothness of returns is a relative term, leverage I'd expect to see professionals using no more than 10, even that's pokey. If you're ...

"The JUICE" - how do you separate skill from luck?

I'd look for a Sharpe ratio of 2 or more, Sortino of the same. The volatility of the returns is also important - how smooth is the equity curve? Incredibly smooth returns are likely (but not necessarily) forged, very volatile ones suggest luck ...

"The JUICE" - how do you separate skill from luck?

Wherever FTI is right now, he'd be thrilled that someone's doing it properly. Nice trading Jupiter.

Journey to consistency

Michael - research is research and if you can farm it out betweeen a group of you, so much the better. I looked for ages for a decent crowd but the difficulty is you've got to find people as committed as you are and around the same level. Turned out ...

What do we need exactly? Why are you here? (and the other 99%)

About six years full time for me now, and second most of this lot. Plus I'd add one more... getting an office. Trading is dangerously solitary so really, really recommend getting office space with others around you. I only lasted around 6 months ...

Mental and Physical Health in Trading

What was the impact of the greek crisis which threatened to destabilise the euro - and indeed the entire economic system - on the value of eur/usd?

Big News - Bond traders please contribute.

You can cover off 2 out the 3 things you need with books - the foundations which are really well covered, and the ideas you can use to to implement, check, research and validate trading strategies. Workable profitable strategies you won't get for ...

Can you learn to trade from books?

So I've heard Anton, so I've heard

Retail Brokers and "Trading Educators"

I think that'll do fine -or alternatively with Friday's flow. Think VEE has got mixed up into pin-point accuracy rather than probability but either way, facts don't lie. Good luck

Using ATR incorrectly during back-testing :(

Yep bonkers I know. if you want to program it, yes go off Friday but I'd focus on improving ATR as it's very very blunt. Some things you might want to test - weighting day of the week (Mon/Fri always break more ranges than tue/wed/thu), weighting ...

Using ATR incorrectly during back-testing :(

Now that's what I'm talking about, amazing stuff ... thanks

MT5 and Excel

I crunch data from other sources (correlated markets, IV etc). Excel is my control panel, MT the charts and execution a third element again. I've made do with MT4 / Excel csv combo with macros for a few years but it's about time I upgraded the whole ...

MT5 and Excel