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Forum: Indices Aug 15, 2012, 8:49pm
Replies: 0
Views: 441
Posted By jamescummins
ICE has fallen over

For anyone remotely interested, or that is trading any of their contracts, OTC or futures, their whole trading platform has died.

https://www.theice.com/market_status.jhtml
Forum: First Steps Aug 15, 2012, 10:52am
Replies: 10
Views: 721
Posted By jamescummins
Re: Carbon trading

Carbon credits are only really traded by major energy consumers, utilities, and a few banks. Trying to dabble in a physically delivered commodity is a complete and utter waste of time for an...
Forum: Futures & Options Sep 22, 2011, 11:01am
Replies: 9
Views: 863
Posted By jamescummins
Re: Learning curve for options

How about this for an exercise... Read a couple of books, do some googling, get some basic info on option pricing. Then try to build your own pricing model in excel - just a simple BS thing. Try to...
Forum: Futures & Options Sep 22, 2011, 10:03am
Replies: 9
Views: 863
Posted By jamescummins
Re: Learning curve for options

Again though, depends how you want to use options. If you own shares and are selling topside calls as a hedge / increased revenue in a flat market, and are happy with the downside, then there isn't...
Forum: Futures & Options Sep 22, 2011, 7:21am
Replies: 9
Views: 863
Posted By jamescummins
Re: Learning curve for options

In order to trade options, you really need to understand the greeks. Best to begin by just trying to get your head properly around whichever model is best suited to the market you want to trade,...
Forum: General Trading Chat Sep 15, 2011, 12:20pm
Replies: 16
Views: 769
Posted By jamescummins
Re: royal platinum finance?

Agreed - but enough new people will read along in the forum, have a look at the firm blah blah - always best to bash them when you get the chance these stupid firms!
Forum: General Trading Chat Sep 15, 2011, 11:51am
Replies: 16
Views: 769
Posted By jamescummins
Re: royal platinum finance?

So there commission structure is that they make zero unless you make a profit... Doesn't work like that! If they are a market neutral brokerage, they charge commission regardless of the P+L on a...
Forum: General Trading Chat Sep 15, 2011, 11:24am
Replies: 16
Views: 769
Posted By jamescummins
Re: royal platinum finance?

"Because our service is exclusively commission based you can be assured of impartial advice" - well, if they are exclusively paid by a third party for selling a third parties shares for eg, they're...
Forum: General Trading Chat Sep 15, 2011, 10:59am
Replies: 16
Views: 769
Posted By jamescummins
Re: royal platinum finance?

They have no proper website. Google them - there's nothing there! That's not normal to say the least!!!!

Who are they recommending out of interest? And what products?

Absolutely one thousand...
Forum: General Trading Chat Aug 25, 2011, 9:54am
Replies: 8
Views: 440
Posted By jamescummins
Re: Trading systems, trading signals, trading strategy

Ha ha - I like that :) I've got my own strategy actually... If everyone sends me £10,000 I'll explain it from my yatch in the Bahamas!

I'm here because I'm quiet at work, and sometimes the...
Forum: General Trading Chat Aug 25, 2011, 9:43am
Replies: 8
Views: 440
Posted By jamescummins
Re: Trading systems, trading signals, trading strategy

I think all I can say to that is I disagree entirely!

A bank cannot steal your proprietary ideas provided you have it in writing. A simple NDA and intellectual property greement prevents that -...
Forum: General Trading Chat Aug 25, 2011, 7:30am
Replies: 8
Views: 440
Posted By jamescummins
Trading systems, trading signals, trading strategy

Hi All,

Just read a tiny few of the recent posts... It's horrible reading! Seems thousands are still getting absolutely mugged for all their cash by scam artists and boiler rooms.

Please,...
Forum: General Trading Chat Sep 15, 2008, 11:09am
Replies: 54
Views: 2,582
Posted By jamescummins
What has happened to the market in Lehman's...

What has happened to the market in Lehman's debt?? Anyone know of anyone trading it? Can it still be traded? Dont see why it cant...
I have a couple of mates at lehman's - they are not happy, if...
Forum: First Steps Sep 15, 2008, 8:57am
Replies: 132
Views: 11,196
Posted By jamescummins
A 'good' period would certainly be a massive bull...

A 'good' period would certainly be a massive bull market in whatever you trade. If you started trading oil 2 years ago and hadnt made a sackload of money by this summer, you were probably doing the...
Forum: General Trading Chat Sep 12, 2008, 9:22am
Replies: 46
Views: 3,854
Posted By jamescummins
Hi Paul, I agree to an extent - but, what I...

Hi Paul,

I agree to an extent - but, what I think new traders can potentially read into that is an over-simplification; that the rules used by automated algorithms are particularly simple, or are...
Forum: Futures & Options Sep 11, 2008, 11:46am
Replies: 9
Views: 2,215
Posted By jamescummins
A few books that are worth having if you really...

A few books that are worth having if you really want to trade options seriously and understand them I ahve come across are the following:

Dynamic Hedging: Managing Vanilla and Exotic Options
The...
Forum: First Steps Sep 11, 2008, 6:32am
Replies: 132
Views: 11,196
Posted By jamescummins
Firslty... "Unless I try to trade under the...

Firslty...

"Unless I try to trade under the affluence of incohol and then there is failure"
I enjoyed the use of affluence :) Bit Freudian??

As per the can women trade argument - Marex's no. 1...
Forum: General Trading Chat Sep 11, 2008, 3:29am
Replies: 4
Views: 537
Posted By jamescummins
The most important factor for pricing options is...

The most important factor for pricing options is the volatility. Any change in the volatility changes the options price. Prices can fall in the underlying, buy call options can still rise in value,...
Forum: Commodities Sep 10, 2008, 3:44am
Replies: 10
Views: 1,947
Posted By jamescummins
basemetals.com is very good for base metals, but...

basemetals.com is very good for base metals, but I think nowadays they might try and charge you for the premium info, not sure about that though. Similarly, I think those guys run thebulliondesk.com,...
Forum: General Trading Chat Sep 9, 2008, 7:55am
Replies: 46
Views: 3,854
Posted By jamescummins
Just a small aside, but all options, exotic or...

Just a small aside, but all options, exotic or not, are priced assuming brownian motion of prices. That is to assume that the price will take a random walk about a point. That is surely noise isnt...
Forum: General Trading Chat Sep 9, 2008, 5:36am
Replies: 5
Views: 325
Posted By jamescummins
good point, had not even considered the currency...

good point, had not even considered the currency affect.
I was only a simple thought in the beginning - I should probably be doing more work!!
Forum: General Trading Chat Sep 9, 2008, 5:34am
Replies: 46
Views: 3,854
Posted By jamescummins
I completely agree that a computer cannot deal...

I completely agree that a computer cannot deal with that at all!!! It has to be something very specific for a computer to trade news. It is the decision making process that a computer cant deal with,...
Forum: General Trading Chat Sep 9, 2008, 5:26am
Replies: 46
Views: 3,854
Posted By jamescummins
I think there is a key point here that is being...

I think there is a key point here that is being missed.
People make decisions that a computer cannot model, ever. People might want to buy google shares because they like the logo, and they think...
Forum: General Trading Chat Sep 9, 2008, 5:13am
Replies: 46
Views: 3,854
Posted By jamescummins
Algorithmic trading is still trying to model what...

Algorithmic trading is still trying to model what people do. Yes they can trade news, to an extent, but they cant make judgement calls - people can. Ultimately, markets are driven by people - that...
Forum: General Trading Chat Sep 9, 2008, 5:06am
Replies: 5
Views: 325
Posted By jamescummins
I take your point, but that is sort of irrelevant...

I take your point, but that is sort of irrelevant to what I mean... :)

I am basically just wondering how an index as a whole can move up, if sentiment is negative... The actual firms involved, or...
Showing results 1 to 25 of 73
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