Recent content by readyaimfire

Remind me not to go to one of your parties:yawn:

One of the best posts I've read on here. I would add 'arrogant' as a suitable adjective for quants too, even when they're losing a fortune (always someone else's) they still act as if they are superior because they have some fancy qualifications. I wouldn't p!ss on one if he were on fire.

A lot of guys trade like that, sometimes average, sometimes not, personally these days I have a position with a pre-determined exit point for profit or loss and have reduced my trading size to allow for wider stops. It was getting a bit crazy to be honest, guys in my office would have 5000...

Nice,I don't subscribe to the 'if in trouble,double' theory though,I don't know what kind of size you trade in but I averaged down massively in the Euribor a couple of years ago,ended up with 2000 spreads on and dropped a quick 200 grand. Worked rigid stops ever since.

Would be ironic if arabian stopped himself out at 124,you might have traded with each other......

Good effort sticking it out - Best of luck on Monday! BTW,I'd like to trade the Maria/Erin spread,Maria swings wildly between rough and hot-stuff I'll bet that spread has heavy volatility!

They are such a bunch of headless chickens over at LIFFE,I wouldn't rule out anything.They'll probably wait until they recover a good local base and the credit markets thaw and then try the half-tick again! I don't think the return to full-tick will make much difference.Volumes have picked up a...

These guys look like a big outfit too: TradeLink Even though it doesn't say on their website that they trade the Sterling,it does say they trade Euribor,Eurodollar and Fixed Income with a "professional model development team of mathematicians,economists and programmers...." and use...

I'd guess it's less than 10% locals now,what with one thing and another,they're just not about,especially in Sterling. You'd probably have to qualify as a serious investor to get the fund's performance.The website gave all the impressive trading volumes but I couldn't find their performance...

But if too many locals leave then a liquidity crisis is created,which is what has happened so market conditions,depending on your strategy,make it hard to secure that tick. The algo-funds are really just giant market-makers so even if you don't see them as competition they see you as...

WTI and Brent

By quality local I mean someone trading in 200+ lot clips who doesn't brick it when they go a couple of ticks offside.The two-bob locals in there at the moment can't handle a half-tick market because there's no size for them to lean on or jump in front of.They're clearly not trading off of price...

Tell me about it,we've really scaled back our interest on Eurex and it's lucky,we were getting carved up pretty bad in there today,fortunately we do other combinations on different Exchanges and managed to come out flat,it's only a matter of time before we stop completely on Eurex,the stuff that...

Wow,spoofing in Bunds pretty bad again today.I'm so pleased we cut our size back in there,now just 20% of what we were doing before Xmas.Best move we ever made.

Kind of ironic that since they announced a return to full-tick,Sterling has had some better volume days. They should have just left it be,it's a dying market anyway,no quality locals dominated by algo-funds.