Recent content by flashman57

Hi - I'm guessing you're talking about short front month, long one of the back months in rbob for example, then rolling your front month short as it expires until your back month long has become the front contract...

Freetrade does LQQ3 which is the same thing by Wisdomtree I think

Nope. First step in trading is finding an edge. No edge, no profits, doesn't matter what mindset you have. :D

I'm UK based. MSc in Computer Science (concentration in Financial Computing), spent a few years working in the hedge fund industry after graduating, in risk management and analytics/modelling roles, across both equities and macro/futures. Left that in 2012 and became a ML architect...

Sounds like you've maybe made some progress then. If its the increased $ PNL swings that you struggle to handle, you might try setting yourself a rule that you won't withdraw ant profits from your trading account for at least 12 months. You basically need to trick your brain into not focusing on...

As you mention, if you're trading over a multi-month period, you need to be thinking about the performance of the underlying business. You say the only thing that changed is sentiment, but that clearly isn't true. Meta was in a downtrend for 12 months and made lows in Nov 22. During that...

Hello @robertbanking. First, forex copy trading is notoriously rife with scammers, to the extent it is even mentioned on the wikipedia page: https://en.wikipedia.org/wiki/Copy_trading. The only legitimate broker that still offers it is eToro I think. IMO, copy trading makes not much sense...

Well yes, if price settled at $1970 on the expiry date your profit would be $0 less the net cost of the options, and if it settled at $1975 (or more) your profit would be 1975-1970 = $5/oz less the option cost. But the problem is, if you don't know that, you don't know enough to trade options...

If you're talking about using machine learning to create a model (rather than hard coding one) in order to trade algorithmically, then yes I have done. My experience was it's very difficult :D Basically you are introducing a lot more complexity than regular algo trading because now you have to...

A 1970-1975 call spread - long the 1970 calls, short the 1975. Check the prices here. https://www.cmegroup.com/markets/metals/precious/gold.quotes.options.html The 'payout' would depend on exactly where in that range the contract settled. This is on the futures obviously, not spot Given you...

Hedge funds typically charge 15-25% of the annual gain. Charging 50% of your monthly gain with no clawback for the down months means you could theoretically end up keeping much more than 50% of the returns in a year. As an investor I'd ask what percentage of months is your (hypothetical)...

Depends on the firm but the ones I've seen I believe it mainly refers to the original balance (at least until the balance is periodically reset perhaps?). No personal experience though.

How did you get on @JohnnyForex? :D

TBH I can't find it now but I just googled 'proprietary trading firms' then clicked through the first few lists. Some of them only trade internal money of course so you'll have to select out those. You could make a few enquiries but definitely agree that one thing you need to consider is the...

Hi Johnny, Fair enough, it sounds like you have this worked out. I suspect your main challenge will just be getting to consistent profitability and then it will come together for you. As far as delusional goes... if you can do it, then it's not delusional If you check out these guys...