Wednesday, May 27, 2009

A Quiet Update

. Wednesday, May 27, 2009

Lots of reading...lots of testing...

I found something mildly interesting the other day. A guy is selling a long-term trading system, (using weekly charts of all things) tested back to 1970 (when possible). I had him take "my" 5 commodities and back test just those 5 and it came back a winner. The drawdown was too much and the break even period was excessive. I am still interested though because it could be a valuable adjunct to my future plans. I need a bunch more money to make that happen though, so it will be awhile. The cool thing about this one is that it's completely disclosed when you buy it, so it's not some BS black box shyster program. Long term trading is not my style, but think it could fit as a part of a diversified trading portfolio.

The other room has been interesting...The guy is amusing (usually) and seems to trade real time right there...I have to admit I have never seen that before...It would be nice if its not a bunch of bullshit...I'm sure I will find out soon.


Wednesday, May 20, 2009


. Wednesday, May 20, 2009

While I play around with kwikpop, there is another room am listening to...EOT pro...I never heard them but at least they are trading and using their own stuff...we will trial (for the room) so far...

I found a cross over method that looks ok, but for me the drawdowns would be bothersome.


Tuesday, May 19, 2009

Kwik Pop

. Tuesday, May 19, 2009

I'm really irritated now...I signed up for their trading room and I find some guy throwing out trades every one in awhile and not even using the indicators!!

I am often reminded that there are VERY damn few people in this business who actually can make money trading. My friend went to a seminar not too long ago in Chicago...spent some time on the exchanges etc...was surrounded my millions of people supporting the financial business and realized not one in a ten thousand were able to trade successfully. Some folks like to say how cheap it is to have your own trading business, but of course they are full of shit. By the time you add up broker fees, data feeds, hardware, software, and maybe office space. It adds up to a pretty good number, and it never goes away. Always good to remember that individually these folks aren't the culprits, but collectively they are there like piranha in the Amazon river, just waiting for a small bite, and sooner or later there is no meat on the bone.


Wednesday, May 13, 2009


. Wednesday, May 13, 2009

Well hell...I know its only been a couple of days, but Kwik Pop has failed to impress so far. They are different, but have a common theme (to me) in that they are like a bunch of other stuff that's available.--I'm always pretty quick to judge, so I will be patient and see what happens. In a library of 35+ (or is it 50?0 I'm sure I can find something.


Thursday, May 7, 2009

Spending Money

. Thursday, May 7, 2009

It kills me to spend money, but I also know I cant figure this stuff out all by myself. I admire those guys that spent hours hunched over computer code to write new indicators and systems. I just wasn't that smart!

It used to be all the systems were priced at 3000...these days it looks like leasing at 233 a month is the popular ticket.

Anyway, I signed up with Kwik-Pop, downloaded their library of indicators, and will see what I find.


Wednesday, May 6, 2009

Amazing Free Stuff

. Wednesday, May 6, 2009

When I was most active in the markets, there was only one piece programmable software that was usable, and that was Tradestation. I just downloaded Ninjatrader for free, and you can color me amazed! I know Ninja isn't brand new, but it is to me. Simply an incredible piece of software and if I don't trade through it, its free...A great new tool...


Tuesday, May 5, 2009

Baby Steps

. Tuesday, May 5, 2009

You can't trade without a broker, so after a bit of looking around, Interactive Brokers has my money. I wish I could send more, but it is what it is.

---LOW commissions (although all are cheap these days)
---I can trade ANYTHING through these people
---almost free real time quotes for most markets
---free historical data for the past year
---OCO orders are held on THEIR servers (the only one I found)
---was all done humans involved ( I do have emergency toll free #s)

Of course, I have had an account elsewhere for years, but this is a makeover! I also opened (but did not fund) a back-up brokerage account with Tradestation. As time goes on, I will be depositing some cash with TS for emergency use (if IB goes down or?)

I haven't even made a trade yet, but I feel better already!