tag:blogger.com,1999:blog-8542537863090327723.post3976086791312721208..comments2023-11-02T20:03:23.846+08:00Comments on Risk Management: BlindfoldedFat88Traderhttp://www.blogger.com/profile/17220174897173156744noreply@blogger.comBlogger131125tag:blogger.com,1999:blog-8542537863090327723.post-37455550515699262182012-11-30T18:57:58.132+08:002012-11-30T18:57:58.132+08:00you are probably right and i have much to learn th...you are probably right and i have much to learn the inner workings of the houses.<br /><br />i, and i guess as well as the other retail traders, just take what is given to us.<br /><br />even if there is discripency among us (me and the house), i will just take it as it is, rarely go and argue who's right and who's wrong as long as the amount is small and its usually is.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-51573681863449438892012-11-30T18:27:31.873+08:002012-11-30T18:27:31.873+08:00Of course you are not cheating, you are too small ...Of course you are not cheating, you are too small to do it, hahaha and you have no idea how to do it.<br /><br />No buyer or seller? It's computerised now, so your naked eye can't see it, it's nano seconds. And probably some of the houses cross the trades.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-42900675577701462132012-11-30T18:07:52.440+08:002012-11-30T18:07:52.440+08:00and one more thing to confirm my suspicious, i loo...and one more thing to confirm my suspicious, i look at he order book and check the fills of all the trades, ya, it says xxx (quantity) with no buyer or seller.<br /><br />to be honest, i know little about the financial ruling, i just use common sense to tell me right or wrong. mine is pure system trading and i know i never cheat, how can i? coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-82828002112441217912012-11-30T17:55:37.252+08:002012-11-30T17:55:37.252+08:00ok, so you are net short 100k that's less than...ok, so you are net short 100k that's less than 2 lots of Simsci.<br /><br />Your old knife still sharp, mine already blunt, so it's going to be different way of trading.<br /><br />I had a friend who did very well as a prop trader, but unfortunately he did something against the law and now out of the financial line. He did what some of the Algos are doing now which the regulators are unable to nap.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-77902039311476643752012-11-30T17:55:16.699+08:002012-11-30T17:55:16.699+08:00i think algo is not correct either, i'm very s...i think algo is not correct either, i'm very sure the price didn't moves at all!<br /><br />price was trading say at 1.350 (200 lots)/1.355(150 lots), i had a sell order at 1.365 for 20 lots.<br /><br />so suddently my order is fill (ofcos my alert ring) and when i see the bid and offer, its still stay at 1.350 (200 lots)/1.355(150 lots)!!! never change!<br /><br />why? nobody seems to know but what the hack, i just went in and buy 20 lots at the market ofcos. (by the way thats really yum trade haha)<br /><br />may be i should call it quantum tunnelling as thought it can go through the price without touching it.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-62872943597956554902012-11-30T17:38:52.140+08:002012-11-30T17:38:52.140+08:00today i got another extra around 100k net short (a...today i got another extra around 100k net short (after offsetting the longs). so very the can? <br /><br />actually its nothing cos overall its still within my range (i call it boundary as in cosmology).<br /><br />hey thanks for the advise, but if i can joint others (not necessary the broking house) i would have done it long ago. <br /><br />50/50? or 75/25? if its 50/50, thats about the same % my broker is getting out from me. if its 75/25, thats a good deal.<br /><br />but wait! who want an old man like me? i think i better step one side and let the youngster have a chance haha.<br /><br />and also i don't want to get exited and thinking about prop trading and make it big and get my head over the top. i know my limit and most important my character.<br /><br />but i still thinking about it though and left the option open, many thanks for the encouragement.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-47891014037332316162012-11-30T17:14:32.638+08:002012-11-30T17:14:32.638+08:00yup, I know it's a writing error, but if it...yup, I know it's a writing error, but if it's done, than it's Yum.<br /><br />Ya, market was so bullish, but you have the guts, you the can! You should join as a prop trader with one of the broking firm, but have to share 50% of your profit with them, while the losses are all yours. But no comm. so you can trade even more.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-62106474385343383132012-11-30T16:57:04.171+08:002012-11-30T16:57:04.171+08:00no no, it was a writing error, its 3.27!
i actual...no no, it was a writing error, its 3.27!<br /><br />i actually wanted to get out at 3.32, for others to yum me! fortunately close at 3.27.<br /><br />that was a damb decision to short at the first place.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-83813187760179997622012-11-30T16:51:21.177+08:002012-11-30T16:51:21.177+08:00As long as it's a profitable trade straight aw...As long as it's a profitable trade straight away after being hit, that's a Yum trade. Like yesterday if you managed to get Singtel at 3.17, that's damn bloody Yum.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-13469624906633283072012-11-30T16:47:05.150+08:002012-11-30T16:47:05.150+08:00i hear a lot of time this term "yum" tra...i hear a lot of time this term "yum" trade, i know fat use it a lot.<br /><br />but what exactly those it means, where got yum trade before the fact?<br /><br />but i do know what i call yum trades are, they are given, like you want to get out at certain price but they gives you a better fills, thats yum trade!<br /><br />a lot of these yum trades actually happen during market open and especially closing period, ofcos provided that you are not in a desperation of getting out (like my singtel shares yesterday).<br /><br />and i swear again, the misterious xxx trades (i suspect algo which just happen seconds ago) that i got hit without price moving at all! thats another kind of yum.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-36229039610527608452012-11-30T16:44:14.410+08:002012-11-30T16:44:14.410+08:00You can blog as much as you want here, it doesn...You can blog as much as you want here, it doesn't cost me a cent! Calculative right? But when I don't reply that mean that I am out of the house having coffee with some of my friends. So you might feel a bit lonely.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-66086241347893592142012-11-30T16:09:40.745+08:002012-11-30T16:09:40.745+08:00i know there is a limit but i just don't know ...i know there is a limit but i just don't know where.<br /><br />but if you ask me whats the limit one can get in a row (we call it one cue) in snooker, thats 147 points.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-85937259025956517242012-11-30T15:56:38.627+08:002012-11-30T15:56:38.627+08:00during my childhood, i couldn't understand why...during my childhood, i couldn't understand why i can't go to neighbor or friends house to take their food to eat or even sleep there.<br /><br />why can't i? i ask. they can come to my house and do like wise what. <br />so i did what i did back then and they never comes. and i have to learn the hard way of knowing what not to do.<br /><br />so fat, should you feel you need to do so, please signal me. i'll understand.<br />coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-14089363729709742712012-11-30T15:33:46.372+08:002012-11-30T15:33:46.372+08:00Yea, lets drink to the century break!
Microsoft &#...Yea, lets drink to the century break!<br />Microsoft 'adopted' this song for their Window 8 launch.<br />Let the child in us come out to play...enjoy!<br />http://www.youtube.com/watch?v=Gj1YuTYxvLQKAWhttps://www.blogger.com/profile/03083459359853728693noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-52121573826692823422012-11-30T15:31:59.423+08:002012-11-30T15:31:59.423+08:00on this blog i got like 4 to 5 hits.
my trading, ...on this blog i got like 4 to 5 hits.<br /><br />my trading, believe it or not, i got well over 30 hits already for today!<br /><br />but quite a few are cutting losses unfortunately.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-38297531973309759662012-11-30T15:24:15.984+08:002012-11-30T15:24:15.984+08:00hahaha, in a flash i thought you wanted say things...hahaha, in a flash i thought you wanted say things like "I am calculative when it come to cost, its times to get it off my back" or something.<br /><br />yap, for that i feel bad about it but its too fun to give up just yet, blogging is almost identical to trading for me.<br /><br />i feel i'm back in childhood times and as free as and do as what i like/please.coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-2241515316831538342012-11-30T15:05:31.119+08:002012-11-30T15:05:31.119+08:00Indeed you are, hahaha, but on other people's ...Indeed you are, hahaha, but on other people's blog.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-49466560920919785602012-11-30T15:04:38.360+08:002012-11-30T15:04:38.360+08:00This comm rate from my broker date back many years...This comm rate from my broker date back many years ago, at that time it was a good rate because I hardly trade stocks due to the higher comm compared to futures.<br /><br />I am calculative when it come to cost, maybe it's time to negotiate again.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-72814928536726566012012-11-30T15:01:04.023+08:002012-11-30T15:01:04.023+08:00i thing i can have the honor of being call HFB. hi...i thing i can have the honor of being call HFB. high freqency blogger!coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-54700548065969367642012-11-30T14:59:12.908+08:002012-11-30T14:59:12.908+08:00very thoughtful KAW
wow, this must be a record, c...very thoughtful KAW<br /><br />wow, this must be a record, century break!coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-434867203997060592012-11-30T14:37:25.318+08:002012-11-30T14:37:25.318+08:00Thanks for the heads up in IG Market, coconut. For...Thanks for the heads up in IG Market, coconut. Fortunately or unfortunately I have another remisier also a member of AFACT waiting to sign me up despite me telling him I am a small timer. :( But I have to tell him to be patience till my other friend is up and running or throw in the towel...guess its a rather competitive world for them too just like everywhere else.KAWhttps://www.blogger.com/profile/03083459359853728693noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-23920573436052603232012-11-30T14:16:07.281+08:002012-11-30T14:16:07.281+08:00Silly as it may sound to some but I treasure relat...Silly as it may sound to some but I treasure relationship. Current rates is in support of a course mate who loss his job and starting out as remisier.KAWhttps://www.blogger.com/profile/03083459359853728693noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-8507711171878115222012-11-30T14:13:10.055+08:002012-11-30T14:13:10.055+08:00Haha coconut...u got me wrong this time. I was onl...Haha coconut...u got me wrong this time. I was only referring to FAT being kind of unfairly treated as he has decades of relationship with the house.<br />I am a small fry in comparison and I am still working within the retail rates, I just price it in. KAWhttps://www.blogger.com/profile/03083459359853728693noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-27434781625411003812012-11-30T13:41:32.097+08:002012-11-30T13:41:32.097+08:00another one (thats KAW) always look for bargains h...another one (thats KAW) always look for bargains haha. KAW, if you want cheap CFDs go to IG market.<br /><br />may be or most likely its me that is having problem. i never like to bargain, very unlike a trader who always want a good deal. ofcos i want a good deal, but i just don't like the bargaining (and the sourcing) part.<br /><br />if i want to buy something in a shopping center, 5 to 10 minutes is all i need whereas my wife will take 5 hours.<br /><br />is it good or bad for trading? my answer is a definately yes.<br /><br />coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.comtag:blogger.com,1999:blog-8542537863090327723.post-89563179647950065392012-11-30T13:23:58.903+08:002012-11-30T13:23:58.903+08:00Hahaha, yes definitely, that's the best you ca...Hahaha, yes definitely, that's the best you can have already.<br /><br />You are right, as long as you don't trade tic by tic, it's ok.<br /><br />I am not giving excuses, just want to maximise my profit and paid for my effort.Fat88Traderhttps://www.blogger.com/profile/17220174897173156744noreply@blogger.com