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I have not checked V/OI but would not be surprised
if leveraged vehicles (e.g., QID, etc.) have not eaten into the
options. They certainly have for me.
Bill
----- Original Message -----
Sent: Friday, August 01, 2008 10:31
AM
Subject: [amibroker] Re: Anyone actually
making money?
>>What ever happened to day traders and short term
traders trading the OEX options or futures contract? This was the premire
indices to trade. It seems you could make a small fortune day trading this
alone.<<
QQQQ options are replacing OEX options as the option
instrument of choice for day trading.
OEX option volume peaked in
the 1980's, today it is less than 15% of its peak value and declining. Open
interest is less than 1/5 of its peak value.
QQQQ option volume and
open interest are much larger than that of OEX options and
rising.
Advantages of QQQQ options over OEX options:
Narrower
spreads, near the money QQQQ options rarely have a Bid/Ask spread > 0.01
-> better fills and larger profits.
More liquid -> faster fills
and less market manipulation.
Larger % moves -> use closer to the
money strikes to get comparable leverage.
>>Why are traders
interested in finding a stock that might make a significant move when
indices maybe a less volatile way to trade?<<
Greater volatility
means greater profit potential.
If you swing trade, there are more
potential trading opportunities with stocks than with indices because there
are many more of them.
Bill
--- In amibroker@xxxxxxxxxxxxxxx, "Ernie
Newman" <trading4@xxx> wrote: > > What ever happened to day
traders and short term traders trading the > OEX options or futures
contract? This was the premire indices to > trade. It seems you could
make a small fortune day trading this alone. > Why are traders
interested in finding a stock that might make a > significant move when
indices maybe a less volatile way to trade? > Just my opinion. >
Ernie > > --- In amibroker@xxxxxxxxxxxxxxx, "Paul
Ho" <paul.tsho@> wrote: > > > > Louis > > A
surgeon trained for more than a decade before his first > operation.
> > An Engineer requires at least one decade of training including
> > university and practical training on the job before he can sign
his > > name on a buiding permit. Everything takes time to master,
trading > > is no different. Universities and colleges divides their
teachings > > into different courses at different degree of
difficulties because > > they know too much knowledge, too much
disorganised knowledge is > > bewildering and confusing to the
learner. This is also true for > you. > > you'll have
to organise the way you learn. Learn one area, > > one timeframe,
one technique, one style and one setup until you > > master it
before you move on to the next. It dosesn't seem you are > > struck
with that technique for the rest of your life. It just mean > >
you'll have to learn how to walk before you run. > > There are many
styles, and techniques, setups out there. Decide on > > one and
stick with it until you understand it, know it, proficient > at
> > applying it before you move on. Amibroker forum is a
smorgesboard > of > > discussions and ideas, but it can
become a distraction if you are > not > > disciplined enough,
jumping from one idea to the next, without > giving > >
sufficient time to let it "get" to you. > > You will no doubt make
your own mind up. You will make a decision > on > > what you
do based on your personality, trading styles, and perhaps > > you
circumstances. Some time later, you may revisit your decisions > >
again, but fundamentally your future will be pretty much guided by >
> the decisions you make today. If you understand that, then you will
> > also understand that you, and you alone are the cause of your
own > > fortune. There are plenty of people who fail and succeed in
each > > style. Whether that is Support and Resistance, or intrdays
system > > based auto-trading, and how much concentration,
dedication and > > tenanicity you are going to give to honour your
decision, it is all > > up to you. > > --- In amibroker@xxxxxxxxxxxxxxx, "Louis
P." <rockprog80@> wrote: > > > > > > Thank you
all for your responses. What can I say, except that > > there
is lot > > > of stuff to think about here! > > >
> > > From what I have read, the most important part to actually
make > > money from > > > all this is Money
Management. That's where I am so weak; I tried > > to
deal > > > with low-liquidity stocks precisely because I wanted to
get a > > leverage, but > > > I don't see how I can do
this on high liquidity stock without > > having to use > >
> all my money power (to get on the margin). > > > >
> > There is a big part on charts, indicators, etc. in the manual,
> but > > maybe it > > > would be nice to have
more explanation about all to use money > > management > >
> tools. Or maybe I missed the explanations. > > >
> > > What's my goal? 30-40% a year is what I'd like to
achieve. I > was > > able to > > > build a
system using low-liquidity stocks to build that, but that > > was
before > > > I realized that real-time trading has a limit of 500
"live" > > tickers. I > > > tried to find a way
around that problem, but well, it didn't work. > > > > >
> To Brian: yes I have read the messages about this. I read about
> > 75% of > > > everything that is written on this
board. But it didn't help me > > enough... > > >
yet. I might have to rethink how I do things. I was (and
still > > am) just > > > curious to see how other people
were dealing with this; is it > > possible to > > > make
a lot of money with this, and if yes, how ("how" is not > asking
> > for a > > > particular code, but more general
ideas). Right now I am > working > > on
high > > > liquidity stock, but I feel like this might also be a
wrong idea. > > > > > > To you people who make a lot
of money using automated trading > code > > generated >
> > with AB, on what kind of markets do you do it? Stocks?
> Futures? > > Big caps, > > > small
caps? > > > > > > I've read people who say a big
problem is sticking to the system. > > > Personnally I think this
will be the easiest part for me; when > the > >
system > > > will be ready I will follow it blindly. The
problem to me is how > > to get > > > there. 7
months might seem like not a lot of time, but I worked > >
numerous > > > hours on this in that timeframe and had brilliant
ideas that just > > wouldn't > > > do the trick.
That's why I am confused right now and I was > actually > >
> wondering if it was possible to make money out of this. > > >
> > > Thanks a for your interesting responses! > > >
> > > Louis > > > > > > > >
> > > > 2008/7/31 sidhartha70 <sidhartha70@> >
> > > > > > Ohh Paul... I agree about
knowing yourself as I said in my > > answer to > > >
> Brian. But that's a given surely...?? You only learn that from >
> years > > > > of trading and observing yourself... you can
of course become > > informed > > > > on the subject
of yourself... there's plenty of literature on > > it... >
> > > Mark Douglas obviously. > > > > > >
> > But I stand by what I said... you can become a great trader by
> > really > > > > understanding trendlines, support
& resistance in it's many > forms > > and > >
> > studying price & volume action... > > > > >
> > > I know it... because I've seen it... and I've done it. >
> > > > > > > You have your techniques Paul... and
good luck to you. Great if > > they > > > > work for
you. For me, this is what has worked for me... > > > > >
> > > Henrik thanks for your response. Good to see others
agree. > > > > > > > > Paul, might I suggest you
get out more and make some more human > > > > connections...
you'd probably find you'd be happier, less > angry, > >
less > > > > arrogant, less superior and might even enjoy some
of this money > > you > > > > make trading... >
> > > > > > > > > > > --- In amibroker@xxxxxxxxxxxxxxx
<amibroker% > > 40yahoogroups.com>, "Paul Ho" > > >
> <paul.tsho@> wrote: > > > > > > > >
> > I'm still waiting for your to say something sensible, that's
> of > > value, > > > > > > rather than
just dig everyone out...??? > > > > > > > > >
> LOL, I just told you. YOu cant become a good trader until you >
> know > > > > > yourself, really know yourself. Knowing
how to draw a few > lines > > makes > > > >
> you a TA guy, not a trader. understanding the market makes > you
a > > > > > market analyst. Even know how to develop a
system doesnt make > > you a > > > > > trader
either, you are merely a system developer. When you > >
master > > > > > yourself, you are on your way to become a
real trader. > > > > > Just because you've been involved in
trading for years, > seeing > > others > > > >
> making millions, no more makes your a trader than me an > >
olympian just > > > > > because I've been watching olypmics
for the last 45 years. > > > > > You might think I'm
slagging you off, but in years to come, > you > >
will > > > > > find out for yourself whats true. >
> > > > > > > > > --- In amibroker@xxxxxxxxxxxxxxx
<amibroker% > 40yahoogroups.com>, > > > >
"sidhartha70" <sidhartha70@> > > > > > wrote: >
> > > > > > > > > > > Paul, > >
> > > > > > > > > > I programme too...
nothing wrong with programming and > making > > your >
> > > > life > > > > > > easier. And nothing
wrong with asking for someone to 'throw > > you a > > >
> > > bone' in that goal... I'm new to AFL. So what?? > >
> > > > > > > > > > I've been involved in
trading for many years... market > > making, index > > >
> > > arbitrage, statistical arbitrage, long/short prop etc..
> many > > years. > > > > > > And some
of the best money makers I've ever seen have been > >
traders, > > > > > > not system traders, who genuinely
have a great read of the > > market > > > > > >
based off tape reading skills... they have achieved returns, > > >
> > > consistently, that systems traders can only dream of... >
> > > > > > > > > > > I've traded both...
systems and otherwise... you can > > programme all > > >
> > the > > > > > > most complicated indictaors you
like... they are all based > on > > the > > >
> > same > > > > > > things tape reading is...
which is price & volume action... > > > > > > >
> > > > > I'm still waiting for your to say something sensible,
> that's > > of > > > > > value, >
> > > > > rather than just dig everyone out...??? > >
> > > > > > > > > > --- In amibroker@xxxxxxxxxxxxxxx
<amibroker% > > 40yahoogroups.com>, "Paul > > >
> Ho" <paul.tsho@> wrote: > > > > > >
> > > > > > > > learn everything you can >
> > > > > > about trendlines, support & resistance and
the old tape > > reading > > > > > skills >
> > > > > > and you will be miles ahead of 'system
developers' in > terms > > of > > > > >
> > actually understanding the markets and becoming a better >
> trader. > > > > > > > ....... > > >
> > > > So you think understanding a few lines on the chart you
> will > > > > > become > > > > >
> a better > > > > > > > trader!!! > >
> > > > > So you think understanding the market will make you a
> better > > > > > trader!!! > > > >
> > > So you think you are miles ahead just because you know >
how > > to > > > > > draw a > > > >
> > lines > > > > > > > rather than a system
trader who write a few hundred lines > of > > > > >
codes. > > > > > > > NONE OF THE ABOVE WILL MAKE YOU A
GOOD TRADER > > > > > > > YOU WILL ONLY BECOME A GOOD
TRADER IF YOU KNOW YOUSELF. > > > > > > > > >
> > > > > I'LL KEEP THIS IN A SAFE PLACE AND USE IT AS A REPLY
WHEN > > YOU ASK > > > > > > SOMEONE TO >
> > > > > > THROW YOU A BONE. > > > > >
> > > > > > > > >
________________________________ > > > > > > > >
> > > > > > From: amibroker@xxxxxxxxxxxxxxx
<amibroker% > > 40yahoogroups.com> > > > > >
[mailto:amibroker@xxxxxxxxxxxxxxx <amibroker% >
40yahoogroups.com>] > > > > > > > On Behalf Of
sidhartha70 > > > > > > > Sent: Thursday, 31 July 2008
10:47 PM > > > > > > > To: amibroker@xxxxxxxxxxxxxxx
<amibroker% > 40yahoogroups.com> > > > > > >
> Subject: [amibroker] Re: Anyone actually making money? > > >
> > > > > > > > > > > > > >
> > > > > > > > > > > Louis, > >
> > > > > > > > > > > > Here's my
tip... worth it's weight in gold. I've been > doing > > >
> > this for > > > > > > > a > > >
> > > > long time... > > > > > > > >
> > > > > > Stop looking for the holy grail system... learn
everything > > > > > you can > > > > >
> > about trendlines, support & resistance and the old tape >
> > > > reading > > > > > > >
skills > > > > > > > and you will be miles ahead of
'system developers' in > terms > > of > > > >
> > > actually understanding the markets and becoming a
better > > > > > trader. > > > > > >
> > > > > > > > Too many people spend far too much
time trying to develop > > > > > a 'system' > >
> > > > > rather than becoming a better trader. > >
> > > > > > > > > > > > --- In amibroker@xxxxxxxxxxxxxxx
<amibroker% > > 40yahoogroups.com> > > > > >
> > <mailto:amibroker%40yahoogroups.com
<amibroker% > > 2540yahoogroups.com>> > > > >
, "Louis P." <rockprog80@> > > > > > wrote: >
> > > > > > > > > > > > > > >
Hi, > > > > > > > > > > > > >
> > > I was only wondering... Anyone actually making money or >
> > > > making a > > > > > > >
living > > > > > > > > with AB and trading? >
> > > > > > > > > > > > > > >
I've been working on ideas and plans for over 7 months > now >
> > > > and > > > > > > > didn't
find > > > > > > > > anything convincing yet. I've
been searching daily data, > > > > > then > > >
> > > > hourly, > > > > > > > >
15-minute and now I am into 1-minute data and nothing > >
seems > > > > > > > satisfying. > > > >
> > > > Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing
> > seems > > > > > to > > > > >
> > work. > > > > > > > > > > >
> > > > > So... Anyone is making consistent money with this,
and > if > > > > > so, at > > > > >
> > which > > > > > > > > timeframe and how
do you do it? > > > > > > > > > > >
> > > > > I'm beginning to think about switching to tick
> database; > > it > > > > > seems >
> > > > > > even > > > > > > > >
1-minute is too slow for intraday trading. Anyone making > > >
> > money > > > > > > > with > > >
> > > > > 1-minute? > > > > > > >
> > > > > > > > > Thanks, > > > >
> > > > > > > > > > > > Louis >
> > > > > > > > > > > > >
> > > > > > > > > > > > > >
> > > > > > > > > > > >
> >
> >
------------------------------------
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