Thursday, June 25, 2009

Michael Jackson... RIP


M J Stock pattern June 25, 2009

Wednesday, June 24, 2009

Gas Saving Tips

I was reading an old Article from CalTrader on saving money at the gas pump.

Here are the three main tips-
1.Fill up in the morning when the outside temp is colder,(gas condenses at colder temps, so you get more bang for your buck as opposed to buying the middle of the day when its hot)
2.Fill up with the nozzle at half cock instead of fully pressed down,(less vapors escape when the filling rate is slower)
3.Fill up when your gas tank is 50% empty,(gas will evaporate faster if there is more air in the gas tank)

The facts from CalTrader-

Only buy or fill up your car or truck in the early morning when the ground temperature is still cold. Remember that all service stations have their storage tanks buried below ground. The colder the ground the more dense the gasoline, when it gets warmer gasoline expands, so buying in the afternoon or in the evening....your gallon is not exactly a gallon. In the petroleum business, the specific gravity and the temperature of the gasoline, diesel and jet fuel, ethanol and other petroleum products plays an important role.

A 1-degree rise in temperature is a big deal for this business. But the service stations do not have temperature controls.
Compensation at the pumps.

When you're filling up do not squeeze the trigger of the nozzle to a fast mode. If you look you will see that the trigger has three (3)stages: low, middle, and high. In slow mode you should be pumping on low speed, thereby minimizing the vapors that are created while you are pumping. All hoses at the pump have a vapor return. If you are pumping on the fast rate, some other liquid that goes to your tank becomes vapor. Those vapors are being sucked up and back into the underground storage tank so you're getting less worth for your money.

One of the most important tips is to fill up when your gas tank is HALF FULL or HALF EMPTY. The reason for this is, the more gas you have in your tank the less air occupying its empty space. Gasoline evaporates faster than you can imagine. Gasoline storage tanks have an internal floating roof. This roof serves as zero clearance between the gas and the atmosphere, so it minimizes the evaporation. Unlike service stations, here where I work, every truck that we load is temperature compensated so that every gallon is actually the exact amount.

NinjaTrader 7 ,,,,still waiting


They first said December 2008, then they said the end of 1st quarter 2009, then they said the end of June 2009. Now NinjaTrader has pushed back the new release until the end of 2009 with a Beta release in September. Although I was expecting NT to fail again due to their history, they gave me some hope by showing me the new improvements at the NT 7 update webpage. I'm most excited about the multiseries data plot and indicators based on different data series.

Friday, June 19, 2009

The cancellation betting system and trader capitalization

An Excerpt from a recent post at Traderfeed-
The turning point for me came several years ago when I had a heart to heart and confidential conversation with the founder of a large retail brokerage firm. He expressed interest in my work, because he wanted to see more small traders succeed. He stated, based on his company's research, that over 80% of all traders blew out their accounts well within a year of opening them up. That percentage, moreover, was much greater for small accounts, he pointed out, because those accounts took on too much risk in an effort to generate financially meaningful returns. When I asked the brokerage executive how many small traders (i.e., those with less than $100,000 of cash in their accounts) sustained a living from trading, he said he had never encountered such a situation. Yes, there will always be outliers who make outsize returns for a year or two, but sustaining such performance is far, far, far from the norm.

Summary- Most traders have less then 1 year of experience, are under capitalized, and end up losing there money.

This is not a big surprise. For example, compare trading to roulette, you have a 50.5% chance of losing against the house and given a long enough time (considering the houses' pockets are larger than yours), you will go broke.(with the exception of those physicists that cheated with the computer).

How does capitalization make any difference in trading? Take a look at the Cancellation Betting System. The smaller your starting bank roll, the faster you will go broke, obviously, but the odds are much higher against you because your average betting unit size is a much larger percentage of your starting bank roll compared to that of a well capitalized trader.

This leads to the question, if in gambling, the house has 0.25-0.5% edge over the players with essentially limitless capital and time, what edge does Mr.Stock Market have over Joe Trader?
While there are many similarities between gambling and trading, the stock market has many other variables to consider; moreover, there are certainly setups in the stock market statistically shown to have a much higher favor in one direction, but it is still up to the astute trader to take advantage of such trading opportunities.

Thursday, June 18, 2009

GXP-F up 355,771.84%


I got in at $57,, should I sell? The Google discussion is pretty funny.

Tuesday, June 16, 2009

Data Feed comparison InterativeBrokers, Lightspeed Trading, TD Ameritrade

I compared Data feeds on a stock (AAPL) between InterativeBrokers vs Lightspeed Trading vs TD Ameritrade. LightSpeed was the best data feed IMO.

Data Feed Comparison InteractiveBrokers vs Lightspeed trading vs Zenfire

Data Feed comparison Interactive Brokers vs LightSpeed Trading vs ZenFire on ES Futures. Zenfire and Lightspeed trading data feed for ES appear to be the same speed and true raw tick by tick data whereas IB gives 0.2-0.3 snapshots of data.

Monday, June 15, 2009

TIM Sykes and Jefferson Krull Video's

A lot of people may not like these guys, but I think they are entertaining. When I first got into trading I had a similar approach to what TIM now teaches, which is basically shorting hyped up stocks. Jefferson Krull has been trading for ages and is known for having the worst luck of any trader. First off, check out Krull's latest video,, it just keeps getting better as it goes on...

TIM on penny stock pumping..

Thursday, June 11, 2009

Quotetracker Automated Trade System Execution Speed

I tested out the execution speed for my QuoteTracker Automated Trade System today and made a video. It took 6 seconds from the time the signal fired to the time I got filled. Also the trailing stop adjusted to the trade what appeared to be less then a second on bracket trader and IB's TWS. Six seconds really isn't that bad of a lag depending on the type of strategy your implementing.

On a side not, I noticed QT's charts were printing candles 1min ahead of the actual time stamp, ie the 6:15am 1min candle (1min candle chart) should have had a close of 940.75 with 537 as the volume but instead it had the close for the 6:15am as 941.25 and 1310 as the volume, which in actuality should have been the close for the 6:16am 1min bar.I checked against IB and ZenFire data, so this is just an issue with QT printing candles 1min early.

PS- How often do you get door to door religious recruits coming to your house? I'd say I average about 1 every 2 months. They always come in groups of 2. I normally try to answer the door naked before they walk away. Good times.........

Quotetracker Chart Settings

In order to display some charts correctly in Quotetracker I change my Chart Preference settings. For example the spike filter is changed to 999. Look at the picture for more detail.

Monday, June 08, 2009

NinjaTrader Debugging with Visual Studio 2008 Tutorial YouTube Video


You need to use a professional addition of Visual Studio or if you use the Express edition you will need to follow the steps outlined here- ad.php?t=15671&highlight=visual+studio

If you have Visual Studio 2005 or 2008 Professional follow these steps-
Step 1- Enable Debugging in NT
Step 2- Bring up a chart and apply the indicators and strategies you want to debug (add your indicators and strategies to the chart)
Step 3- Open Visual Studio (2005 or 2008 Professional Edition)
Step 4- Go to "Tools" and select attach to process and select NinjaTrader.exe (the title should be a chart- ie ES 5min)
Step 5- In Visual Studio open file and go to your ninjatrader directory and select the ".cs" files you want to debug.
Step 6- Add Break points on your selected file (you must add breakpoints in order to debug)
Step 7- Go to your open NT chart and right click and select "reload ninjascript"
Step 8- Visual studio should now pop up going from "running" to debugging" mode and should be focused on your first breakpoint.
Step 9- Add watch points and press F5 to step through.

Remember when debugging that you need to have 1 chart up with the indicators and strategies you want applied to the chart and the debugger starts stepping through at the very first bar on the chart (not the last bar). It is helpful to "add watch" on selected "indicators" and "time" when debugging.

Sunday, June 07, 2009

Future Gaming technology


Porn will never be the same again.....

WTF is wrong with Japanese game developers?

Friday, June 05, 2009

Horse Racing Tick Scalping

Its interesting to see Horse Racing Traders using the same types of tools and techniques that stock traders use, such as using a price ladder to scalp and tick charts with volume for technical analysis.

US residents are restricted from gambling on the Betfair website.

Wednesday, June 03, 2009

Cyborg Trader

With Advancing technology, I would consider becoming a Cyborg. Just imagine how much better you could trade with a computer chip in your head. LOL

Interactive Brokers vs. ZenFire Data Feed

HPT compares the two data feeds- ZenFire is notably faster giving tick by tick data where as IB gives 0.2 to 0.3 second snap shots of the data.

Tuesday, June 02, 2009

Another Mini Madoff Fraud Alert

I'll some up this juicy story, but I suggest reading the full posts and comments( my comments are most notably the best :>)
So LT (aka Lonely Trader, aka Jason Bourne) found a guy in San Diego that was trading a 10 million dollar forex account at the Currency Cafe (aka Douche Central) and from a few sources sounded to be legit. LT sat with the guy named Lee (aka Mini Madoff) a few times and saw how he traded and was impressed and was about ready to slap down his life savings to the guy (150 dollars or some big number). However, just by chance, a guy that was defrauded by Mini Madoff was looking for his videos on youtube to show to his wife and just by chance stumbled upon LT's "LonelyTrader Blog" where he was telling the blogging community (me, FX, LT, Jules, TraderGav, and a couple other third tier blogs) about his recent encounter with a "Multi Million dollar Hedge fund trader; aka Lee Madoff Young". BAAAMMOO!!!!!!
Mr.Good Samiritan emailed LT and immediatly informed him of the fruad Lee Madoff was.
LT Pulled out his funds from Mini Madoff so fast it was reminescent of the Pullout scene in Debbie does Dallas Part II. The Moral of the story is, Google is like a God,, it saves money and sometimes peoples lives, via search results everyday.

Part 1.Another non-trading trading experience

Part 2.Lee Young, Pt II

Part 3.The Lonely Trader has been duped

Here's Lee Madoff's youtube Channel- He gives away SECRETS!!!!! (ROFL)

Monday, June 01, 2009

YM Futures Calendar Spread Trade

On April 30, 2009 I put on a YM Futures Premium Trade by Shorting the June contract and going Long the September Contract.

April 30, 2009- YM Futures Contract- Short June, Long September.

June 1, 2009- YM Futures Contract- Short June, Long September.
As you can see the spread has not tightened at all for the last month. The Trade has been -$30 since I put it on because of the initial cost of the bid/ask spread. The June Contract expires June 19.2009. The next two weeks should tell whether there is any merit to this trade at all.

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