Happy Holidays

Last trading day of the year for me unless...........


It's been my best year yet! I am truly thankful and ever watchful.


The markets are still going through transition as the profiles of the players in the market evolve. The demise of the floor has had a considerable impact. I have a number of ex-floor guys as students who are making their own transitions to become electroniclocals, much as I did many years ago. I guess the writing on the wall in London's LIFFE market was writ bolder and bigger and I saw it.


2012 will see me moving even more down the autotrading route. While I will always trade as a discretionary trader, until I can't, I can see the writing on the wall again. Whether it's me with less focus or the markets transitioning, I believe that going algo will make more money in the long run for me. The more sporadic ebbs and flows are well suited to algos who can lie in wait for the picture they are designed to trade. Running a futures portfolio will even out the draw downs and allow me to use more capital than I can as a discretionary trader.


Yesterday's DAX trading had just 4 trades and made 2924 Euros per contract. A great day! Not all days are like that. Plenty of losing days and weeks but the months seem to be green, at least so far. See the stats from yesterday. I try and not look at fully auto algo performance during the day as I don't want to override trades or switch the algo off when I see losses. I must admit that it requires discipline and a firm decision to accept and rely on all the testing I did. The trade off is I'm free of my workstation and can take my iPad and check that the Internet connectivity to my cloud is intact.


Happy holidays to all and I wish you all a Happy New Year and a year of Great Trading!!! Finally, to those people stuck in the MFGlobal mess, I wish for you that it all works out and hope that the regulators ensure that such an event can not happen again. But I won't hold my breath on that one.