Ex Insti Trader... AMA - Page 3
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Thread: Ex Insti Trader... AMA

  1. #21
    Quote Originally Posted by ;
    quote 1) I never took pics on the trading floor since this is highly frowned upon and will get you in real trouble with your compliance section. 2) You mean largest order we needed to work for a client or largest clip dimensions I exchanged at once or largest position I conducted in my books? 3) You mean wages or just how much our funding was that we were supposed to make?
    1)What is the largest clip dimensions you have traded for a currency pair?
    2) How much can you make YOURSELF per month/year? Calendar year Greatest year/worst?

  2. #22
    Dear alphaviech, thanks for your thread. An enlightening and rewarding one for people wishing to learn.

    Question: Considering that insti transactions are often long term and follow fundamentals, what makes sense, is it ok for those transactions to have a drawdown of a 2/3% and take care of the position (not allowing any stop loss to shut it)?

    Thank you again.

  3. #23
    Quote Originally Posted by ;
    Hi alpha, is there any advice you've got for us to improve trading consistency? Since you've got the consolidated order book for a bank, you pretty much know the direction for every currency for the whole day unless there's a few major market news coming up. Does not that give you a massive edge.
    Again I don´t feel qualified to provide general advice as everyone has his own style....

    Concerning the order book - its not like you've got hundreds of millions every opinion pips. Envision it like a instrument like technical analysis. If you look at charts all you attempt to do is figure out where buyers are and at which sellers are. And an orderbook can provide you with the info. In case you have clusters of sized orders at a level you can assume that there'll be some resistance there. But at the exact same time you dont have a guarantee your publiion is an accurate representation of the whole market. Its just an additional piece of information nothing.

  4. #24
    Quote Originally Posted by ;
    quote again I don´t feel qualified to give general guie as everyone has his own style.... Concerning the order book - its not like you've got hundreds of millions every opinion pips. Envision it more like a instrument like specialized analysis. When you take a look at charts all you try to do is figure out where buyers are and at which sellers are. And an orderbook may give you the same information. In case you have clusters of decently sized orders at a certain level you can assume that there will be some resistance there. But at precisely the same time you dont have a guarantee that...
    Alphaviech,

    Which are a few of the tools/processes that are easily accessible that Retailers are unaware to that could enhance their trading success?

    Due

  5. #25
    Quote Originally Posted by ;
    Dear, thanks for your thread. An eduional and rewarding one for those who aim to learn. Question: Considering insti transactions are usually long term and follow fundamentals, what makes sense, could it be okay for those transactions to have a drawdown of a 2/3percent and take care of the position (not letting any stop loss to shut it)? Thank you again.
    Is your query if 2-3 percent was okay for me personally when I exchanged for a bank or if I'd let it run that far on my own account today?

  6. #26
    Quote Originally Posted by ;
    Does institutional traders utilize footprint charts? Does the order book they utilize reveal pending orders 20~50 price amounts above and below the current ask and bid price?
    I didnt even know what a footprint chart was earlier I googled it . But to be fair I dont see the value in that - FX doesnt have a centered order book anyways in system like EBS that you will never know whether the amounts you see are real or if a algo is flashing.

    Depends however you want to set it. But before news or another risk event that is was to narrow. I normally checked whats in 1% of my pairs before important data came out.

  7. #27
    Quote Originally Posted by ;
    quote Alphaviech, What are a few of the tools/processes that are easily accessible that Retailers are oblivious to this could enhance their trading success? Thanks
    Buying a few beers and not trading from boredom if there's a market environment that doesnt pose any chances...

  8. #28
    Quote Originally Posted by ;
    quote 1)What is the most significant clip size you've traded for a currency pair? 2) Just how much do you create YOURSELF a month/year? Greatest year/worst year?
    If you have a relly big amount to perform you dont just go out and strike on the systems - there are execution algos that do that for you. They skew your prices in given parameters aspire to go hit the systems.... If this doesnt happen in a particular period then they go out and hit the best prices they could find. But on aggregators that pool liquidity out of a few systems you could like commerce eurusd in 100 mio with possibly two pips spread.

    I wasnt permitted to trade private accounts while in banks. .
    And our P/L goal from the bank was

  9. #29
    Quote Originally Posted by ;
    quote Is your question if 2-3 percent was okay for me personally when I exchanged for a bank or when I'd let it run that far in my own account today?
    Can you mind answering both?

  10. #30
    Quote Originally Posted by ;
    quote Do you mind answering both?
    Bank: no and yes - its not like you look at things in duration of drawdown. They just examine the bottom line (corrected by your costs). But I'd regularly some places that were down a couple of% but they weren't a large junk of my general position limit. If I would yuse all my limit for a single place and that would be down a couple of percent that would ring a couple of alarm bells.

    Private: actually depends on what your own goals/financial situation seem like. In the event the money on your trading account is all you have you take your living expenses out of these profits then no egy you ought to be extremely conservative must likely decrease positions when you intend to take long-term viewpoints. If your target is to try and construct your account and breaking it's not any big deal then sure by all means go to it. Of course then you shouldnt be nice with loosing 2-3percent on every trade you require. But if you see a possibility that you feel very confident about then why not opt to an HR?
    But not possible to give a general answer its only too situation dependent.
    However, google Kelly Criterion. If you believe you get a good estimate of what percent of your trades is profitable then that can be a pretty good guide about the best way best to size rankings.

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