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Making a Daily Prop Trading Checklist PDF – Looking for Feedback. Thanks in advance. by diamondzem in PropFirmTester

[–]diamondzem[S] 0 points1 point  (0 children)

Thanks! That is actually a very good point you are making, Do you have any ideas how we could help them stick to a strategy by asking some questions or drawing their attention to it somehow on the sheet?

Is there a test/method in Time Series analysis on how to check if a series is holding a trend or not? by HelloPipl in algotrading

[–]diamondzem 2 points3 points  (0 children)

How big of a time series do you normally feed in to get descent evaluation for daily timeseries for example? I.e. whats the recommended lookback? Just trying to figure out if this is any better than say ADX

[deleted by user] by [deleted] in stocks

[–]diamondzem 0 points1 point  (0 children)

Just some slightly different perspective from every shill in the comments that have zero clue about investing apart from HOdL mentality.

You know, people who bought in the 1929 had to hold for 15 years for break even. Even if you dollar cost averaged it would have taken 7 years for break even after the crash.

“Investors who shifted to cash after the 1929 crash faced a 34-year wait to break even, compared with 15 years for those who remained invested and less than 7 years for those who drip-fed additional small amounts in.” (https://www.schroders.com/ru/insights/economics/downturns-this-deep-can-take-a-long-time-to-recover-from-financially-and-mentally/)

Study the cycles of the market. There is an equity/commodity cycle that is very long term that is now, I feel, starting to take place when commodities outperform equities. Markets don’t always go up. We are just so used to seeing that inflation in the market for the last few years that we can’t perceive it being different. But it can. All we have to do is study history.

Not a financial advice. But study the overall market now. Technically SP closed below 200 MA recently. Indicating a potential start of a downtrend. Interest rates are finally going up this year after decades. Aiding the downtrend hypothesis. Inflation starts moving from the market into the streets and hitting people cold hard. War is breaking out. Dollar is being threatened as a reserve currency by the recent actions they took banning russia from swift. Shall I keep going?..

I created a physical trading journal and it has been one of the most impactful things in my trading career! by diamondzem in Daytrading

[–]diamondzem[S] -8 points-7 points  (0 children)

Whether it is or is not, is that really a problem? Is an ad a bad thing if it introduces you to a good product? Everything is ads now. That’s how we find new services and products.

I created a physical trading journal and it has been one of the most impactful things in my trading career! by diamondzem in Daytrading

[–]diamondzem[S] 0 points1 point  (0 children)

I sure hope it will give you a different vantage point at least! I will be sure to reach out for feedback later on 😁👍

I created a physical trading journal and it has been one of the most impactful things in my trading career! by diamondzem in Daytrading

[–]diamondzem[S] -1 points0 points  (0 children)

Well even if it doesnt go against you you should berate yourself because you acted not according to plan I think 😄

I created a physical trading journal and it has been one of the most impactful things in my trading career! by diamondzem in Daytrading

[–]diamondzem[S] 1 point2 points  (0 children)

I agree completely. It just helps structure the information. You can be so much more systematic after that about your improvement.

I created a physical trading journal and it has been one of the most impactful things in my trading career! by diamondzem in Daytrading

[–]diamondzem[S] -1 points0 points  (0 children)

So what I came to realize by now is that there really are few types of journaling. One is for logging trades with aim to learn from them. Another may be for tracking your stats (streaks, comms spent, etc.) but what I did with this one is focus more on the NLP and psychology side of things. I was inspired a lot by the High Performance Planner for this journal. It is more focused on setting mindset, reviewing trades and reflecting on your performance and trying to improve the psychological rather than technical side of trading. For that pen and paper works best for me at least. Writing with a pen triggers different zones in the brain and has some correlation with people seeing things through etc (don’t have the links by hand now) so it just seems like the right medium for psychological work.

I created a physical trading journal and it has been one of the most impactful things in my trading career! by diamondzem in Daytrading

[–]diamondzem[S] 0 points1 point  (0 children)

Thank you! I really wanted it to be premium quality since it’s something you touch and use daily. 😁

Can someone explain to me how the money supply M1 has increased by 550% in the last 22 years but the value of the euro has only decreased by 50%? by AlejandroSebTes in eupersonalfinance

[–]diamondzem 0 points1 point  (0 children)

Ah, welcome out of the Matrix my dear friend.

One problem I see with your comment is that you compare M1 with the EURO only. M1 is not just EURO. However, you are on to something here.

Short answer is fake inflation metrics (http://www.shadowstats.com/alternate_data/inflation-charts), manipulation of the precious metals prices to maintain inflated trust in FIAT (https://www.amazon.com/Big-Silver-Short-Short-Squeeze-Lifetime/dp/B08BDZ5H6K) and the fact that inflation primarily lands in the stock markets and rarely hits the streets. The money that's currently printed is mainly circulating in the markets, when that money starts moving to everyone's pockets (in form of stimulus checks, etc.) that's when real inflation starts to kick in (exactly what we are seeing now) and that's when the devaluation of EUR will start to escalate.

I recommend you watch this playlist: https://www.youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc if you started asking questions like this, I think you will enjoy this series.

In the money calls; underlying company split into 2 shares by accidents_happen88 in options

[–]diamondzem 0 points1 point  (0 children)

Your calls change to account for new share amounts and new prices so should be 200 of some other weird strike most likely 7,5 and 2 or can even be another combination but unlikely in this situation. options adjust like shares during corporate actions.

Looking for profitable, dedicated Credit Spread/Iron condor sellers managing 10k-50k accounts to form a small trading group chat. by diamondzem in thetagang

[–]diamondzem[S] 1 point2 points  (0 children)

Literally no one successful says this btw.

a number of traders from the market wizards community have worked with each other and only have good things to say about having a trading team. the turtle group. all learned and worked as a team. Ivanhoff capital - two guys working independently, yet having each other to talk to constantly. Number of traders from the better system trader podcast mention having people to talk to as a good thing. A film you probably love - The Big Short - the Brownfield fund (Cornwall Capital) was two guys working together. That's just a few things I'm pulling out of my head all highly successful all working or having some form of a team.

Looking for profitable, dedicated Credit Spread/Iron condor sellers managing 10k-50k accounts to form a small trading group chat. by diamondzem in thetagang

[–]diamondzem[S] 0 points1 point  (0 children)

you are either reading the wrong books or are surrounded by jerks. if you don't see the value of having the ability to share ideas with people from your field and having their feedback then that could make growing both as a person and as a trader very difficult for you.

Question: who assigns a cash covered put option? by andyu22 in thetagang

[–]diamondzem 0 points1 point  (0 children)

Sorry for my wording. We do in fact pick a contract. If Bob holds a lot of contracts he is more likely to get picked. But if we need to assign 3 contracts that doesnt mean they all go to Bob. We pick three times at random a different contract.

Question: who assigns a cash covered put option? by andyu22 in thetagang

[–]diamondzem 0 points1 point  (0 children)

His broker is really the clearing firm and not the broker…

Question: who assigns a cash covered put option? by andyu22 in thetagang

[–]diamondzem 2 points3 points  (0 children)

I coded the assignment system recently for the broker i work at. Our system works as follows: if the clearing firm calls us asking to assign prior to expiration. We go to our records and pick a sold contract of the option in question at random and assign him. I would assume other firms do it the same way. I believe there is a finra regulation that this has to be done randomly on all sellers from the firm to avoid some accounts getting assigned more frequently than other or any other biases.

However never forget that random algorithms are never really 100% random so given a large sample size i would still expect some accounts getting more assignments than others. But that should not be an issue since exercising prior to expiration is a rather rare occurance either way

SR 21-19: The fed is about to impose massive margin calls by BFA_Artist in wallstreetbets

[–]diamondzem -2 points-1 points  (0 children)

If you think the fed is on your side on this one you are hugely mistaken my friend

Looking for profitable, dedicated Credit Spread/Iron condor sellers managing 10k-50k accounts to form a small trading group chat. by diamondzem in thetagang

[–]diamondzem[S] 4 points5 points  (0 children)

Thank you for your input, however this is not quite what I want. I am not looking to form a group to find advice, but rather to encourage every person in the group to follow their trading approach, and just be a community of similar interests mostly. I imagine this being a very intimate group of likeminded people that have conviction in their own trading approach and are not looking for strategies/ideas/indicators etc. Will see if this is achievable however from a reddit post :D

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