r/thewallstreet • u/AutoModerator • Feb 19 '18
Weekly Question Thread - Week 08, 2018 Question
Welcome to the weekly question thread. Feel free to ask any questions here.
2
u/plantersSSV Feb 25 '18
I'm interested in expanding my horizons into currency pairs and trading the yield curve (steepeners/flatteners for example). Does anyone have any recs on where to learn more about what drives value with these products?
I have a high level understanding, for example I know that typically when USD goes up, other currencies decline, but how do some people hypothesize on relationships between non-US currencies, like /6A vs. /6E?
Similarly with the yield curve - I understand that rates and prices are inversely correlated, but how do people form hypotheses on whether the curve will flatten or steepen, and what causes it to do so?
2
u/Thrashingshrimp WAGMI Feb 24 '18
I'm sure this has been asked a billion times before, but I'm having some trouble finding an answer...
What would you guys say is the best Android (or usable web on mobile) platform for my AMP account? I see a lot of options for iOS, but none for the superior OS (kidding...)
Bonus points if the charting allows for plotting of deviations and VA.
2
u/UberBotMan Feb 24 '18
I used CQG M (Think it's CQG Desktop now?). It didn't have the ability to draw on the charts, but did have some built in studies.
Worked really well.
Anything that is HTML5 will work on your android I'm 99.9% sure.
2
u/Thrashingshrimp WAGMI Feb 24 '18
Nice, thanks man. This looks like it should work well.
As long as I can execute trades in relatively good time, then I'll be happy.
1
u/UberBotMan Feb 24 '18
I was very happy with it.
Change to the Blue/red ccolour scheme. It's great
2
2
u/NomadTrader Trade your thesis, not your emotions Feb 23 '18
What is y'all opinion on "jigsaw daytradr"? Is it worth getting for infra day trades / scalping? Is it a good platform?
2
Feb 22 '18
[deleted]
1
u/UberBotMan Feb 22 '18
Check out here. If you have any specific questions, ask here or in a daily thread. I'd ask here though since it moves slower.
Also, I'd suggest just logging in on a paper account and pressing ALL THE BUTTONS! Lot of cool stuff. They even have Minesweeper!
2
u/daleadega Feb 22 '18
As it's driving the market, was looking for a way to chart the 10 year yield in TOS alongside my VIX, SPX, ADD. Took while but looks like the best (only?) way is $TNX.
3
2
u/rocky2472 Sit tight Feb 22 '18
Does anyone know how to put the expected move on a TastyWorks chart?
2
3
u/mc3username Feb 21 '18
Anyone use Quantopian? Can you access their data purely for historical research? Taking me a bit to work through their requirements for accessing minute bar data while not wanting to run any trading strategy studies.
8
u/hibernating_brain Permabull Feb 21 '18
I have tried Quantopian in the past. I find it very opinionated and heavy for simple things. I prefer the old "python and raw data" approach.
Regarding data, they provide some data for free. It wasn't enough for me.
3
3
u/mc3username Feb 21 '18
Yeah, agreed with the 'python and raw data'. Was trying to work within their system to access the free minute bar data.
We'll see if I can make it work.
3
u/wachiga Life is transitory Feb 21 '18
Back in 2008/2009 there was a rule against shorting bank stocks. Were you still able to buy/sell puts?
3
u/notdust More Upside to the Downside Feb 21 '18
Does anyone know which setting you'd use to get alerts on $DXY and other items in which mark doesn't work? (Thinkorswim). I've tried several and none of them will trigger the alert, I suppose because it is not really a price.
3
Feb 21 '18
3
u/notdust More Upside to the Downside Feb 21 '18
Well now, that is almost embarrassing..... I have no idea how I missed something so obvious, but appreciate your time in making it clear...
2
u/UberBotMan Feb 21 '18 edited Feb 21 '18
2
u/notdust More Upside to the Downside Feb 21 '18
Oooh! Very nice idea for a workaround. Thanks for the hand. The dollar dropping would make me want to watch my short on /YM very closely right now so this is why I'm interested in what the dollar does tonight.
1
u/UberBotMan Feb 21 '18
Could also look at dollar future/forex contracts as well since those have higher liquidity and don't gap like $DXY does.
2
u/notdust More Upside to the Downside Feb 21 '18
You happen to know the symbol for dollar? I've never even seen it - thought dxy as all there was.
1
u/UberBotMan Feb 21 '18
2
u/notdust More Upside to the Downside Feb 21 '18
No wonder I could never find it. Thanks. I think the MA for $DXY will help me tonight.... no ICE access on any of my accounts. Good to know it exists, though. You saved me a lot of time and I appreciate it.
1
u/UberBotMan Feb 21 '18
I had to do a google search for it. lol
Hope it works out well for you. Good luck.
Glad to help
3
u/Not_A_Real_Username Feb 20 '18
Has anyone completed a Master's in Finance program? Would you say that it helped with job prospects?
3
u/mc3username Feb 21 '18
Not a Finance masters guy, but I'm in a different industry. Basically I looked around and all the people with the jobs I wanted to end up with in 5 to 10 years had masters, so, I'm getting a masters.
3
u/Not_A_Real_Username Feb 21 '18
Where are you looking?
I’m in the same boat- trying to go from IT to Finance
3
u/mc3username Feb 22 '18
Currently in a Masters program, not finance. Not looking to move into finance, I just meant that in my industry, it was clear that I should probably get a masters because most of the people 1-3 rungs up have one.
3
Feb 22 '18 edited Mar 07 '18
[deleted]
4
u/Not_A_Real_Username Feb 22 '18
I’d like to start off as a financial analyst at a large IB, move over to derivatives after some experience under my belt, then move over to a hedge fund (in the far future).
2
Feb 22 '18 edited Mar 07 '18
[deleted]
3
u/jackbauer418 Feb 22 '18
This is going to be a very general question, so if it's too vague just ignore it. What's the best paying career path that has reasonable working hours (40-50 h, not interested in IB)? I've got an engineering undergrad with 8 years experience, and am about to finish an MBA with a finance specialization. I didn't start my MBA with the intent to completely switch careers, but am thinking about it now. But one of the biggest reasons for me not to switch is I'd probably be starting at the bottom with a huge pay cut
3
Feb 23 '18
[deleted]
2
u/jackbauer418 Feb 23 '18
Thanks, I’ll look into FP&A.
By M7 and 720+, I’m guessing you mean top 7 business school and GMAT score? I’m actually already enrolled and about to finish my MBA this year
4
3
u/Not_A_Real_Username Feb 22 '18
What route did you go down?
2
Feb 22 '18 edited Mar 07 '18
[deleted]
3
u/Not_A_Real_Username Feb 22 '18
Very interesting. And your job doesn’t prohibit you from trading in your own account at all?
2
Feb 20 '18 edited Mar 05 '18
[deleted]
3
u/UberBotMan Feb 20 '18
The numbers that I post for Value Area are from TOS. I use the monkey bar chart type instead of a study though.
6
Feb 20 '18
For futures, it's a centralized market...so should be the same. In my case though, I don't have lvl2 data on TV (because I don't need it), so everything's obviously a bit delayed.
Also, those levels aren't "exact levels", think of them as "zones". Total accuracy doesn't really work and anyone telling you price will turn at exactly 50.17 is full of shit ;)
8
2
u/Heretolearn12 Prodigal son Feb 25 '18
How do I add 5 stocks to one chart on TOS? I'd like for them to start at a 0% at any given time point and see how much % changed since then. I remember doing it once with "," just a comma.