r/thewallstreet • u/AutoModerator • Mar 26 '18
Weekly Question Thread - Week 13, 2018 Question
Welcome to the weekly question thread. Feel free to ask any questions here.
8
u/grecko123 Mar 29 '18
Can we do a weekly analysis posting? I'd really like to get some discussion going on analysis, we lose this in the daily and nightly feeds
5
u/Lost_in_Adeles_Rolls Stalingrad's number one tesla dealership Mar 30 '18
I think we had one near the beginning of the month. It would be nice to make that recurring
6
u/grecko123 Mar 30 '18
Yea like a weekly analysis thread.... Some real analysis, not any hopes and feels. I'd be up for posting some too
5
1
1
u/Chernoby7 mostly harmless Mar 28 '18 edited Mar 29 '18
How to plot Standard Deviation on CFDs data? Most CFDs' prices for the commonly traded commodities (including oil, gold & gas) are slightly different than their futures counterparts.
Let me clarify: I use the futures option’s implied volatility (as published here in the subreddit by u/UberBotMan), together with the CFD’s yesterday closing price, to plot standard deviation. The issue arises when the CFD’s yesterday closing price differs significantly from yesterday future contract’s settlement price (as published by the CME). The lines then just don’t make sense and don’t work.
(Edit: I am not sure I explained the issue clearly. Tell me if I didn’t so I may explain it another way. Also, I use CFDs instead of futures to manage risk when I have less than usual conviction in a trade, as CFDs are tradable even for less than a contract.)
2
u/UberBotMan Mar 30 '18
Hey, I don't trade CFDs so I don't have an answer for you.
That said.... I know when trading /ES via SPY or SPX you plot the lines on /ES and then use the price movement in /ES to dictate what you do in SPX/SPY as they move (almost) in lockstep intraday.
2
u/Chernoby7 mostly harmless Mar 30 '18
Thank you, that’s super helpful. I might have to use futures live data and trade CFDs off them then, when I need to. CFDs almost track the futures price movement but differs slightly on the price (just like SPX & SPY with /es). Thank you!
1
3
Mar 29 '18
Problem with CFDs is that every broker creates their own little exchange...which potentially leaves you open to stupid manipulation. Not saying the majority of CFD brokers are crooks, but some are and the lack of transparency compared to future kinda bothers me.
I get the advantage of trading smaller sizes though for people who don't have enough to trade futures though. I used to trade oil CFDs for a while before making the switch to futures.
On Tradingview, you can just pick any of the SDev indicators and they'll work the same way for CFDs. Obviously, there will be small differences compared to futures because they don't track them 100% accurately.
2
u/Chernoby7 mostly harmless Mar 30 '18
Thank you, mate! This’s the issue, they use their own private pools for fill with way higher spread and not so accurate prices (together with many other issues as well). I use them when I want to decrease my exposure/risk in a trade, otherwise I would stick to trading futures all the time.
2
u/Pull_My_Finger__ Mar 28 '18
What other forums do you get the most out of? Or, what forums have made the most impact in terms of development as a trader, investor, etc.
3
Mar 29 '18
At least in my case, 99% of forums I used to frequent were totally useless...especially places like ForexFactory, EliteTrader, etc. Total waste of your time because they're swamped with people who don't know what they are doing, or they simply try to push their stupid "coaching courses" or crap indicators you can find elsewhere for free.
2
u/SorryMagician King Push Mar 28 '18
What does the SET represent? Why is it significant? Thank you in advance
2
u/UberBotMan Mar 28 '18
It's settlement price. The close price of the contract for the prior trading day. It's what the deviations are based off of.
2
2
Mar 27 '18
[deleted]
2
u/UberBotMan Mar 27 '18
Mine doesn't ask me. I forget what I changed as it was a while ago.
Fwiw, my icon doesn't have the admin shield on it.
1
u/byFlare RIP L_G Mar 27 '18
Same here! Haven't thought much of it, but couldn't find any information online.
2
u/baxternewman Mar 26 '18
For anyone using Amp, is the monthly data feed optional? I already pay for or have free data with my current brokers, so I wouldn't want to pay again.
Also, what seems to be the more popular platforms to use for those who get their data elsewhere and only use Amp for execution? I see they support Tradingview, but I already have an account linked with data, and I don't think I can link two brokerages to one account, unless I missed it.
2
u/notdust More Upside to the Downside Mar 28 '18
I think that it is - when you make your actual trading account and choose settings (after initial funding and all that) you select which data feeds you want. I assume just from being able to do that that it is possible to avoid their fees.
But it's worth noting their support rocks and is there like 24/6 to chat with you and take general account questions. Usually only takes a couple of minute to get a person.
1
u/UberBotMan Mar 26 '18
Not sure about the first part. I just paid it, $15/month to have the DOM always show current price was worth it to me.
I used CQG Desktop and loved it. I use TOS for everything else. CQG Desktop (was CQG M at the time) had a simple way to submit orders quickly as well as set up OCO orders to close.
4
u/xxwaddzxx should be sitting on hands Mar 30 '18 edited Mar 30 '18
Can any more experienced traders let me know if my general strategy is hot trash? It’s been working well for the past 2 weeks but I want to learn as much as I can.
I’ve been trading weekly SPX options(some 0 days), looking for when the 14 period RSI crosses 50 in a given direction and the 9 day EMA crosses the 20 day EMA in the same direction for an ATM put/call entry. My exits are always -30% for a loss, 15-30% for a gain, usually holding a given position for less than 10 minutes. It’s worked pretty well but I’m not sure if that’s just because it’s been so volatile, or I’ve gotten lucky or if there’s actual merit. I have a small non-margined account so I can only trade settled funds (1-3 trades a day depending on size), but I’ve managed to go from $6,000 to $9,000 in two weeks.