catallaxy files

catallaxy in technical exile

trading update

with 22 comments

Update of my trading for the year:

trading

Oil and weather have been reasonably profitable.

Its unlikely the US will strike Iran with the election results.

The gubernator isn’t likely to become the presinator.

And no-one came down to hit my gold bid.

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Written by Admin

November 24, 2006 at 12:21 pm

Posted in Uncategorized

22 Responses

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  1. Dude
    You’re trading weather futures?

    JC.

    November 24, 2006 at 12:28 pm

  2. yeah, anything!

    c8to

    November 24, 2006 at 12:33 pm

  3. i’m going to start a fund soon…you should get in =)

    c8to

    November 24, 2006 at 12:34 pm

  4. hey i want in too as long as it’s not too large an investment

    Jason Soon

    November 24, 2006 at 12:40 pm

  5. C8to

    How you doing in currencies? Last year, keep geeting slapped veryt time I make some money. Someone comes and steals it.

    Stocks have been fabulous though. There’s easy money in stocks because it seems there fewer less pros playing. Couipe of trend followers have had their head handed to them.

    Take a look at Euro Chf. Bought some right at 1.5845 with a close stop. Use a tech system that works like a dream.

    JC.

    November 24, 2006 at 1:08 pm

  6. What’sthe gold contract you’re trading Cato. I don’t get it.

    JC.

    November 24, 2006 at 1:14 pm

  7. JC,
    Tax-wise, it can be better to take positions in the betting markets than in the actual stock market. I remember in the UK you could spread bet on the market indicies and certain liquid stocks for less than the cost of trading directly and there was not capital gains tax.
    Sweet.
    I think that c8to could not find anyone to bet against on the gold position. 😦

    Andrew Reynolds

    November 24, 2006 at 1:18 pm

  8. This is interesting, I wouldn’t mind taking a look at this. Who, or which website, offers the service ?

    Jono

    November 24, 2006 at 1:23 pm

  9. Oh , Ok. It’s spread trading where you bet for the difference. Not sure I like that too much.

    I like using brokers primarily becasue I am old fashioned, but I don’t pay a lt away in commission and seeing this market is all takeover driven , rumours and that sort of info is important. Amazing times. Never seeing so many takeover plays. It will of course come to grief as i always does. It’s even gonna be better trading the grief side when it comes.

    JC.

    November 24, 2006 at 1:28 pm

  10. jono

    various bookies offer this service and london’s Spread trade etc.

    JC.

    November 24, 2006 at 1:31 pm

  11. You made a killing on the benzin c8to. Should pay for your Chrissy prezzies.

    skepticlawyer

    November 24, 2006 at 1:48 pm

  12. they are not spread bets…they are binary futures contracts…

    the close at either 0 or 100 depending on the outcome…but you can trade out of them at any time if the market is liquid. (ie you can find a buyer or seller for your position)

    but real men let their bets ride =)

    if you are interested in opening an account, you can click on the affiliate link in the sidebar, and we get a referal fee…

    c8to

    November 24, 2006 at 3:43 pm

  13. Cato

    You shouldn’t necessarily be thinking about starting a fund. You ought to be thinking about starting one of these books like trade sports. I think they make serious money.

    JC.

    November 24, 2006 at 3:53 pm

  14. its not my comparative advantage…theres plenty of them so why start another one…

    sitting around sucking up information and looking for perceived mispricings is more my thing…

    i want to come in to the office…do some research, make my trades then walk away and enjoy other pursuits for the rest of the day…

    running a full time exchange is pretty serious…although i have discussed it with colleagues…

    c8to

    November 24, 2006 at 4:01 pm

  15. Run your fund out of a tax haven. I can help on that if you like.

    John Humphreys

    November 24, 2006 at 4:40 pm

  16. John,
    I think the ATO would take a rather dim view on that unless you were not resident in Australia.

    Andrew Reynolds

    November 24, 2006 at 5:07 pm

  17. “i want to come in to the office…do some research, make my trades then walk away and enjoy other pursuits for the rest of the day…”

    Just run it from home. Most of the macro action happens overnight. you don’t wanna be couped in an office at night time, at least I don’t.

    JC.

    November 24, 2006 at 5:42 pm

  18. actually JC last time c8to was at my place we got to chatting about this and how we could harness the manic energy of Big Bird Brain for a profit

    Jason Soon

    November 24, 2006 at 5:46 pm

  19. Yea, i know what you mean.
    The bird has bundles of energy.

    My penciller (assistant) for a time is gonna be the new head of the opposition in NZ. John Key. Funny that. I would vote for him. great guy and one of us.

    JC.

    November 24, 2006 at 6:00 pm

  20. Great to see you made money on the oil.

    And of course you can always make money if you are quick on the draw and its an oscillating situation.

    But I caution that this oil deal, while it will oscillate like mad up-and-down…. And that therefore you can make money betting against UP….. and betting against DOWN as well…..

    (And in this context isn’t it pretty natural that the TRADERS on this site are just a little bit closer to my attitude on global warming then most of the others.)

    I just think you want to factor in a much steeper uphill gradient in the oil price then your libertarian friends would counsel.

    GMB

    November 24, 2006 at 6:55 pm

  21. I think the ATO would take a rather dim view on that unless you were not resident in Australia.

    I didn’t say he should avoid tax. What he does about his tax obligation is up to him and his conscience. And what his investors do with their dividends is also up to their conscience.

    John Humphreys

    November 24, 2006 at 7:40 pm

  22. I’m interested in dropping a little cash in. I notice they’ve got a dedicated cricket page. I’d back myself on that.

    skepticlawyer

    November 24, 2006 at 10:34 pm


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