Tuesday, August 16, 2005

The Rising Tide

I'm busy to say the least. One of those times where your mind is on a million things and you can't rest. Even when you're resting...you're working. Thinking scenarios out in your mind. And I'm getting hit on all fronts. My day job has just entered the scary busy season. You know, the time when you do whatever it takes to get the job done...even if that means no sleep, no lunches, nothing. Just get it done. Hopefully, in after a few more weeks I'll go into the scary support season. That's when you sit on pins and needles hoping and praying all of what you've done works! Ha!

I've also been plenty busy implementing all the new technology changes I've introduced into my trading environment. I've got so many things to do now each night...I can barely keep up. First there's my data source updates via TC2005. Then Wealth-Lab Multi-Scans. Then R batch jobs. Then loading symbols lists into Trade-Ideas Pro. Then wake up the next day and submit orders and quickly configure Medved QuoteTracker's Trade-Ideas integrated window. Whew! That's enough to confuse even a full-time trader, I'd think.

I don't really have much to comment on this week...mainly because time is of the essence. But, I wanted to give a quick update on how MB Trading, QuoteTracker, and Trade-Ideas are working together. One word, AWESOME! I'm serious. I cannot believe how seamless the whole process is. With QuoteTracker you can create several different Trade-Ideas windows to choose from. And you can configure these windows to submit Trade-Ideas alerts into a portfolio you created in QuoteTracker. From there you can right-click or Ctrl-T on the symbol and trade it. That's where the built-in MB Trading stuff works like a charm. You can submit your orders, watch the order log, and check on your fills and positions all from within QuoteTracker. Not too shabby.

So, so far...so good.

Also, I haven't really posted much about my R work. I've been planning too...but until then you really should check out The Learning Blog's R post. Dan is much more advanced than me in R. Heck, cracking open the badboy and tweaking it to your liking is definitely beyond my skill levels. So, if you have any R questions...especially in regards to econometrics...check him out.

My use of R? Mostly just creating methods to analyze my trades and ascertaining patterns in the data. Kinda like Mark Cook's use of trading journals in the Market Wizards interview. I especially liked the part where he helped one trader become profitable simply by eliminating Fridays from his trading regimen. So, instead of writing my trades down on paper...I enter them into comma-delimited files via Excel and load into R and perform various analysis. I will also take my backtests from Wealth-Lab and analyze via R. The great thing about R is that you can run it interactively and batch. The batch mode is what I use the most. Again, hopefully I'll write a post about some useful R commands and scripts that help analyze trades. Until then check out this baseball article to get you started. Heck, that's what got me started.

Side Note:
I recently purchased a Dewalt 10" Heavy-Duty Compound Miter Saw from Home Depot. No, I'm not spending more money. I received a $200 gift card for my John Deere L111 purchase. And there's nothing better than getting a gift card to Home Depot!!! The grown man's candy store! :) Now, my next project is building a miter stand. Oh yes...there's always something at the TaylorTree. Ha! And yes, then I'll have to spend more money. :)

Last and certainly not least...this is something for you parents out there. My daughter is having a little trouble with her letters. So, I created a game tonight that was a lot of fun and hit on various aspects of learning. I cut up 7 pieces of construction paper into 4 squares each. Then I grabbed a marker and wrote the letters A, B, C, and D on the squares of paper. In the end, I had 7 A's, 7 B's, 7 C's, and 7 D's that totalled 28 squares of paper.

Now, for the fun stuff. I told her this was the ABC game. And she has to hide in her room...then I'd hide all the pieces of paper in the living room for her to find. The key to the game is she can only find the letter I said. So, when she first came out I told her she could only get the letter B. But, before she could get the papers...she had to tell me something that started with the letter B. Of course, this was the hardest part...so I ended up telling her and then she raced like a rabbit hunting the letter B. Then after she found all the B's....I told her she had to lay out all the papers she found and count them so we'd know if she got them all. If she found them all then we'd proceed to the next letter I chose. As you can see...she ended up learning letters, meanings, counting, and the best of all...treasure hunting. :) A pretty fun and inexpensive game to play with your little toddler.

Later Trades,

MT

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