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Hello Henry,
HA> I am curious about if any of you traders around here have something
HA> to say about this ?
HA> Some people say that the first few minutes get influenced so much
HA> that you should set your starting time a few minutes later.
if you are trading a position system on lets say the sp500. the
purity of the data is tainted by opening and closing orders. i know
this because i spent time to test it and make sure it wasn't just a
theory or hear say. the results of that revealed some interesting
proprietary numbers, which could be used in daytrading.
HA> I on the other hand think that it's data so i would want it in my
HA> "system".
if your system uses the information by all means use it, but carried
to the extreme. we might want to collect data on what type of car,
what type of food, what type of pants, underware, newspapers, houses,
boats, shoes, drinks, ect. that the guys in the pits, exchanges,
computer rooms (or computers if electronic trading) you know how much
data is good data? what data to use is directly correlated to how
your going to use it and for what purpose. there is no one size fits
all when it comes to data.
we will have demonic possessed purist who demand tick by tick accuracy
down to the nanosecond,as well as sloppy weekly on close fund managers.
and wonder which one makes the most money on average year after year.
HA> And would there be a difference when talking about this subject
HA> concurning stocks or concuring indexes ? The index ofcourse takes
HA> a maybe a minute or a few minutes before the actual index is made up ?
i personally omit the first 30 minutes of the sp and the closing 15
minutes. i have other things to do during those times, i also omit
the first 40 minutes of the bonds and all the night sessions of all
contracts unless i have a model i am trading specifically for those
sessions. crazy i know.
HA> Anyone anything to say please reply.
HA> Greetings and thanks in advance
HA> Henry Amand
--
Have a Great Day, Mark
http://www.markbrown.com
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