Thank you very much! Specifically, it didnt fit my playbook because the news in itself was not meaningful to me (perhaps a minor miss to guidance given fx inclusions); I didnt do the FA pre-open; I didnt go through my checks; I didnt trade my morning drive pattern i.e. early in the piece
Appreciate the response Austin. "Oils ain't oils" when it comes to earnings for sure. I imagine you have quite a "quant" methodology when assessing earnings. Something I'm improving all the time but it's a constant struggle to know what meaningful changes can \ should be made. Please keep substacking!
You mentioned a couple of Blocks there - The ORG Aus super block & the TNE Block.
I'm really interested to hear your train of thought when you see a large block print - what would warrant further investigation, where would you do so & is there any circumstances where seeing this would warrant a trade in of itself. Thanks Austin.
Terrific writeup as always. Interesting you say you FOMOed in to WTC because news - the news was earnings related which I would have thought is right in your wheelhouse. Was it because it was hard to get a read on what the sentiment and positioning was ahead of the release? Or perhaps something about the liquidity on offer - at your scale trading these thinner names in the size you're looking for would prove challenging I would have thought. Appreciate what additional insights on this trade you're willing to share.
Thank you for the post; I found it very interesting as a retail trader. Also, it's my first time seeing such PNL information charts. Is it a proprietary tool?
Thank you. Yes this tool was built for me by a close friend and tailored to the data I wanted to record
Thank you very much! Specifically, it didnt fit my playbook because the news in itself was not meaningful to me (perhaps a minor miss to guidance given fx inclusions); I didnt do the FA pre-open; I didnt go through my checks; I didnt trade my morning drive pattern i.e. early in the piece
Appreciate the response Austin. "Oils ain't oils" when it comes to earnings for sure. I imagine you have quite a "quant" methodology when assessing earnings. Something I'm improving all the time but it's a constant struggle to know what meaningful changes can \ should be made. Please keep substacking!
Thank you loved reading it
You mentioned a couple of Blocks there - The ORG Aus super block & the TNE Block.
I'm really interested to hear your train of thought when you see a large block print - what would warrant further investigation, where would you do so & is there any circumstances where seeing this would warrant a trade in of itself. Thanks Austin.
Terrific writeup as always. Interesting you say you FOMOed in to WTC because news - the news was earnings related which I would have thought is right in your wheelhouse. Was it because it was hard to get a read on what the sentiment and positioning was ahead of the release? Or perhaps something about the liquidity on offer - at your scale trading these thinner names in the size you're looking for would prove challenging I would have thought. Appreciate what additional insights on this trade you're willing to share.
Thank you for the post; I found it very interesting as a retail trader. Also, it's my first time seeing such PNL information charts. Is it a proprietary tool?