Simple.
Keep it simple, when possible. Trading is just an auction, hence the whole bid/ask thing. There’s no reason to overcomplicate the process with all sorts of indicators and theories. Ultimately, it comes down to is price going up or down, that’s it.
We are a fully remote, global, distributed workforce. We have no set hours, and you can create a schedule that allows you to get your best work done. Since we have no human traders, all trades are executed by computers, we don’t have a need to be working at specific times.
Nerds
Truth is we aren’t actually traders. We are nerds. We like computers, statistics, odds, etc. but we don’t trade. The bots do that for us.
Numbers
Get the numbers to back up your theory, the numbers will never lie to you.
Fun
Do it because you want to, not because you have to.
Popular doesn’t mean profitable.
You can’t trade like the 90% and expect to make money like the 10%.
What we trade.
01.
Foreign Exchange
Forex, or Foreign Exchange, is one of the largest financial markets in the world, with a daily trading volume of over $5 trillion.
02.
Options
Options are a type of financial derivative that give the holder the right, but not the obligation, to buy or sell an underlying asset (such as a stock) at a specified price (strike price) on or before a certain date (expiration date).
03.
Equities
Equities, also known as stocks or shares, represent ownership in a publicly traded company.
04.
Futures
Futures trading involves derivative financial contracts that obligate parties to buy or sell an asset at a predetermined future date and price.
05.
Cryptocurrency
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is decentralized and based on blockchain technology, which is a distributed ledger that records all transactions on a network of computers.
Trust the sentiment.
If you want to get a general feel of what everyone is doing you use sentiment, not something like a moving average. A MA tells you what price did in the past, it does not tell you what everyone is feeling.
More often than not the market is doing the opposite of what (retail) is feeling. This can be explained pretty simply with how retail traders go about their business. If you, and every other retail trader, has a long order with the ever so recommended 1:2, 1:3, 1:5, etc. Risk:Reward then you have an inverse chance of SL being hit. Hitting that SL converts your long into a short order. Bunch of traders do the same setup, with odds that their long orders will convert to short orders, and then the market moves against them.
Frequently Asked Questions
01.
Can I invest in Bars and Code?
Bars and Code is a family office. We only use our own money and do not accept outside investments of any kind.
02.
You hiring?
Not currently, if we have any openings we’ll post them on our website.
03.
Will you be my mentor / teach me how to trade?
No.
04.
Are these really frequently asked questions?
Nope, but it was interesting enough to keep you reading.