The fourth annual 2009 Interactive Brokers Auto-Trading Olympiad begins tomorrow, good luck to my fellow competitors. When it comes to markets, chance is always an element and as such, luck is a good thing to have. We could all use a little luck (or a lot). One of my strategies this year is to hold an "oil balance" with half of cash equivalents via DXO (double oil). In other words, when I have cash left over I will buy oil with some of it to hold in lieu of US dollars. I have a growing fear that the US dollar is going to rapidly loose value as a result of the runaway inflationary lending/creation of money by the feds. So if that happened, I would be somewhat hedged by my position in DXO. On the other hand, oil could move for a number of complex reasons which are seemingly unpredictable; geo-polical, economic, liquidity driven, etc. In practice it will be a directional bet on oil, which I expect to rise having bottomed. So if I'm lucky, oil will move up substantially in the next three months. Anyways, may the best robot win!
Sunday, January 11, 2009
Good luck! We could all use it.
The fourth annual 2009 Interactive Brokers Auto-Trading Olympiad begins tomorrow, good luck to my fellow competitors. When it comes to markets, chance is always an element and as such, luck is a good thing to have. We could all use a little luck (or a lot). One of my strategies this year is to hold an "oil balance" with half of cash equivalents via DXO (double oil). In other words, when I have cash left over I will buy oil with some of it to hold in lieu of US dollars. I have a growing fear that the US dollar is going to rapidly loose value as a result of the runaway inflationary lending/creation of money by the feds. So if that happened, I would be somewhat hedged by my position in DXO. On the other hand, oil could move for a number of complex reasons which are seemingly unpredictable; geo-polical, economic, liquidity driven, etc. In practice it will be a directional bet on oil, which I expect to rise having bottomed. So if I'm lucky, oil will move up substantially in the next three months. Anyways, may the best robot win!
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3 comments:
Good luck!
This is my first year in the competition and I find it hard to stop watching my bot :-)!
Hey arhy, thanks.
I can't stop watching mine either. It had a few hang ups earlier but is doing ok now. I really like how this competition involves live market data. Anything could happen..
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