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I realized after looking at some of the earlier posts I made on this thread...that I mentioned several times how impressed I was that trading through Optimus, I was able to get super fast execution in fast moving markets. It struck me that I recently stopped trading my "edge". I specialize in fast moving scalps on CL and Gold. I have a great chart setup on a 2 range chart and from many hours of screentime, I can catch a fast move and time it almost perfectly getting anywhere from 5 to 30 ticks in a few seconds. That's why I love the Rithmic feed and trading through Optimus. I can catch moves better than with any broker I used before. But then I started trying different setups lately, in an attempt to catch bigger moves and I took bigger stops. When my losses got big, I would leverage up and go in with one of my sure thing scalps and make it up . Only last week, I lost my discipline and had some problems. So, I will now get back to trading only my "edge"..hit my daily tick goal..and stop trying to switch styles. If I have a lightning fast platform and the skills to take advantage of it, no sense not utilizing it.
Thanks again Matt for being a voice of reason when I needed it.
There has been a discussion on forum for certain risk parameters requested by traders.
I have had long discussions with Rithmic and soon I will post an update about what Rithmic is providing, and what will be provided in the future.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Any updates on this? Would be nice to have a daily max loss limit feature at the account level, like some fcm's offer. Or, if it is possible through the platform, etc.
Also, is there anyone who has been not happy with their experience at Optimus?
And, approximately how many client accounts are there at Optimus? How many people are on staff to handle service, trade desk, and what are the hours for service?
Here are 2 features of risk management/margin features that we can enable for traders:
Available Margin
Standard equity based margins. Each product has a margin that is charged and when you use up for available margins you are not able to place orders that will open positions. Naturally day trading margins will vary and be lower than over night.
Quantity Limits
Limited only by quantity per product and the aggregate of all positions. For example, I can set an account to hold 20 positions overall and then allow for 10 in as many products as I like. This would allow the client to buy 10 ES and 10 GC for total of 20 and then they cannot buy anymore until they offset something. This also has a max order size as part of the configuration as well.
Rithmic comes with a whole set of features unique to each platforms that we we try and review with customers once the account is established.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
In terms of risk management, does Optimus Futures/Rithmic also provide a web-based application/mobile phone app so that one can keep track of open positions while 'on the move'?
We do offer web based applications along with a corresponding desktop.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Yes, they do.It's Rithmic risk parameters and it would apply to any platform that uses it including NinjaTrader.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
