How many contracts can you trade before affecting market in CL and GC markets? - Commodities Futures Trading | futures io social day trading
futures io futures trading


How many contracts can you trade before affecting market in CL and GC markets?
Updated: Views / Replies:13,804 / 57
Created: by acdrew0 Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

How many contracts can you trade before affecting market in CL and GC markets?

  #41 (permalink)
Trading for Fun
Sunnyvale, CA
 
Futures Experience: Advanced
Platform: TTTrader
Favorite Futures: CL
 
Posts: 160 since Dec 2012
Thanks: 8 given, 94 received


pepelucho View Post
I'm not interested in trading anyone's money, and if I were, I already have plenty of friends/family lined up.
But here's proof anyway, 36 month chart...

What was your max drawdown last year?
What was your percentage of winning trades? Percentage of losing trades?
Amount of average winning trade? Amount of average losing trade?
And total number of trades?


Last edited by mwtzzz; January 19th, 2013 at 01:09 PM.
Reply With Quote
 
  #42 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: gold blimp
Favorite Futures: pink clouds
 
Itchymoku's Avatar
 
Posts: 2,873 since Apr 2012
Thanks: 1,671 given, 3,584 received

I'm not saying 300% isn't possible, people have done it. It's just very rare and I'd expect someone pondering the question to have already had a good understanding of how the market is impacted after having so much success.

Reply With Quote
 
  #43 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,256 received



Fadi View Post
You will then become a millionaire in a heartbeat
Congrats!


The above is the proper response to this issue. Debating whether a poster's claim is truthful, doubtful, embellished, or otherwise is an utter waste of time. Struggling traders tend to believe, since they can't do it, then no one else can either. It's pure rationalization. Why should you care what other traders think, as long as that method is putting money in your wallet? Let them debate your claim till they are blue in the face. Maybe if they were open minded enough to venture beyond the standing trading status quo, maybe they'd be making 300% too. I've seen and had too many of these debates, I've stopped participating in discussions of strategy, trading approach, and posting charts for this very reason.

I say, 300% ??? .... Awesome... Congrats!


Last edited by monpere; January 19th, 2013 at 09:51 PM.
Reply With Quote
The following user says Thank You to monpere for this post:
 
  #44 (permalink)
Freemason
Chicago, IL
 
Futures Experience: None
Platform: oil super computer
Favorite Futures: multiple
 
Posts: 193 since Jun 2011
Thanks: 595 given, 192 received


mwtzzz View Post
What was your max drawdown last year?
What was your percentage of winning trades? Percentage of losing trades?
Amount of average winning trade? Amount of average losing trade?
And total number of trades?

Even if he did share this info, which I highly doubt, what would either of you gain from this?

Reply With Quote
 
  #45 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: gold blimp
Favorite Futures: pink clouds
 
Itchymoku's Avatar
 
Posts: 2,873 since Apr 2012
Thanks: 1,671 given, 3,584 received

Sometimes I wonder what if lets say a billionaire goes insane and decides to do something drastic. lets say he's going to kill himself and he wants to just unleash his frustration on the CL. So he just takes his few billion dollars and decides to buy oil in arbitrary numbers of contracts between 100-1000 increments from all his different brokers he has accounts with. Lets say he just sat there buying and buying all day endlessly with the CL. I honestly don't know if he'd move the market very far considering algorithms picking up on this activity solely on CL. Even if he spreads this money out on other related instruments I still think he'd lose out if there wasn't any macro economic related reason CL should increase in price. I don't believe the flash crash would have occurred with ES if it wasn't for coincidental external conditions despite the billions of dollars of selling that occurred.

Reply With Quote
 
  #46 (permalink)
Trading for Fun
Sunnyvale, CA
 
Futures Experience: Advanced
Platform: TTTrader
Favorite Futures: CL
 
Posts: 160 since Dec 2012
Thanks: 8 given, 94 received


mongoose View Post
Even if he did share this info, which I highly doubt, what would either of you gain from this?

The point is that you can't talk about ROI without talking about drawdown.

Reply With Quote
 
  #47 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,322 since Jul 2012
Thanks: 1,092 given, 4,241 received
Forum Reputation: Legendary


mwtzzz View Post
The point is that you can't talk about ROI without talking about drawdown.

And really, you need to know the max drawdown over the same period that returns are quoted (so, you really need the max drawdown in the past 3 years). Then, annual % return / max drawdown % = MAR ratio, which is a great metric to compare strategies.

Reply With Quote
 
  #48 (permalink)
Trading for Fun
Sunnyvale, CA
 
Futures Experience: Advanced
Platform: TTTrader
Favorite Futures: CL
 
Posts: 160 since Dec 2012
Thanks: 8 given, 94 received


kevinkdog View Post
And really, you need to know the max drawdown over the same period that returns are quoted (so, you really need the max drawdown in the past 3 years). Then, annual % return / max drawdown % = MAR ratio, which is a great metric to compare strategies.

Definitely.

A simple way to determine the authenticity of a trading method is to see if it shows relationship between wins and drawdown. Every trading system either sacrifices wins in order to take lower drawdown, or accepts higher drawdown in order to improve the win ratio.

Simply put: you take greater risk in order to achieve greater reward, and the results of the trading system will show this.

Reply With Quote
 
  #49 (permalink)
Elite Member
Houston Texas
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: CL, YM, NQ, ES
 
dannyinhouston's Avatar
 
Posts: 240 since Mar 2016
Thanks: 221 given, 651 received


Itchymoku View Post
Unless you're a millionaire there is no need to worry about this

A millionaire just ain't what it used to be ha ha. Most middle class folk near retirement have a net worth of a million.

Reply With Quote
 
  #50 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,121 since Sep 2013
Thanks: 1,516 given, 3,194 received
Forum Reputation: Legendary



pepelucho View Post
I disagree, I have a strategy that on average takes 30 to 40 ticks of profit or 15 ticks of loss, and trades about 1 to 3 times a day, which generates 300% per year, and I do worry about what will happen as I start increasing number of contracts.

and I'm not a millionaire...

If you start increasing the number of contracts, people will come after the liquidity of your stops with 15 ticks.

Reply With Quote

Reply



futures io > > > > How many contracts can you trade before affecting market in CL and GC markets?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why get dedicated servers near CME if they trade CL, yet CL's exchange is is NYMEX? jpollei Traders Hideout 9 October 9th, 2016 06:00 AM
GC and CL, no trading today? iPlayGames Traders Hideout 5 April 6th, 2012 08:03 AM
CL and GC daily charts joe11 Traders Hideout 6 January 15th, 2012 06:07 PM
What other markets trade like the CL skyfly Traders Hideout 34 May 15th, 2011 12:44 PM
Question about CL and QM Contracts DannyG Traders Hideout 22 December 6th, 2009 07:11 PM


All times are GMT -4. The time now is 04:53 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-27 in 0.12 seconds with 21 queries on phoenix via your IP 54.198.104.234