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Futures Broker: Margins

  #11 (permalink)
 
liquidcci's Avatar
 liquidcci 
Austin, TX
 
Experience: Master
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Trading: NQ, CL
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bustainc View Post
Thanks for the reply. I've been messing around with the demo for the past 2 months on e-mini and CL just trying to decided here what broker would be best. The goal is 40 ticks a day on CL which has been (fairly) easily attainable. Most of my trading is with equity options just had been looking to get into futures. One thing that does strike me about these low margins is that it seems one with say, a $50K account, could really do well with those margins, but, as you said, that could turn as well. I guess I am just a little amazed at the low barrier to entry, guess I have been missing out all these years!

40 ticks 1 contract on CL per day live trading sounds easy but is very difficult to maintain over any length of time with low draw down. The real key is draw down in reference to how many ticks you can pull. I have strats that can run up a lot of ticks but the draw down levels are very dangerous. Thing is if use sound scaling techniques you don't need anything on the order of 40 ticks per day to do very well.

2 months is hardly enough time to determine if your strategy really works. Also market seldom gives you want you when trying to fit things into a daily target. I have a yearly target or better said a yearly expectation based on probabilities but it is just for reference as at times I do better and at times I do worse. I primarily trade CL and know a lot of people who started playing with it a few months in SIM and were convinced it was their road to riches only to be wiped out later.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

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  #12 (permalink)
 bustainc 
Scottsdale
 
Posts: 8 since Dec 2012


liquidcci View Post
40 ticks 1 contract on CL per day live trading sounds easy but is very difficult to maintain over any length of time with low draw down. The real key is draw down in reference to how many ticks you can pull. I have strats that can run up a lot of ticks but the draw down levels are very dangerous. Thing is if use sound scaling techniques you don't need anything on the order of 40 ticks per day to do very well.

2 months is hardly enough time to determine if your strategy really works. Also market seldom gives you want you when trying to fit things into a daily target. I have a yearly target or better said a yearly expectation based on probabilities but it is just for reference as at times I do better and at times I do worse. I primarily trade CL and know a lot of people who started playing with it a few months in SIM and were convinced it was their road to riches only to be wiped out later.

40 ticks is easy. Every morning you get a pop, no pop no trade. Plus, I'm already sitting on a bankroll so this is not a 'road to riches' gig, just something to produce daily alpha for me while I stroke equity options like this NUS put position I have on.

  #13 (permalink)
 kevinkdog   is a Vendor
 
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bustainc View Post
40 ticks is easy. Every morning you get a pop, no pop no trade. Plus, I'm already sitting on a bankroll so this is not a 'road to riches' gig, just something to produce daily alpha for me while I stroke equity options like this NUS put position I have on.

[sarcasm] Easy, yes! [/sarcasm]

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  #14 (permalink)
 bustainc 
Scottsdale
 
Posts: 8 since Dec 2012


kevinkdog View Post
[sarcasm] Easy, yes! [/sarcasm]

Yes, Kevin, it is easy. Some of us are just naturally gifted. I've been in this racket since I was 19, im 26 now, all I asked was what broker you herbs prefer, if I need a 'trading coach' or a 'free webinar' I'll be sure to contact you all.

Be off cretins!

  #15 (permalink)
 
liquidcci's Avatar
 liquidcci 
Austin, TX
 
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Trading: NQ, CL
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bustainc View Post
40 ticks is easy. Every morning you get a pop, no pop no trade. Plus, I'm already sitting on a bankroll so this is not a 'road to riches' gig, just something to produce daily alpha for me while I stroke equity options like this NUS put position I have on.


bustainc View Post
Yes, Kevin, it is easy. Some of us are just naturally gifted. I've been in this racket since I was 19, im 26 now, all I asked was what broker you herbs prefer, if I need a 'trading coach' or a 'free webinar' I'll be sure to contact you all.

Be off cretins!

If you know so much about futures at the ripe old wise age of 26 why are you here asking what futures brokers to use? lol. Oh and I forgot you have 2 whole months trading SIM under your belt so how dare I question your logic.

So many have come through this board with this kind of attitude "40 ticks is easy" leave me alone I am a natural born genius that eats tics for breakfast only to wipe out and slink off or wipe out and apologize later in a private PM for not listening.

My advice is find humility and listen to others on this forum and you might survive the futures market with your 50k intact.

40 ticks per day is roughly over 10,000 ticks per year. Not impossible but very difficult on 1 contract without very dangerous draw downs. Generally people try to help here when they see someone on a crash course has nothing to do with wanting to be your coach. Just a community of traders sharing information.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #16 (permalink)
 kevinkdog   is a Vendor
 
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liquidcci View Post
If you know so much about futures at the ripe old wise age of 26 why are you here asking what futures brokers to use? lol

So many have come through this board with this kind of attitude "40 ticks is easy" leave me alone I am a natural born genius that eats ticks for breakfast only to wipe out and slink off or wipe out and apologize later in a private PM for not listening.

My advice is find humility and listen to others on this forum and you might survive the futures market with your 50k intact.

@liquidcci -

I'll be honest, when I was just starting in futures trading I would not have listened to what you and I wrote in this thread, either. Even though it is all true.


Some lessons can only be learned by losing money.

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  #17 (permalink)
 Koepisch 
@ Germany
 
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Because CL trading with 40 ticks a day is only a pastime for you and because you are sitting on a fat bankroll, it is a no brainer for you to say something about your setup. This is a retail trader forum and we are open to get new ideas from an sophisticated trader like you. Thanks in advance.

  #18 (permalink)
 bustainc 
Scottsdale
 
Posts: 8 since Dec 2012


liquidcci View Post
If you know so much about futures at the ripe old wise age of 26 why are you here asking what futures brokers to use? lol. Oh and I forgot you have 2 whole months trading SIM under your belt so how dare I question your logic.

So many have come through this board with this kind of attitude "40 ticks is easy" leave me alone I am a natural born genius that eats tics for breakfast only to wipe out and slink off or wipe out and apologize later in a private PM for not listening.

My advice is find humility and listen to others on this forum and you might survive the futures market with your 50k intact.

40 ticks per day is roughly over 10,000 ticks per year. Not impossible but very difficult on 1 contract without very dangerous draw downs. Generally people try to help here when they see someone on a crash course has nothing to do with wanting to be your coach. Just a community of traders sharing information.

Because I wanted to attempt to get feedback from real users other than the reps at those firms. I realize that 40 ticks every day is not possible, I've seen that but there are days where the volatility comes in and 40 ticks is attainable. Now whether that comes only twice a week then thats fine with me.

Also, to answer that other question. I run a mix of fractals/harmonics trading.

Dan

  #19 (permalink)
 MeanBean 
San Francisco, CA
 
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way off topic but what is fractals/harmonics trading?

  #20 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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liquidcci View Post
If you know so much about futures at the ripe old wise age of 26 why are you here asking what futures brokers to use? lol. Oh and I forgot you have 2 whole months trading SIM under your belt so how dare I question your logic.

So many have come through this board with this kind of attitude "40 ticks is easy" leave me alone I am a natural born genius that eats tics for breakfast only to wipe out and slink off or wipe out and apologize later in a private PM for not listening.

My advice is find humility and listen to others on this forum and you might survive the futures market with your 50k intact.

40 ticks per day is roughly over 10,000 ticks per year. Not impossible but very difficult on 1 contract without very dangerous draw downs. Generally people try to help here when they see someone on a crash course has nothing to do with wanting to be your coach. Just a community of traders sharing information.

You can't help those that don't want to be helped.

The answer to the original question was posted already. Closing thread.

Mike

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Last Updated on December 22, 2012


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