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Software Engineer looking to retire at some point, earlier the better, so prepping for that. Been trading options for a few years and started recently with futures. Look forward to participating with the community.
Welcome NHaider. Technically, there are few things to be considered in Futures trading due to its nature. as you are aware, futures has an expiration date differ from one to another, tick point value, margine, time of trading and others. Since you mentioned that you are 100 systematic, you need to study those things to define the general layout of your futures strategy.
Furthermore, I would suggest to study the co-relation between diversified futures strategies to mitigate your "basket" risk.
Best wishes
Thanks for the suggestions and wishes Robot.. appreciated. You have to change your midset quite a bit for trading futures if you are used to stocks. The biggest challenge I am having is in strategy evaluation for futures.. compounding works somewhat differently for futures (in stocks you can immediately increase the position size with your profits) and hence CAGR will have a somewhat different interpretation. So.. still learning and would need all the luck and wishes :-)
Hello, I'm new here.* I'm making the permanent move to futures trading for several reasons, many of which are shared by you all.
The edge that I've backtested in the stock market doesn't work in ES, from what I can see (I'm going to concentrate on ES until I get my footing), so I'm on the search for an entry point that I can start backtesting.* That's not an implicit request for someone to share their edge, I have enough experience trading stocks to know that an edge is personal and doesn't necessarily 'transfer'.
Here's one of my challenges: at this point, I have the first 30 minutes of the open to trade.* I know this isn't ideal, but it's my current situation.* I can still passively monitor things, but I can't hawk it like I can for the first 30.* My assumption is that this is going to make things a bit difficult.
Anyway, I read through a lot of posts before joining and very quickly jumped on the elite membership.* I already appreciate the knowledge I've been exposed to.
Have you considered changing your style to EOD charts rather than intraday?
Wouldnt it be easier if you had a style that only had to enter orders at the start of the day (first 30min) and then leave it?
Pushing for an intraday trade in the first 30min only is seriously tough.
I have been trading for about 5 years, mostly stock and bond index futures plus plus oil and gold. Even though I don't work long days, waiting for a setup is a great test of patience and frankly somewhat boring. I am interested in ways to automate my trading, since my trading is strictly rules based.
