How many instruments do you trade - Traders Hideout | futures io social day trading
futures io futures trading


How many instruments do you trade
Updated: Views / Replies:1,910 / 8
Created: by shzhning Attachments:0

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
 
Thread Tools Search this Thread
 

How many instruments do you trade

  #1 (permalink)
Elite Member
Nanjing, NJ
 
Futures Experience: Intermediate
Platform: CQG/TOS
Broker/Data: Optimus/CQG
Favorite Futures: CL
 
Posts: 102 since Jun 2010
Thanks: 33 given, 71 received

How many instruments do you trade

My default instrument is 6E euro futures. But it can get choppy in the afternoon. I was thinking about switching to TF Russell futures after lunch hour, but have concerns about losing focus when trading 2 instruments in the same day. Iím curious how many instruments do members here trade. Any thoughts/experiences?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


I trade a few at the same time (ES/EMD/YM/NQ), mostly because they are somewhat correlated and it fits my account and mental state; also because they dont move as fast as CL/6E/TF. In other words, if you have to trade more than one, dont pick the ones with the same personality that can drop 10 ticks in less than 5-10 seconds. IMO, 6E/CL/TF have all three the same personality.

I tried adding 6E to my list today and I was personally not able to keep track of the other 4 because of the amount of attention I had to give the 6E trades; so for me that does not work. I do find 6E to work fine with 6S in the early morning, like at around 5AM, and up to 7AM... after 9AM I just focus on the indexes.

Keep in mind the more instruments you trade at the same time, not just the more attention you need to allocate to each one; but also the stops/targets would be different and as such your account size should support it.

Reply With Quote
 
  #4 (permalink)
Elite Member
SF Bay Area, CA
 
Futures Experience: None
Platform: SC
Favorite Futures: Futures
 
Posts: 204 since Nov 2010
Thanks: 136 given, 175 received

I follow the progression of the pit session opens on 6E(8:20ET), CL(9ET) and ZS(10:30ET) . If 6E is trading well I'll stick with it, if not I move to CL. If CL isn't doing anything I like I move to ZS. The time difference between the pit session opens gives me plenty of time to assess the opening range of each market and place trades accordingly. Sometimes, rarely actually, I'll trade the last hour of trading on TF, usually long since stocks don't go down, ever.

Reply With Quote
 
  #5 (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, 3,276 received


sysot1t View Post
I trade a few at the same time (ES/EMD/YM/NQ), mostly because they are somewhat correlated and it fits my account and mental state; also because they dont move as fast as CL/6E/TF. In other words, if you have to trade more than one, dont pick the ones with the same personality that can drop 10 ticks in less than 5-10 seconds. IMO, 6E/CL/TF have all three the same personality.

I tried adding 6E to my list today and I was personally not able to keep track of the other 4 because of the amount of attention I had to give the 6E trades; so for me that does not work. I do find 6E to work fine with 6S in the early morning, like at around 5AM, and up to 7AM... after 9AM I just focus on the indexes.

Keep in mind the more instruments you trade at the same time, not just the more attention you need to allocate to each one; but also the stops/targets would be different and as such your account size should support it.

Why do you trade 4 correlated markets? They will typically all give you the same patterns at the same time. I trade 4 un-correlated markets, Gold, Oil, Euro, Mini Dow. Since they generally move totally separately, I can quadruple the amount of entries I get. That way, I look only for one type of high probability setup that may not happen often in any one market alone, but I can get 4 times the number of this setups on 4 un-correlated instruments. I might be long on one, and short on another other. That typically does not happen if trading correlated markets. Typically if a setup fails on one correlated market, it will probably fail on all of them. With unrelated markets you can trade very conservative signals, yet get a great number of trade opportunities.

Reply With Quote
 
  #6 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received

mainly to build my skills trading multiple markets and develop concentratation as I manage 4 positions... my approach is, if one generates a long signal, I long all 4... and manage the positions... if short, the same.... btw, none will generate the same signal at the same exact time, similar patterns perhaps... but not at the same exact time.. and profit really comes down to managing the position...

eventually I would want to add inversely correlated instruments.. I just have not spent much time looking into those yet (but to me is no different than pairs or spreads trading).. but as I said; first, I need to spend a long time learning to manage 4 positions for which I have chosen slow moving instruments that fit my risk profile..


monpere View Post
Why do you trade 4 correlated markets? They will typically all give you the same patterns at the same time. I trade 4 un-correlated markets, Gold, Oil, Euro, Mini Dow. Since they generally move totally separately, I can quadruple the amount of entries I get. That way, I look only for one type of high probability setup that may not happen often in any one market alone, but I can get 4 times the number of this setups on 4 un-correlated instruments. I might be long on one, and short on another other. That typically does not happen if trading correlated markets. Typically if a setup fails on one correlated market, it will probably fail on all of them. With unrelated markets you can trade very conservative signals, yet get a great number of trade opportunities.


Reply With Quote
 
  #7 (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, 3,276 received


sysot1t View Post
mainly to build my skills trading multiple markets and develop concentratation as I manage 4 positions... my approach is, if one generates a long signal, I long all 4... and manage the positions... if short, the same.... btw, none will generate the same signal at the same exact time, similar patterns perhaps... but not at the same exact time.. and profit really comes down to managing the position...

eventually I would want to add inversely correlated instruments.. I just have not spent much time looking into those yet (but to me is no different than pairs or spreads trading).. but as I said; first, I need to spend a long time learning to manage 4 positions for which I have chosen slow moving instruments that fit my risk profile..

Are you a scalper or a trend rider? If you trade trends, then trading 2 correlated instrument, will most of the time be the same as doubling the size of you order on 1 instrument. If you are scalper, then the fact that the entry timing may be different on the 2 means that you may get a setup in one before the other triggers, and be out of the trade in the 1st before the 2nd triggers the same setup. But you will generally never see the TF trending up while the ES is trending down for example. I've never done pairs trading, and don't know what that involves, but I think there is more involved there then going long on one of the pairs and going short on the other.


Last edited by monpere; January 19th, 2011 at 11:53 AM.
Reply With Quote
 
  #8 (permalink)
Membership Permanently Revoked
 
Futures Experience: Intermediate
 
Posts: 1,176 since Nov 2009
Thanks: 221 given, 844 received


monpere View Post
Are you a scalper or a trend rider? If you trade trends, then trading 2 correlated instrument, will most of the time be the same as doubling the size of you order on 1 instrument. If you are scalper, then the fact that the entry timing may be different on the 2 means that you may get a setup in one before the other triggers, and be out of the trade in the 1st before the 2nd triggers the same setup. But you will generally never see the TF trending up while the ES is trending down for example. I've never done pairs trading, and don't know what that involves, but I think there is more involved there then going long on one of the pairs and going short on the other.

I am actually both...

I scalp for ticks.. and if I get some points out if it, then great... if YM triggers I enter at market and I get what I can from all of them... as an FYI, if I am scalping TF, I am not paying attention to anything else.. to me TF is just like 6E.. requires all the attention...

but to your point; I do agree about being similar, not the same, as doubling your trade size.. but as I said on prior post, what I care about is learning to manage multiple futures positions...

if I am trading size, scalping becomes difficult IMO depending on the market being traded, which leads to doing position trading.. but my issue with position trading becomes trade duration.. do I really want to be in a trade for 2-6 hours without protection? not really, and stops can be run over, so I dont always trust them..

IMO, if I was to have a $1MM account that allows me to trade a 100 line, do I want to go all in on a single market? what if it was a $2MM account? or $3MM? why not trade multiple markets and place 50-100 line on each instead of piling 500 on a single one?

that is just my thought process, not saying that is perfect and not like my account is anywhere near that; I am just looking into the future and thinking about what skills I need long term and I believe that managing multiple positions is one of those skills to be acquired .. at least for me..

btw, my "trend riding" which can be as long as a few hours to a few days.. is only done via options... I dont always have the time to watch the markets every minute and I rather control my risk without having to worry about stops.. if I loose some premium, is ok... losing it all, not so ok.. but it all comes down to how much I am risking and if I went in with the whole line for a given position or if I am scaling in because the trade is longer duration and I am confident for whatever reason that it will go higher or lower...depending on the bet..

anyhow, enough rambling.. time to hit the sack so I can trade the EU session...

Reply With Quote
 
  #9 (permalink)
Elite Member
NJ
 
Futures Experience: Intermediate
Platform: Tradestation
Favorite Futures: CL, Ags
 
Posts: 33 since Jan 2011
Thanks: 13 given, 7 received

In the morning I trade Oil, 9:00 AM open, then I watch the ES open, and at 10:30 I like to trade the grains ( wheat and corn) when they open up. Usually done around 12 and won't trade the afternoon ses, only the last 15 minutes of the grains.

Reply With Quote

Reply



futures io > > > How many instruments do you trade

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Overlaying 2 instruments on same panel? hector24 NinjaTrader 8 August 21st, 2012 03:58 AM
Custom Instruments sysot1t Investor/RT 5 June 14th, 2011 04:49 PM
Favorite Instruments tderrick Traders Hideout 3 September 26th, 2010 05:13 AM
Strategy based off 2 instruments? tellytub NinjaTrader Programming 1 March 8th, 2010 02:51 PM
Strategies that watch other instruments zwentz NinjaTrader Programming 0 November 18th, 2009 03:27 PM


All times are GMT -4. The time now is 07:49 AM.

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 2017-12-11 in 0.20 seconds with 19 queries on phoenix via your IP 54.226.132.197