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Blowing Up
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Created: by ReaM Attachments:5

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Blowing Up

  #11 (permalink)
Trading for Fun
Memphis, USA
 
Futures Experience: Beginner
Platform: MBT
Favorite Futures: Futures
 
Posts: 84 since Jun 2011
Thanks: 1 given, 23 received


ReaM View Post
hahaha I forgot about Rosenmontag. Are market closed on Monday? Well, starting on Tuesday is less cliche^^

And someone will have to explain me expiration, I don't want Heating Oil delivered to my door hahaha. What if on last trading day of the exp. month I have my position open?

As you see, I am prepared better than one could possible imagine

You should get a notification in advance. If you're still in that day, and it's a physical product, hopefully your broker will just close you out. That's what mine did once when I was holding natural gas and didn't know what day it was and hadn't bothered to check my email. I think my broker makes you get out a few days before the actual last day.

But just watch the volume. That'll tell you when to go to the next month.

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  #12 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
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Fat Tails's Avatar
 
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At least it is an interesting idea to start an audacious journey at one of the rare occasions, when President's Day and Rosenmontag fall at the same date. You should use that at your advantage.

Good luck !

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  #13 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
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Broker/Data: Mirus Futures/Zen-Fire
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wldman View Post
FX.

He said....


ReaM View Post
Hello,

starting Monday I will trade futures ......



aligator View Post
Holy mother nature, welcome back TMFT!!

It's a one day at a time kinda thang....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #14 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
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aligator View Post
Whatever you trade, do not trade Live Hogs. If you forget the expiration date you might end up with 44,000 lbs of pigs in front of your door for each contract

Good luck!

hahaha! Thanks.


When is the best time to move on to the next month contract? Like one week before expiration? I'd love to know when the volume picks up in the new contract. I have no experience, so I really don't know the answer and google isn't much of a help either.

Thank you everyone! futures.io (formerly BMT) has a very pleasing people (unlike other forums)!

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  #15 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
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Do you have your broker margin requirements all planned and mapped out? Assuming all goes well, at some points you'll have to periodically increase your number of contracts to your steadily increasing account. The curve will be limited. There won't be hardly any room for margin of error. Anyways, good luck.

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  #16 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 95 received

Nice, NinjaTrader does not work. I double click the icon and it does not start. I reinstalled it twice already. It is in the Task Manager, where I can close it and launch it again.

I installed on my laptop and it works over there, but I can't trade on a laptop.

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  #17 (permalink)
CL Assassin
Near Dallas, Texas, US
 
Futures Experience: Advanced
Platform: NinjaTrader
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Gary's Avatar
 
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ReaM View Post
Nice, NinjaTrader does not work. I double click the icon and it does not start. I reinstalled it twice already. It is in the Task Manager, where I can close it and launch it again.

I installed on my laptop and it works over there, but I can't trade on a laptop.

What OS are you using?

Do you have more than one monitor?

Does it show up on your taskbar anywhere?

Gary

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  #18 (permalink)
CL Assassin
Near Dallas, Texas, US
 
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Favorite Futures: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
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ReaM View Post
hahaha! Thanks.


When is the best time to move on to the next month contract? Like one week before expiration? I'd love to know when the volume picks up in the new contract. I have no experience, so I really don't know the answer and google isn't much of a help either.

Thank you everyone! futures.io (formerly BMT) has a very pleasing people (unlike other forums)!

What instrument and platform are you trading/using?

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  #19 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 95 received

Win7
ZenFire
Ninja
One monitor
all instruments
no, not in quick launch bar nor in notification area (where the clock is)


Ninja does not work at all. With MutliCharts, I have a green lamp up there but the DOM says connecting to broker. It does work with a demo account from OpenEcry, but not with my live account. I am pretty sure I did everything right.

I took out my old WinXP harddrive and installed Ninja there and it works. Unbelievable how much faster winxp is.


Another beginner Q: how do I see 10 instead of only 5 levels in the DOM? On demo with another broker (Bubl for example) there were 10.

Update: Ninja DOM freaks me out. It moves all the time even though price centering is turned off. I want to click at one price and I get another. TT was much better, I wish I could afford it.
Until now, four trades, all winners, but because of either Ninja or my knowledge of ninja, I am missing 4 ticks from my profits. I'll post a summary tonight.

Update2: Ok, now I know the difference between Dynamic and Static DOM. Who on Earth would use dynamic dom?


Last edited by ReaM; February 20th, 2012 at 05:45 AM.
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  #20 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 95 received


Made a 150 dollar mistake (traded wrong instrument, because mousewheel apparently can switch instruments. I entered EURUSD instead of Bonds and EU went like 13 ticks against me in an instant)
Switchted to MultiCharts DT, omg I love it.

I am up however, startet with $2695, the balance now $2750. So, let's consider 2750 as my starting balance, and I am off to my journey. Pic is just to show the balance.

I calculated, I need to average 3.1% per day to reach my goal by the end of the year. That's some crazy number. But numbers only look scary. In practice it should work.

Like the myth that loosing 50% you will have to earn 100% back. If, for example, your wins equal your losses 1:1 and risking 2% per trade, you, afer having lost 50% of your account after 35 losses in a row, will only need 36 wins to get it all back. So, numbers do lie.

In practice, it is not as scary.


Balance $2830.
I notice I can't live without X_Trader, so, when I have a chance to get one, I will. Velocity offers XT for one market only. I read many times about Zenfire being better for scalping than TT, can someone offer me an advice there?

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Last edited by ReaM; February 22nd, 2012 at 02:00 AM.
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