Short term TF trading - futures io
futures io futures trading



Short term TF trading


Discussion in Trading Journals

Updated by wrbtrader
      Top Posters
    1. looks_one indextrader7 with 449 posts (941 thanks)
    2. looks_two josh with 36 posts (46 thanks)
    3. looks_3 Victory Trader with 26 posts (3 thanks)
    4. looks_4 cmmichaels with 21 posts (16 thanks)
      Best Posters
    1. looks_one SteveH with 2.7 thanks per post
    2. looks_two indextrader7 with 2.1 thanks per post
    3. looks_3 Traderwolf with 1.6 thanks per post
    4. looks_4 josh with 1.3 thanks per post
    1. trending_up 107,059 views
    2. thumb_up 1,209 thanks given
    3. group 90 followers
    1. forum 797 replies
    2. attach_file 283 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Short term TF trading

(login for full post details)
  #751 (permalink)
Dallas, TX
 
Experience: Beginner
Platform: Ninjatrader
Broker: Zen-Fire
Trading: ZN, 6E
 
gulabv's Avatar
 
Posts: 286 since May 2010
Thanks: 161 given, 167 received


indextrader7 View Post
we made +2.4% for October, net of all fees and commissions

@indextrader7,

Can you educate me what are the typical fees for a CTA like yours?

Reply With Quote

Can you help answer these questions
from other members on futures io?
Move indicator on Chart
NinjaTrader
Seeking an MT4 Indicator/EA that scans all Currency Pairs to identify setup
Platforms and Indicators
Traderoomplus
Trading Reviews and Vendors
Sending an ACH from BoA to GFF Brokers
Brokers
Heat Map on Trendspider
Platforms and Indicators
 
 
(login for full post details)
  #752 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


gulabv View Post
@indextrader7,

Can you educate me what are the typical fees for a CTA like yours?

We're the most common fee structure.

2% management fee (taken as 1/12 of that monthly) on the size of the account.

20% performance fee (If we gross 5% for the month, the client nets 4%) on net new profits.

Reply With Quote
 
(login for full post details)
  #753 (permalink)
Gainesville, Florida, United S
 
 
Posts: 66 since Dec 2010
Thanks: 30 given, 104 received


Just out idle curosity, who is this "we" that you now constantly refer to?

Are you not solely responsible for all trading decisions and the fate of your investors funds?

Sorry for asking, but it's just that this (CNBC analyst-esque) "we" reference has become a bit tiresome, imo.

Just sayin'...

Also, it was refreshing that you posted about your poor (big drawdown) day recently. I was beginning to wonder if you had magically become immune to such days as a result of starting your fund. I was thinking that all I had to do to make 60+ times what I can get from my bank -- was just send my money to you!

Best of luck and "keep it real" ! At least here...

Peace,
Paige

Reply With Quote
 
(login for full post details)
  #754 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Paige View Post
Just out idle curosity, who is this "we" that you now constantly refer to?

Are you not solely responsible for all trading decisions and the fate of your investors funds?

Sorry for asking, but it's just that this (CNBC analyst-esque) "we" reference has become a bit tiresome, imo.

Just sayin'...

I am responsible for trading, but I do have a partner. So often I will refer to we, because we are a team. He has his own software to make sure risk management guidelines are followed.

Reply With Quote
 
(login for full post details)
  #755 (permalink)
Dallas, TX
 
Experience: Beginner
Platform: Ninjatrader
Broker: Zen-Fire
Trading: ZN, 6E
 
gulabv's Avatar
 
Posts: 286 since May 2010
Thanks: 161 given, 167 received


indextrader7 View Post
2% management fee (taken as 1/12 of that monthly) on the size of the account.

Is that 2% management fee irrespective of whether its a positive or negative month return-wise?

Reply With Quote
 
(login for full post details)
  #756 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


gulabv View Post
Is that 2% management fee irrespective of whether its a positive or negative month return-wise?

Yes.

Reply With Quote
 
(login for full post details)
  #757 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

What an ugly market CL is today.... breakeven after commissions so far... I'm probably trading too much, I need to sit back and wait for the right setup. so choppy...

Reply With Quote
 
(login for full post details)
  #758 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Ended up making some money today after all. Kept losers small and hung around until I got my trades.

Here is every trade I have made for the week and it's % P/L. This chart sums up how we make money.


Reply With Quote
 
(login for full post details)
  #759 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

In considering my performance this year, as good as it has been, I feel I have two areas for great improvement. Things are complicated as they relate to them, and my own personality/style.

1. Selectivity

I am a gunslinger type trader for sure. At least my natural state is. This doesn't necessarily mean I won't be more profitable trading in another way. I understand that I have to trade in a way that is best for me personally... both for my emotional state, and self fulfillment/satisfaction. I am consistently inspired by @PandaWarrior with his selectivity. If I had more of that, I think I could make 100 average ticks per contract on most days. Right now, I only make 20-30 on most days. Actually, a goal I've been considering is to go for 100 average ticks per contract per week. It is frustrating knowing that I'm capable of more, but not reaching that level of performance at the moment. This brings me into my next point...

2. Continuing to Trade

I often shut down the day after some level of success or if it gets to around 11AM CST. It may be all I am capable of. I am so focused and taking so many trades that I often get somewhat tired after a few hours (I start trading shortly after 6AM these days). Most days, in hindsight, if I were to do area for improvement #1 (be more selective) and number 2 (continue to trade), I see that I could have made those 100 ticks in a single day. As I said before, I don't know if I am capable or not. Either way, if I am not, I'll be ok with my current level of consistent trading success. It's not that I will be complacent, because I'm always looking to improve, but if through my continual improvement, if I can only be as profitable as I am now, I'll be just fine. I'm wanting to make a push for more peak performance though. So you'll see me talk about this a lot going forward.

Reply With Quote
 
(login for full post details)
  #760 (permalink)
kansas city, KS.
 
Experience: Intermediate
Platform: Tradestation and Interactive Brokers
Trading: Futures, currencies, stocks and options
 
efutures's Avatar
 
Posts: 13 since Jun 2012
Thanks: 58 given, 27 received


You are doing a great job of being consistently profitable. Why did you move from TF to CL?. If I am moving to CL from TF, I could expect my profit to go up 2 to 3 folds else not trade CL as the drawdowns to much more severe on CL.

In my opinion, you could easily make more than 20-25 Ticks just by going to higher tick count and being selective in trading.

Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > Short term TF trading


June 9, 2013


Upcoming Webinars and Events
 

Order Flow Tools w/MotiveWave & Zytrade Brokerage

Oct 22
 

Technical Analysis Workshop w/NinjaTrader

Oct 27
 

Bookmap

Oct TBD
 

SharkIndicators

Oct TBD
 

Carley Garner

Oct TBD
 

GruttePier

Oct TBD
     



Copyright © 2020 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