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Short term TF trading
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Created: by indextrader7 Attachments:289

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Short term TF trading

  #751 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: Zen-Fire
Favorite Futures: ZN, 6E
 
gulabv's Avatar
 
Posts: 284 since May 2010
Thanks: 159 given, 155 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?

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  #752 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
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Posts: 1,065 since Apr 2012
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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.

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  #753 (permalink)
Trading for Fun
Gainesville, Florida, United S
 
Futures Experience: None
Platform: TWS
Broker/Data: IB
Favorite Futures: Stocks
 
Posts: 66 since Dec 2010
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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

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  #754 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
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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.

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  #755 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Beginner
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Thanks: 159 given, 155 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?

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  #756 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
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gulabv View Post
Is that 2% management fee irrespective of whether its a positive or negative month return-wise?

Yes.

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  #757 (permalink)
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Birmingham, AL
 
Futures Experience: Advanced
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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...

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  #758 (permalink)
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Birmingham, AL
 
Futures Experience: Advanced
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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.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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  #759 (permalink)
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Birmingham, AL
 
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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.

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  #760 (permalink)
Elite Member
kansas city, KS.
 
Futures Experience: Intermediate
Platform: Tradestation and Interactive Brokers
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Posts: 13 since Jun 2012
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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.

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