Trading fast markets - Trading Journals | futures io social day trading
futures io futures trading


Trading fast markets
Updated: Views / Replies:117,903 / 977
Created: by xelaar Attachments:517

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
 517  
 
Thread Tools Search this Thread
 

Trading fast markets

  #251 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
Posts: 1,159 since Sep 2011
Thanks: 1,137 given, 1,565 received

Thanks for the update Alex, and bottom line I think you can live with that framework pretty well.

Reply With Quote
The following 3 users say Thank You to Daytrader999 for this post:
 
  #252 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received


xelaar View Post
1. Trading hours - we haggled but the best I could get was from 6AM to 3:10 PM, I understand why it is so - for Junior Trader there is a limit from 7AM, because someone is monitoring performance live. I can live with that.

Congrats. Sounds like you should be able to work within what's been decided. And plenty of time to do it in.

Could you please explain a bit more on your point regarding trading hours. I plan on doing the combine in the near future. But because I trade from South Africa and trade currencies (6B), I trade during the US overnight session for the most part, and then only the first 3 hours or so of the US session. Are you saying that wouldn't be allowed? Trading the full US session would be impossible for me. Im asleep

Thanks.

Diversification is the only free lunch
Reply With Quote
The following 3 users say Thank You to DarkPoolTrading for this post:
 
  #253 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received



DarkPoolTrading View Post
Congrats. Sounds like you should be able to work within what's been decided. And plenty of time to do it in.

Could you please explain a bit more on your point regarding trading hours. I plan on doing the combine in the near future. But because I trade from South Africa and trade currencies (6B), I trade during the US overnight session for the most part, and then only the first 3 hours or so of the US session. Are you saying that wouldn't be allowed? Trading the full US session would be impossible for me. Im asleep

Thanks.

The thing is when you go live you cant trade before 7am ct. So there is no point trading at different time in LP since it called to mimic junior trader conditions. Once Senior you have much more flexibility, after all its your money you will be losing It can be hard with currencies but if you can stick through LP and JT you could trade your comfort hours later. The reason for this requiremebt is live account monitorin in JT phase.

Also you only can trade your combine instruments in LP.

Reply With Quote
The following 2 users say Thank You to xelaar for this post:
 
  #254 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,388 since Jul 2012
Thanks: 1,139 given, 4,387 received
Forum Reputation: Legendary


xelaar View Post
Finally had a conversation with Hoag. He's a nice guy, agreed, but it's hard to haggle with him on requirements and numbers. I understand that he has a rule set that is quite rigid to work with.

Well, as it laid out, LP does make a sense, as Hoag put it, it mimics live trading requirements for Junior trader. I would like a bit more freedom but I can work with what they gave me.

Basically it is a standard trading plan that can be found on their web with following numbers filled in:
1. Trading hours - we haggled but the best I could get was from 6AM to 3:10 PM, I understand why it is so - for Junior Trader there is a limit from 7AM, because someone is monitoring performance live. I can live with that.
2. Start a day with 5 lots until 1000 usd is built. That is bit crippling, I wanted at least 7 but it is what it is.
3. Max number of consecutive losers when in negative before pulling the brakes for a day: 3. That is what I offered, and I am fine with it.
5. Max draw down from daily profit high before quitting: 50%. It is fine again, and smart. I would cut probably earlier.

All in all, it would slow my process a bit, especially lot limited to 5 on most days, but again there are up to 40 trading days to trade and only 4500 to be gained, so no drama whatsoever. With 15 cars I could do that on one good day. And what to do after?

I plan to start LP on Tuesday.

This stage took a bit of time, I expected it to be somewhat faster, but have they got 3 traders to put to LP this week only that I know and maybe more. All in all I am ok with it, given that it mimics live trading environment rules, so a good chance to adjust and get used to.


For restricting the trading hours from 7 AM - 3 PM, because that is what they do with real money, I understand why. But, they should enforce the same rule for the Combine, too.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 3 users say Thank You to kevinkdog for this post:
 
  #255 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received

How do the LP rules apply to more than 1 instrument are traded? Let's say if I trade 3 different things, the max. 5 cars would mean all 3 instruments together, I assume?
Or the max. number of consecutive losers being 3, if I lose twice in oil then I switch to gold, my allowed losing time is 1 only?
I figure you might don't know the answers, but someone who have been in the same situation might and post the answer here...


kevinkdog View Post
For restricting the trading hours from 7 AM - 3 PM, because that is what they do with real money, I understand why. But, they should enforce the same rule for the Combine, too.

Good point. One of the newly funded traders had 20 hours long trades, and obviously impossible scenario with their Live trading rules...

Reply With Quote
The following 2 users say Thank You to Pedro40 for this post:
 
  #256 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

I think he had to compromise for the LP.

Reply With Quote
The following 2 users say Thank You to xelaar for this post:
 
  #257 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Since during out conversation with John or in email exchange with him and Erin there was no mention of any NDA of LP details or reports, I plan to continue posting my detailed progress here with LP reports. I had been asked by Big Mike to do a webinar on my experience and any other topic I chose, so if you are interested in something shout it out here, there is no point talking about something people care not about hearing.

Reply With Quote
The following 3 users say Thank You to xelaar for this post:
 
  #258 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,304 received


xelaar View Post
The thing is when you go live you cant trade before 7am ct. So there is no point trading at different time in LP since it called to mimic junior trader conditions. Once Senior you have much more flexibility, after all its your money you will be losing It can be hard with currencies but if you can stick through LP and JT you could trade your comfort hours later. The reason for this requiremebt is live account monitorin in JT phase.

Also you only can trade your combine instruments in LP.

Thanks for the reply. However this is not stated anywhere on their website. In fact on this page it is specifically stated: "Products below can be traded in the Combine during normal electronic trading hours unless otherwise indicated": Trading Futures: FX, Oil, E-mini S&P 500 | TopstepTrader

I am very confused because from my understanding they pull a report of the day's performance at 3:10pm CST each day. At that time you need to be flat so they can pull the report.

I find it "interesting" that they want to force traders from around the planet to trade the US session, especially in markets such as currencies which are firstly, 24hours, and secondly like the 6B their main trading hours are during the UK session.

Anyway, I dont want to derail your journal. Ill contact tst in the ask me anything thread about this.

Well done again. Good luck.

Edit: I think this may just be because you are trading gold. On the permitted trading products page it specifically limits the times you can trade certain markets. However I see there is no limit for currencies:
http://help.topsteptrader.com/knowledgebase/articles/182814-what-are-the-permitted-trading-hours-

http://www.topsteptrader.com/PermissibleProducts

Diversification is the only free lunch

Last edited by DarkPoolTrading; May 25th, 2013 at 04:06 AM.
Reply With Quote
The following 3 users say Thank You to DarkPoolTrading for this post:
 
  #259 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

Hi you can trade Combine all these times as specified, certainly. It's that you can't do that in LiveTraderPrep. And we both with Kevin explained the reason: because you can't trade outside of 7AM-310PM CST when live with them, during Junior Trader period. It has nothing to do with instrument or liquidity, it has to do with the fact that a real person will be sitting there and looking at your account performance real life, making sure you won't do too much damage to their money. And since they are in Chicago, nobody wants to sit and watch at 1 AM. Once cushion is built they will let you trade any time you want withing Globex session making a break at 3:10 PM. Gold has restrictions of its own because of liquidity concerns. But again it has nothing to do with LP and JT restrictions.


DarkPoolTrading View Post
Thanks for the reply. However this is not stated anywhere on their website. In fact on this page it is specifically stated: "Products below can be traded in the Combine during normal electronic trading hours unless otherwise indicated": Trading Futures: FX, Oil, E-mini S&P 500 | TopstepTrader

I am very confused because from my understanding they pull a report of the day's performance at 3:10pm CST each day. At that time you need to be flat so they can pull the report.

I find it "interesting" that they want to force traders from around the planet to trade the US session, especially in markets such as currencies which are firstly, 24hours, and secondly like the 6B their main trading hours are during the UK session.

Anyway, I dont want to derail your journal. Ill contact tst in the ask me anything thread about this.

Well done again. Good luck.

Edit: I think this may just be because you are trading gold. On the permitted trading products page it specifically limits the times you can trade certain markets. However I see there is no limit for currencies:
What are the permitted trading hours? ? Help & Feedback Center

Trading Futures: FX, Oil, E-mini S&P 500 | TopstepTrader


Reply With Quote
The following 3 users say Thank You to xelaar for this post:
 
  #260 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received


I have posted some trade ideas in my journal, since they are outside of Combine-related activity.

Reply With Quote
The following user says Thank You to xelaar for this post:

Reply



futures io > > > Trading fast markets

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading Trendlines Across Markets: Futures Trading Journal sahbmt Elite Trading Journals 135 June 26th, 2013 03:59 PM
Markets with the Most Automated Trading!!! RJay Traders Hideout 6 April 2nd, 2011 12:02 PM
Trading correlated markets josh Traders Hideout 10 March 28th, 2011 11:59 PM
Any idea for fast frequency trading ? MyTraderAdvisor Elite Automated Trading 53 August 3rd, 2010 06:11 AM
Fast Brokers papa15 Reviews of Brokers and Data Feeds 7 July 20th, 2010 03:41 PM


All times are GMT -4. The time now is 04:33 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 2017-12-15 in 0.14 seconds with 20 queries on phoenix via your IP 54.234.255.29