Australian (ASX) Stock Market Forum

Tech/a vs. CanOz - Futures Trading Competition

Jump to new
CanOz

CanOz

Home runs feel good, but base hits pay bills!
Joined
11 July 2006
Posts
11,543
Reactions
519
Tech and I have agreed to have a competition involving trading.

Here's what we're looking at for a draft of the rules:

-Trade whatever you want, whatever time frame you want as long as its spelled out ahead of time.
-Risk per trade should be 2% or less.
-25k max. trading capital
-Results of closed P/L to be posted weekly, closed trades may be posted with charts as they're closed.
-Results to be verified by Joe or nominated moderator at the end of the competition.

Start date - January 6th to be agreed to by Tech/A

If for some reason a participant must leave the competition the remaining competitor will win by forfeit.

Prize: We haven't even discussed prize money or anything actually, personally i would prefer the right to claim the position as winning trader, that's good enough for me.:xyxthumbs
 
Can Oz has indicated he will be trading spreads
From what I know of this s a powerful and chosen
Futures trading method by many successful futures traders.

Something I personally am very interested in seeing how it works.

I only trade directional long or short so that will be
My chosen method
FTSE and possibly DAX

So I'm presuming statements to Joe for verification.
I'd like to see the Winner being
(1) best return over x period ---- what is that Can
(2) best R/R.
 
So I'm presuming statements to Joe for verification.
I'd like to see the Winner being
(1) best return over x period ---- what is that Can
(2) best R/R.
Click to expand...

Lets try 3 months...I want to say 6 but i don't know if I can commit to that at the moment...
 
CanOz said:
Lets try 3 months...I want to say 6 but i don't know if I can commit to that at the moment...
Click to expand...

Ok
I'll wait to week 11 make one trade and skate straight past you!
Or I could do nothing---
No seriously look forward to it.
 
tech/a said:
Ok
I'll wait to week 11 make one trade and skate straight past you!
Or I could do nothing---
No seriously look forward to it.
Click to expand...

Well this is my first January trading spreads so i really have no idea how active I'll be at all...but from history its one or two trades per week, so plenty boring here...:cautious:
 
For seasonal trends in January i will be using SeasonAlgo to search for opportunities.....From time to time i also use Moore Research as well. I also know Jay Richards from JustSpreads quite well now and he does provide me with some educational material regarding spreads and thanks to Nick Radge for introducing us.

I also read Joe Ross's book on Trading Spreads and Seasonals... So this is my research and it formed the basic of my education into spreads.

There are approximately 10 opportunities for seasonal spreads in January based on historical data. We won't take every trade, in fact we'll take very few that meet our criteria...
 
CanOz said:
For seasonal trends in January i will be using SeasonAlgo to search for opportunities.....From time to time i also use Moore Research as well. I also know Jay Richards from JustSpreads quite well now and he does provide me with some educational material regarding spreads and thanks to Nick Radge for introducing us.

I also read Joe Ross's book on Trading Spreads and Seasonals... So this is my research and it formed the basic of my education into spreads.

There are approximately 10 opportunities for seasonal spreads in January based on historical data. We won't take every trade, in fact we'll take very few that meet our criteria...
Click to expand...

Can you give a brief overview of how these trades work.
What the philosophy is. The objective.
 
beachlife said:
$25k account, max risk 2% ($500). Going to be interesting to see how you do that with futures, very tight stops I guess.

Will be interesting to see how you compare with these guys.

http://www.worldcupchampionships.com/live-stats-3

Looking forward to watching this one.
Click to expand...

$500 no problem that's about 40 ticks a trade on one contract.
15 is massive for me and a move to B/E as quick practical will
See my average stop well below 2% more like < 1 %

What you want to invite Larry Williams along?
Who gives a crap about anyone else.

We aren't out to be the best on the planet.
 
tech/a said:
Can you give a brief overview of how these trades work.
What the philosophy is. The objective.
Click to expand...

When you trade a spread you're going long one instrument and short another, some are calendar spreads in agricultural commodities. These spreads are affected by seasonal changes in supply and demand and therefore they tend to do the same thing on a regular basis, i.e. start new trends at the same time of the year. So we first have to find out which spreads tend to trend at the current point in time + or - a couple of weeks. We then need to monitor the spreads for a chance to enter in the direction of the seasonal trend. This entry would be similar to any technical entry that you may use for trading....breakouts, fades etc...

$25k account, max risk 2% ($500). Going to be interesting to see how you do that with futures, very tight stops I guess.
Click to expand...

Should be ok for me, as most of my stops are money stops anyway...The spread gives you plenty of room, more so than outright directionals.
 
Is this competition open to other people ? Not going to open another account so going to be more than $25k but everything can be compared equally ?

Happy to pool for prize money.
 
I have no issues with anyone else joining provided that:

1. Its futures only
2. Position sizing is according to a 25k account
3. Statements are sent to ASF to verify
 
tech/a said:
...

What you want to invite Larry Williams along?
Who gives a crap about anyone else.

We aren't out to be the best on the planet.
Click to expand...

Well the year 1987 did provide exceptional opportunities for savvy derivatives traders, particularly those that recognised the early warning signs and shorted the donkey out of that market crash!
 
It would seem that way but IIRC he made his $1m by March, the account was up to $2m a while later, and finished back at $1m by Dec. Crash wasnt until Oct. He also says it was extreme risk trading for the sake of the comp, not his normal style. Some of the other winners have also traded their accounts with more risk than normal just because it's a comp.

CMC used to have comps also, with $100k prize money. There were some extreme profits back then too. It wont let me post the link but the winner in 2007 made 441% in 9 weeks. All of the top 10 were over 140%. I remember that year well. I blew my comp account up in a couple of weeks, but even so wasnt last, a couple of others blew up more.

I wonder if we will see some extreme risk taking in this comp.
 
I'm very risk averse, that's why i like spreads...I don't really care if i win, but keen to see how it turns out none the less.

Tech and I will be trading live accounts for this.

If anyone wants to take me on in a sim account i'll do outrights...no worries!

That might be fun too...for another day.
 
Tech, I'd like to raise the capital requirement to 35,000 AUD if its ok with you? After i did a little bit more research i found a couple of instances where i would have been over my 2% stop with a 25k account. So just to be on the safe side, i should use a little more capital.

Also, regarding the start date, I should be right to go next week as i scheduled all the transfers to finish by the 29th. So if you agree we can start anytime from the 29th...?

Cheers,


CanOz
 
CanOz said:
Tech, I'd like to raise the capital requirement to 35,000 AUD if its ok with you? After i did a little bit more research i found a couple of instances where i would have been over my 2% stop with a 25k account. So just to be on the safe side, i should use a little more capital.

Also, regarding the start date, I should be right to go next week as i scheduled all the transfers to finish by the 29th. So if you agree we can start anytime from the 29th...?

Cheers,


CanOz
Click to expand...

Perhaps you should start after the new years binge drinking contest (the true pissing contest). Us little people who only trade on the ASX will be drunk and the markets will be closed! Too drunk to read what some futures market is doing somewhere else:p
 

Similar threads

pavilion103
Returns achievable for Futures trading
3 4 5
Replies
81
Views
20K
pavilion103
pavilion103
tech/a
Technical Trading Exercise (Pavilion103 and tech/a) Charts and Spreadsheets
3 4 5
Replies
96
Views
24K
tech/a
tech/a
RichKid
Coin Tossing - Risk & Money Management
Replies
0
Views
5K
RichKid
RichKid
Top