My trading strategy blows goats... should I change?

[ivant]

Totally agree Rick ---- Ivan has set an interesting precedent (thats an understatement!!) with what he's done, and i reckon all of us are keen to see how he continues to attack the market ---

i go on public record and say im happy to be his manager LOL --- (my fees are very reasonable) ------ now whats 1% of 400 grand ..... haha --- just kidding "IVE" !! --- thats right --- good managers are worth 4 or 5 % --- im being underpaid ---- Good luck with it young M8 ---

Haha thanks my friend! What aspects would you like to manage? Willing to accept offers .. I am rather aggressively bearish at the moment, so my "attack" will be rather biased

By the way Go Markets is back up apparently Cartman

 

[Cartman]

Haha thanks my friend! What aspects would you like to manage? Willing to accept offers .. I am rather aggressively bearish at the moment, so my "attack" will be rather biased

By the way Go Markets is back up apparently Cartman

Haha ---- yes i can get my cunning "Bend it like Ivan" forex system in full training mode !! ----

As for the managing part ---- i have contacts in the film industry --- are you good looking ---- lol ---- how did that David Essex song go years ago ---- "We're gona make you a Star !!" lol ----

 

[Aussiest]

But it is one of the hardest tricks of the game, to hold onto winners. It starts to come with experience.
...........
Excitement is an evil in trading you are right. This is a business like any other, and a cool head helps I found that its better not to be in a trade if you are not thinking straight. You see things you missed if your trade is closed out

I was looking at it tonight like a numbers game. Take out a position. If it gets stopped out, try again later (when 'conditions' are right). Ditto to the above. The best case scenario is that you get to break even. After that, everything else is a bonus.

Eg. I try trade1. I get stopped out at b/e
I try trade2, i lose a little
trade3: get passed b/e> who knows? Rest is bonus.
trade4: ???

Just my

 

[ivant]

I was looking at it tonight like a numbers game. Take out a position. If it gets stopped out, try again later (when 'conditions' are right). Ditto to the above. The best case scenario is that you get to break even. After that, everything else is a bonus.

Eg. I try trade1. I get stopped out at b/e
I try trade2, i lose a little
trade3: get passed b/e> who knows? Rest is bonus.
trade4: ???

Just my

Interesting. I always aim to make a major profit on a trade, otherwise I don't bother getting in. I usually cut it a little shorter, so I am usually a little disappointed

Haha ---- yes i can get my cunning "Bend it like Ivan" forex system in full training mode !! ----

As for the managing part ---- i have contacts in the film industry --- are you good looking ---- lol ---- how did that David Essex song go years ago ---- "We're gona make you a Star !!" lol ----

haha so I am going to be an actor now? haha. Girls don't mind me haha. Bend it like Ivan Forex System haha.... Love it

 

[MRC & Co]

I was looking at it tonight like a numbers game. Take out a position. If it gets stopped out, try again later (when 'conditions' are right). Ditto to the above. The best case scenario is that you get to break even. After that, everything else is a bonus.

Eg. I try trade1. I get stopped out at b/e
I try trade2, i lose a little
trade3: get passed b/e> who knows? Rest is bonus.
trade4: ???

Just my

Tech, is that you?

hehe, just kidding, looks good.

 

[Rick_Hunter]

the only thing with this type of futures trading thats nearly 24 hours is how the hell can you sleep properly and completely shut off what's going on in the US/europe etc. been feeling like a zombie all last week waking up every 1-2hrs, not sure if i wanna do it again this week

i can understand if your dont have work and do this full time, you can sleep between when aussie market close and 1hr or so before US market open :S

think in the long run, this is going to be detrimental to my health. anyone who works full time got any tips on asx200 futures trading??

 

[ivant]

the only thing with this type of futures trading thats nearly 24 hours is how the hell can you sleep properly and completely shut off what's going on in the US/europe etc. been feeling like a zombie all last week waking up every 1-2hrs, not sure if i wanna do it again this week

i can understand if your dont have work and do this full time, you can sleep between when aussie market close and 1hr or so before US market open :S

think in the long run, this is going to be detrimental to my health. anyone who works full time got any tips on asx200 futures trading??

Lol, I do do this full time. I actually get a lot of sleep. I have learnt to fall asleep very quickly after checking markets. It was hard at the start though. Now I have adapted. I end up sleeping throughout the open of the Aussie markets most of the time, unless I actually have decided to do something at open. I will have an alarm that will wake me up and i can check up on what is happening. So i still get a good 8-10 hours with breaks. There are times of course, like last Friday, i was at home and up until 6am on saturday. But that is rare. I think a strategy needs to be based on what you feel comfortable with. I am very happy with this timetable

 

[Edwood]

the only thing with this type of futures trading thats nearly 24 hours is how the hell can you sleep properly and completely shut off what's going on in the US/europe etc. been feeling like a zombie all last week waking up every 1-2hrs, not sure if i wanna do it again this week

i can understand if your dont have work and do this full time, you can sleep between when aussie market close and 1hr or so before US market open :S

think in the long run, this is going to be detrimental to my health. anyone who works full time got any tips on asx200 futures trading??

you need to be on the ball for any trading, no point flogging yourself with late nights on SPI when you already have a full-time job. Imo pick another instrument that fits in better with your timetable - European open works quite well for our side of the planet. Or change your strategy so you don't have to be up watching

 

[Aussiest]

Are you still bearish on the SPI Ivan?!

 

[ivant]

Are you still bearish on the SPI Ivan?!

Actually, very much so! I've been adding positions today. I'll be a little worried if S&P 500 breaches 900... In the meantime, I'm still watching for a good drop today and tomorrow... Time will tell though... I'm a good 30k down and I have more than 100 mini contracts riding on this.

 

[jersey10]

Actually, very much so! I've been adding positions today. I'll be a little worried if S&P 500 breaches 900... In the meantime, I'm still watching for a good drop today and tomorrow... Time will tell though... I'm a good 30k down and I have more than 100 mini contracts riding on this.

Balls of steel

 

[Aussiest]

I'm a good 30k down and I have more than 100 mini contracts riding on this.

God, i thought i was bad being $500 down! Fingers crossed for a downturn

 

[Rick_Hunter]

I think the SPI is testing everyone's patience for the last few weeks. People have "all" been watching and waiting for this 'meaningful' correction, only to be disappointed again and again (including me!)

Would be funny when everyone finally gives up the idea that this correction will ever come, it'll suddenly arrive. Can't help but feel sometimes theres a group of major institutions out there holding things up and getting ready to dump it on ppl once most/more start turning bullish.

 

[kapow]

Actually, very much so! I've been adding positions today. I'll be a little worried if S&P 500 breaches 900... In the meantime, I'm still watching for a good drop today and tomorrow... Time will tell though... I'm a good 30k down and I have more than 100 mini contracts riding on this.

Good luck man! Unfortunately I couldn't afford to keep my shorts open this afternoon but I am with you in spirit!

 

[Bobby]

Actually, very much so! I've been adding positions today. I'll be a little worried if S&P 500 breaches 900... In the meantime, I'm still watching for a good drop today and tomorrow... Time will tell though... I'm a good 30k down and I have more than 100 mini contracts riding on this.

Ivan I got stung going short , last night I had to close out at 3am can't run stops as you know why , to weary to stay up ....

You are down 30K that would really sh*t me off : ---- this up is BS !!!

Managed to short on at the the top tonight 3727 , see what happens .

 

[nomore4s]

Maybe it's time to fade the crowd and go long?

 

[Bobby]

Maybe it's time to fade the crowd and go long?

Gee you could be right but I'm agro & can't do it

 

[Aussiest]

Maybe it's time to fade the crowd and go long?

Pftt... as soon as you do that, the position will turn around and reverse itself... Lol

 

[Rick_Hunter]

Actually, very much so! I've been adding positions today. I'll be a little worried if S&P 500 breaches 900... In the meantime, I'm still watching for a good drop today and tomorrow... Time will tell though... I'm a good 30k down and I have more than 100 mini contracts riding on this.

hey Ivan, just wondering, you say that you're worried if it S&P500 goes beyond 900, what type of exit strategy you have? As far as I can tell, your strategy is based on your belief of 'oversold' or 'overbought' and if it goes the opposite direction, you pyramid up until it finally goes your way. When do you throw in the towel and exit? Even though it'll be an extremely painful exit imo.

 

[Aussiest]

this up is BS !!!

This up is all about false hopes. Based on nothing. GDP in the US was down, new home sales are down. Unemployment will no doubt increase. ANZ and NAB posted losses (but, i guess the market has factored that in).

Why are people going long? This rally is based on nothing but over-inflated bull****.

Now is the deadcat bounce. You wait and see...