skc
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- 12 August 2008
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For a guy who trades 20-40 lots can you explain why you seem awefully interested in micro lots offered by Go Markets!?
https://www.aussiestockforums.com/forums/showthread.php?t=14953
Lol i meant for the financial year. 1500 in july, over 550k at this rate...
futures trading spi 200 and crude. i trade in 20-40 lots depending on how confident i am on the SPI, and usually about 5-10 barrels in crude, depending on how confident i am. i trade different strategies though.
i take usually around about 200-250 per trade, but that all depends on the trade. eg i started going long lightly in the 3500 a few months ago, and had most of my positions enter at 3200. i sold out at 3750. so most of my contracts made around about 400-500 points.
most of my money came in october and november last year and made close to nothing between december and feb.
wow thats pretty good. what is their commission? I'm completely moving to futures now, but it was interesting to see someone offer less than a 2 point spread. I was considering them as a broker for futures actually. IB seems better for me, but I am still in the research stage.
What are they like? Good feed? Platform seems ok from the demo.
i havent simulated since i turned 17.
you dont have to believe me man. really.. you dont. and im not going to go through the effort of proving myself. this isnt the point of a) this post b) this forum.
i havent simulated since i turned 17.
you dont have to believe me man. really.. you dont. and im not going to go through the effort of proving myself. this isnt the point of a) this post b) this forum.
as i understand it, its a point of gathering where beginners seek help, and the more experienced get it. i think that people should concentrate on their trading first.
for your information ill be happy with 5-6 fold for next year.
ivant, M8, i got roasted for making a couple of grand on an FX account ---- what chance do you think you've got of making people believe your claims lol
seriously though --- if you started with $1500, how the heck did you ever get up to holding between 20-40 contracts? Which provider gives that kind of leverage ?? --- you would have had to risk the lot on every trade in the beginning, and never have a losing trade for about a squillion trades --- or am i missing something?
it appears SKC beat me to it lol ----
Can you now see how EASILY this can be done? In fact, I am disappointed that he's only earned $550k.
1500 in july, over 550k at this rate...
i take usually around about 200-250 per trade, but that all depends on the trade. eg i started going long lightly in the 3500 a few months ago, and had most of my positions enter at 3200. i sold out at 3750. so most of my contracts made around about 400-500 points.
Think skc post at the top of this page says the lot, then add in how you would start going long at 3500 and average down to 3200, with 20-40 lots and work out the money you would need in the account...........
There you go boys,
Big picture + big Balls = Big Profit.
You would be better concentrating on keeping it ivant. no need to blow MM now as you can swing decent size. by they way why the hell trade CFDs not the futs??
Congrats Ivant, no attack here, only questioning based on figures which would potentially superceed the greatest gain on a person account in one year ever recorded.
If you did it and with that kind of trading, then you are the next Mr Livermoore!
Like I said before though, I respect your knowledge and opinions on trading, I'm with you on the shorts too!
Good luck!
actually thats what i ask myself for a while. im looking at a few brokers at the moment. im not sure if i should go with mf global, sonray, go markets or macquarie. the other one im looking at is IB. i dont know, ive been researching since feb. ive got an account with sonray, i dont know if i like them too much. i trade oil on there, and then lightly do it on ig as well (i like the mobile checking at night or when im not at home). for SPI though, the liquidity seems to be pretty low in the evening sessions. any clues?
in terms of keeping it, yea, thus id like to start cutting down on risk. in fact i trade very differently now as opposed to what i did when my account was very small. unfortunately balls shrink with age, and so do the returns. lol
Macquarie is good, i would recommend them. However, i only use them for shares.
You should save 400k and use 150k for trading. Capital preservation eh...
seriously though --- if you started with $1500, how the heck did you ever get up to holding between 20-40 contracts?
accounts). . plus i do apologise when i said 20-30 lots, i did mean up to 50 mini lots(1/5ths) spread over 2 accounts. which means up to 10 full contracts, although i do confess i have went over at times.
is the live feed expensive? unfortunately i cant preserve all. tax time is coming aroundim not looking forward to that
i confess that i was skeptical, but my question was legitimate based on the info you had given -----
compounding X high risk+ a dash of good fortune is powerful stuff --- forget the ballz of steel ---- more like ballz of cryptonite
i'll go and extract my foot from my mouth now
You've just made 550k and you're asking about the live feed. Lol.
No, there is an ASX Royalty fee of $41.25, which is rebated after a certain monthly brok. spend. You would achieve that easily by the sounds of it.
By the way, may i ask: what were your overnight holding costs like (per night figure would be good) when you held SPI 200 and crude for days and weeks on end?
I'm thinking medium terms is the way to go, provided you have the "balls" to hold. Yes, balls of steel are definately in order.
DEAL Closing trades 23/12/08 GQ54GD Australia 200 Cash (A$5 Mini Contract) - 3791.5 A$ +5 3580 A$-5,287.50
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