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

[Nero64]

Well done Ivan. You may have a bit of my money there which I have given to IG over the year.

Because no one knows what the market is going to do tomorrow.

George Soros says he knows. He was interviewed on tech ticker and he said I know exactly which way the USD is going to go, but he wouldn't elaborate.

 

[Bobby]

Hello Ivant,

I've gone overnight many times on the SPI without any stops , only slept well when pi**ed , sometimes there was a nice surprise the next morning & some horror shows
Lucky it's balanced out in my favor so far ..
Just like to know how you handled that sort of pressure ?

 

[ivant]

What I'd like to see Ivant do is to put $398,700 in to the bank/buy gold bullion/whatever and start again. If you get to $400k again, then its time crack open the Dom Perignon.

i think that sounds great, but i wont take that challenge on. i want to improve as a trader and not repeat luck.

I must say, hard to believe, but if it's all true you have obviously found the trading plan we wish we all had. I recently finished a course and still losing money so well done.

If I were you I'd go all out. You obviously have a great win/loss ratio so I'd keep trading the way you are. Like you said, at your age it's the best time to go bankrupt

haha. i wish my trading plan was more mechanical. there is a lot of thinking and a lot of work that it requires. i want to reduce risk because risking more than i have is insane. however having the capital to let me live on is great. you will do great if you just stick in there. ive been killed and told to stop by many many people, inclusive of my parents.

Well done Ivan. You may have a bit of my money there which I have given to IG over the year.




George Soros says he knows. He was interviewed on tech ticker and he said I know exactly which way the USD is going to go, but he wouldn't elaborate.

sorry for stealing your money soros does know. lol. but im not soros! i wish i could be. maybe one day..

Hello Ivant,

I've gone overnight many times on the SPI without any stops , only slept well when pi**ed , sometimes there was a nice surprise the next morning & some horror shows
Lucky it's balanced out in my favor so far ..
Just like to know how you handled that sort of pressure ?

interesting point. i usually go to bed at 3-5 am so i get a good understanding of what is happening. then i have an alarm going off by the hour if its important. i love to be in the know. i usually miss the open unless i need to do something. at the moment (since around july) we have been more active at night then in the day. i dont know when that will stop, but at the moment i just stay though the night. i theoretically trade the FTSE and DOW too, because overnight prices move on their moves. usually they are pretty well correlated though.

 

[alwaysLearning]

i reckon Ivan is smart enuff to answer for himself, but just a couple of points to ponder ----

i questioned this trade a few posts back and was given a perfectly logical answer to explain it ---- ie rogue spike --- IG reversed the trade etc etc

DEAL Closing trades 23/12/08 BSWQ77AC Australia 200 Cash (A$5 Mini Contract) - 3500 A$ +5 3791.5 A$7,287.50

This is the reversed trade on the same date ----

DEAL Closing trades 23/12/08 GQ54GD Australia 200 Cash (A$5 Mini Contract) - 3791.5 A$ +5 3580 A$-5,287.50

NB. You dont get reversed trades on IG Demo accounts !

Next --- the screen shot ---- stay with me here folks

last trade done on 08/04/09

the third fourth and sixth trades all closed on the 02/04/09 were Oz cash trades entered at either 3171.5 or 3184.5

Those entry levels could not have been entered any later than 10 March

that is 18 Trading days till the 02/04/09 and 21 Trading days up till the last trade date (and doesnt include weekends)

IG Demo accounts are 14 Days only ----

on face value the accounts look real

did he make half a mill?? --- who knows --- but there is over 30 grand of closed profit on the screenshot alone

are the accounts real?? --- they could well be, and if not ----- its a bludy good hoax

i hope Ivan sends a couple of statements in and put us all out of our misery so we can get back to milking the goats !!:sheep: (the goats on holidays ---- thats his mate "Shawn" who thinks he's really Skippy --- is it too early to be drinking !! lol --- only caffeine of course !!

You are a smart man Cartman. Good detective work there

 

[alwaysLearning]

Ivan if you have a tendency to gamble big - nothing wrong with that.

here's my advice. take out everything except $20,000 and do it again. will satisfy your urge to push things, you can still leverage up but if you blow your account you start again with another $20,000. After you blow it 5 times you will start to think a little differently about your process. And you will still have $300,000 left.

Golden post here. But then again Ivan, don't doubt yourself either. If you can do what you can do then maybe you're gifted in some way that most people are not.

But TH post is great because at least you can prove to yourself a few times just to make sure and at the same time have enough to risk a bit less.

Also Ivan I note you mentioned that things will get a bit more difficult as size grows anyway.

Anyway well done Ivan

 

[Cartman]

You are a smart man Cartman. Good detective work there

Lol --- for craps sake dont tell anyone that A/L --- you'll ruin my reputation

Hats off to Ivan ---- he is the smart one ---- believing in his ability enuff to keep putting the cash on the line ----

Both him and TH are rare commodities !!

Ballzy --- Brilliant --- Brazen ---

I had some of those qualities once but then i added another B word --- "Boofhead" and lost the lot lol ----

Inspirational stuff Ivan ---- cant stop smiling for ya

 

[ivant]

Lol --- for craps sake dont tell anyone that A/L --- you'll ruin my reputation

Hats off to Ivan ---- he is the smart one ---- believing in his ability enuff to keep putting the cash on the line ----

Both him and TH are rare commodities !!

Ballzy --- Brilliant --- Brazen ---

I had some of those qualities once but then i added another B word --- "Boofhead" and lost the lot lol ----

Inspirational stuff Ivan ---- cant stop smiling for ya

haha Cartman was one of the first to be on the ball. That actually was a great pickup! I was surprised. I was a little stumped at first haha. Haha you are a great man Cartman. Although I think TH is the rare commodity, I'm just blowing in the wind. Thank you nevertheless.

 

[sagitar]

Ivant, I must admit I have enjoyed reading this entire thread and like most other here are quite impressed with your returns....congrats!

I have wondered though why don't you try out Direct Market Access (DMA) on Igmarkets (referred to as PureDMA)? The key thing here is that you won't be struggling against a Market Maker, hence your spreads will be those set by the actual buyers/sellers in the market. I also have an IG account and am looking to upgrade soon. If you've already tried DMA out I'd be keen to hear what you think of it? Otherwise give it a shot and see if it helps with slippage problems.

Anyone else use DMA? If so, what your thoughts...


thanks.

cheers
Sag

 

[Bobby]

interesting point. i usually go to bed at 3-5 am so i get a good understanding of what is happening. then i have an alarm going off by the hour if its important. i love to be in the know. i usually miss the open unless i need to do something. at the moment (since around july) we have been more active at night then in the day. i dont know when that will stop, but at the moment i just stay though the night. i theoretically trade the FTSE and DOW too, because overnight prices move on their moves. usually they are pretty well correlated though.

Ha Ha ! Now I know how you did it

And as for that DOW correlation at night , I do agree ,.
Notice it turned up quick tonight , I had some shorts on but escaped just before , the DOW Futs didn't give the warning but gut feel said close them now

 

[ivant]

Ivant, I must admit I have enjoyed reading this entire thread and like most other here are quite impressed with your returns....congrats!

I have wondered though why don't you try out Direct Market Access (DMA) on Igmarkets (referred to as PureDMA)? The key thing here is that you won't be struggling against a Market Maker, hence your spreads will be those set by the actual buyers/sellers in the market. I also have an IG account and am looking to upgrade soon. If you've already tried DMA out I'd be keen to hear what you think of it? Otherwise give it a shot and see if it helps with slippage problems.

Anyone else use DMA? If so, what your thoughts...


thanks.

cheers
Sag

Correct me if I am wrong, but isn't DMA for stocks only? In any case, I'll be moving to futures sometime soon. Probably in the upcoming weeks. I am swing trading though, and I am pretty confident they cover my positions in the underlying market.

Ha Ha ! Now I know how you did it

And as for that DOW correlation at night , I do agree ,.
Notice it turned up quick tonight , I had some shorts on but escaped just before , the DOW Futs didn't give the warning but gut feel said close them now

Lol you are on to something my friend. By not being a real person I am an alien . I closed my shorts out yesterday (as I mentioned a few posts ago, a few hundred posts ago lol), I thought we got a little short-term oversold. I have a small position riding long. I am a little unsure at the moment, this movement isnt very convincing to any direction IMO. Probably more to retest the highs then to the lows. Nevertheless, will be interesting to see. If there will be some confirmation of a continued fall (i am very very bearish still), i will reenter. Good gut feel though so far!! Well done

 

[ivant]

Ivant, I must admit I have enjoyed reading this entire thread and like most other here are quite impressed with your returns....congrats!

I have wondered though why don't you try out Direct Market Access (DMA) on Igmarkets (referred to as PureDMA)? The key thing here is that you won't be struggling against a Market Maker, hence your spreads will be those set by the actual buyers/sellers in the market. I also have an IG account and am looking to upgrade soon. If you've already tried DMA out I'd be keen to hear what you think of it? Otherwise give it a shot and see if it helps with slippage problems.

Anyone else use DMA? If so, what your thoughts...


thanks.

cheers
Sag

Oh and thanks for the congratulations Sag

 

[tech/a]

Ha Ha ! Now I know how you did it

And as for that DOW correlation at night , I do agree ,.
Notice it turned up quick tonight , I had some shorts on but escaped just before , the DOW Futs didn't give the warning but gut feel said close them now

That gut feel indicator has to be one of the most used on the planet.Perhaps there should be a thread for "Trading Mavericks".
My analysis tells me they wont be posting in 6-12 mths.
Seen plenty come and plenty go.

 

[Agentm]

Just a quick note, before I answer the past posts, I have sent Prawn my statements, as I really don't want to disclose them publically. Nothing personal, it is not for everyone to see.

On reflection here is what I have noted, and I WILL say this to the public, I have made 400K (395 + 5K that was reversed) and not 550, from a starting stake of 1300. I do apologise about this, but I have not looked at my statements since October. This equates to 307 fold. Sorry for approximations and the mistake in what I did say.

That is a major difference, I realise, and I will blame human tendency to overinflate what one has. Remember the last time you looked at your bank statement. As Dylan Moran said, "You always get disappointed when you do that".

I am glad this post has provided satisfaction to the readers. Hopefully someone has learned something out of it, and hopefully after this is all done and dusted, we can start a post about all the mistakes I have done and advise for no one to follow. Beamstas will have a ball, since he seems to be in the wrong game.

well fug me...

i owe you an apology ivan..

i absolutely thought some very well spoken hoax was happening, and i was extremely amused and intrigued by this thread..

your certainly have achieved some tremendous gains, and what i like about you is your openness to wanting to discuss what didnt work also.


keep on posting away. i am sure plenty here will be extremely interested in your input..

i am off to blow some goats now

 

[Trembling Hand]

I've gone overnight many times on the SPI without any stops , only slept well when pi**ed , sometimes there was a nice surprise the next morning & some horror shows
Lucky it's balanced out in my favor so far ..
Just like to know how you handled that sort of pressure

Why put yourself into such a silly state

 

[brty]

Hi,

Ballsy, Gutsy, Brazen....

Don't do this at home etc... are what everyone seems to be implying. Yet what is the downside?? $1300 and time (and not much of that).

Perhaps this is the way we all should be trading. Take a small starting account, pony it up with huge risk, and stop at a predetermined time, withdraw 95% of balance, and do the same again.

If you blow up So What??? it is only small starting amount and "market money".
If it works, rinse, repeat.

This thread is making me think about my entire trading philosophy, and I've only been doing it on and off for 29 years.

brty

 

[beamstas]

Hi,

Ballsy, Gutsy, Brazen....

Don't do this at home etc... are what everyone seems to be implying. Yet what is the downside?? $1300 and time (and not much of that).

Perhaps this is the way we all should be trading. Take a small starting account, pony it up with huge risk, and stop at a predetermined time, withdraw 95% of balance, and do the same again.

If you blow up So What??? it is only small starting amount and "market money".
If it works, rinse, repeat.

This thread is making me think about my entire trading philosophy, and I've only been doing it on and off for 29 years.

brty

Don't forget if you are risking more than your account size the broker ain't gonna write off your margin call

 

[tech/a]

Hi,

Ballsy, Gutsy, Brazen....

Don't do this at home etc... are what everyone seems to be implying. Yet what is the downside?? $1300 and time (and not much of that).

Perhaps this is the way we all should be trading. Take a small starting account, pony it up with huge risk, and stop at a predetermined time, withdraw 95% of balance, and do the same again.

If you blow up So What??? it is only small starting amount and "market money".
If it works, rinse, repeat.

This thread is making me think about my entire trading philosophy, and I've only been doing it on and off for 29 years.

brty

It maybe a suprise to some buy I actually agree with this.

Its an important discussion topic one I will start soon on the beginners thread.

 

[brty]

Most talk about having risks of .5% or 1% or 2% max. Perhaps the 20%, 30% or even 50% risk of account size is/could be appropriate for set period trading of a certain style.

For Ivant it has worked by being short and aggressive at the right time. Of course market conditions change, and such an approach won't work in all conditions. An aggressive range trading strategy will only/could only work in the appropriate market conditions. Same for long strategies.

brty

 

[prawn_86]

If you blow up So What??? it is only small starting amount and "market money".
If it works, rinse, repeat.

I can see what your saying but the key to me is IF it works. I tried doing the same thing when i first started and quickly blew up a CFD account.

So at what point do you stop 'throwing good money after bad'? As long as people understand that its not actually easy to do and are willing to take high risks then its ok. But to me it just become gambling if they are always just chasing the next 'big win' constantly topping up their account with other cash

 

[MS+Tradesim]

Ivan, well done. I followed this thread with interest. I didn't disbelieve your claims because I know what can be achieved. But it can be blown just as easy with a losing streak fed by revenge trading and panic responses.

Maybe you're the next Soros. But like others have said. Put aside the bulk of your money and try it again. If you can rinse and repeat several times, then you'll know it wasn't just a statistical fluke. Good luck.