Smooth curve good stuff. Yeah, the more I watch the kospi the less I like it. Couple mornings got caught offside on those larger range moves and there goes your day if it doesn't do anything else for the rest of the session
Scalping the HSI & the K200 (SIM)
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Smooth curve good stuff. Yeah, the more I watch the kospi the less I like it. Couple mornings got caught offside on those larger range moves and there goes your day if it doesn't do anything else for the rest of the session
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I don't mind it actually, seems to be reasonably predictable, it's definitely the ES of Asia.
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How the session ended up on the Kospi. Was stacking up to 10 lots, a drill that we did at the prop shop during training. Can work OK if you get lucky on the runs....and vice versa!
Stacking the orderbook by any chance? Think I did the same drill. 10 lots on the k200 is huge man I wish I could control that kind of size within risk! What would you be trading on live account? or are you trying to trade as if it were prop account?
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Yeah but with my own spin on it, to try out certain things. Not really trying to "do" anything, just having a go and remembered some of the drills we did, staying in the market all day was one, Won't be trading live for a long time, need funding, so just experimenting, will have a more serious go at it when I get the data to replay back, going to try lots of different markets to see what I like the most then go from there. I usually just always go up to 10 lots on whatever I try, can't hurt getting an idea on how to use/control a bit of size anyway
Yeah but with my own spin on it, to try out certain things. Not really trying to "do" anything, just having a go and remembered some of the drills we did, staying in the market all day was one, Won't be trading live for a long time, need funding, so just experimenting, will have a more serious go at it when I get the data to replay back, going to try lots of different markets to see what I like the most then go from there. I usually just always go up to 10 lots on whatever I try, can't hurt getting an idea on how to use/control a bit of size anyway
Ah k, you looked at topstep or keen to go back prop in aus?
shAt I forgot to send that today sorry, will ride down tomorrow and give it to the snail!
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Yeah had a look, but looks like its only US stuff for TST. Don't think aus prop would take me again until I prove myself on a live account for a long, long, long time. Who knows. I'm just trading now because I like it. It's not really that realistic for me as a real venture, unless someone would like to give me 50-100K for a 50% cut, but I think pigs might fly by my window before that happens haha
Yeah had a look, but looks like its only US stuff for TST. Don't think aus prop would take me again until I prove myself on a live account for a long, long, long time. Who knows. I'm just trading now because I like it. It's not really that realistic for me as a real venture, unless someone would like to give me 50-100K for a 50% cut, but I think pigs might fly by my window before that happens haha
You can apply for a special combine or whatever it's called with TST, I emailed them once but their requirements aren't realistic of trading imo, winning days and all that poop.
You never know man, once people see a couple good trading results it's been my experience that some will want to throw money at you, the hard part is doing something productive with it
Heh, I guess it's not realistic for me either, I'm just lucky that I've got parents who haven't kicked me out yet, enough of an account to have a crack with, and a gf who doesn't mind! Now to show some profitability...haha
A downday, but reassuring from the smaller trades I took adjusting to market conditions. Would've been an upday on the big seng but the small tick value of 1 ctr on the mini matched with commission makes for some diminishing returns the more trades one takes!
Didn't adjust to the long direction quickly enough to profit from it, was still just taking fades. But, another day down, account not blown up and some ok trades taken. Me = happy.
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Just for your info, you can customise the parameters. So you could ask them to not have the 50% winning day requirement and add something else instead, (say something like average winning day has to be higher than average losing day). I'm about to fail a combine, but in my opinion they are definitely do-able, i certainly wouldn't be keen on giving anyone any money that couldn't pass one.
Edit: also obviously i'm not prop so can't say for certain, but i would think alot of the stats they have would be pretty common in prop firms, they're solid trading principles and we're up against guys who meet them day in day out
Yeah they weren't too keen on easing up on certain parameters from my short discourse with them. So the road kind of ended there :\ lol.
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Fair enough, didn't realise you'd spoken with them about customising one. I haven't spoken to them about changing anything, but if i did another one would ask for a lower profit target in return for smoother equity curve (lower daily stop loss, lower max contracts, lower max drawdown)
Yeah no stress. So you'd prefer to mitigate some of the risk, will you try again?
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The opening and closing of those candles don't match. So even if there were no other issues, the volume still wouldn't match since IB's bars are opening and closing at a different time to NT's bars.
Obviously there's more going on here than just that though, and yes, it sucks.
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I think i can pass it how it is, i'm failing because of crap trading and not having a decent plan going into it. I basically crumbled under the pressure. If i could make it easier for myself by bringing the profit target down would probably do that though.
Not sure if i will do another one, maybe one more, it is kind of the only option I see available being an undercapitalised trader in Melbourne. Even if i had the capital i would still prefer to go the prop route
Yeah I hear you. Prop setup wins over retail any day of the week. Now just to actually trade like a prop trader
CanOz
Home runs feel good, but base hits pay bills!
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trade frequency looks pretty good mate...
Something I haven't really thought about/focused on up to this point. I'll start to take it into consideration.
Just working on timing of trades in relation to the session e.g. when to expect fades, when to expect real breaks. Especially with the arvo session which is a less familiar format.
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