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Tech/a vs. CanOz - Futures Trading Competition

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Enjoy...Don't drink and drive!
 
Oh wow. Interesting.

Tempted to throw my hand up, but might leave this to the big guns to shoot it out
 

$35 k ok

I have an account with $34 now so fine.
I wont be starting until the week of the 6 TH
Not fussed how long
3 mths as a start or finish is fine.
 
Looks very interesting. lol @ bringing Larry Williams in reminds me of that guy on the bulls + bears thing I posted a few weeks back.

Especially interested in how you go about the calendar spreads Can I do a lot of intra day spreading stuff myself (inter-commodity not calendar) so will be nice to see a different point of view.

fwiw I hope there's no 'shot taking' in this comp for the sake of winning the comp. I'm just interested to hear how you guys are going about it on a day to day basis.

Hopefully there's some volatility over the next few months to make this interesting!
 
Four of the trades are shaping up nicely but copper is not cooperating with the seasonal trend YET.
 

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Can, when you have the note there saying ' Coffee - sell from Jan 5 +/- 10'

I assume that means you are looking to sell the spread (ie sell the front buy the back) any point from now up until the 15th? Am I reading that correctly?
 
kid hustlr said:
Can, when you have the note there saying ' Coffee - sell from Jan 5 +/- 10'

I assume that means you are looking to sell the spread (ie sell the front buy the back) any point from now up until the 15th? Am I reading that correctly?
Click to expand...

Yeah, that's it.
 
Starting account balance.
 

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pavilion103 said:
GL fellas.

Will there be regular updates?
Click to expand...

Its really up to the individual but we agreed on weekly equity updates.

Then the final equity and trades to be verified by Joe or a mod.
 
CanOz said:
Its really up to the individual but we agreed on weekly equity updates.

Then the final equity and trades to be verified by Joe or a mod.
Click to expand...

How do you police "max 2% risk" rule?

Broker statements are not going to show where your stop was when you entered the trade. Do you simply look at realised loss (which would be difficult for spreads as you can have a loss >> $500 on one leg which the other leg is well in profit)?

Or may be it doesn't really matter?
 
I'm not fussed if this limit is lifted.
If I get over 2% Ill be sticking my head in a bucket!
 
Regarding risk ... thats why i put it this way
-Risk per trade should be 2% or less.
Click to expand...

I'll do my best to manage my risk within the limits, but i cannot guarantee i won't go a little over due to the nature of spread trade management.

Its in my interest to manage the risk.
 
Don't know why there has to be a limit.

It's not like anyone is going to just put $35k on red or black to win the comp haha
 
pavilion103 said:
Don't know why there has to be a limit.

It's not like anyone is going to just put $35k on red or black to win the comp haha
Click to expand...

Yeah exactly, but it is good to have a target for how much to risk on each trade, as you know it makes up part of the math that will determine whether the trade management together with the edge is profitable.

Its good for newbie's to realize as well that we're trying to control our risk, as we cannot control the reward.

In most cases i won't be using hard stops, only a level on the spread chart. So its hard to place risk management stops on the individual legs. On some contracts a protective can be used...
 
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