Tech/a vs. CanOz - Futures Trading Competition

[barney]

After reading various other posts on other threads
I have decided that discussion is pointless and serves
No purpose. The time it takes to present a viewpoint
Serves very little benefit to readers and plenty of
Fodder for cynics

That's a big reversal of enthusiasm there Tech!

I understand your point, but I'm sure you'd be the first to agree that a little dose of cynicism is healthy on a public Forum. I think you'll find that the "readers" get a lot more out of what is written than the "repliers" often do

I also think the majority of punters have a good grasp of who is being fair dinkum so I wouldn't be too concerned about the serial "knockers" whoever they are. Personally, I can't really think of any off the bat.

Cheers.

 

[CanOz]

Here's my trade record so far...

 

[beachlife]

Can, I am still curious as to why you trade spreads. It seems you have to pick a direction but are using spreads to keep the risk low. But you are paying two lots of costs and have to search for a spread that fits.

Are you using spreads purely to reduce the leverage or is there some other reason?

 

[CanOz]

Can, I am still curious as to why you trade spreads. It seems you have to pick a direction but are using spreads to keep the risk low. But you are paying two lots of costs and have to search for a spread that fits.

Are you using spreads purely to reduce the leverage or is there some other reason?

I'm trading spreads to reduce the volatility and try to catch larger moves. I'm having a lousy start too, taking a beating on HO again...

 

[tech/a]

Still trading when I get the chance

Managed +350 on the DAX
-204 on the FTSE.

Over all since start I'm around even.

Got called away with people over and missed setting for an overnight short.
6570 area best.
May re test it so too much risk for me.

 

[CanOz]

I got stopped out on a currency trade yesterday for a 20 tick profit, then got absolutely reamed again for a full stop on that Heating Oil spread. The worst part was i woke up at 3:40 AM and could have exited for a smaller loss, but it was at a point where it could have turned....and didn't.

 

[Valued]

I got stopped out on a currency trade yesterday for a 20 tick profit, then got absolutely reamed again for a full stop on that Heating Oil spread. The worst part was i woke up at 3:40 AM and could have exited for a smaller loss, but it was at a point where it could have turned....and didn't.

Do you think though you should have actually exited knowing only what you knew at 3:40am or did you think it was the most positive expectation decision but it didn't work out this time?

 

[CanOz]

Do you think though you should have actually exited knowing only what you knew at 3:40am or did you think it was the most positive expectation decision but it didn't work out this time?

Well yeah in hindsight i would have been better off. maybe i should have set my alarm and woke up before the session ended while the book was still thick. It would have been difficult being half asleep trying to get both legs filled properly.

The worst thing about trading these Calendar Spreads is the time zone....

 

[pavilion103]

This hasn't exactly been an epic battle of the heavyweights as yet!

CanOz - I'm not familiar with what you're trading so I can't comment specifically on it.

Tech - I feel that a lack of screen time has been your worst enemy at a time where there has been a golden opportunity to profit. I dare say if you'd had the opportunity to be at the screen more the last couple of weeks you'd be up $5,000 or more!

 

[CanOz]

I guess there is something to be said for a good exit. This time i got out at my 2% limit or close enough...it went onto rally again...Energies are too volatile for me to trade right now...a reflection of the risk on/risk off mood i guess.

 

[Newt]

This hasn't exactly been an epic battle of the heavyweights as yet!

Awww - that's just harsh isn't Pav?
Actually, its probably better in some ways the wannabes are reading this and there aren't massive riches being clocked up. The contest figures are probably a good wake up call how things are often very challenging when you first start out. Agree it sounds like Tech has penalised himself time wise a bit without complaining, and Canoz is being downright brave attacking spreads in real time. Cheers for all that are giving it a go....

 

[tech/a]

I'm enjoying the challenge.
Things will crank up I'm sure.
But nights like tonight where
you have to be really at it--I
just don't have the time or inclination.
Rather get the odd good move and
every now and again will be at the screen
when I can belt it--limit 3 contracts---

You only need a couple of them and your
starting capital can be doubled quickly

 

[CanOz]

Will post an updated account tomorrow. Been a bit busy on the social calendar with all the Lunar New Year celebrations...I'm suffering from sleep deprivation from the 5th day fireworks too i reckon

Anyway, the recent volatility has spoiled some seasonal spreads, so not much to trade. Maybe I'll post up a few that i was watching so y'all can see how they've diverged.

My account will be down another 500 or so from the HO spread loss...

Just a waiting game now....rather be trading indices i think, that's where the volatility should be working in Techs favor at least.

 

[tech/a]

I too am a few 100 quid lower.
Excuses I know but had a big 60th on the W/E and still have interstate
guests staying over--so little screen time and some sloppy trades before rushing off to dinner
or joining people socially at night.

Missed some great trades.
But that's life.
Will keep at it.

They say age is just a number---but its a bloody big number!

 

[Sir Osisofliver]

Excuses I know but had a big 60th on the W/E and still have interstate
guests staying over.

They say age is just a number---but its a bloody big number!

You know you're 60 when...

The phrase zero to 60 means your life is flashing before your eyes.
You start getting carded again, but now cashiers want to see your senior card to make sure you're old enough to qualify for the discount.
Instead of adding blueberries to your cornflakes, you just sprinkle them with your morning medications.
Your joints snap, crackle and pop more than your Rice Krispies.
Your liver spots are starting to make you look like a Dalmatian.
Your gums have receded so far that you look like you could be the oldest cast member of Twilight.
You save a ton of money on shampoo, not because of your senior discount, but because you now have too little hair to bother with it.
You no longer need a spoon to stir the creamer in your coffee. You just pour the milk in and let your shaky hand do the job.
You go from wearing bifocals to wearing trifocals.
The 20-year-old clerk at the DMV thinks you're joking when you say you are there to renew your driver's license.
Your brand new lighter runs out of fluid before you can light all five-dozen candles on your cake.
Trying to remember what you wanted to wish for leaves the candles burning on your cake long enough to set off the smoke detector.
There are so many medication bottles in your bathroom cabinet that you no longer have room for cosmetics and toothpaste.
You finally have to admit that your "character lines" are really just wrinkles.
You start wondering who that old woman/man is looking in your window and realize you're standing in front of the mirror.
You remember back to when you used to need a booster seat at restaurants, and realize that now you could use one to see over the dash on your car.
You used to make fun of adult diaper commercials, and now you're clipping coupons for them "just in case."
You look back fondly at your 40th birthday and laugh at all the trauma you felt about getting so old.

<.< >.>

 

[tech/a]

You know you're 60 when...

The phrase zero to 60 means your life is flashing before your eyes.
You start getting carded again, but now cashiers want to see your senior card to make sure you're old enough to qualify for the discount.
Instead of adding blueberries to your cornflakes, you just sprinkle them with your morning medications.
Your joints snap, crackle and pop more than your Rice Krispies.
Your liver spots are starting to make you look like a Dalmatian.
Your gums have receded so far that you look like you could be the oldest cast member of Twilight.
You save a ton of money on shampoo, not because of your senior discount, but because you now have too little hair to bother with it.
You no longer need a spoon to stir the creamer in your coffee. You just pour the milk in and let your shaky hand do the job.
You go from wearing bifocals to wearing trifocals.
The 20-year-old clerk at the DMV thinks you're joking when you say you are there to renew your driver's license.
Your brand new lighter runs out of fluid before you can light all five-dozen candles on your cake.
Trying to remember what you wanted to wish for leaves the candles burning on your cake long enough to set off the smoke detector.
There are so many medication bottles in your bathroom cabinet that you no longer have room for cosmetics and toothpaste.
You finally have to admit that your "character lines" are really just wrinkles.
You start wondering who that old woman/man is looking in your window and realize you're standing in front of the mirror.
You remember back to when you used to need a booster seat at restaurants, and realize that now you could use one to see over the dash on your car.
You used to make fun of adult diaper commercials, and now you're clipping coupons for them "just in case."
You look back fondly at your 40th birthday and laugh at all the trauma you felt about getting so old.

<.< >.>

Seriously if I was that 60 yr. old --shoot me!

 

[burglar]

Seriously if I was that 60 yr. old --shoot me!

I used to say that ... but I have had a few good days since my 60th!

 

[Trembling Hand]

Just a waiting game now....rather be trading indices i think, that's where the volatility should be working in Techs favor at least.

Can I join in since I've been hobbled today? Largest size was a 4 lot so that would of been about half the allowed capital.

I submit my 45 minutes work,



$1700 AUD up. get back to me when I need to do some more.

 

[CanOz]

Can I join in since I've been hobbled today? Largest size was a 4 lot so that would of been about half the allowed capital.

I submit my 45 minutes work,



$1700 AUD up. get back to me when I need to do some more.

Ok...you win...first prize is a tryout with a Prop Firm...oh yeah you already work for a Prop Firm...ok, you get a pack of chewy

 

[tech/a]

Can I join in since I've been hobbled today? Largest size was a 4 lot so that would of been about half the allowed capital.

I submit my 45 minutes work,



$1700 AUD up. get back to me when I need to do some more.

Great stuff

But with all due respect its not your $$s.

Hop on tonight with your $$s and sure no problems.
I look forward to an absolute caning!