sim03, I am struck (and touched) by your worrying about me. Worry about you. If you re-read my prior post somewhere back in this thread. I have (3) accounts that I trade from. The prior discussions gave you an example of my Tradestation account. In that particular account, I am long 30 contracts of EC right now. As I look down at my stats. I am down $6,250 and have purchasing power of $69,320 in this account. The other contracts are in my IB accounts which are way under my allowed trade sizes. These accounts have grown quite large, but I do not put on large size in them. Stop worrying about the contract sizes and focus on the value levels. I am not a scam. I am not "coinzy". I am not trying to prove anything. Just trying to show you how I trade. I debated about showing the quantities, but I think it helps people understand the risk and the possibilities. Now focus on the value levels here....do you think it is a good place to be a seller when you look at the monthly chart? Granted we are near the break out area so you may think this way. But I don't. Also, if you can't "TAKE SOME HEAT" then you should consider leaving the kitchen cause it gets hot as hell in here and I start sweating real bad after my coffee. Good luck and keep asking questions. DRT
Whoa... who's the one being touchy here? "Struck" is a positive term, you know. Sorry if I somehow offended you. No need to be defensive. No one is "worried" about you, compared you to Coinz or called you a scam. (Where are you getting all this stuff?) On the contrary, I think you're one of the most valuable contributors on ET, and my guess is I'm not the only one who thinks so. Especially after the last couple of weeks. I appreciate your taking (considerable) time to keep this excellent journal going. Just trying to better understand what you do and how you do it, that's all. Isn't that one of the goals of your journal? Your obvious trading success and apparently using high leverage levels all the time for positional trading (as opposed to scalping) are of great interest to me. No kidding. Hope you continue doing this for a very long time. Yes, specific quantities are very useful. Without them, it's all just abstact numbers on screen, hard to get a good idea of risk, reward, margin, leverage. Best of luck (not that you need it). PS You didn't have to reply twice, I got it the first time.
Sorry. You're right. My P&L is all red at the moment and I am edgy. Thanks for the kind words. Now go buy some Euros for me. DRT
Thought I would re-post this from Sunday's comments. It may be a good time to consider the short on USDCAD, but risky also. DRT
Bottom line is that he is not actually trading these positions. His account size is much much less than the CME exchange minimums for overnight positions, let alone IB. Second, he is able to take the heat, because they are paper trades. The thread is a somewhat interesting read, but must be looked at also for what it is, which is papertrading.
I am going to ignore you once again. If I remember correctly, you are the same bogus poster who was recommending I didn't know what I was doing when I was buying USDJPY at 113. How's your trade doing by the way...you decide to cover yet. Here's my TS matrix. Now I'm glad you are visiting my thread here so you can perhaps do a little better on your entries because you obviously don't understand how to trade let alone the CME margin requirments. Please don't troll around here and discourage people.
Here is the margin requirements just so arsewhole doesn't confuse you guys... People like him burn me up. Just cause he is in the 95% group. DRT
Hey - I got a novel idea - who gives a flippin f**k if DRT is trading 50 cts, one ct or 5 million cts - it has no bearing here in my estimation. I don't recall a mention of any promises of cutting us in on the action - this is not a LW seminar. As he has stated, talking numbers simply exemplifies the opportunities and risks presented using leverage. The only thing that concerns me is the opportunity to look over someone else's shoulder and perhaps gain additional insight on how to view these markets. He provides his mkt calls close to realtime for all to follow - I believe they can stand on their own merit, right or wrong. Such are the inherent flaws of cyberspace - nobody trusts the next guy, and instead are always cruising for ways to discredit. Two things to consider - all ideas are freely dispensed, and nobody is holding a gun to your head to read. Understand that I direct these thoughts to no particular individual, but rather, to the "nature of forums" in general. And perhaps it is only my distorted conception that people in general apparently feel they are entitled to something of value, just for their time invested. But I don't recall ever reading that guarantee anywhere. Have a great day...