FIFO rule kills futures traders profits!

Discussion in 'Trading' started by Ates, Nov 12, 2020.

  1. Overnight

    Overnight

    Kthnxbye
     
    #31     Nov 12, 2020
  2. Ates

    Ates

    No offense here. Didn't mean to be rude!
     
    #32     Nov 12, 2020
  3. Overnight

    Overnight

    Kthnxbye
     
    #33     Nov 12, 2020
  4. steve2222

    steve2222

    Use Sierra Chart (Flat to Flat trade reporting/recording option) with a broker other than AMP then. ( FWIW: I use AMP and have no issues with them).
     
    #34     Nov 12, 2020
  5. Ates

    Ates

    Thanks @steve2222 but i use a mac. Also i am talking about real-time plotting. I want to see the average of position not remaining lots.
     
    #35     Nov 12, 2020
  6. Overnight

    Overnight

    Game penalty! *snicker*
     
    #36     Nov 12, 2020
  7. Ates

    Ates

    What is wrong with you?
     
    #37     Nov 12, 2020
  8. Overnight

    Overnight

    If you think your computer platform has any effect on your interpretation of how your trading software reports your trades, you are lost. So...Game PENALTY!

     
    #38     Nov 12, 2020
  9. bone

    bone

    I have no background in using Motivewave, Tradovate and Tradingview. Can’t help you there.

    If someone held a gun to my head and forced me to manually scalp ES and NQ, I would lease the highest speed line I could get, I would clear an FCM directly (Advantage, Dorman, Rosenthal Collins, RJ O’Brien), and I would use TT X-Trader.

    I’ve sat next to some seven figure scalpers on Eurex and Globex years ago - but they were all considerably more selective than you are. Your broker must love you.

    And they usually got fired for adding because that takes no particular art or skill - any monkey can fade a market.

     
    Last edited: Nov 12, 2020
    #39     Nov 12, 2020
    yc47ib and Ates like this.
  10. maxinger

    maxinger

    right.

    FIFO thing will not cause a trader to lose money.

    It doesn't mean if a trader switches to
    LIFO, pro rata, or flat to flat thing, he will start to earn tons of money.


    Some platforms are speedier, easier to use, have better features ....
    It also doesn't mean if a trader switches to
    another platform, he will start to earn tons of money.
     
    #40     Nov 12, 2020