Thanks for your reply! I have been trading 1010 from the end of 2014, and it just turns very ugly lately. but as you said, many people still believe in it because it was a super high win-rate product and therefore they (including me) just dont wanna let go. however time to face the reality we need to change to stay in the market. I opened a few charts (US CURVE) you mentioned above, i think the core idea of trading these products is still fading the move (noisy trade)in certain time-frame and sometime join the train (data trade) but with many conditions. it is great to see you come back and give some ideas to others.
Just curious. How many instruments were you trading intraday then, and how many are you trading intraday presently?
Good question. Back then, I was focused on two spreads (never outright): 1. Aus 10 v US 10 bond spread, and 2. the Aussie spi vs. E-Mini. I would try to keep my size about the same so that a blow in one did not influence the other. These were the only 2 things which made 90% of my account. They did not correlate with each other in terms of trades provided, or blow outs. I have completely stopped these for the reasons listed in my previous post. I strongly believe my hours, risk taken and limits can be done in a healthier way with what I'm doing now. Today, I don't trade a specific number of products. I trade a session of interest. 1. Asia open (Aussie spi, Nikkei, China H-Share or A50) 2. European open/close (Eurostoxx/Dax, UK GILT/FTSE, French OAT/CAC40, Canadian 10yr bond...) 3. American open (Treasury Note or S&P or Corn or Oil or Currencies or closing European Equities) I'm still experimenting every day and testing ideas. Some products I can read well, others not so much. It also depends on the information tools you have available as well. Which one I'm currently trading depends on the context of the day/week/month and how the price action is behaving on the day. I will not deviate away from 1 product on the day as that is a sure way to lose money and spread your edge away. You'll be surprised how many people are risking their entire month, or quarter, or year, every time they click the button to get in a position. I was doing it for a long time and got lucky once because I had a quarter million dollar buffer sitting there for 8 months. Maybe the next guy won't be so lucky.
do you mind give us one example of your current trading and let say how do you plan it and how do you execute?
Thanks for the response. Are you saying that you focus on only one instrument or trade idea on a given day? May I assume that you are referring to people taking outsized positions relative to their capital?
@s0mmi Regarding what you said about sharing. Don't you think it's controversial to condemn traders who don't share and in the same post talk about diminishing edges. When it comes to sharing, there's always someone who leaks the knowledge and if it's worth anything, will spread like a wildfire.
I think Sommi trades at the DOM level, or at least uses the dom. But I could be wrong. In that case, sharing is not really an issue.
Sommi, Why can't we see your terrible October 2014 day on your equity curve? You had a 200K DD this year? It must be hard to come back. Good luck. It's funny because my own equity curve would similarities with yours even though I am mainly an agricultural trader.2016 has been terrible in terms of volatility in the grains market so far, except perhaps soybeans.