We can tell, at least, that he is not "CITM", because on the daily statements he listed below, he has no margin requirements. So they are just day trades. Maybe they are lots of small trades, maybe they are few big ones. Knowing the minutia wouldn't help anyone to the point that they would be REQUIRED READING to know how to replicate hilmy's work, because it is all subjective and nobody could replicate it anyway. His monthly statement looks clean. He made 60K in a month. Why are you poo-poing him? I for one am happy as a clam he is making good bank. WTF cared what his MAE or etc ever was during July? Maybe his thread is providing value in the fact that it gives other folks hope they can do it too with a smallish account? @syswizard Yer lashing out on the guy in his own journal because he had a profitable month. Bad form, man. Why not celebrate with us, instead of shitting in the hors d'oeuvres?
Oh, and @hilmy83 pretty sure I mentioned early on in yer journal that you did not need to join the CME group to be profitable, as it would not have given you an edge on the level you were trading. So...Um, I told you so. Nyeh!
CITM applies to day trades for sure. You start in the morning and you close in the afternoon. In the meantime, you are long and short....constantly reversing. That's how it works Dude. You do NOT have to be in the market after RTH. I totally agree....but having some back-up stats would confirm he is trading and not gambling. Well, to Hilmy's credit, I for one, would not want to be playing poker against him. He obviously has some incredible intuition that goes way beyond mine, Well, you know I'm an expert in Acrobat Pro and Photoshop, and just having a 1 page summary of his account just doesn't make me convinced these are the real numbers.
What a F*cking stupid statement to be made not knowing his trading and contract volume. See what I mean ? We don't know his volume....# of trades, # of contracts. Once you get above 20,000 contracts per month, it makes a whole lot of sense to lease a seat on the CME. Man, otherwise, the exchange fees alone will kill half your profits. BTW: The CME Group is one of the most profitable companies in the world.....thanks to us suckers....er... traders. https://www.macrotrends.net/stocks/charts/CME/cme-group/revenue
just for syswizard dont' ever accuse me of photoshopping guy i'm done for the first half of trading...
Yeah...I figure on my own some of the basic performance metrics and risk metrics from his Youtube Live Channel and the recorded videos. In contrast, someone insisting on knowing the statistical metrics has an agenda to most likely criticize you for things you most likely already know... Once in awhile hilmy83 has a problem with risk management just like most traders...very big losing trading days. The difference is that he's able to bounce back unlike most traders. On most days he's trading / in control and a few days he was just gambling / losing control (not following his trading plan). I did not need to see any risk metrics nor performance metrics to know the above when he's trading versus when he's gambling especially when he's discussed such on his own without anyone asking for quantitative statistical analysis of his trade performance. Regardless, people like to throw around the phrases of large trade, small trades and such without defining what that is to them. Simply, one day 4 contracts is small to hilmy83 and the next day 8 contracts is still small to him while to the viewer it may be large position sizes. Personally, any position size > 10 contracts is a large position...my definition of that phrase although I'm a believer in an account size of 1 contract per 10k. Also, I don't remember seeing any swing trades (holding overnight) in those Youtube Live trading sessions. Thus, he mainly just day trades (not scalping) although I did not watch him trade every day. People don't realize that trade journals are very personal to the OP...it's like a diary. You can post some abstract stuff in it that others (viewers) may think its not useful to them or they view as not relevant but it is useful / relevant to the OP of the trade journal. Regardless, a lot better than viewing some of the typical hindsight trade journals although the hindsight trade journals are not a bad thing (names not mention). Yet, hindsight trade journals do have a small purpose...they tend to be created to be educational. Just the same, still better than the trade journals with OPs that do not post any verification of trade performance (names not mention). @Baron should require trolls in the journal threads to have their own trade journal with verification of trade performance too. If they can not do that...ban them from being able to post (attack) to the thread even though @hilmy83 doesn't want to play that "you're on my ignore list" game. In fact, Baron does the above in other threads at ET when OPs of the thread makes that request. I view it as a compromise solution...troll can still view the thread but just can not post any comments to it. As stated, to those that been around long enough from the beginning of this thread and the other thread at another forum...you do know his typical contract size, typical number of trades and other basic info as such. Info derived from the Youtube Live Channel when it was available for a few months. @hilmy83 has too many start's and go's. I personally do not think a a CME seat is suitable for him...at least not yet. Simply, he's not doing > 20k contracts per month as you've implied he would need to be doing. Thus, he's pushing enough size where he's getting closer to the point in which he knows he can save some coin if he gets a CME seat (he's discussed such). Yet, we all know markets change every year. One year you're pushing the size and you get a CME seat...that next year something changes in the market or your personal life...having that CME seat is no longer a viable asset. That's for him to decide...not us. P.S. You can't photoshop live videos and CQG is a platform you can determine if someone is demo (simulator) or real money in the live videos. In contrast, he would need to have a ton of time on in his hand every trading day to waste for the purpose to photoshop broker statements (easy to do) and screenshots of trade fills in broker trade execution platform so that the broker statement correlates with the screenshots of trade fills... My point, the live channel was the key. Yeah and they have been hyping earlier this year and late last year their record breaking volume numbers. Still a great company because they know how to try to get our last dollar bill. They gotta revamp their trade execution platform in those simulator trading competitions in the University competitions and the retail trader competition that trades against whomever pro trader they're marketing. The trade execution platform is too archaic and clumsy. wrbtrader
I wouldn't keep that video up. Blackout box moved a little early on and I think acct# can be made out.
o well..sooner or later ll slip and people will know...especially when i post this stuff and manually cropping that out.
Yeah, you really need to be careful about what you post as verification here at ET. You don't want to be one of those guys that then goes down in the Feedback section to complain to Baron about their trading account being hacked... It's happen a few times to those that posted a little bit too much info. wrbtrader