2025.03.12 Update No changes to Kyobo positions. Day 2 into FTMO $200k Challenge and we are up +$1,547.41. We are spread trading with the challenge account as well, below some of our trades:
2025.03.13 Update Still same positions with our Kyobo account: Gold, Silver pair is about +$1000. German bond, French bond pair is -$1599.99 We are pretty confident from experience and past data that the German French bond pair will eventually turn to positive P/L without going too much into a deep drawdown. In case anyone wonders if we ever cut a loss, we do. If a pair goes the other way and starts to threaten -10% of the whole account value, we cut right away(this never happened since we opened the account in June 2024). For our current account -10% would be about -$4200.
Update on the FTMO challenge. We are day 3 into the challenge, still about the same as yesterday: about +$1,500. Long way to go to $20,000. They say it's a $200,000 account but in reality it's just a $20,000 account and it should be traded as such. We expect to pass the first evaluation test in 1-2 months safely.
Unfortunately, there's nothing we can sell. We are planning to keep sharing our trades for a very long time. If you keep following us on this thread for months to come that's everything we could ever want from you.
Why can't I buy this strategy? It's high risk high reward , you should sell it which will help you scale faster
I believe you are just playing with us, but I’ll address your points as if you’re being serious. Here’s our response: This isn’t a simple equation, like X + Y = Z. Even if you came to Korea and spent a week with us, I seriously doubt you'd be able to replicate what we do on your own. If you don’t have experience with futures, particularly spread trading, this isn’t something that can be taught. If it were, we'd each be working solo instead of as a team of two. Even if it were possible to fully understand what we do, controlling greed and maintaining discipline (especially when things go off track) are critical elements that cannot be taught or bought. That’s why we keep using micro contracts, even if are able to enter full contracts. Again, to control greed we are working as a team of two. You refer to our average monthly return of 5% as "high risk, high reward," but are you sure? High risk, high reward would be aiming for 5% daily, enduring drawdowns of 20% or more across the entire account. We focus on minimizing painful drawdowns, so I’m not sure why you categorize our approach as high risk. Even if you paid us $1000 for something you won’t be able to execute on your own, it wouldn't scale anything faster. We’d be better off pursuing prop firm challenges, which is actually our current plan. We are planning to get funded by the major prop firms one by one, next one we are currently considering 5ers. (The idea of prop firms is honestly new to us, otherwise we would have started June of last year) Our goal is to build a public track record, not to sell strategies for a few hundred dollars. Once we’re been funded by these prop firms, we’re hoping that one of them will recognize our skills and partner with us on a larger scale. We're confident we can consistently achieve 5% monthly returns, regardless of the account size. P.s. If you are just playing, let's stop here.
2025.03.14 Update Still holding same positions in the Kyobo account: Gold(SHORT 1 micro @ 2931.8), Silver(LONG 1 micro @ 32.420) OATM25(SHORT 3 micro @ 125.20), FGBLM25(LONG 3 micro @ 131.61) Gold, silver pair going well about +$1575 OATM, FGBL pair same as yesterday about -$1599
Day 4 with the FTMO $200k challenge: A step backwards today. We've gone as far as +$2000 as profit in equity, then went backwards down to +$900. Now we are at +$1292.76. Here's the full lists of trades that we've done so far(doesn't include current open positions):
How do you choose your pairs? How do we know that gold silver spread won't tear ? Are they even cointegrated?