Friday stumble

Why stumble? because it took me 8 hours and was no fun at all. Actually the issue is that I would rather prefer high speed markets and ES is anything but that most of the time. Of course in reality it does not matter what I prefer as long as I can make money besides supposing that I would trade a fast moving market and make this cash in 30 min, the thing is that I like doing this so much that most likely I would lose them in the next 30 min and start over. This behaviour would result in days with profits way much larger than 1-2% but...the drawdowns, well they would be as large even larger. You see you got to decide what do you want from the markets and many times I think I`m after the thrill and in some cases sorry after, that is if I let myself emerged in the game. The point is that slow markets makes me sleepy.

No trading mood day

After the start of US session when the time here is almost 5 PM I`ve realized that I`m not really in the mood to trade anymore today even though I can`t say I`ve ripped of my clothes today trying to do something, I did not, I was just placing a few trades all day, in out then repeat a few times. So I decided to end it thinking that while I could do more its pointless to not listen to  the mood. The mood is very important  (real FX trading proven), even with all the algos poiting the direction of the market if I`m not in the mood to wait and push the buttons its useless and today I`m not. Its still not bad for a day is it? Aside from placing the trades you see today I was doing some research. Contracts are plenty most interesting that one could choose to trade are the following:

Light cavalierly: Crude Oil, DAX, Eminis Dow, Russell, Nasdaq 100

And then, my friends comes the heavy artillery: E-mini S&P 500, Bunds, Bobl, Schatz, Euro STOXX 50, 10yr Treasury Note, Corn...

Once upon a time I`ve read about some guy, his name was/is Paul Rotter. This individual was trading Euro Bunds, Bobl and Schatz from what I remember and he WAS really trading, I mean I show here days with profits of a few thousand dollars but this guy, this guy had DAYS with  PL showing 3 more  zeroes (I would also like to point out here the importance of zero :)))) ), I cant remember the story very precise but I`ve remember it while I was doing the research and found the heavy artillery. Anyhow we can have fun with small accounts and very large accounts. Fun is fun and making money is fun, the more money you make the more fun it is.  

What if... and a letter

That would do. Today while I was growing the demo with the amount you see in the image I was thinking about FX. I could not help it, in truth being told I was not beaten there, all I was is annoyed, annoyed by the manipulation, annoyed by the fact that despite that the FX market is so large some have such a level of control on it that you can not imagine, annoyed by the fact that such things are possible without most people realizing it. Annoyed by the fact that the FX market is simply a scheme made to rip off people of their money, that is all it is and you can not know that and obviously you won`t believe me, anyhow...
What if you would have a billion dollars? What would you do with a billion dollars? If I would have a billion dollars I would put aside 100K, and with the rest of them I would plunge directly in to the market of the morons (I would not do that with a million or 10 million or 100 millions but with a billion and a bank to hide my identity I would think I can get my vengeance :)) ) Let me tell you this, I had 500 bucks and they could not take them from me, I`ve hedged back and forth so much that the idiots got dizzy, I was able to recover a 60% drawdown in a few days, I traded knowing what happens and still they could not beat me. I was slowed down until I failed to see the purpose of it  but they did not beat me. Of course with a billion minus 100K ...
Now a letter, Dear Mr. Soros, please on behalf of all of us that traded or still do the FX market, on behalf of all the people ripped of by the thieves (I suppose that if I would say figuratively speaking I would be wrong, literally thieves) on behalf of all of those that believe that the FX market has anything to do with a fair business, on behalf of all traders in the world that are searching for a fair business,  teach the morons a lessons most of us are unable to,  if you are still able to, then please, repeat what you did back in the `90s if you can not, can you please borrow me a billion for a while?

That was the fun for today.

PS: take this post as a joke, aside from the performance of the account everything is a joke, still Mr. Soros, a little help? :))) (some know better)

A win win situation

Me 60 bucks, my broker 1110, now that's not a happy situation but then my current broker might feel even worst when he thinks the only reason he did not won $1110 today is because I`m short of 100K real cash. Anyway I can rest assure him that I`ll be the ideal client as long as he offers a fair game...with futures and zero conflict of interest I see no reason why my broker can`t have $1110 or a lot more in a day from my commissions. Speaking about ideal clients, they like to trade a lot, they do trade a lot, they permanently win and generate happiness wherever they go as they think about cash in a very different way from most of the people, I believe, at least I do. Of course speaking like this in some places might be very dangerous. But then it was always like that with the truth. Now, this week does look quite bad, I mean 300 bucks in 2 days on a 100K account!!!???? C`mon, if I would have a horse he would have traded better in my place, of course I have no horse so...I`m thinking that by the end of the week I have to, I really have to hit it hard, previous week was acceptable I mean $6K for the one weekend is acceptable for a start but 300 in 2 days means 750 in 5 days and that won`t do for one weekend, of course I`m short 100K but...anyone with me?

Monday Enhancements

Because half of the day I made some tests I got in a drawdown which later I`ve recovered. The test required to place a lot of 1 tick losing trades such as the profit is chopped by the commissions and the net its kind of low. I`ve wasted the energy for today. Its not bad considering the fact that most of the day I did not traded for the result but for the test. The test was successful which is more important than the result here now. Hopefully I won`t get any bright idea very soon test again. Actually the enhancement I added is required for futures and it was not possible to apply on the FX - I`ve lost some things when I switched to futures but everything can be even better actually and this improvement was necessary.

A losing Friday

  I was sitting on a healthy +$1200 profits up until 5PM when I decided its not enough and not even that I decided the market should go down even though  it was in an obvious up trend so I went short and I kept shorting up until my $1200 profits were nowhere to be seen and got what you see in the picture. The story is a happy one though because some things you just don`t do when trading but tell that to whom? me? nah I`m able to be so reckless that you can`t possible imagine just because I know that by being careful after being careless I`m going to repair everything. That is why the story of this losing day is a happy one with a slightly danger in it called overconfidence. That is actually the only thing that can do an irrecoverably damage. Of course I would not recommend to myself to do what I did today very often because starting carless and continuing with overconfidence is a deadly recipe, today I was careless regarding to what the market is doing but I was careful after. The story of the day.

PS: I don`t know why I hate losing days, most traders accept them I don`t, they are annoying.

Done with FX back to futures

Given the level of manipulation in that market I have decided to protest by giving up and throwing them the cash in disgust. I can not tell you here the reasons of doing so, not without the danger of appearing nuts, so I`ll skip the story and just forget about FX. What I`m currently doing is trading the futures market with my strategy. I did so in the past for a while and I suppose futures is the market to address if you want to invest your capital. At least I would not recommend you to place your capital on the FX.
I`ve started again with futures this week with a demo account of $100K and for the time being I`m up a little more than 6% after commissions. Not bad for a week and certainly with a little more confidence that this market is not manipulated or at least not in the disgusting mode the FX is. For the reason of having nothing better to do I will show you what a good trader, I was about to say professional but since its a demo account I will skip the term for now, can achieve and the money that can be made from the markets. I do have an offer to copy my trades but you would need $25K at least, should you be interested in making money contact me.
Bellow is the 100K account performance from the start of the week, net performance is calculated by subtracting $7.5/contract/round turn

Starting from Monday I will be presenting the performance every day in the same format.