Comments on: I have officially stopped trading futures http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/ Beauty is in the eye of the shareholder Tue, 13 Jul 2010 06:14:35 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: No Internet Friday :: Move the Markets :: Entries :: http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34721 No Internet Friday :: Move the Markets :: Entries :: Fri, 12 Oct 2007 16:15:35 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34721 [...] On a sad note, not only did I scare Ugly away from futures, but now he won’t even daytrade at all. That’s a little extreme, but whatever. Good luck, Ugly. [...] [...] On a sad note, not only did I scare Ugly away from futures, but now he won’t even daytrade at all. That’s a little extreme, but whatever. Good luck, Ugly. [...]

]]> By: Ugly http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34468 Ugly Fri, 14 Sep 2007 18:14:45 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34468 hi teresa, I don't think it is a sensitive question. you can only never have a drawdown of >5% if you are fully leveraged, which is rare. I guess the answer would be tight stops. hi teresa, I don’t think it is a sensitive question.
you can only never have a drawdown of >5% if you are fully leveraged, which is rare.
I guess the answer would be tight stops.

]]> By: Teresa Lo http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34467 Teresa Lo Fri, 14 Sep 2007 17:47:06 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34467 Now, this brings to mind a sensitive question, and if you have to kill me after you answer, feel free to withold the information! Serious, with 1:20 leverage, that means a trading strategy can *never* have a drawndown > 5%. What's your approach to dealing with this constraint? Now, this brings to mind a sensitive question, and if you have to kill me after you answer, feel free to withold the information!

Serious, with 1:20 leverage, that means a trading strategy can *never* have a drawndown > 5%. What’s your approach to dealing with this constraint?

]]> By: Ugly http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34466 Ugly Fri, 14 Sep 2007 17:32:59 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34466 yeah I get 1:20 at the prop firm, so it is similar. yeah I get 1:20 at the prop firm, so it is similar.

]]> By: Teresa Lo http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34465 Teresa Lo Fri, 14 Sep 2007 17:27:06 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34465 I thought I had read that the ATS was trading stocks with $1 capital, $9 borrowed. With the ER2, intraday margin currently allows something like 1:21 leverage. I thought I had read that the ATS was trading stocks with $1 capital, $9 borrowed. With the ER2, intraday margin currently allows something like 1:21 leverage.

]]> By: Ugly http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34464 Ugly Fri, 14 Sep 2007 17:15:27 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34464 hi teresa, I didn't - I kind of just went by $ results and how easy/difficult I thought it was. But after your comment I thought it over and I actually think both my futures account and my prop trading account had very similar leverage and are about the same size. But thank you for bringing that up as I think it will be useuful for comparing results of backtesting for an ATS I am working on. hi teresa, I didn’t – I kind of just went by $ results and how easy/difficult I thought it was. But after your comment I thought it over and I actually think both my futures account and my prop trading account had very similar leverage and are about the same size.
But thank you for bringing that up as I think it will be useuful for comparing results of backtesting for an ATS I am working on.

]]> By: Teresa Lo http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34461 Teresa Lo Fri, 14 Sep 2007 16:51:32 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34461 Ugly -- Did you calculate your leverage-adjusted performance, meaning if you traded stocks with the same leverage as futures, how would the results compare? Teresa Ugly –

Did you calculate your leverage-adjusted performance, meaning if you traded stocks with the same leverage as futures, how would the results compare?

Teresa

]]> By: Ugly http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34457 Ugly Fri, 14 Sep 2007 02:31:08 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34457 tyro: thanks HIDT: yeah - I just compared results and I think it is better to focus on stocks paul: thanks Richard: I think it was a good experience - who knows? maybe it will be a better fit for your style. tyro: thanks
HIDT: yeah – I just compared results and I think it is better to focus on stocks
paul: thanks
Richard: I think it was a good experience – who knows? maybe it will be a better fit for your style.

]]> By: Richard http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34455 Richard Fri, 14 Sep 2007 01:40:45 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34455 It's funny because this comes at a time when I'm finally considering going to futures. I've been watching that eotpro group trade, and I may actually open a TradeStation account and try it. Still deciding. Part of it may be that I just get bored really easily, and am looking for something new to entertain me. It’s funny because this comes at a time when I’m finally considering going to futures. I’ve been watching that eotpro group trade, and I may actually open a TradeStation account and try it. Still deciding. Part of it may be that I just get bored really easily, and am looking for something new to entertain me.

]]> By: paul http://www.uglychart.com/blog/2007/09/13/i-have-officially-stopped-trading-futures/comment-page-1/#comment-34453 paul Fri, 14 Sep 2007 01:09:16 +0000 http://www.uglychart.com/2007/09/13/i-have-officially-stopped-trading-futures/#comment-34453 Good luck Ugly, I always thought you did well in your stock setups. Good luck Ugly, I always thought you did well in your stock setups.

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