Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (10807)	4/10/2006 5:02:41 PM
From: Patrick Slevin	Respond to of 12411

Already posted. Anyway, I used to daytrade. It's a burnout job; GZ has much more staying power with it than I do. Did it from the early 1990's until the early 2000's, much of it here on SI with Zero and a few others on earlier threads. I put the trades for those gains on a thread here because I wanted to keep a e-diary of what I did and where I made mistakes. Unfortunately, it would appear I've made few mistakes, as the drawdowns on the commodity positions were never significant. ----- The concept was to decide what to accumulate the night before, post it(the night before or at least well before the Open), set appropriate stops and see if Buy & Hold "works" in a Futures environment providing you do your homework and select the proper vehicles........trending markets, strong fundamentals as to the reasons why they are trending and so on and so on. ----------- With respect to the Commodity end, I figured that an Opening account value would have been $50,000. However.....although this would have worked, due to the fact that my early entries were very timely and drawdowns never were a factor.....a more practical opening number would have been to use $75,000. Because I also funded this thread with about $150,000 for equities, I'll say that $100,000 was committed to the Futures account for a workable starting figure of $250,000. The Equity positions are a drag on the Performance. Only up about $5,000 over the three month period, which I suppose would equate to a 13% Annual Gain. Taken together with the other positions however, the Gross Profit is $174,946 as of this moment. That would roughly equate to a 70% gain in three months or I suppose about 280% annually. Based on funding the account with a quarter of a million dollars. The $250,000 isn't necessary however. If we remove the Equity positions from the mix we do not have to fund the $150,000 for stocks. Heck, they are underperforming the Futures positions anyway. Then, using mini contracts instead of Large Contracts funding the Futures account could have been done with probably $30 or $35,000 tops. The trades were never intraday, they were always made at the Open or rolled at the Close per outlined "rules". It's been very repeatable, anyone who may have wanted to risk it could have realised similar results.