itspossible
Senior member
- Messages
- 2,796
- Likes
- 570
http://www.trade2win.com/boards/indices/120172-anyone-scalping-ftse-futures-10410.html
exposed as a liar on this thread-EXPLAIN FOOL
exposed as a liar on this thread-EXPLAIN FOOL
20 /30 profitable Dow Dax weekly 100 ticks profit
- Thread starter foroom lluzers
- Start date
- Watchers 10
P
postman
Are you ignoring the -£555.80 on your previous post?
Attachments
foroom lluzers
Veteren member
- Messages
- 3,608
- Likes
- 138
Running current drawdown but they will be included by end of week, depending on
if weekly options are used or daily options are used .
BTW the 12300 call is a different strategy ,so that is excluded
foroom lluzers
Veteren member
- Messages
- 3,608
- Likes
- 138
itspossible
Senior member
- Messages
- 2,796
- Likes
- 570
smoke and mirrors
the obscuring or embellishing of the truth of a situation with misleading or irrelevant information.
"the budget process is an exercise in smoke and mirrors"
the obscuring or embellishing of the truth of a situation with misleading or irrelevant information.
"the budget process is an exercise in smoke and mirrors"
foroom lluzers
Veteren member
- Messages
- 3,608
- Likes
- 138
today was very difficult
loads of trades made +145 using different methods , but lost -247 on weekly options
net loss so far = -90 for week
disadvantage of using weekly options , I used yesterday.
if using daily options , last nights results would be -20 ,-20 = -40 and today's result would be +20 -20+20 = + 20 , so net - 20 using daily options
P
postman
I think you need to rename the thread.
"20 /30 profitable Dow Dax weekly 100 ticks Loss"
foroom lluzers
Veteren member
- Messages
- 3,608
- Likes
- 138
Loss only happened due to using weekly options , so more of daily options next week.
EnlightenedJoe
Experienced member
- Messages
- 1,950
- Likes
- 99
Why don't you call out a trade and show him how it's done ?
Even though he's losing, at least he has something to show.
foroom lluzers
Veteren member
- Messages
- 3,608
- Likes
- 138
he hides his losses and never talks about them , I don't hide my losses .
EnlightenedJoe
Experienced member
- Messages
- 1,950
- Likes
- 99
Yes, I can imagine. He's not too good with the markets owing to lack of enlightenment.
foroom lluzers
Veteren member
- Messages
- 3,608
- Likes
- 138
He trades in the ftse scalping thread , but none of them scalp , I do it ftse professional thread.
EnlightenedJoe
Experienced member
- Messages
- 1,950
- Likes
- 99
Ok then, I will join them as long term ftse investors. Then I can keep an eye on him to see if he can trade.
P
postman
Yes thats this weeks reason for the loss what about the reasons for the last 5 weeks of losses.
P
postman
EnlightenedJoe
Experienced member
- Messages
- 1,950
- Likes
- 99
I dont trade!
Yes, you invest in ftse. Me too.
itspossible
Senior member
- Messages
- 2,796
- Likes
- 570
foroom lluzers
Veteren member
- Messages
- 3,608
- Likes
- 138
The price has come off from 12700
but this method is not losing it's shirt , longs are losing shorts are making , mistakes are costing profits
but this method is not losing it's shirt , longs are losing shorts are making , mistakes are costing profits
Lee Shepherd
Senior member
- Messages
- 2,164
- Likes
- 573
The market has been making a lot of noise over the last couple of days. Foroom...Where the hell are you. You've been very quiet and not been posting in your usual style. My concern is you've closed or allowed to expire your put options for profit and run your long DFB's naked and are now facing a hole in your account unless the markets rise. If you were on a desk I would be calling you in for a meeting and review. Any screenshots?
Lee
Reference only:
Dax was trading at highs of 12300* on Tuesday 8th August 2017
Dax now trading at under 12,000* as of the time of this post
Losses could expected to be in the thousands based on your previous position size, if you've added trying to 'trade out' of the position, the losses could be even worse.
*Figures approximate.
foroom lluzers
Veteren member
- Messages
- 3,608
- Likes
- 138
Hi Lee
net loss so far = -90 for week
Since then lost 123 on longs and made 113 on shorts = -10
Loss for week is -90 + -10 = -100
This is expected , with my method , because my method is long biased .A down trend has broken out.
Long positions are traded double the size of the short , money wise I lose more in losing weeks .Just quiet because , nothing to sing about , concentrating on the trading.
The other problem has been using weekly options , the risk is 60 on weekly , whereas on daily it is it is maximum 30 , now using 2 weekly options increases losses by 60 ticks , otherwise the method is robust.
Loss for week is -90 + -10 = -100
With my method , if price drops 800 ticks , I only lose 12 to 60 per trade , but I can gain 15 to 100 when I win.
net loss so far = -90 for week
Since then lost 123 on longs and made 113 on shorts = -10
Loss for week is -90 + -10 = -100
This is expected , with my method , because my method is long biased .A down trend has broken out.
Long positions are traded double the size of the short , money wise I lose more in losing weeks .Just quiet because , nothing to sing about , concentrating on the trading.
The other problem has been using weekly options , the risk is 60 on weekly , whereas on daily it is it is maximum 30 , now using 2 weekly options increases losses by 60 ticks , otherwise the method is robust.
Loss for week is -90 + -10 = -100
With my method , if price drops 800 ticks , I only lose 12 to 60 per trade , but I can gain 15 to 100 when I win.
