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Hedging/averaging trades without prediction

  • #881
  • Edited 3:55am Oct 29, 2022 2:04am | Edited 3:55am
Quoting TheWolf
{quote} You'll take a rest from trading like Pat or are you done with trading entirely..? I also have and need a job unfortunately besides trading..
Morning Wolfie, yea Pat my partner in crime...... will still be trading and posting in the evenings...... something to be aware of though, being sat in front of computer or phone trading can take over your life and not good for your mental or physical health, "motion equals emotion the more you move the more you feel", also addiction when successfully trading, I've been waking in the middle of the night and trading off my phone, making money is an addiction, also checking how your trades are doing. we are all doing it right ...just something to think about "what's your end game? how do you see your life when successful?...the forum has helped and starting this thread but alas it's time to get physical again, everything in moderation...
  • #882
  • Oct 29, 2022 6:48am Oct 29, 2022 6:48am
BTC 10 pip straddles
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  • #883
  • Oct 30, 2022 4:31am Oct 30, 2022 4:31am
Quoting Waveskierrob
{quote} Morning Wolfie, yea Pat my partner in crime...... will still be trading and posting in the evenings...... something to be aware of though, being sat in front of computer or phone trading can take over your life and not good for your mental or physical health, "motion equals emotion the more you move the more you feel", also addiction when successfully trading, I've been waking in the middle of the night and trading off my phone, making money is an addiction, also checking how your trades are doing. we are all doing it right ...just...
my daily routine helps me to take care of my mental and physical health, i worked hard for that, it was a years long process.

in the morning i trade for 3-4 hours. then at noon i always take a break from trading and go into the forest for about an hour. after that i go to the cafe to be with people or i meet my family. in the afternoon i trade again for a maximum of 1 hour before london closes. after that i don't enter any more trades. of course, all this is the optimal course of the day, but most of the time i stick to it. if i don't, i get unfocused and it costs me money. without balance there is hardly any long-term success. and at some point it's no longer fun.

the fact that i also have a good relationship with my wife in mind also keeps me from doing it. she takes care of everything around, she cooks excellently and keeps the household in order. so i can concentrate on the work. and she and her family is accepting that trading is my job.

all these little details and things are extremely important when you work from home.
trading is like dancing, don't think and just listen to the music!
  • #884
  • Oct 30, 2022 4:38am Oct 30, 2022 4:38am
Quoting birdland
{quote} my daily routine helps me to take care of my mental and physical health, i worked hard for that, it was a years long process. in the morning i trade for 3-4 hours. then at noon i always take a break from trading and go into the forest for about an hour. after that i go to the cafe to be with people or i meet my family. in the afternoon i trade again for a maximum of 1 hour before london closes. after that i don't enter any more trades. of course, all this is the optimal course of the day, but most of the time i stick to it. if i don't, i...
Great post... if you have no life outside of trading then what's the point ......I found myself wishing the weekend away just to get back trading, not a good place to be, so be aware everyone the love of money can change you...
  • #885
  • Oct 30, 2022 5:20am Oct 30, 2022 5:20am
Quoting Waveskierrob
{quote} Great post... if you have no life outside of trading then what's the point ......I found myself wishing the weekend away just to get back trading, not a good place to be, so be aware everyone the love of money can change you...
oh yes, so true words!
trading is like dancing, don't think and just listen to the music!
  • #886
  • Oct 30, 2022 6:22am Oct 30, 2022 6:22am
Why don't you guys trade futures? You could make your TPs into market orders and use pendings wherever possible so you make the spread rather than lose it.

ps Never traded futures
  • #887
  • Oct 30, 2022 6:32am Oct 30, 2022 6:32am
Quoting Agro
Why don't you guys trade futures? You could make your TPs into market orders and use pendings wherever possible so you make the spread rather than lose it. ps Never traded futures
Yea you could do, you could whatever you want entirely up to you...
  • #888
  • Oct 30, 2022 8:50am Oct 30, 2022 8:50am
Quoting Agro
Why don't you guys trade futures? You could make your TPs into market orders and use pendings wherever possible so you make the spread rather than lose it. ps Never traded futures
the volume trading GU in futures is very thin compared to the big forexmarket. AND you can only trade one contract minimum, in forex 0.01 lot is possible, its much better for money management strategies than the futures market.
trading is like dancing, don't think and just listen to the music!
  • #889
  • Oct 30, 2022 11:03am Oct 30, 2022 11:03am
[quote=birdland;14202051]{quote} the volume trading GU in futures is very thin compared to the big forexmarket. AND you can only trade one contract minimum, in forex 0.01 lot is possible, its much better for money management strategies than the futures market.[/quote

So lets put volume aside for a moment, pretend we have 100,000,000 acount. so 1 lot in futures is negligable. Why not trade futures? We can put our TPs at market and only pay the spread when we need to hedge...
  • #890
  • Oct 30, 2022 11:22am Oct 30, 2022 11:22am
[quote=Agro;14202082]
Quoting birdland
{quote} the volume trading GU in futures is very thin compared to the big forexmarket. AND you can only trade one contract minimum, in forex 0.01 lot is possible, its much better for money management strategies than the futures market.[/quote So lets put volume aside for a moment, pretend we have 100,000,000 acount. so 1 lot in futures is negligable. Why not trade futures? We can put our TPs at market and only pay the spread when we need to hedge...
Great can you show us a live example next week ...cheers
  • #891
  • Oct 30, 2022 1:13pm Oct 30, 2022 1:13pm
More 10 pip straddles. Maybe another +80pips. Great in ranges, when does the music stop?
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  • #892
  • Oct 31, 2022 1:28am Oct 31, 2022 1:28am
LONG/SHORT@1593, tp5
trading is like dancing, don't think and just listen to the music!
  • #893
  • Oct 31, 2022 1:43am Oct 31, 2022 1:43am
Quoting birdland
LONG/SHORT@1593, tp5
LONG+5
trading is like dancing, don't think and just listen to the music!
  • #894
  • Oct 31, 2022 2:02am Oct 31, 2022 2:02am
LONG/SHORT@1603, tp5
trading is like dancing, don't think and just listen to the music!
  • #895
  • Oct 31, 2022 2:07am Oct 31, 2022 2:07am
Quoting birdland
LONG/SHORT@1603, tp5
SHORT+5
trading is like dancing, don't think and just listen to the music!
  • #896
  • Oct 31, 2022 2:12am Oct 31, 2022 2:12am
SHORT@1593, no tp
trading is like dancing, don't think and just listen to the music!
  • #897
  • Oct 31, 2022 2:17am Oct 31, 2022 2:17am
Quoting birdland
LONG/SHORT@1593, tp5
SHORT+5, hedge closed for +10
trading is like dancing, don't think and just listen to the music!
  • #898
  • Oct 31, 2022 2:30am Oct 31, 2022 2:30am
LONG/SHORT@1585, tp5
trading is like dancing, don't think and just listen to the music!
  • #899
  • Oct 31, 2022 2:43am Oct 31, 2022 2:43am
Quoting birdland
LONG/SHORT@1585, tp5
LONG+5
trading is like dancing, don't think and just listen to the music!
  • #900
  • Oct 31, 2022 2:48am Oct 31, 2022 2:48am
LONG@1585, tp5
trading is like dancing, don't think and just listen to the music!
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