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  • #39,801
  • Jul 25, 2024 10:32am Jul 25, 2024 10:32am

  1. Meta Platforms is down -15.5% from its high
  2. Amazon is down -10.3% from its high
  3. Nvidia is down -19.41% from its high
  4. Apple is down -8.18% from its high
  5. Alphabet is down -10.39% from its high
  6. Microsoft is down -8.70% from its high
  7. Tesla is down -20.77% from its high

So normal correction and there is earnings news next week from AAPL, MSFT and META. Expecting good news overall and a rate cut by September from FED which should fuel the bull market again. Sorry for posting off topic from usual prop content.

  • #39,802
  • Jul 25, 2024 10:58am Jul 25, 2024 10:58am
Quoting TrAndy1
Meta Platforms is down -15.5% from its high Amazon is down -10.3% from its high Nvidia is down -19.41% from its high Apple is down -8.18% from its high Alphabet is down -10.39% from its high Microsoft is down -8.70% from its high Tesla is down -20.77% from its high So normal correction and there is earnings news next week from AAPL, MSFT and META. Expecting good news overall and a rate cut by September from FED which should fuel the bull market again. Sorry for posting off topic from usual prop content.
You are missing one key information. It is almost 100-400% in last 3-5 years without any reason so it might get more corrected.
  • #39,803
  • Edited 12:43pm Jul 25, 2024 11:34am | Edited 12:43pm
The accuracy of my 4H/DAILY triangle method is frightening. Good thing I was sound asleep when the level hit. To the pip on the Daily (insert applause here)

I should have set a limit order before bedtime. Nothing like waiting days on end and then when it happens I miss the home run trade.

SP500 DAILY
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #39,804
  • Jul 25, 2024 11:34am Jul 25, 2024 11:34am
Quoting pipmaster77
{quote} closed +120 and +200 (2nd position), for 320 on DOW, have an S&P runner from 5445.....risk free with huge upside.
Damnit....my instinct was to hold to ADR high, my non-greedy side got the best of me........which is usually a good thing. Left a shiton on the table.
S&P still running though.
  • #39,805
  • Jul 25, 2024 11:37am Jul 25, 2024 11:37am
Quoting TrAndy1
Meta Platforms is down -15.5% from its high Amazon is down -10.3% from its high Nvidia is down -19.41% from its high Apple is down -8.18% from its high Alphabet is down -10.39% from its high Microsoft is down -8.70% from its high Tesla is down -20.77% from its high So normal correction and there is earnings news next week from AAPL, MSFT and META. Expecting good news overall and a rate cut by September from FED which should fuel the bull market again. Sorry for posting off topic from usual prop content.
Very on topic.
  • #39,806
  • Jul 25, 2024 11:40am Jul 25, 2024 11:40am
Quoting Expo33
The accuracy of my 4H/DAILY trisngle method is frightening. Good thing I was sound asleep when the level hit. To the pip on the Daily (insert applause here) I should have set a limit order before bedtime. Nothing like waiting days on end and then when it happens I miss the home run trade. SP500 DAILY{image}
Yes, when you have an accurate system like that, must set limit orders. When I do, I just go smaller if I will not be able to monitor. However, that is the advantadge of trading the indices......I'm usually awake and in front of it.
  • #39,807
  • Jul 25, 2024 11:46am Jul 25, 2024 11:46am
Quoting pipmaster77
{quote} Damnit....my instinct was to hold to ADR high, my non-greedy side got the best of me........which is usually a good thing. Left a shiton on the table. S&P still running though.
I closed out earlier than you did... I just looked at the chart SMH
  • #39,808
  • Jul 25, 2024 11:50am Jul 25, 2024 11:50am
Quoting pipmaster77
There seems to be enough of us trading futures....anyone have any interest in a new interactive trading thread for the indices, maybe gold as well?
It would be better, otherwise this topic stays too messy with trading opinions.
Btw RTY today was the men.
  • #39,809
  • Edited 12:17pm Jul 25, 2024 12:00pm | Edited 12:17pm
Day 9/15 of Darwinex Calibration, finally achieved recovery and profitability (from a drawdown of -17.36% to +2.56%). Today was quite good. Need 1.54% more to reach an assumption rating of 75 (4.10%). The drawdown was really bad, LOL .
Attached Image(s) (click to enlarge)
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,810
  • Jul 25, 2024 12:14pm Jul 25, 2024 12:14pm
Quoting Capablanca
{quote} It would be better, otherwise this topic stays too messy with trading opinions. Btw RTY today was the men.
That's what I was thinking as well. A dedicated trading thread, which of course, can be applied to props as well.
  • #39,811
  • Jul 25, 2024 12:16pm Jul 25, 2024 12:16pm
Quoting RoelsMajor
Day 9/15 of calibration, finally achieved recovery and profitability (from a drawdown of -17.36% to +2.56%). Today was quite good. Need 1.54% more to reach an assumption rating of 75 (4.10%). The drawdown was really bad, LOL . {image} {image}
Wow, if you hit 4.1%, even with a DD of 17%, you get an allocation. I guess DD is not weighted as heavily as profit?
Damn, I'm definitely going to fire another one up and go balls to the wall.
  • #39,812
  • Edited 12:41pm Jul 25, 2024 12:25pm | Edited 12:41pm
Quoting pipmaster77
{quote} Wow, if you hit 4.1%, even with a DD of 17%, you get an allocation. I guess DD is not weighted as heavily as profit? Damn, I'm definitely going to fire another one up and go balls to the wall.
-16% will lead to significant reduction of risk ratio. Which makes 4.1% like 40%.
Darwin ratio will be down for another 45 days which will be again an opportunity loss and time loss.
  • #39,813
  • Jul 25, 2024 12:44pm Jul 25, 2024 12:44pm
Quoting pipmaster77
{quote} Wow, if you hit 4.1%, even with a DD of 17%, you get an allocation. I guess DD is not weighted as heavily as profit? Damn, I'm definitely going to fire another one up and go balls to the wall.
Quoting sampat
{quote} -16% will lead to significant reduction of risk ratio. Which makes 4.1% like 40%. Darwin ration will be down for another 45 days which will be again an opportunity loss and time loss.
The drawdown is calculated to be only 11% of the total rating value. It's just beginner's luck. I almost retired this account. Lol Maybe now I'll try trading a bit more relaxed, not going full throttle anymore.

Quote
Rating calculation
Rating is a proprietary calculation that includes three inputs with different weight:

  1. Current calendar month return (22%).
  2. Cumulative last 6 months return (67%).
  3. Maximum drawdown across the current month and preceding 5 calendar months (11%).

Hence, the most relevant metric is the cumulative last 6 months return.

fooled by randomness in art
Meditation All Time Return: 8.9%
  • #39,814
  • Jul 25, 2024 12:47pm Jul 25, 2024 12:47pm
Quoting sampat
{quote} -16% will lead to significant reduction of risk ratio. Which makes 4.1% like 40%. Darwin ratio will be down for another 45 days which will be again an opportunity loss and time loss.
I've been trying to emphasize this point as well. If you trade 15 lots you'll be in for a rude awakening after the calibration phase is over.
Pride always comes before destruction.... -Proverbs 16:18
  • #39,815
  • Jul 25, 2024 2:48pm Jul 25, 2024 2:48pm
Quoting RoelsMajor
{quote} {quote} The drawdown is calculated to be only 11% of the total rating value. It's just beginner's luck. I almost retired this account. Lol Maybe now I'll try trading a bit more relaxed, not going full throttle anymore. {quote}
Sampat wanted to say this- most probably your max DD will be reduced with a factor 0.3 or 0.25 , but so is your gain. So after calibration your stats might look more like 4% max DD and 1% gain. But it doesn't matter anyway. If you are not trading linear sizes your risk factor adjusts daily - gradualy.
PVSRA
  • #39,816
  • Jul 25, 2024 2:56pm Jul 25, 2024 2:56pm
Unreal volatility. Everything beyond it's highs, now looks like may take out the lows. Crazy.
  • #39,817
  • Jul 25, 2024 3:11pm Jul 25, 2024 3:11pm
Quoting pipmaster77
Unreal volatility. Everything beyond it's highs, now looks like may take out the lows. Crazy.
terrible for trailing DDs, great for future props
  • #39,818
  • Jul 25, 2024 3:17pm Jul 25, 2024 3:17pm
Quick survey: Do you care if you are A book or B booked?
  • #39,819
  • Jul 25, 2024 3:28pm Jul 25, 2024 3:28pm
Quoting Takisd
Quick survey: Do you care if you are A book or B booked?
I don't give a sh*.

The five things that concern me about props are:
1. If I will get paid
2. If I will get paid
3. If I will get paid
4. If I will get paid
5. If I will get paid
  • #39,820
  • Jul 25, 2024 4:38pm Jul 25, 2024 4:38pm
Quoting Takisd
Quick survey: Do you care if you are A book or B booked?
Yes, because i think it affects the payout safety from any prop. Without A booking or just 100% b booking there will be no sustainable prop business model, in the way how it is designed actually. But it must be done clever of course like the big FX broker are doing the A-booking. Because we have seen that many big props go bust over time, no new rules implementation can help their payout problems. It just give them little bit more time also any payout delays. It is like in the old days I know from Gain capital when they declared they are only b-booking and then kick out any profitable trader who is doing more than 5k profits. Same we see with FXIFY broker based prop. I think the b-booking model only is more attractive for props, as it is easier to implement and makes less cost. They just need to kick out any consistent traders.
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