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My trading journey

  • #1,741
  • Dec 3, 2010 10:33am Dec 3, 2010 10:33am
Quoting dongsky
done
Thank you dongsky~!!
  • #1,742
  • Dec 3, 2010 10:52am Dec 3, 2010 10:52am
Nice chatting with you guys ( Eddy/Niels/Heri/Marco)

@ Eddy/Niels - thanks for your valuable guidance and sharing of experience. Learn a lot about mkt reading, spiralling, skewing etc

Looking forward to our netviewer session next Mon.

Have a lovely weekend ahead.
"Thinking Heart & Feeling Brain"
  • #1,743
  • Dec 3, 2010 3:55pm Dec 3, 2010 3:55pm
Quoting dongsky
guys, just want to share to you my performance with fxchallenge... here's a glimpse of my trade as of today...

that's why i'm a bit choppy with my own acct... recently... but still managed to get more foreign caps...
Hi dongsky

I think you wrote that you're not a very good dancer ... how does your account, if you're be a good dancer

... it is excellent work!!!

Rgs
  • #1,744
  • Dec 3, 2010 4:49pm Dec 3, 2010 4:49pm
Quoting Sylar
Nice chatting with you guys ( Eddy/Niels/Heri/Marco)

@ Eddy/Niels - thanks for your valuable guidance and sharing of experience. Learn a lot about mkt reading, spiralling, skewing etc

Looking forward to our netviewer session next Mon.

Have a lovely weekend ahead.
Agreed!!! Thanks guys, very good stuff and much appreciated.

Have a great weekend all,

Cheers,

Marc
  • #1,745
  • Dec 3, 2010 5:01pm Dec 3, 2010 5:01pm
Quoting Gro
Hi dongsky

I think you wrote that you're not a very good dancer ... how does your account, if you're be a good dancer

... it is excellent work!!!

Rgs
thanks GRO
Success consists of going from failure to failure without loss of enthusiam
  • #1,746
  • Dec 3, 2010 5:17pm Dec 3, 2010 5:17pm
i am now thinking of current fxchallenge... i have learned that the company is basing their judgement not from individual's earning/profits but each realised daily trades devide from risk and performance of the day.

it is not however the daily profit performance of individual that counts solely... but the consistency of overall perofrmance...

good morning all..

have a good week end!
Success consists of going from failure to failure without loss of enthusiam
  • #1,747
  • Dec 3, 2010 6:33pm Dec 3, 2010 6:33pm
Consistency would seem to be the best measure for a trader.

Sent you a pm btw.
  • #1,748
  • Dec 3, 2010 6:41pm Dec 3, 2010 6:41pm
Quoting Nverstop
Consistency would seem to be the best measure for a trader.

Sent you a pm btw.
done!
Success consists of going from failure to failure without loss of enthusiam
  • #1,749
  • Dec 4, 2010 3:58am Dec 4, 2010 3:58am
Hey Eddy,
the new rankind is out ...
http://www.trading-challenge.com/dow..._TC-201012.pdf

We have to change something definitively in our trading.
This time they have taken the results at 7:00 GMT+1 ...
At that time i was down very bad ...

Will try to adjust my performance according to their rules now ...

Have a nice weekend!
Niels
  • #1,750
  • Dec 4, 2010 4:15am Dec 4, 2010 4:15am
Consistent performance... Here's what Fti has to say


Once you are experienced in this MO, you are mostly doing ants work regularly, and any attrition to P&L would be within the confines of your accumulated winnings. For banks that is limited to the annual quarter's P&L. This is also the reson why , when a disaster scenario is reported , as in the case of socgen, they can still report that principal is safe.

It would be great if individual traders can adopt this. But this is unlikely as , the modus operandi sowed in the minds of most trader is to profit in access of 3 to 4X cap ROI on outlay. So exposing them to castratopic runs on cap. Not withstanding those that want to make millions from pittance. Of course high gearing accelerates their demise.
Maybe this may help some come to their senses, that to be truely profitable , it must be over time ( like ants work), never depending on sudden winfalls. If of any value , to be on the watch out for and to reverse sudden misfortunes. [MINDSET]

http://www.forexfactory.com/showpost...postcount=1697


Have a lovely weekend guys

Regards
Philip
"Thinking Heart & Feeling Brain"
  • #1,751
  • Dec 4, 2010 4:17am Dec 4, 2010 4:17am
Quoting MaMood
Hey Eddy,
the new rankind is out ...
http://www.trading-challenge.com/dow..._TC-201012.pdf

We have to change something definitively in our trading.
This time they have taken the results at 7:00 GMT+1 ...
At that time i was down very bad ...

Will try to adjust my performance according to their rules now ...

Have a nice weekend!
Niels

hi niels,

i just don't know how do they do their math on this... i saw few people there with a lower performance than i have...

but maybe i'm wrong...

i still want to know what is more important to them... risk? performance? deviation? i know i have all better result... risk... i know i have wide and big exposures, but managed to close each one with big profits too...

performance... i only have 1 loss (drawdown..) i don't know how this fair tothem...

well... i'll just play very calm this time i guess.

regards,

... and maybe to focus more on my bread and butter

as i've said before... i'm not aiming to win this challenge but just merely enjoy dancing with larger skews...
Success consists of going from failure to failure without loss of enthusiam
  • #1,752
  • Dec 4, 2010 4:29am Dec 4, 2010 4:29am
hey niels how do you get the performance factor of participants daily..is it the rate of return?

i'm trying to figure out what is my risk adjusted rate of return...
Success consists of going from failure to failure without loss of enthusiam
  • #1,753
  • Dec 4, 2010 4:36am Dec 4, 2010 4:36am
i get it now niels okay now i am decided to change the tempo of my dance... and need to be consistent everyday... all the time for the period of 3 months... from now...

i cannot dance using my normal skews... it just cannot fit there criteria of a trader.

we'll see next week...

for now... back to my readings...
Success consists of going from failure to failure without loss of enthusiam
  • #1,754
  • Dec 4, 2010 6:53am Dec 4, 2010 6:53am
Quoting dongsky
i get it now niels okay now i am decided to change the tempo of my dance... and need to be consistent everyday... all the time for the period of 3 months... from now...

i cannot dance using my normal skews... it just cannot fit there criteria of a trader.

we'll see next week...

for now... back to my readings...
Hi again,

was out for shopping the past few lours.
Feel free to ask, if there are still some uncertainties.
I'm going to set up an Excel sheet to play with some scenarios, cause I have similiar problem as you ...
After that I'll decide about strategy to go ....

However, please let me know, when I can be of any help.
Just want to see 2 to 5 TAFies under the top ten


Niels
  • #1,755
  • Edited 11:50am Dec 4, 2010 8:12am | Edited 11:50am
Quoting Sylar
Consistent performance... Here's what Fti has to say


Once you are experienced in this MO, you are mostly doing ants work regularly, and any attrition to P&L would be within the confines of your accumulated winnings. For banks that is limited to the annual quarter's P&L. This is also the reson why , when a disaster scenario is reported , as in the case of socgen, they can still report that principal is safe.

It would be great if individual traders can adopt this. But this is unlikely as , the modus operandi sowed in the...
Thanks for sharing(reminding) Sylar

"Amateurs to use tactics, professionals logistics" Napoleon
  • #1,756
  • Dec 4, 2010 8:44am Dec 4, 2010 8:44am
Quoting MaMood
Hey Eddy,
the new rankind is out ...
http://www.trading-challenge.com/dow..._TC-201012.pdf

We have to change something definitively in our trading.
This time they have taken the results at 7:00 GMT+1 ...
At that time i was down very bad ...

Will try to adjust my performance according to their rules now ...

Have a nice weekend!
Niels
I like how they are ranking performance. So they don't just give gamblers the win haha. #1 has made almost 4x return of #2 but only head by a little bit on their calculation.
  • #1,757
  • Dec 4, 2010 9:15am Dec 4, 2010 9:15am
Quoting dongsky
guys, just want to share to you my performance with fxchallenge... here's a glimpse of my trade as of today...

that's why i'm a bit choppy with my own acct... recently... but still managed to get more foreign caps...
What was your floating drawdown? The profit factor is pretty insane!
  • #1,758
  • Dec 4, 2010 5:43pm Dec 4, 2010 5:43pm
Quoting Nverstop
What was your floating drawdown? The profit factor is pretty insane!
loss 1 position -640(.24%) ... my drawdown

....
having read the ranking performance requirements... i believe i won't make it near top 50
Success consists of going from failure to failure without loss of enthusiam
  • #1,759
  • Dec 4, 2010 6:35pm Dec 4, 2010 6:35pm
Quoting dongsky
loss 1 position -640(.24%) ... my drawdown

....
having read the ranking performance requirements... i believe i won't make it near top 50
Floating is different than realized which is what your report shows... I believe at least. One could go like -50% floating but still have original account balance because they haven't closed out.
  • #1,760
  • Dec 4, 2010 6:50pm Dec 4, 2010 6:50pm
Quoting Nverstop
Floating is different than realized which is what your report shows... I believe at least. One could go like -50% floating but still have original account balance because they haven't closed out.
all exposure was closed at the weekend... and i don't give a f@@@k of what is floating or what... i just dance the way i want... i don't need to prove anything to anyone here...
Success consists of going from failure to failure without loss of enthusiam
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