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It's the other way round, actually.

CL going up and we have almost finished up our financial resources. Even if probably too late, I have opened 2 additional CL layers to increase the upward hedging action, as the spacing rules on the main losing layer have been slowing too much the entry of new buy players (in particular the...

Not much happening with CL. We remain in large DD. Doing very little: just some maintenance to reintroduce liquidation order (green dot on the right). Essentially we have no sufficient funds to close the buy players, so some move downward is needed to close some of the sell players. Further...

Today I have noted another pretty serious issue related with the new concept of (virtual) "split" players. This has become evident quite with today large move up of CL, where no hedging order has been placed :eek: (thus unfortunately deepening the DD an losing a quite good opportunity for...

I have been regrouping and resplitting the open player to reorganize them. The procedure is, as we have seen before: 1) group all open players into one: 2) split it into two in appropriate players located in suitable places of the price range; 3) split them using desired size and distance. In...

Still huge DD on the CL layer. This morning the may contract CLK5 was not tradable anymore and I was getting the "physical delivery" warning from the broker (http://ibkb.interactivebrokers.com/node/992). So even if contract expiration actually occurs in a couple days, we are forced to roll over...

Beautiful

End of the week. We are still "alive" :) and some open players could be closed on the CL layer, thus recovering a just a bit. Before going overnight I now close the (CL) options (and any ETFs, if we had it) as we noted before. In fact there seems to be no much point in keeping precious funds...

More devastating DD these first 3 days of the week, with CL shooting up. Funds have now become insufficient, mostly due to the previous exaggerated sizes and losses, and we are accumulating significant new losses, as the buy players cannot close anymore once open, and they widen further the...

We have ended the week with a bit of recovery (about 90K in the last 2 days) on the CL layer we are trading. The scalped amount for this layer has also increased to around 750K (last time we checked, see previous post picture, it was around 490K). In the meantime, I have changed the sizing...

These two first days of the week CL moved up quite a bit, and we had a pretty large DD, due to the large short position, up to -50%. Also, I could not supervise the trading, so I could not manually adjust the game hedging action. Anyway, the problem turned out to be useful, as I spotted a...

To better understand/explain why the "microstructure" (or, say, more down-to-eart, the spread and the relative amplitude of the fluctuations wrt to the underlying) appears to be so crucial for performances, the following simple drawing may offer some visual hints: It appears quite clear that...

The holiday and weekend is a good time to make some general considerations, and what are the most important things we have been seeing. We have seen that the major problems have been experienced when an excessive size (effect of "greed" :) ) has been used with ETFs or their options, while...

Fri 27 Feb 2015 17:49:43 CL FOP 20150514 46 P NYMEX 1000_L1 PNL: 330.76, comms: 9.24, fills: 3, Pos: 0 Fri 27 Feb 2015 17:49:46 CL FOP 20150514 47 P NYMEX 1000_L1 PNL: 226.14, comms: 13.86, fills: 3, Pos: 0 Fri 27 Feb 2015 17:49:49 CL FOP 20150514 48 P NYMEX 1000...

Thu 05 Feb 2015 04:28:32 CL FUT 201512 NYMEX 1000_L2 PNL: 1,272.28, comms: 27.72, fills: 8, Pos: 0 Thu 05 Feb 2015 05:00:00 CL FUT 201512 NYMEX 1000_L3 PNL: 1,389.94, comms: 60.06, fills: 13, Pos: 0 Thu 05 Feb 2015 05:47:55 CL FUT 201512 NYMEX 1000_L4...

Last two days of the week before the holiday, were pretty volatile and erratic for our CL layers and we are ending up the week with a larger DD (-25%), due to some "investment" in CL. The overall situation of the "losing" layers is as follows: while the "removed" layers, containing about...

Starting the week with some more recovery (currently we are -15.41%), essentially thanks to CL. I have managed to close in profit all the layers we opened before (except the December contract), and started new ones. - Current values (received on: Tue 31 Mar 2015 22:10:06:892 [ Tue 31 Mar 2015...

Ending the week with some recovery, after the almost fatal mishap with the December contract. I let alone the application deal with the situation until I saw some funds available again. Monday I will probably restart "hammering" CL, and its options, with some additional "semiautomated" scalping...

No good news this morning :) In fact, I almost crashed the account :) Yesterday night apparently, by distraction after some maintenance, I left the layer of the December contract (holding a large short position of -50 contracts) in "suspended" mode (no autotrading). During the night CL shoot up...

We have been having some significant DD on the first 2 days of the week (plunging back to the level of -30%). Currently, I have 3 open "losing" CL layers (one is still the December contract that we have open since the ERY/ERX issue, two are just recent layers open for scalping), which are...