Hi everybody. I'm just going to try and keep this short and simple. I am freshly turned 25 years old; I'm from and live in Canada. I work full time in the oil patch doing a job which allows me a lot of screen time everyday. I got an Economics degree, and realized the Economics of working in the oil patch which is how I ended up here.
Since I was a kid I have been obsessed with the stock market and trading (my hero is Larry Williams). Over time various forms of markets and trading were revealed to me. Worked as a scalper for a little bit; it was a failed venture, broke even at the end of 9 months but I learned a hell of a lot about ECN's and the hardware aspect of trading. Explored fundamental analysis, technical, combinations, spent about a year messing around with options in ThinkOrSwim (learned a ton about that too).
Anyways, I finally settled on the type of trading I want to do for income, which is spread trading in commodities markets. Some objectives and/or rules:
1) I will try to put capital preservation above everything.
2) I will try not to get greedy, and I will try not to get fearful. See rule #6.
3) I will make regular deposits to my account and identify these deposits so they are not confused with returns.
4) Most trades will be seasonal spreads as I can best identify them, or just "feelings" on which way a spread will move on a short term basis. I.e. I have been fading jumps in 1-month and 6-month Calendars with mild success. I also like taking low probability speculative bets using options, but they will be minimal.
5) I will focus very hard on keeping my position size within reasonable limits. I have a 16% drawdown on my account in the first month because I took a trade 3 times the size of what I should have. Hopefully I have learned from that.
6) No hard or soft stops; only relative to what I think relating to my available margin and how much faith I have in my trade. See rule #2.
7) I will try to ignore news headlines, as I have seemed to make better decisions in the past when I have tried this.
I use Interactive Brokers. Account was conceived Mid October 2014.
Attached is a current performance and metrics of my account. It has been open for roughly a month and a half now, but from here on I will post activities of what I have been doing. Most P&L since inception has come from trading in and out of 1-month CL calendars, 6-month CL calendars, and currently onside a Live Cattle calendar.
Thanks for reading and may God be with me!
Since I was a kid I have been obsessed with the stock market and trading (my hero is Larry Williams). Over time various forms of markets and trading were revealed to me. Worked as a scalper for a little bit; it was a failed venture, broke even at the end of 9 months but I learned a hell of a lot about ECN's and the hardware aspect of trading. Explored fundamental analysis, technical, combinations, spent about a year messing around with options in ThinkOrSwim (learned a ton about that too).
Anyways, I finally settled on the type of trading I want to do for income, which is spread trading in commodities markets. Some objectives and/or rules:
1) I will try to put capital preservation above everything.
2) I will try not to get greedy, and I will try not to get fearful. See rule #6.
3) I will make regular deposits to my account and identify these deposits so they are not confused with returns.
4) Most trades will be seasonal spreads as I can best identify them, or just "feelings" on which way a spread will move on a short term basis. I.e. I have been fading jumps in 1-month and 6-month Calendars with mild success. I also like taking low probability speculative bets using options, but they will be minimal.
5) I will focus very hard on keeping my position size within reasonable limits. I have a 16% drawdown on my account in the first month because I took a trade 3 times the size of what I should have. Hopefully I have learned from that.
6) No hard or soft stops; only relative to what I think relating to my available margin and how much faith I have in my trade. See rule #2.
7) I will try to ignore news headlines, as I have seemed to make better decisions in the past when I have tried this.
I use Interactive Brokers. Account was conceived Mid October 2014.
Attached is a current performance and metrics of my account. It has been open for roughly a month and a half now, but from here on I will post activities of what I have been doing. Most P&L since inception has come from trading in and out of 1-month CL calendars, 6-month CL calendars, and currently onside a Live Cattle calendar.
Thanks for reading and may God be with me!
