FIFO rule kills futures traders profits!

[Overnight]

Oh no! I never ever work with them again. I have tried them but anyways. I don't want to talk about this anymore.

Kthnxbye

 

[Ates]

Kthnxbye

No offense here. Didn't mean to be rude!

 

[Overnight]

No offense here. Didn't mean to rude!

Kthnxbye

 

[steve2222]

....................... What else can i do? Any advice appreciated.

Use Sierra Chart (Flat to Flat trade reporting/recording option) with a broker other than AMP then. ( FWIW: I use AMP and have no issues with them).

 

[Ates]

Use Sierra Chart (Flat to Flat trade reporting/recording option) with a broker other than AMP then. ( FWIW: I use AMP and have no issues with them).

Thanks @steve2222 but i use a mac. Also i am talking about real-time plotting. I want to see the average of position not remaining lots.

 

[Overnight]

Thanks @steve2222 but i use a mac...

Game penalty! *snicker*

 

[Ates]

Game penalty! *snicker*

What is wrong with you?

 

[Overnight]

What is wrong with you?

If you think your computer platform has any effect on your interpretation of how your trading software reports your trades, you are lost. So...Game PENALTY!

 

[bone]

I have no background in using Motivewave, Tradovate and Tradingview. Can’t help you there.

If someone held a gun to my head and forced me to manually scalp ES and NQ, I would lease the highest speed line I could get, I would clear an FCM directly (Advantage, Dorman, Rosenthal Collins, RJ O’Brien), and I would use TT X-Trader.

I’ve sat next to some seven figure scalpers on Eurex and Globex years ago - but they were all considerably more selective than you are. Your broker must love you.

And they usually got fired for adding because that takes no particular art or skill - any monkey can fade a market.

@bone i execute 100-150 trades per day. I know what i am doing and that fifo is really a pain. I use introduced broker as you said. What else can i do? Any advice appreciated.

 

[maxinger]

At the end of the trade you either make a profit or you don't. Accounting methods are not going to change that.

FIFO isn't killing your profit; if you are not making a profit it's your system or your trading.

right.

FIFO thing will not cause a trader to lose money.

It doesn't mean if a trader switches to
LIFO, pro rata, or flat to flat thing, he will start to earn tons of money.


Some platforms are speedier, easier to use, have better features ....
It also doesn't mean if a trader switches to
another platform, he will start to earn tons of money.