Hang Seng (HSI), Kospi 200 (K200) Trading Journal! (14 Year Old Trader)

Quote from fishing:

hey thanks for the reply

im curious how is it "easy" to do so when almost everyone is doing the same and fight each other for fills?

plus how are you planning to do with size with this kind of trading? cuz i think it's kinda limited to what market (bid/ask) can support..

btw im learning kospi200 too, but the commission is a bit too high (around 4.6 per contract with IB)
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Well there are many different methods than just the C group method. The most money on C is made through the floor routes, the route that goes to the specialists (once again, only accessed through some prop accounts). It all depends on how much volume is going through the day.

The biggest trader at the firm I am with makes about 150k a month doing this, and I am competing with him through the same routes. So size actually isn't really a problem.

For example, today their was time where I was long 10 000 shares easily the bid, yet I panicked and hit out for the rebate, when I could have easily picked out $100 clean. I am still working on this...

Anyways, the bottom line is you can DEFINITELY make a living doing this. I have only been trading for 1.5 months with them, and I have made 1k on a 3k account. I am still small as well. On a good day I'll make JUST on the closing auction (as normally I am only home to trade 3-4est) a good $100.

In a while I should be able to consistently pull out $500 a day ($100k or so a year). However, the big money is NOT in this type of trading, I do agree. The big money is in swing trading, which I am starting to get familiarized with.
 
Hey Everyone,

Its been about a week since my last post, so I just wanted to give an update.

Once again I will NOT be trading any futures UNTIL I get my fast computer back. I do not want to take the risk of my computer crashing etc.

I did rebate trade this week, and made a good $400. I am planning on stepping up my size with the prop firm in the near future.

I'll keep everyone updated, and I plan to start a "fund" type account for myself (swing trading, value trading, longerterm investing) in the near future.

Julian
 
Quote from exaltedangel09:

Julian here is why you will regret your decision.

By the time you become 22 and enter the real job market, every 'proper' employer who does not care about the fluctuations on the Dow Jones will think your some erradic kid. They are few skills in trading or rather I should say great that can be transferred to other jobs. If you seek a sport like Hockey, the teamwork, leadership traits are all transferable to the real world.

Julian, I have been in the trading biz at a very young age like yourself, and yes I too have sat across people who make X amount of money every day, but the biggest thing I regret is the time I wasted when I could of done more productive things.

By the time your 25, your going to want to kill yourself if your unsuccesul which chances are YOU WILL NOT BE SUCCESSFUL..

Odds are against you kid.

Money is not in trading, money is in portfolio management which is the CFA, MBA, route you should strive to be taking, and not the BS trading route.. Maybe show this message to your parents.. Your making a big mistake.. It's not too late to swtich.. I don't care that you love trading.. Trading = Gambling.. you should see gamblers annonymous.. you sound very erratic at 14.. can't wait till your 25 , your going to be very delusional.. quit while your ahead..

There are facts in life and it's about time to learn them.

1) None of your friends or employers will care that you can trade.
2) By the time you hit 20, you will have huge mountain of regret placed on yourself.
3) There is very little money in trading, I rarely see any job posting for trading careers. Your moving in a dead-end.
4) Answer my question: Why will you succeed in this biz, but not the other 99% of ppl?
5) Okay, you don' like doctor/lawyer, but your good with #s, so why not go into accounting, economics, statistics?

Then again, maybe you know more than me, being 14 and all.
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speaking from experience, you're not completely right. In fact, you're not right at all. You're thinkin of only good things trading keeps you from doing. Getting your head in the right place at a young age keeps you from doing a lot of bad things as well. But seeing as how you were so smart when you were 14, you wouldn't know.
 
Can not remember reading more annoying post than "exaltedangel09" above. Put a douchebag on ignore and keep working. You do NOT sound erratic but rather very mature for your age.

I believe the trading can be curse or blessing, depending on how successfully you manage to correctly asses your skills. Some people never stand the chance to conquer the emotional and psychological part of it, which is the most important IMHO. When they fail to pull out at some point and seek some other occupation, lives are ruined, similar to the outcome of any other dependency.
Life is ahead of you, it's a good idea to get some decent education. You started early enough to give yourself development time before deciding to be a full time trader. Most important thing, never let yourself into irrational exuberance, keep a cool head and judge yourself realistically. If you end up not getting results from trading activity, our land is still full of opportunities (allegedly).

To me it looks you are on a good path to make it, keep working on your soft skills (emotions, etc.), technical stuff you already have mostly under your belt.

Best regards from Oakville...

P.S.
To the "exaltedangel09":
It's "you are" or "you're" not "your".
Wrong: Your douchebag..
Correct1: You are douchebag.
Correct2: You're douchebag.
 
Julian -

Did you ever get setup with access to Hong Kong through Global Futures? I'm curious as to the quality of the data feed, the commissions, and the instruments available (do they offer HHI and MHI, or HSI only?).
 
Quote from filter_sweep:

Julian -

Did you ever get setup with access to Hong Kong through Global Futures? I'm curious as to the quality of the data feed, the commissions, and the instruments available (do they offer HHI and MHI, or HSI only?).
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As of right now I am still in the process of setting up the new account with the CQG feed. HOWEVER I do know at this point that they do not have the Hong Kong exchange, but they will add it in the near future. Once added, the feed should be fantastic as its CQG ;)
 
Another update:

At this point in time, I am still setting up my CQG feed with Global. This will probably take another week or so.

I have been trading the ES in my spare time from 3-4EST Successfully in the past 2 weeks. I have also been rebate trading simultaneously.

I am most likely going to create another thread as this threads name doesn't really justify what I am trying to do (which is making money in really ANY futures market that is available for me to trade XD).

Happy trading!

Julian
 
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