Hi, Looking to try out my strategy on NYMEX oil

[Maverick74]

Quote from nemesis45:

well 25k is a very good amount .
if so i apologise for my comments above.
better wait for their reply before continuing this further -no point wasting time for the both of us.

in my defense it just said 3k max drawdown though.
and you just seemed like a troll from the begin(still do)

Are you Indian? Can you read? Why don't you spend more then 3 minutes reading their website before attacking me. And yeah dude, you got me, I'm a troll. I've been secretly posting here for 12 years waiting for this opportunity to troll an Indian wannabe oil trader the first time he surfaced. It took 12 years but you finally showed up.

Fyi, i'll throw you a bone here since It's Christmas and all, that 3k drawdown is your DAILY loss limit. And a word of advice buddy, you may want to keep your losses on the down low. Openly saying you might lose more then 3k a day is not a good way to get backed. And also, I use to run a prop office for 6 years and did my fair share of backing traders, you may want to lose the dick attitude when you come on here asking for help. You would be surprised who is reading your posts.

 

[nemesis45]

Quote from Maverick74:

OK, is there something in the drinking water or is this part of some weird end of year changeover at ET where we ring out the old crazies and bring in the new ones. I swear some of the posts on this board in the last week have me double checking the URL address.

Son, what the hell are you talking about?

your first post, what the hell is anyone supposed to think!
also i do have a job and a resume, but how many prop firms do you think are there in India, and the terms they would offer.

Gets frustrating at times knowing you can trade but didnt have a platform to get through.

I'm not here begging for money or anything, just that i know what i am capable of , and i dont want to be pushed out of the market( which is pretty damn easy with a 4.5k drawdown.)

 

[Maverick74]

Quote from nemesis45:

your first post, what the hell is anyone supposed to think!

Huh? Did you READ your post? It was complete gibberish.

Quote from nemesis45:

I am experienced futures trader, trading mainly oil futures on nymex (spreads as well as futures). Have a good reputation and track record. Have tried out numerous strategies over the past 3-4 years to try and see which one works out and why. Have made money over every instrument i have traded (equities currencies, oil). Also have been the best trader at every pit i have traded.

I believe i have come up with quite a good strategy (based on PA) for the oil markets. Need a good pit to prove it!. I am confident of this being the best strategy i have tried out so far.

Looking to join a pit in India(Preferred,but country is no bar to my call). Initial investment would only be in the order of 30k USD or so. Please do recommend a good firm/pit where i can join and prove this strategy.

PM me if youre interested.

What "pit" are you talking about? And then saying you want to join a pit in India? I don't even know what this means. Then you go on to say you have been the best trader at every pit you have traded. What pit are you talking about? India does not have trading pits and our pits for futures were done over 10 years ago so I don't have the foggiest what the hell you are talking about. Hence the reason I was inquiring about the contents of our drinking water as your post seem to surface around the same time as 10 other crazy non nonsensical threads.

 

[nemesis45]

By pit i meant an electronic trading floor.
its common lingo here . pls dont confuse with open outcry pit.

could have just said so...
didnt know it would cause confusion.

 

[cmb]

Quote from nemesis45:

your first post, what the hell is anyone supposed to think!
also i do have a job and a resume, but how many prop firms do you think are there in India, and the terms they would offer.

Gets frustrating at times knowing you can trade but didnt have a platform to get through.

I'm not here begging for money or anything, just that i know what i am capable of , and i dont want to be pushed out of the market( which is pretty damn easy with a 4.5k drawdown.)

Topstep will give you a custom combine, which you agree too, I am sure they will consider anything within reason.

If I understand correctly, you want 30k USD investment? so you want to trade 15 to 20 Crude contracts a position? thats awesome mate. but how about you start with 2 to 4, in combine...prove it...after a few good months bump it up to 5 to 8.

The reason you are getting trolled like this, is because you want free money to trade, yet you seem unwilling to pass any kind of test/combine and you also want freedom to lose 10k. Come on mate, my parents were willing to back me...but only after I showed them 3 months of profit on a demo. Then I had to tell them exactly how I made the profits, and my strategies for entering and exiting a trade. And then my first month...I am not allowed to risk more then $50 a trade, and only if the results are the same (risk unit profits) was I allowed to up my risk.

So passing a combine seems normal to me if I wanted to trade someone elses money. Hey, I am always open to the idea that my way could have been wrong...

 

[nemesis45]

Quote from cmb:

Topstep will give you a custom combine, which you agree too, I am sure they will consider anything within reason.

If I understand correctly, you want 30k USD investment? so you want to trade 15 to 20 Crude contracts a position? thats awesome mate. but how about you start with 2 to 4, in combine...prove it...after a few good months bump it up to 5 to 8.

The reason you are getting trolled like this, is because you want free money to trade, yet you seem unwilling to pass any kind of test/combine and you also want freedom to lose 10k. Come on mate, my parents were willing to back me...but only after I showed them 3 months of profit on a demo. Then I had to tell them exactly how I made the profits, and my strategies for entering and exiting a trade. And then my first month...I am not allowed to risk more then $50 a trade, and only if the results are the same (risk unit profits) was I allowed to up my risk.

So passing a combine seems normal to me if I wanted to trade someone elses money. Hey, I am always open to the idea that my way could have been wrong...

No i want to trade only 2 lots in crude oil. with some in brent-wti spreads.
then scale it up with profits.

it is a bad strategy to use all of your margin, generally i have a criteria for 10kUSD per lot in crude . ( with 2.5k to 3k USD margin req per lot)
i am totally willing to pass the combine, give proof of statements this is not an issue at all.
of course it would be insane for any one to invest without getting an idea of the strategy, some track record, some proof that it works ( which i am willing to discuss privately and not on forums since it would disclose the firm i am working with and firms i have worked with)

the way i thought topstep trader worked was give em 400 usd , trade sim for 2 weeks, then trade with a max drawdown of 3k USD (out if you lose 3k USD) seems to be indicated on their site( 5 times max drawdown isnt mentioned at all!)
i may have been hugely wrong as pointed out

i had heard of a scam firm earlier, with a similar business model, making money off the initial investment people made with it.

waiting for their reply , should come a day after to see how their model works. ( but on a flip side they aren't offering CQG,X trader or stellar? still ok i guess)

 

[cmb]

Not sure how they deal with spread traders. Definitely check them out, pass the combine.

 

[xelite777]

Quote from nemesis45:


of course it would be insane for any one to invest without getting an idea of the strategy, some track record, some proof that it works

To get a track record go to a website like Collective2 and post your oil trades there in real time. Then after 6 months or a year you can show them to prop firms all over the world and someone will surely hire you, assuming you can generate at least 2% a month profit on average while still keeping your maximum drawdown under 15%.

 

[nemesis45]

Quote from nemesis45:

of course it would be insane for any one to invest without getting an idea of the strategy, some track record, some proof that it works ( which i am willing to discuss privately and not on forums since it would disclose the firm i am working with and firms i have worked with)

i haven't been able to automate it yet, planning to go about algorithmic trading in the next few years. will have to learn that one from the basics. good site though!

 

[xelite777]

Quote from nemesis45:

i haven't been able to automate it yet, planning to go about algorithmic trading in the next few years. will have to learn that one from the basics. good site though!

You don't need to automate anything, click on the "System Developers" tab to get the details. Basically, you will be selling your trading signals to subscribers while building an official track record at the same time