Mostly 30 Year treasury bonds and E-Mini Nasdaq 100 on that demo platform. It does seem to me, realism aside, people on here are too quick to be pessimistic on here. The OEC is a solid enough platform that would not be prone to the same kind of faults that other platforms would be. As I said, it does rely on live data. The others I'm not sure do.
How much money can you make trading electricity futures?
- Thread starter Con1991
- Start date
No I traded mostly spreads. And only ever Market orders, never Limit orders.
I would recommend doing a little more research into the concept of risk adjusted returns. It's possible to make $23M off a $1M base pretty much every single day trading a high leverage product like deep OTM options. But you're going to have to blow up that $1M account a couple hundred times on average to achieve that, so at the end of the day you're deeply negative.
What most pretty much all traders who are successful over time care about isn't how much they could make per day/month/year. It's about obtaining a given return for less adjusted risk. For example, right now if I could provide a genuinely risk free return with the same risk profile as US Treasuries that yielded a 5% return I could have billions in AUM in a heartbeat...that would be an utterly spectacular risk adjusted returns given Treasuries are yielding sub 1% at the moment. On the other hand if you could demonstrate a real live money account where you made $23M off $1M in a month buying deep OTM options, you would receive a collective yawn and be ignored. You're just a lotto winner and they're not only not terribly interesting but we're guaranteed of having some random person in that position every so often so they represent nothing that can be reliably done long term.
So homework assignment for you, do a Google search on "modern portfolio theory" and "risk adjusted return" and spend an afternoon reading about them until you really get the concepts. Then try paper trading again from a base that reflects the trading capital you really intend to deploy, and do that several times. Then try to trade real money at about 10% of what you plan to deploy for several months. Then and only then deploy your capital at scale.
That all requires patience, but your golden opportunity isn't going anywhere while your hard earned savings very well might be if there's even a single error in your thought process. And believe me, we all have lots of errors in our thought process.
No I never did that spread. I was doing calendar spread trades mostly, but also some intercommodity spreads as well.
Can you post a simple screenshot of these completed (and highly profitable) trades?
The demo account I was using expired in March, it was a two week trial so I have no screenshots unfortunately.
50k was the starting balance, and this was over the course of two weeks before the demo account expired. It was Calendar spreads I was trading, and size was an average of 100 contracts per spread.