HSI Journal

Quote from CHACHA420:

It seems you are trading from Canada, What broker do you use for all these products to trade. I guess, it is IB and if not would you please mind to share.

I was trading HSI and SGXNK during the 2006-2007 year, and was doing great by making $500 everyday, but made a big mistake and got kicked out. Now just trading eminis in morning. I used IB for asian markets.

Thanks for sharing
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What do you mean by getting kicked out?:confused:
 
dozu, I live in Victoria, BC. I mainly trade the morning session. If HSI moves big in the morning session, I may trade afternoon session as well.
 
Quote from Iceburrg:

CHACHA420,
What data feed did you find most reliable when you were trading Asian Futures? What there any particular trading style/method that you found worked for you on the HSI contract?

This Thread is highly overdue.
Good Trading
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I was using just IB and their data feed. And to trade SGXNK and HSI fading the gap was good strategy. But as you know being as human, I made a big mistake in holding over nite good size of position and turned my profitable position into losing one due to greed. But I will come back very soon.
 
Quote from doubletrouble:

What do you mean by getting kicked out?:confused:
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Just like in the game, if you do not show discipline and keep breaking the rules of the game, they will finally show you a card and kick you out. So it is same in this game. Finally they liquidated my overnite postion and put me out of the game.
 
Quote from HSI_Trader:

dozu, I live in Victoria, BC. I mainly trade the morning session. If HSI moves big in the morning session, I may trade afternoon session as well.
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just a quick observation.... I actually think the PM version is worth sticking around for if the AM session consolidates.. (I live on the east coast, so I don't touch the PM session anyway).

It appears to me that if the AM makes a big move, it usually just fool around in the PM.
 
Thanks for your comments about the PM session, dozu888.

HSI gapped down about 400 points, less than what I thought. I entered long three times and exited with a little profit in the first half hour. After its first half hour strength, HSI became weak. I entered short and exited ten minutes later with 100 points gain. Then I placed my last short trade. That was a really bad trade.

Trades:
2008-01-09 09:45:40: B (1) at 26758.0, 2008-01-09 09:56:12: S (1) at 26792.0, P/L = 32.8
2008-01-09 10:00:07: B (1) at 26815.0, 2008-01-09 10:05:46: S (1) at 26880.0, P/L = 63.8
2008-01-09 10:14:44: B (1) at 26873.0, 2008-01-09 10:15:13: S (1) at 26855.0, P/L = -19.2
2008-01-09 10:19:23: S (1) at 26994.0, 2008-01-09 10:31:58: B (1) at 26892.0, P/L = 100.8
2008-01-09 12:08:19: S (1) at 27117.0, 2008-01-09 12:20:05: B (1) at 27233.0, P/L = -117.2
I made a couple of typical mistakes during the last trade.
a. I traded what I thought rather than what I saw,
b. I should cut my loss quick, instead of hoping that market gave a favor. Actually the price did retrace back to my entering point and gave me a good chance to get out, but I didn't. My emotion (greed and fear) were out of my control. Too bad, I didn't learn my lesson.

Total P/L = 61.0, P/L Per Trade = 12.2, Total Commission = 6.0
 
Quote from HSI_Trader:

Thanks for your comments about the PM session, dozu888.

HSI gapped down about 400 points, less than what I thought. I entered long three times and exited with a little profit in the first half hour. After its first half hour strength, HSI became weak. I entered short and exited ten minutes later with 100 points gain. Then I placed my last short trade. That was a really bad trade.

Trades:
2008-01-09 09:45:40: B (1) at 26758.0, 2008-01-09 09:56:12: S (1) at 26792.0, P/L = 32.8
2008-01-09 10:00:07: B (1) at 26815.0, 2008-01-09 10:05:46: S (1) at 26880.0, P/L = 63.8
2008-01-09 10:14:44: B (1) at 26873.0, 2008-01-09 10:15:13: S (1) at 26855.0, P/L = -19.2
2008-01-09 10:19:23: S (1) at 26994.0, 2008-01-09 10:31:58: B (1) at 26892.0, P/L = 100.8
2008-01-09 12:08:19: S (1) at 27117.0, 2008-01-09 12:20:05: B (1) at 27233.0, P/L = -117.2
I made a couple of typical mistakes during the last trade.
a. I traded what I thought rather than what I saw,
b. I should cut my loss quick, instead of hoping that market gave a favor. Actually the price did retrace back to my entering point and gave me a good chance to get out, but I didn't. My emotion (greed and fear) were out of my control. Too bad, I didn't learn my lesson.

Total P/L = 61.0, P/L Per Trade = 12.2, Total Commission = 6.0
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Ouch..! But from the looks of it...it could have been much worse. We learn from our scars.
 
Hi, Iceburrg

It could be much worse. HSI went up another 400 points in yesterday's PM session.

Today' HSI open and price movement were totally out of my guess. I bought four times and didn't feel good. The price action confused me. I called for a stop today.

Trades:
2008-01-10 09:53:26: B (1) at 27420.0, 2008-01-10 10:00:09: S (1) at 27528.0, P/L = 106.8
2008-01-10 11:11:02: B (1) at 27478.0, 2008-01-10 11:15:14: S (1) at 27412.0, P/L = -67.2
2008-01-10 11:17:21: B (1) at 27413.0, 2008-01-10 11:33:36: S (1) at 27461.0, P/L = 46.8
2008-01-10 11:42:26: B (1) at 27406.0, 2008-01-10 11:44:10: S (1) at 27426.0, P/L = 18.8


Total P/L = 105.2, P/L Per Trade = 26.3, Total Commission = 4.8
 
Quote from HSI_Trader:

Total P/L = 105.2, P/L Per Trade = 26.3, Total Commission = 4.8
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That's still a decent performance.

I made many mechanical mistakes today. I did not realized I was on sim until half way through. I thought I was making a killing. LOL.
 
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