jack hershey and others..

[river]

Quote from RedDuke:

Hi River,

1) There are plenty of volume in this contract during first 2 hours and through the rest of the day. Usually high 2 digits on each level, often 3 digits. It also has high tick value of around $20 depending on the exchange rate.
2) The contract has great moves, and it jumps very rarely, it can move fast, but no jumping most of the time.
3) It does not qualify for 60/40. Though this year Eurex got qualified as QBE, and some of KRX products trade on Eurex, so who knows what will happen this year. It also took CFTC a long time to issue No-Action for this contract to be traded in US.
4) It is very similar to ES. The main difference is that Kospi had larger intra day moves on average, and it is a bit thinner then ES.

Regards,
redduke

Thank you, RedDuke, for sharing your experience with the KOSPI along with the tax treatment issue. For a contract that opens in the early evening (Eastern time zone), has decent volume and has a high tick value, I'm surprised I don't read of more people trading it. Thanks again for the information.

-river

 

[RedDuke]

Quote from river:

.... For a contract that opens in the early evening (Eastern time zone), has decent volume and has a high tick value, I'm surprised I don't read of more people trading it. Thanks again for the information.

-river

My thoughts exactly. This is a great contract to trade, plus it allows people on Eastern/Central time zone trade it, and keep their day jobs. If you have any questions about it, let me know.

 

[SpunkyTrader]

How does one deal with breakeven? Making a nice profit one day, only to give it back the next day. Back and forth, rinse - Repeat. It's exhausting.

 

[cornix]

Quote from SpunkyTrader:

How does one deal with breakeven? Making a nice profit one day, only to give it back the next day. Back and forth, rinse - Repeat. It's exhausting.

Don't focus on short-term result. That's a big mistake day traders often make. Focus on the long-term goal, doesn't matter if you trade 5 times a year or 5 times a day. This is career, not day by day competition.

 

[Australianjoe]

test

 

[SpunkyTrader]

This week has been $$ excellent because of all the movement in the markets. The struggle begins when we get choppy days with zero volatility, which is unfortunate that most days are like that.

How do you manage to survive through days with hardly any movement? Change up your strategy for low volume days? And how do you know what kind of day it will be until it's too late executing trades for loss.

 

[R. Raskolnikov]

This week has been $$ excellent because of all the movement in the markets. The struggle begins when we get choppy days with zero volatility, which is unfortunate that most days are like that.

How do you manage to survive through days with hardly any movement? Change up your strategy for low volume days? And how do you know what kind of day it will be until it's too late executing trades for loss.

I don't change my strat in terms of what determines an entry, the only thing I will adjust is what % of my position I exit at 1st tgt, 2nd tgt etc. If the VIX is at, say 12, I'll exit a higher % at first tgt since the mkt isn't moving all that much. As vol increases, I'll reduce the % that I exit at 1st and 2nd tgt and allow my positions to, potentially, run to further tgts.

 

[R. Raskolnikov]

The key is to look at both days and try and pinpoint exactly WHY this happened and how you can improve your approach so that you move away from breakeven and towards profitability. Every day is a learning experience but you must be willing to learn and adjust until you have something that consistently works.

How does one deal with breakeven? Making a nice profit one day, only to give it back the next day. Back and forth, rinse - Repeat. It's exhausting.

 

[NoDoji]

This week has been $$ excellent because of all the movement in the markets. The struggle begins when we get choppy days with zero volatility, which is unfortunate that most days are like that.

One thing that's crucial is to trade a trend aggressively, so even if the trend turns out to be only a trending move and then turns into narrow range chop, you've pocketed a paycheck.

How do you manage to survive through days with hardly any movement? Change up your strategy for low volume days? And how do you know what kind of day it will be until it's too late executing trades for loss.

What I generally do on the days you describe above is first I watch several trades run a scalpable distance but miss my minimum target and I scratch all of them. Then I decide to take a scalper's profit and price runs 3 times or more my minimum target.

 

[SpunkyTrader]

What I generally do on the days you describe above is first I watch several trades run a scalpable distance but miss my minimum target and I scratch all of them. Then I decide to take a scalper's profit and price runs 3 times or more my minimum target.

HA! Story of my LIFE!

Thank you once again Mr. Doji.

Happy trading all