Joining the CME gang

So now that the account has hit 100k, couple of things to think about

1. Should I stay with AMP?

2. Whats my max account size I should aim for?

3. Do I continue with the size structure and how will this affect my performance?

4. Whats next?


As far as AMP is concerned, I think I will stay with them. I don't plan on holding a huge account. I think my comfortable max is probably at 250k; I know at this point AMP is probably keeping me and others over 100k on the radar considering how small they are.

But with bigger account, I don't know if I should continue with the risk profile I"m using now. Once you get into double digit lots, you do see slips. Right now I'm averaging 40 lots/day. I think I will probably stay around the 50-60 lots; considering the double margin requirement AMP has for over 100k account

So what's next? keep trading, keep grinding. I mean I could easily start an educational program, charge a few hundred a month and just regurgitate the shit they can get for free elsewhere, while keeping the real strategy to myself. This is how these fuckers operate, they never really tell you the step by step edge to follow, just a bunch of shitty systems to think about and let YOU decide what works. It keeps the fees churning.

But I have enough self respect no to go to the trading educator route. However, I have thought about managing OPM. But knowing how simple/elementary and unsophisticated my approach is, running a "fund" is just a bit much. Especially, when there is no system in place to hedge the risk. It's pure directional gambling (that just happens to work during these times). So scratch that idea.

So I will stick to my own funds, taking out some profits and dump it into KO for the passive income (while including selling puts from time to time). Once I get to the point that the dividend is around $1k/month, then I'd might diversify into more physical investments (maybe businesses or real estate)

I'll continue updating with monthly results...if i feel like it lol
 
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wtf? anybody else got this email. the market didn't even fall that much today..less than 5%

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hilmy83 said:
So now that the account has hit 100k, couple of things to think about

1. Should I stay with AMP?

2. Whats my max account size I should aim for?

3. Do I continue with the size structure and how will this affect my performance?

4. Whats next?


As far as AMP is concerned, I think I will stay with them. I don't plan on holding a huge account. I think my comfortable max is probably at 250k; I know at this point AMP is probably keeping me and others over 100k on the radar considering how small they are.

But with bigger account, I don't know if I should continue with the risk profile I"m using now. Once you get into double digit lots, you do see slips. Right now I'm averaging 40 lots/day. I think I will probably stay around the 50-60 lots; considering the double margin requirement AMP has for over 100k account

So what's next? keep trading, keep grinding. I mean I could easily start an educational program, charge a few hundred a month and just regurgitate the shit they can get for free elsewhere, while keeping the real strategy to myself. This is how these fuckers operate, they never really tell you the step by step edge to follow, just a bunch of shitty systems to think about and let YOU decide what works. It keeps the fees churning.

But I have enough self respect no to go to the trading educator route. However, I have thought about managing OPM. But knowing how simple/elementary and unsophisticated my approach is, running a "fund" is just a bit much. Especially, when there is no system in place to hedge the risk. It's pure directional gambling (that just happens to work during these times). So scratch that idea.

So I will stick to my own funds, taking out some profits and dump it into KO for the passive income (while including selling puts from time to time). Once I get to the point that the dividend is around $1k/month, then I'd might diversify into more physical investments (maybe businesses or real estate)

I'll continue updating with monthly results...if i feel like it lol
More...

Congrats!

Perhaps cash out 50k play with the house money ....stay humble and see if you can double it again .Don't jump on hi horse to fast you had -4k month two months ago.... JHMO
 
i guess AMP's double margin for >100k account is not automatic. i figured it would be after my last statement. looks like i still have regular margin req.

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still getting $500 contract margin. If this keeps up all the way to the end of the month and volatility stays about the same, i'm gonna pull off +100k month (assuming there is no fuckup on my end).
 
hilmy83 said:
still getting $500 contract margin. If this keeps up all the way to the end of the month and volatility stays about the same, i'm gonna pull off +100k month (assuming there is no fuckup on my end).
More...

ok finally got the $1000 margin contract...
 
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