Trading on my hypothetical account has been amazing. I'm currently experimenting with some new trading styles. I'm not "changing" what works for me but trying to add in some new elements.
The motivations for the changes are involved. But, I try to explain. I've focused so far 100% on trading a tiny account which meant I'd have 1 position open at any time. I also predicted the entire market and so I didn't think much of it. However, I've grown my hypothetical account to almost double what it was when I started.
Also, I've kinda started to change my thinking that if I'm to get funding then they may want to see how I can trade a larger account. But, also, I want to see if I can take advantage of some of the benefits of diversification and market neutrality. I'm still predicting direction but trying to "add in" some of the principles that the professionals use.
But, the other reason is that I've increased my goal to making 1k per day on days that I trade on my hypothetical account. My h-account is only around 75k and that's potentially a huge annual return -- even for me and so I'm looking to "take it to another level". So far I'm doing it. My goal is to keep daily/sequence losses to below 8% of my account. I've set a high risk level.
I'm looking at the "sequence" as a whole more now then the individual trades. I may hedge with one future and make money on another.
So, this is a very exciting time. I still haven't proven to myself that this will be the method. It may be that it requires a certain amount of volatility for me to pull this off. But, so far it is working brilliantly. I'm also experimenting with fundamental-analysis trades for the first time -- still limited to the futures.
Remember, my futures system is now among the top 4 or 5 ranked of all time on Collective2 and so for the people and even some vendors who rag on me then all I have to say is that by observable measures well you know what it means and you know, deep down, why you aren't ranked.
My plan going forward is to keep experimenting, keep winning, and hitting my goals. I want to see 1 to 3 month performance using the new method before I will call it a "working method". I've won with my other methods for years. It may be that instead of hedging with futures that I start to hedge with options. I'm basically going to more of a quasi "market making"/speculative style. I'm trying to take advantage of more opportunities and also the professional trading concepts like diversification, delta neutral, and hedging.
What else? I've also open a trade station account 3-4 months ago. I ma hoping to increase my system analysis methods, as well. I haven't placed any trades because I'm not sure if I have the margin to hold the ES overnight. I'm going to look into see if I can spread margin rates or possibly trade the NQ.
I plan to start to taking some actual futures trades in the next 1 to 2 months. I'll probably start by just trading my when my system triggers using systematic approach. It may be that I have to start with the NQ versus the ES or it may be that I have to do a spread combination. If I can't get that to work then I may go to options.
My "market making" and hedging styles require a lot more capital and no fear. It is very performance activity where a small decision can make 1k of difference and so I will not attempt that with real money until I am convinced I can do it and have sufficient capital.
I'm very good with where I am at right now.
