Patak, math and opportunity....

I was not quite sure if I was properly set up, but I just downloaded my report and it seems like I`ve joined the circus.

10-Day Combine. $10 000 profit target.

I will be trading the ES contract exclusively with moderate leverage. At least for the first days. I used 5 of 15 available contracts today.

Performance today was under par, but acceptable, considering it's my first day trading since late May. Or was it June? I took an early day, since I was not feeling well and did not see any reason to push it.

Wish me luck! :p
 

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Quote from Laissez Faire:

I was not quite sure if I was properly set up, but I just downloaded my report and it seems like I`ve joined the circus.

10-Day Combine. $10 000 profit target.

I will be trading the ES contract exclusively with moderate leverage. At least for the first days. I used 5 of 15 available contracts today.

Performance today was under par, but acceptable, considering it`s my first day trading since late May. Or was it June? I took an early day, since I was not feeling well and did not see any reason to push it.

Wish me luck! :p
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Good luck bud!
 
Quote from Maverick74:

That's only $100 a day on the 20 day combine. Ten ticks in CL! :)
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I'm almost done with my trial on Ninja and it seems 10 ticks is doable on CL, as long as you nail the entry!

It also helps to make sure you're on the most current contract. Today I placed a limit order well below the bid, yet it got filled immediately. Then I realized I was in the December contract, but crude was showing the January price! Good thing it was sim, so I killed the trade for a small loss and manually changed the contract through the instrument manager.

On a live account when doing the combine, how does one make sure they're in the most recent contract?
 
Quote from Laissez Faire:
----10-Day Combine. $10 000 profit target.
----I used 5 of 15 available contracts....
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?....?? .... ! .... What did you "customize" in order to get a reduced profit objective? :confused:
 
By Thurs of the 3rd week of each month, you switch to next month's contract. So for example, I switched today to Jan from Dec.

Here's the best way. Save template saves all of your indicators. Use instrument manager to add the next month's contract. Create a chart for that month. Delete your old chart. Then load template to reload all of your indicators.

Also, you can check the volume to see when the new month is starting to get more volume.

http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html


Quote from ScalperJoe:

I'm almost done with my trial on Ninja and it seems 10 ticks is doable on CL, as long as you nail the entry!

It also helps to make sure you're on the most current contract. Today I placed a limit order well below the bid, yet it got filled immediately. Then I realized I was in the December contract, but crude was showing the January price! Good thing it was sim, so I killed the trade for a small loss and manually changed the contract through the instrument manager.

On a live account when doing the combine, how does one make sure they're in the most recent contract?
More...
 
Quote from Maverick74:

Good luck bud!
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Thanks!

Quote from Haloperidol:

May MM be with you.
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Thanks, eudaemon!

Quote from nazzdack:

What did you "customize" in order to get a reduced profit objective? :confused:
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Did you miss the fact the TST offers custom combines?

I sent them a request saying I was interested in doing the 150K Combine over 10-days, with the only change being a reduced profit target.

They complied, but I believed they tightened the maximum drawdown from $4500 to $3750.

I`m completely fine with that, as I can`t afford drawdown anyway if I am to complete the Combine successfully.

Regards.
 
...and suddenly, there is a new kid on the block:

Quote from mickson:

I have just spoken to an investor who has kindly agreed to put up $100k for the top leaderboard ranking as of the close on Friday the 7th December.

I am aware that with anything new there will be sceptics so I wanted to get some money allocated as quickly as possible.

..... we are genuine traders who are happy to give traders with talent a go. We are not going to hide behind a tick list questionnaire or an allocation with a DD restriction so tight that you are almost guaranteed to fail.

Happy trading.

Mike, rapacapintro.com
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Long live capitalism and competition! They are a new sponsor on ET....

http://www.elitetrader.com/vb/showthread.php?threadid=253413
 
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