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Trade after work -- Trade HSI
- Thread starter ET99
- Start date
it is healthy to be skeptical, especially reading something from an internet forum.Quote from dozu888:
yeah, that win/loss ratio is real impressive.
you know what they say about something that looks too good to be true.
If you disect the numbers, you will see the numbers are not that impressive.
First, look at the frequencies of the trades -- high.
Then look at the average profit from each trade -- not so high.
Verdict: this is high frequencies scalping, with occassional trend rides.
Scalpers look for high probability set up. They are concerned with low risk small profits than the unknown (to the scalper's orientation) risk "Fat" trend rides.
There are people who can make more money with fewer trades, a modest W/L ratio, and pay far less commission. Maybe they are more impressive.
This high frequency trading is geared toward a high frequency instrument (HSI), and for people who wants to trade for a few hours and pack it in. There is no overnight holdings. I don't even hold anything over lunch. I don't like to initiate new positions after 11:30~11:40 HK time.
Quote from Trayo:
I would like to make a suggestion to everybody who want further discussion on BB to read Bollinger's book first. I have wasted many years second guessing the BB, meanwhile Bollinger has laid out all the key points in his book.Quote from ET99:
it is difficult to find the exact trade now. I must have done 75 trades since.
Here's a picture I posted earlier. It shows the idea of my entries and exits.
>>>ET, This is very similar to the way I trade.
However, I was impressed by your win/loss ratio as posted on your trade blotters. What kinds of signals are you finding helpful to confirm the entries and and exits that look good on BB chart?
For example, I won't take an entry that is counter to a steep underlying BB channel direction.
The HSI's volume is thin, compared to ES and many other instrument. The past 3 months average daily volume is about 80,000 contracts. That works out to about 300 contracts per minute.The HSI volume's a little thin, no?
Is HSI Tradeable?
The answer is absolutely YES.
If HSI were a thinly traded stock with questionable fundamentals, I would be worried; it might be manipulated.
But HSI futures tracks the HSI index, which is a basket of highly capitalized companies with solid financial foundation. No matter where people want to push the future, it cannot be manipulated from a fair premium with the underlying. I know, I track it by the second. I am sure many Arbies do too.
Quote from ET99:
The HSI's volume is thin, compared to ES and many other instrument. The past 3 months average daily volume is about 80,000 contracts. That works out to about 300 contracts per minute.
Is HSI Tradeable?
The answer is absolutely YES.
>>>ET99,
What kind of size are you trading? Looking at your blotters (assuming they are shown in HK$) looks like 25 or so?
Thanks
let's take this day's trade as example:Quote from Trayo:
>>>ET99,
What kind of size are you trading? Looking at your blotters (assuming they are shown in HK$) looks like 25 or so?
Thanks
http://elitetrader.com/vb/showthread.php?s=&postid=1758853#post1758853
commission per trade (in/out) = HK$60
Total comm of the day = HK$2040
$2040 divided by $60 = 34 contracts traded.
Total trades made = 29
Therefore most of the trades were single contracts, with the odd ones in 2 or more contract lots.
I also scale out and scale in. There were instances where I was holding 3 contracts, the software counted them as 3 trades of 1 contracts each.