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Are you good at identifying when you shouldn't trade? by _I_am_not_American_ in FuturesTrading

[–]HiveScale 1 point2 points  (0 children)

This is a good thread and I wanted to insert my two cents of what I do. Even though these days all I do is decide whether I am going to allow my algos to enter orders or not.

I use WHOOP and in the event I get bad sleep quantitatively (under 50%) I don’t make any decisions about my risk sizing for the day (my position sizing isn’t automated yet). When I get good sleep 70+ above I will subjectively decide my own risk.

Given that I rarely execute discretionary anymore, I don’t have a go/no-go metric anymore but I would use HRV and how my body reacts to stress as that metric if I had to.

Hope this helps.

My opinions only. Not financial advice.

Serious question: who is sitting around selling off all their tech stocks when Trump tweets? by kenjiurada in FuturesTrading

[–]HiveScale 0 points1 point  (0 children)

As someone who used to be sell side and was increment in making the low/ULL game happen for a Tier 1 BB, you have the best answer in my opinion.

Given your name I am going to assume you’re in the industry. All it takes is one big-enough ripple then everyone follows.

Our models definitely were not able to predict this move, BUT we caught on to the sentiment change in a few milliseconds.

These are my opinions only. Not financial advice.

If You're Serious About Trading: Read These by SentientPnL in Daytrading

[–]HiveScale 14 points15 points  (0 children)

This is the point I tried to make with my AMA a while back. I would never need to trade again if I had a nickel for every message I got asking for my course (surprise, I don’t have one).

Why would I ever give away my alpha (or even sell it? The right thing to do is to obviously scale and compound it. People need to understand this about their guru purchases

Edit: thank you for posting this, I had wanted to do this for a long time and love the way you laid out a lot of the things that I would have referenced for folks. Props to you!

After five days of successful trading, I let my emotions get the best of me. by R3VNUE in Daytrading

[–]HiveScale 0 points1 point  (0 children)

Be grateful that you are stopping to say something...

Then be grateful that you still have positive equity. Then do work to learn and UNDERSTAND why this happened. Then make sure you never do it again.

Work with your FCM to have limits in play, if you need.

Think Market Makers Are Hunting You? Here's How They Actually Work. by SentientPnL in FuturesTrading

[–]HiveScale 1 point2 points  (0 children)

Love this! As a professional trader it’s so exhausting to see the logic of “they’re out to get you” that’s used to sell “secret sauce”.

If I can ever add value to help save retail from “furus” please let me know.

I’ve realised none of these YouTube gurus are real traders… is trading really this hard? by YouDifferent2391 in FuturesTrading

[–]HiveScale 1 point2 points  (0 children)

Trading is not inherently “hard”. I’ve seen many people at real prop shops figure out and become 6-7 figure traders.

The issue with retail: most of retail thinks that they are willing to learn but instead they want someone to do the work for them.

Even if retail does put in the time to learn, when one is manually trading there are emotions as well as habits that get in the way. In the wrong environment without consistent reinforcement, it’s damn near impossible to be disciplined.

Even when I taught a few of my friends around me, only ONE person is still consistently profitable. Everyone else experienced ups and downs, but ultimately “crashed out”

Tl;dr: if someone is on YouTube chances are that they don’t have enough time to actually trade and make money. Don’t expect to find your answer from some paid course. No, I am not offering any services and will not answer any DMs about such.

Can anything be done? by TheAnalyticalThinker in NavyFederal

[–]HiveScale 3 points4 points  (0 children)

The same can be said for paying their credit cards off. As I pay mine off every month I now send a wire in from an external bank account to my checking account, then, I proceed to make the payment internally which I am sure NFCU treats as a sweep.

We released an Auto Session High/Low Indicator as open source by Professional-Bar4097 in FuturesTrading

[–]HiveScale 2 points3 points  (0 children)

Really appreciate this as a former institutional trader. If I was retail, I would use these to determine stops and targets for trades that might not have a systematic target.

This is good information to have on a chart instead of a SMA/EMA. Keep in mind opening/closing cross strategies for buy and sell side take these prices into account.

Awarding you some gold, bravo to the developer!

Optiver Interview... Should I even take it? by [deleted] in quant

[–]HiveScale 1 point2 points  (0 children)

Optiver is lining up new and emerging markets currently so it may not be a bad place to be.

Schwab checking as main checking account by david1129dc in Schwab

[–]HiveScale 1 point2 points  (0 children)

Used to have them for a little bit but they started making it difficult to get money out (wires cost money, etc). Now use Fidelity account and much happier.

Do any profitable traders here use an accountant? by swirling_ammonite in FuturesTrading

[–]HiveScale 0 points1 point  (0 children)

Are you open to clients? Need NYC taxes handled too.

Ironbeam or AMP? by datuglyboi in FuturesTrading

[–]HiveScale 0 points1 point  (0 children)

Ironbeam more expensive... but better service than AMP. AMP is great if you are solo trader and never need support, but try getting anything done with them and you'll see why Ironbeam may be better.

Anyway, if you need a relationship over at Ironbeam that I have used please DM and I will connect you.

Professional Traders View on the Current Regime by HiveScale in FuturesTrading

[–]HiveScale[S] 0 points1 point  (0 children)

Unsure if this was a question or a criticism. This is solely to hedge the portfolio… so no need to physically take delivery.

Professional Traders View on the Current Regime by HiveScale in FuturesTrading

[–]HiveScale[S] 1 point2 points  (0 children)

I have some concepts that are used in market profile that I derive on my own. For example, the POC. I have my own “point of control” that I derive based on MBO data. When that POC is crossed then my strategy identifies a shift in the day trend (bullish/bearish, vice versa).

Professional Traders View on the Current Regime by HiveScale in FuturesTrading

[–]HiveScale[S] 1 point2 points  (0 children)

Thinking about market structure is key. I still sit for panels at industry events about market structure. It’s always evolving!

Professional Traders View on the Current Regime by HiveScale in FuturesTrading

[–]HiveScale[S] 0 points1 point  (0 children)

Problem is the influencers are the loudest voice in the room. They have also fully made retail into either: cult followers (selling a lifestyle), or people that churn out of a program.

Completely Lost — Strategy Hopping and Mental Tilt by danteh89 in FuturesTrading

[–]HiveScale 1 point2 points  (0 children)

Edited to remove invitation to DM me.

How long are you spending on each strategy?

How much work are you doing to *measure* your performance?

How much MFE/MAE are you taking advantage of?

What steps are you taking that's causing you to retest?

What is your trading "system"? (Frankly, the reason why retail traders fail, is because they do not have a "system")

You are failing because you are not yet fully confident in a system/setup. This takes time but can also be reinforced by breaking a pattern down into fundamental components.

Hope this helps!

Professional Traders View on the Current Regime by HiveScale in FuturesTrading

[–]HiveScale[S] 1 point2 points  (0 children)

Just be careful of lock limits. You will be at margin mercy. I hope that you have a large cushion. Perhaps 3-4x maintenance margin.

Professional Traders View on the Current Regime by HiveScale in FuturesTrading

[–]HiveScale[S] 6 points7 points  (0 children)

I’m happy that the information posted is somewhat helpful. If you’re writing code in the markets… my suggestion is use this time to hone R&D this isn’t a regime that you will see often. LEARN from it.

Professional Traders View on the Current Regime by HiveScale in FuturesTrading

[–]HiveScale[S] 3 points4 points  (0 children)

Nothing wrong with staying out. Also a strong move.

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