A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
Monday, March 25, 2013
Mon. 3/25
2:10pm CDT - All ZS1 trades again. This drawdown is getting tiresome.
Started around end of Sept. last year. But I stopped trading it for awhile then resumed again. See http://mbagearhead.blogspot.com/2013/01/happy-new-year.html
ZS was dead today and had no signals. Likely no more trading for me until after Easter.
Thanks Cory, I rolled over to May ZS contract on Feb 21st. Next rollover will be in mid-April. This is based on highest volume ZS contract. But I do feel a bit rolled over this month in general! :/
"There are (allegedly) pit traders that just specialize in the days around rollover. They only trade these days (I have no idea what they do for the other 10 weeks in between rollovers but this is what I’ve been told) and they trade the widening spread in the expiring contracts. For whatever reason there are longer term traders that don’t close out and roll their contracts at the optimum time. These rollover “specialists” will make a market (at a wider than normal spread) in the expiring contract and (apparently) make a very good living out of the rollover process." http://eminitutor.wordpress.com/rollover-day/
How long have you been using ZS1?
ReplyDeleteStarted around end of Sept. last year. But I stopped trading it for awhile then resumed again. See http://mbagearhead.blogspot.com/2013/01/happy-new-year.html
ReplyDeleteZS was dead today and had no signals. Likely no more trading for me until after Easter.
rollover week is deathly but what do I know?
ReplyDeleteThanks Cory, I rolled over to May ZS contract on Feb 21st. Next rollover will be in mid-April. This is based on highest volume ZS contract. But I do feel a bit rolled over this month in general! :/
ReplyDelete"There are (allegedly) pit traders that just specialize in the days around rollover. They only trade these days (I have no idea what they do for the other 10 weeks in between rollovers but this is what I’ve been told) and they trade the widening spread in the expiring contracts. For whatever reason there are longer term traders that don’t close out and roll their contracts at the optimum time. These rollover “specialists” will make a market (at a wider than normal spread) in the expiring contract and (apparently) make a very good living out of the rollover process."
ReplyDeletehttp://eminitutor.wordpress.com/rollover-day/
Thanks Cory - interesting.
ReplyDelete