S
Skylar Maddow
@skyfall
Last seen:
2 months ago
Lover of numbers
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FTMO gives you the option of rollingover your payout so it becomes part of your trading account balance LOL. I wonder who will be stupid enough to do that.
I don't trust prop firms in general, it is nothing like actual trading, and it is just a demo account. And I'm even more skeptical about a no name prop firm. Prop firm business is unregulated, so any scammer can start it. Not to add how the terms are skewed against real traders.
Unpopular opinion: I think risk to reward ratio is a scam, you hear traders say I need to set a tight stop loss so as not to risk too much, thats bs! your stop loss needs to be where your stop loss needs to be.
I exit the market when I need to exit the market irrespective of how much profit I have made. For instance,if I see that price has hit a weekly or monthly high and is reversing, there is no point staying in the trade because I have not made enough profit.
Let me add that you cannot trade NAS100 on some U.S. public holidays because the exchange will be closed for business.See attached list of Nasdaq stock exchange holidays for the financial year 2026.
I began my trading journey with $100, trading around 0.05 lot size. So, yes you can start with $100 but keep the lot size small so you don't lose all the $100 in one day. Have a daily loss limit (like $3 a day) once you reach that limit, stop trading and wait till the next day.
hedging is too difficult to manage for me; I like to set a trade and go to sleep instead of continuously monitoring a hedge. besides i think hedging can encourage one not to accept losses and to try to engage in risk-free trading. This can be counterproductive in the long run.
Open interest as per futures and option contracts is the total number of individual contracts that have been opened. The open interest number fluctuates upward or downwards; if any contract is closed it is subtracted from the open interest figure and if any new contracts are opened it is added to the open interest figure.
The volume of an option or futures contract refers to the total number of transactions recorded in a day. The volume figure only increases (it doesn't decrease) as more transactions (buy or sell) take place.
When I am looking at open interest data, I only do so for option contracts that are at the money because they will tend to see more trading.
Strike price is like the price at which the option contract is awakened and can be used or exercised. As long as the market value of the underlying future has not reached the strike price, the option remains dormant and out of the money.
I think the brokers are supposed to render reports on their activities to the regulators, who will then scrutinize them.
Futures Pricing & Cost:
Futures trade on exchanges every day so the price will be displayed, and the price also fluctuates according to market forces.
You can click on any futures to see the contract specs. In the image attached, we see a Platinum Futures (PLV5) trading at a current market price of $1,359.
However, from the contract specs we see that each PLV5 contract contains 50 troy ounces of platinum so the notional value of the contract will be ($1,359 x 50 ounces) = $67,950
When you buy and hold a futures contract overnight, it will be marked-to-market meaning you will be debited if the final daily settlement price is lower than your entry price.
You will also be credited if the final daily settlement price is higher than your entry price.
What Happens When Futures Expire?
1. Physical Delivery
After a futures contract expires, you can choose to move for the settlement & physical delivery of the underlying asset.
2. Cash Settlement
Instead of receiving or delivering physical goods, you can opt to pay or receive the cash equivalent.
3. Contract Extension
You can opt to extend the contract by rolling it over.
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