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  1. #1

    Default Day trading multiple instruments

    I've had modest success trading the first 1.5-2 hours of the pit hours of the US corn contract. However probably 1-2 days a week there aren't any good setups (or none that I can see) in Corn in the first couple of hours.

    I'm thinking of trying to trade YM as well as corn. However I'm not sure if I'm better off devoting 100% attention to one instrument and just being patient and trying to increase my size when there are opportunities or whether I'm better off dividing my attention between two markets.

    For people with experience do prop shop traders etc. trade multiple contracts or are they specialists?

  2. #2

    Default Re: Day trading multiple instruments

    I'm no prop trader but I don't see why not, if you're not hardcore scalping or DOM reading should have enough concentration for at least 2 markets.

    I daytrade ES and pound or euro at same time, also while playing video games. Lot of time is just waiting. Really depends on if your your strategy requires constant active management.

  3. #3

    Default Re: Day trading multiple instruments

    Quote Originally Posted by banco View Post
    I've had modest success trading the first 1.5-2 hours of the pit hours of the US corn contract. However probably 1-2 days a week there aren't any good setups (or none that I can see) in Corn in the first couple of hours.

    I'm thinking of trying to trade YM as well as corn. However I'm not sure if I'm better off devoting 100% attention to one instrument and just being patient and trying to increase my size when there are opportunities or whether I'm better off dividing my attention between two markets.

    For people with experience do prop shop traders etc. trade multiple contracts or are they specialists?
    Yeah they usually trade multiple things at once, usually because they've been watching about 12,000 different markets on their 6-10 screens for a long time so they know when something is out of whack, but also have their favourite "bread & butter" trades on their main market that are their go to trades etc. from what I have seen anyway
    "Long before the tree falls, the trunk has weakened." - Brett Steenbarger

  4. #4

    Default Re: Day trading multiple instruments

    Quote Originally Posted by banco View Post
    I've had modest success trading the first 1.5-2 hours of the pit hours of the US corn contract. However probably 1-2 days a week there aren't any good setups (or none that I can see) in Corn in the first couple of hours.

    I'm thinking of trying to trade YM as well as corn. However I'm not sure if I'm better off devoting 100% attention to one instrument and just being patient and trying to increase my size when there are opportunities or whether I'm better off dividing my attention between two markets.

    For people with experience do prop shop traders etc. trade multiple contracts or are they specialists?
    When scalping, liquidity is your friend. Opportunity isn't always going to be available in the one product, so you want to watch other things.
    I trade /ES, /NQ, /ZB, /CL, /NG, /GC. Others I have on my watch list are the major currencies euro, jpy, aud, pound, canadian dollars & commodities corn, wheat, soy and metals silver & platinum. But I don't really scalp the latter (although some may have scalping opportunities).

  5. #5

    Default Re: Day trading multiple instruments

    Day trading is good for traders who are not willing to face huge risk. Also who wants to earn quick returns.

  6. #6

    Default Re: Day trading multiple instruments

    Quote Originally Posted by priya0710 View Post
    Day trading is good for traders who are not willing to face huge risk. Also who wants to earn quick returns.
    I'd be interested to know how you arrived at that opinion. Would you care to elaborate?

  7. #7

    Default Re: Day trading multiple instruments

    Quote Originally Posted by banco View Post
    I've had modest success trading the first 1.5-2 hours of the pit hours of the US corn contract. However probably 1-2 days a week there aren't any good setups (or none that I can see) in Corn in the first couple of hours.

    I'm thinking of trying to trade YM as well as corn. However I'm not sure if I'm better off devoting 100% attention to one instrument and just being patient and trying to increase my size when there are opportunities or whether I'm better off dividing my attention between two markets.

    For people with experience do prop shop traders etc. trade multiple contracts or are they specialists?



    Day trading minimizes your risk for trading and i would recommend to trade on multiple instruments like EUR, GBP, JPY, AUD.
    And if you are willing to undertake high volatility then go in for Crude Oil also.

  8. #8

    Default Re: Day trading multiple instruments

    Quote Originally Posted by Ina amran View Post
    Day trading minimizes your risk for trading and i would recommend to trade on multiple instruments like EUR, GBP, JPY, AUD.
    And if you are willing to undertake high volatility then go in for Crude Oil also.
    Day trading will be suitable as there will not be any SWAP charges or Roll Over Cost involved, that would eventually decrease your profits.

  9. #9

    Default Re: Day trading multiple instruments

    Quote Originally Posted by Ina amran View Post
    Day trading will be suitable as there will not be any SWAP charges or Roll Over Cost involved, that would eventually decrease your profits.
    Not necessarily! Have you shorted the EUR/USD in recent times?

  10. #10

    Default Re: Day trading multiple instruments

    What a fun scalping day/night it was in the US indices. It was all over the place early session.

  11. #11
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    Default Re: Day trading multiple instruments

    Quote Originally Posted by hamli View Post
    What a fun scalping day/night it was in the US indices. It was all over the place early session.
    Wasn't CL crazy!
    "Dump everything aggressively. Take the price to a place where it trades" - Michael Platt - Hedge Fund Market Wizards

  12. #12

    Default Re: Day trading multiple instruments

    Quote Originally Posted by CanOz View Post
    Wasn't CL crazy!
    Yes it was. I was a lot happier when it was down though, I will need to get into defensive mode for CL soon if it rallies another point and a half.



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