- Joined
- 21 November 2007
- Posts
- 154
- Reactions
- 294
First off I'm not a writer so you will have to cut me some slack on that aspect. So why am I doing this. Over the last year I have been doing it mentally very tough from things in my life outside of trading and have been struggling to reengage back into trading. One of my friends suggested maybe keeping a public blog might help me focus and get back on the horse as they say so here I am.
My background - traded stocks late 90's to early 2000's. Transferred across to spi futures from there then added xjo options about 2018 or so. 2023 did some dabbling in the DAX futures but the time of day/evening didn't really suit.
In my search for a topic I posted on here last week I read through alot of the derivatives forum and thought some was good, some was bad and some was just plain wrong. So I hope to add value here and bust some myths about the derivatives market here in Australia.
I will note entry and exits and points gained/loss but I wont be keeping track of the total profit/loss as this is not what this journal is about.
While this is not how I actually trade from day to day it is very close. I have set this up the way that I thought might provide the most benefit to the forum.
As the title suggests those are the products I will trade (xjo options, Gear etf, spi futures, overwrites with the options but not CC's. I will go into that later why that is such an inferior setup to trade.)
The core holding Gear etf is held in my smsf which is at Stake broker
All other products traded in my account at IB.
All my analysis is done on the xjo chart and I use these products to trade my view. I have about 20 years of stats I have kept on the xjo and these help with
my roadmap of where the market might/might not go. I have 2 ways of looking at our market, 1) I have found points where the market doesn't trade much ie doesn't chop around that level much and 2) seasonality of the week/month. I create what I call a line in the sand at these levels "lits" and have bullish positions when above or bearish positions when below.
Ask away with any questions don't know if I have covered it all here.
My background - traded stocks late 90's to early 2000's. Transferred across to spi futures from there then added xjo options about 2018 or so. 2023 did some dabbling in the DAX futures but the time of day/evening didn't really suit.
In my search for a topic I posted on here last week I read through alot of the derivatives forum and thought some was good, some was bad and some was just plain wrong. So I hope to add value here and bust some myths about the derivatives market here in Australia.
I will note entry and exits and points gained/loss but I wont be keeping track of the total profit/loss as this is not what this journal is about.
While this is not how I actually trade from day to day it is very close. I have set this up the way that I thought might provide the most benefit to the forum.
As the title suggests those are the products I will trade (xjo options, Gear etf, spi futures, overwrites with the options but not CC's. I will go into that later why that is such an inferior setup to trade.)
The core holding Gear etf is held in my smsf which is at Stake broker
All other products traded in my account at IB.
All my analysis is done on the xjo chart and I use these products to trade my view. I have about 20 years of stats I have kept on the xjo and these help with
my roadmap of where the market might/might not go. I have 2 ways of looking at our market, 1) I have found points where the market doesn't trade much ie doesn't chop around that level much and 2) seasonality of the week/month. I create what I call a line in the sand at these levels "lits" and have bullish positions when above or bearish positions when below.
Ask away with any questions don't know if I have covered it all here.
![](data:image/svg+xml;charset=utf-8,<svg height="100px" width="170px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="100px" width="280px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="100px" width="113px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="183px" width="100px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)