I truly want to thank all of you that sent feedback regarding the site and its content. it was very clear that a majority of feedback was suggested in the following areas:
1. The ability to post individual equity alerts using the setups.
2. Equal transparency of results for non-clients.
3. Overall improvement in site naviation and store-front.
4. More consistent use of Twitter to communicate updates.
As the holidays approach, so does the drop in market volatility. This will give the TWC team the opportunity to implement your suggestions. We are fully on board with your ideas and anticipate turning the switch on the new site and blog starting January 4th.
Here is a summary of the changes to be implemented:
Fresh Look to the Site
We could not agree more! (at least for our U.S. customer base). We are traders...not html programmers. The unanticipated burden of this type of relentless programming was unexpected. A more user friendly platform will be in place to allow a more professional look and abiliy to update our site with greater latency. The partnerships intent was to create a data center with transparent trading data without the marketing bias we see on other trading sites. We will not compromise our principles that many traders are subjected to. Our China audience is more accustomed to a more data-intensive site content. We believe our changes will provide good balance of timely content and transparency with a fresh look.
More Frequent Blog Updates
Speaking with several traders at the Traders Expo in Las Vegas, they convinced us to go 'all-in' with our blog. Starting in January, the blog include a more detailed perspective on specific trades and the psychology (and setup of course) behind them. This added commentary will be a valuable complement to our new results summary data found on the site.
Transparent Trading Results and Reports
Trading results will now include an updated sheet with all trading activity performed by TWC. Also posted will be our monthly risk summary reports that summarize all our benchmarks and key performance indicators....all posted right on the performance link of the site. Snapshot tutorials will also complement the trading data on setups that classicly represent our risk philosophy.
Small Account Content
One of the most frequent questions we receive is 'can I achieve similar results with a small contract'? Of course the answer is yes. While there are much greater economies of scale regarding trading expenses, in the end a point is a point and a tick is a tick. TWC will post the results using a fresh live account starting with a $10,000 account balance. All the pain and glory of trading 1 and 2 lots will be exposed for your reading pleasure. Many of our trade snapshots will come from trades generated off the 10k account. A current balance tally, that includes debits from account fees, commissions and data feeds, will accompany all updates.
Derrivatives
TWC is very engaged in the derrivatives trading markets. Why? There is tremendous value in some of the binary and spread opportunities using the traditional S&P futures. It also keeps us connected to the small account holders who can consider joining us in the future. TWC believes this arena is the next frontier in futures trading and will start to introduce our consulting work and opportunites in this fascinating market.
Affiliate Program
Simply put..we think we screwed up! We'll, maybe that's a bit much, but we certainly didn't place the effort into this program as originally intented. (Great trading markets will do that to you!). Look for a greater presence and eligibility into our affiliate program. The doors will open for non-partners as well.
We would like to wish our U.S. and Chinese audience a safe and happy holiday season. As you can see, TWC Futures Group, LLP will not be resting much during this time in order to provide the content and services you requested delivered to you in a realtime and transparent fashion.
Michael Toma, CRM
Dir. Risk Management
TWC Futures Group, LLP
Friday, December 11, 2009
Futures Update: December 11, 2009
What a week in the e-mini pits! As a professional trader, I normally contain my emotions based on good or bad results. The objective we teach is to implement a risk pla with flawless precision. Outcome is not the benchmark of success or failure. When you work in a dynamic environment, you are subject to swings and trends that at times test the boundaries of statistical probability. This week certainly qualifies as such.
Results this week: 17-3, 85% (vs 63% benchmark) with a +17.00 ES point result based on one contract. Multiple contract trader average of 1.5 contracts (per two contract lots) averaged 29.25 points.
The markets are flowing extremely nicely during this rollover week, particularly in the market profile range. Classic setup #2 has also brought much better than average results week to date.
Strategy: We go into protect-the-green mode today as we head into the weekend. As we head into the holiday trading season, focus turns to corporate development and a new fresh look to the site and blog content. Next post will provide better details.
Congratulations for all that exceeded their goals using the TWC setups this week.
Results this week: 17-3, 85% (vs 63% benchmark) with a +17.00 ES point result based on one contract. Multiple contract trader average of 1.5 contracts (per two contract lots) averaged 29.25 points.
The markets are flowing extremely nicely during this rollover week, particularly in the market profile range. Classic setup #2 has also brought much better than average results week to date.
Strategy: We go into protect-the-green mode today as we head into the weekend. As we head into the holiday trading season, focus turns to corporate development and a new fresh look to the site and blog content. Next post will provide better details.
Congratulations for all that exceeded their goals using the TWC setups this week.
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