I have received few emails from readers of my old blog asking about if I have given up trading SIMSCI (MSCI Singapore Free Index) futures. Here is an email from Alvin (btw, Alvin, my reply was bounced, since your email address was invalid)
came across yr interesting blog on SIMSCI trades a while back and enjoyed following it. However, you have apparently switched to trading the US e-minis and commodities. Just curious, are you giving up on the SIMSCI trades? If so, any reason why?
Ok, here is the reply. Yup, you are right, I have stopped trading SIMSCI futures. To me, it is part of my plan to move myself to another level. When I first started day trading index futures, I studied few markets to get started with. I did fancy trading US e-minis at that point of time, but my skills and my account size did not allow me to do so. I decided to start small. SIMSCI futures apparently was the smallest and simplest index futures I can get my feet wet. So , I started my 12-min chart day trading strategy on SIMSCI futures. All my trades were posted on my Better Trading Blog, so I am not going to explain that. Well, I was pretty lucky, no big draw down, instead my small trading account was up 40% (this percentage is easy to achieve with a small account , nothing fancy here), and that was during the May and June, an ugly period for Singapore stocks market traders.
I think it is time for me to move on to a bigger and volatile market. I am not sure if I will do as well , I am pretty confident and comfortable with current performance. Work is still in progress.
I might go back to SIMSCI trade when volatility and volume are significantly improved.