Room Rules and Outline of Trade Protocol

How Tom trades

Tom announces his entries and time-stamps them. The audio alert is normally a telephone ring. A trade size of 25%, 50%, 75% and up to 100% are stated for each trade in the Traders portfolio. If a percentage on a Traders trade is not marked, it is assumed to be a 25% trade size.

A 25% trade in the Mini account = 1 futures contract, while a 25% trade in the Traders account = 4 futures contracts. Note that the Traders account holds positions overnight while the Mini account is strictly for day trading.

There is no standard stop size, so stops are posted on all trades. Profits on futures trades are generally 1 point.

The portfolios explained

TTTHedge.com trades three model portfolios, allowing our members to pick and choose trades from each.

Mini

The Mini portfolio is a day-trade only account and mostly trades e-mini futures contracts in the S&P500, Nasdaq and Dow. This account is 100% in cash each day before the market closes. The recommended minimum account size for trading the Mini account is about $25,000. Trades in this account can trade up to four e-mini contracts per trade.

Traders

Our Traders portfolio trades mostly the ES SP500 e-mini futures contracts. This account holds contracts and positions overnight, so sufficient capital to hold and draw down on up to 4 contracts is necessary. This portfolio can hold from 1 to 5 days, with most trades lasting less than one hour. The recommended account size for trading the Traders account is $60,000 if holding overnight.

IRA

Our IRA portfolio is a swing trade portfolio using mostly stocks and ETFs to seek above-market returns. This portfolio, in general, has a hold time between 1 and 30 days and is less actively traded than the Mini or Traders account. There is no recommended account size for the IRA portfolio since it is less leveraged than the Mini and Traders.

How we calculate our returns

Each day in our live trading room Tom posts his trades in an official format in the room. A transcript of these trades is available for perusal at http://ttthedge.com/category/transcript/. Our tracker (Jay) then meticulously enters each call, both entry and exit (after making sure they are achievable), into our tracking database. Gains & losses on futures are calculated against the overnight margin rates and weighted for the amount of the portfolio that the trader has committed to the trade. Gains & losses on stocks and ETFs are calculated as the price difference between the entry and exit weighted against the amount of the portfolio committed to the trade. We do not account for commissions, dividends, or compounding of returns, which would significantly improve our published results. Since each trader’s environment is unique with different account sizes, brokers, and cash flow requirements, the data we provide is sufficient to model your own hypothetical returns. View 2012 returns

How the room works

  1. Stop limits or entries will be clearly stated by the moderator
  2. All trades are subject to review
  3. Please allow for a 5-10 second time and chart delay in all fast market fills
  4. All stock and ETF trades will be at average prices in a 5 minute time space so all should get a  fair price
  5. All options trades will be done by limit order and only filled at the limit or canceled
  6. All trading verbiage will be moderated to make sure all traders and visitors know the intent of the trade
  7. We expect all traders and guests to use the private IM function if they have a comment that is not a general question
  8. Our goal is to make profits and educate! Please ask questions 24/7, this room is here for you 24/7

Remember, you are responsible for your own trades and assumption of risk. Do not take a trade if you disagree with the assumptions that the trade is based on. Watch, learn and ask questions ... that is the best way to move your trading skills forward.

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