Registered: May 2010
04-23-12 02:29 AM
Quote from southbeach4me:
anituchka, you are going to continue to lose money whether you are trading stocks or futures simply bcuz you have not developed and optimized a working strategy.
If I were you I would start looking at currency futures, the eurousd contract( 6e) and gbpusd( 6b) make some beautiful moves on 15 min and hourly timeframes on support and resistance levels(especially daily pivots). If you can't make consistent returns in that market you might as well take your money to a casino.
I didn't say I lost money. I just wasn't consistent. Overall, I made money. I just wish it was more predictable. I could make money for 2 weeks and then have a losing week which would impact my trading in the future. I thought that it is easier with stocks since they are less volatile and less institutionalized.
I stopped trading live after I had kids and recently started paper trading again after having finished Brooks' trilogy. i tested different instruments and surprisingly my best results are with with gold (GC) but I am scared to start trading live with this instrument because 3-4 losses in a row will be hard psychologically (5 points stop loss is not a joke). I tried looking at mini-gold contracts (MGC, OG, etc) but no volume there...