A couple of thoughts (1) Stops: Your stop level should take into account your average drawdown per trade. In turn, you may want to have a...
Always produces the best trades :D
I think in any system you may have higher probability trades where if you increase size you will make more money. Increasing size in those...
I personally think it is best to have no expectations in regards to your returns. It works for many, but to have profit targets or return...
I have always wondered why we get people from time to time on ET that have to warn people against the "dangers of trading". Why do they care?...
First point, trading futures has nothing to do with investing. So, in my view, talking about % returns and comparing that to investing is way off...
You would either want to trade prop or have a grubstake of $100k min before contemplating giving it a go full-time. However, I also believe if...
I don't look at % returns on futures. I personally think that is unimportant. To me it is all about making consistent monetary risk adjusted...
I don't agree with a word you say. What you say may be true to some, but it is really a psychological issue. Part of the challenge once...
I have met very few successful indicator based intraday traders of futures. However, I know many price based successful intraday traders. The...
The learning curve I went through in trading, which I believe has helped me is as follows: stocks, options then futures. Futures is without a...
When I started daytrading futures I was purely a trend reversal trader or fader. I would write down the high and low for the first hour. And...
I agree with everything you say. Trading both approaches probably works best. However, you should have a lot of capital and different accounts...
I couldn't agree more. I think IF, and it is a big if, you are a consistently successful intraday trader you will grow capital much faster than...
Hi Gary, I was thinking about the way you trade and one of the reasons I think you are successful is you have some of the fundamentals right....
Hi Nick, Thanks for the information. It was also interesting to read how the pivots work on the EC as well. I personally feel any good...
Not necessarily. If most do not achieve their goals and then stop trading, but are replaced by more new traders that doesn't affect liquidity....
Ahh, but does the volume suggest whether they actually profit? Second point, have you ever traded the ES? Third point, anything that...
It sure is. Although, I think if you get good at it, which takes many years, it becomes the easiest way to make money. IF you make it through...
I only trade the ES. But, do you find the pivots work as well on the European indices like the Dax and FTSE as they do with the US indices? Is...
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