Anyone here actually profitable?

Discussion in 'Index Futures' started by Rutro, Apr 5, 2023.

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  1. Overnight

    Overnight

    #71     Apr 5, 2023
  2. Rutro

    Rutro

    There's more to losses than just technique. Improper reading of the market, too tight stops, wrong timing, etc. can all play a factor. I also tend to switch strategies or mix them (because I'm trying to figure out what works and test a lot) so it's not just one strategy that fails but but my overall trading ability.
     
    #72     Apr 5, 2023
  3. If you believe the markets are ordered than that means controlled which means there must be patterns that form. Overnight has touched on it in his above post.
    You mentioned you were super disciplined in your trading. I find it hard to believe you couldn't make money as this is where most fail and not in strategy imho.
     
    #73     Apr 5, 2023
  4. Rutro

    Rutro

    If one cannot tie their shoes because they are taught the wrong way to tie them, but follows instructions to the letter and does what they are told (while still failing), then this implies wrong methodology but proper discipline.

    You can be disciplined in anything and still fail. For the life of me I cannot understand why people fail at following their own setups or using proper risk management. For me, I just suffer death by 1000 cuts. Discipline and psychology have nothing to do with it. I just can't consistently read the market and take profit out of it to keep me on an upward equity curve.
     
    #74     Apr 5, 2023
    chillibean likes this.
  5. Lack of discipline as I stated above.
    This is a range bar chart of spx tell me what you see.
    Capture.PNG
     
    #75     Apr 5, 2023
  6. Rutro

    Rutro

    I can't line up the lines perfectly, but it seems that every time the oscillator goes below -100 it generates a green dot, and anytime above 100 a red dot. Not sure what the exact entry or exit signal is, but it seems like these are potential buy/sell zones that need additional information to confirm.

    Buy signals seem to be given when price begins moving upward and when it's retraced far enough, almost to a previous level of support.

    It's in a general uptrend and has made new highs. Currently stalling at highs and could potentially push them again.

    With ranges of 10 points it's got to be over the course of multiple weeks here, so this might be akin to a 4 hour or Daily chart.

    Not sure what else you are looking for. Hard to tell without additional context from other timeframes.
     
    #76     Apr 5, 2023
  7. SunTrader

    SunTrader

    SPX is cash index, not tradeable. Though maybe in the strange CFD's world.
     
    #77     Apr 5, 2023
  8. Rutro

    Rutro

    Never traded CFD. Do brokers take the opposite side of your position? You're not actually purchasing anything when you place an order with the, correct?
     
    #78     Apr 5, 2023
  9. Yep exactly so I do my analysis on the index then trade the corresponding future. Less noise cleaner chart.
    The chart is a 10 point range and has super trend on it with a cci5 down the bottom. The green and red stars are programmed but the cci5 will get you close to them. Bring this up on your computerand look at it for a bit and see what you can see.
     
    #79     Apr 5, 2023
  10. Rutro

    Rutro

    Let me do that and get back to you. Have to make dinner, will reply tomorrow. Thanks for the help so far.
     
    #80     Apr 5, 2023
    getthatintoya likes this.
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