Failed futures traders switching to equities

I'm not new here. I usually don't make it to posts with any real content since there is so much crap to sift through. Postcount >1000 means either you have a lot of insight into trading related subjects or you you like making useless posts and don't really trade, for 80% here its the latter.

 

Nice post! I trade only futures, it is nice to hear from someone with experience on both sides.

 

So many advantages, why?

Herded like lambs to the slaughter

 

Very true, I do everything in my power to end every day flat, I am a pure daytrader. There are times that things do not go as planned and I take home some positions, in that case I try to hedge with SPYs but that is nothing more than a dirty bandaid really.

For me, I equate taking home stock positions as gambling (please, no flames from the millions of you that are about to say you make a ton doing that). That is a nice part about futures that you can have stops working all night, that clearly helps manage risk. I am all about playing the intraday odds - pure daytrading if you will - and taking what the market gives me, just try to capture my piece every day.

 

Nice spin, I often view globex moves as stop hunts

 

I successfully traded equities for years that welcomed me in the morning with 10%+ gains because of criminal activity or just plain stupidity of the part of the managers. Most often with technical analysis my positions were in the right direction before the breaking of news. This must be a new and unusual concept.

 

agree 100% NazSpaz.

btw, that was me who said trading futures is a jungle whereas trading stocks is like finding hidden money in the corner.

i think profitble traders, no matter what the instrument or timeframe, have found the right vehicle that matches their personality and capitalization (risk mgmnt). for me, it's futures. i play stocks mostly for the long-term now, and i much prefer ES as my daytrading vehicle.

 

That's because real market players give no respect to your MA's, stoch, fibo-snatchy, wave theory or any other junk on your chart.

I *rarely* get faded on ES. If I'm stopped it usually goes well against me & I"m grateful I only risked 2-4 points / contract.

I see stop hunting A LOT in the grains, especially soybeans. Yeah, it trades GLOBEX< so I guess you have a point. Point taken.

 

No you got it the wrong way around. I fade my globex entries where retail most often place their stops.

I'm PA to bro

 

Now that's a quote from someone who actually trades.

I hope you people who are saying "it can't be done" are taking notes ... eventually you will figure-out why what he is saying is true (give it five years ...).