how to start futures trading (emini)

Discussion in 'Index Futures' started by kashili, May 3, 2014.

  1. No, what is YOURS?
     
    #111     May 8, 2014
  2. dbphoenix

    dbphoenix

    Just click the link.
     
    #112     May 8, 2014
  3. I don't have one. I'll be the first here to admit it.

    Sure, I look at charts, draw some lines, identify some patterns, read market sentiment and do a little fundamental analysis before every trade. But any time I win in a trade, I consider myself lucky.

    Afterall I can't see the future nor control an outcome of the future. So when a trade works in my favor, I am lucky. I try to get by being lucky more times than I am unlucky. I also can't time markets to perfection on an intraday nano-second basis. Yeah, no wonder I am not a billionnaire.
     
    #113     May 8, 2014
  4. dbphoenix

    dbphoenix

    So I take it you're not trading for a living?
     
    #114     May 8, 2014
  5. I guess you can't be too rhetorical or sarcastic here.

    Ok, I'll be straight up. Its called humility. I am a little person in a massive market with market forces that can overwhelm me. Im but a drop in the ocean.
     
    #115     May 8, 2014
  6. I am impressed if someone can have 2 point stop on the NQ and make consistent money.
     
    #116     May 8, 2014
  7. Surprise

    Surprise

    No it is irrelevant , you have a trading plan or not you are over leveraged .
     
    #117     May 8, 2014
  8. dbphoenix

    dbphoenix

    If you're referring to the earlier discussion of the NQ, it's not a stop. The trade is scratched if price doesn't do what's expected. If two successive trades are scratched, then it is highly likely that one is entering chop, so he backs off and does nothing until price starts trending again. Monday and Tuesday, for example, were particulary bleak. But Wednesday and today more than made up for the earlier bench-sitting. That's to be expected.
     
    #118     May 8, 2014
  9. dbphoenix

    dbphoenix

    I'll take that as a no. But then few people do.
     
    #119     May 8, 2014
  10. Surprise

    Surprise

    Rofl , sweet kid isnt he .
     
    #120     May 8, 2014