I'm back. Hopefully better and more realistic.

Discussion in 'Journals' started by farmerjohn1324, Mar 5, 2021.

  1. easymon1

    easymon1

    What currency and futures products have you already traded since your first trade?
    What year was your first trade?
     
    #91     Mar 11, 2021
  2. My first highly leveraged trade involving a significant amount of money was 2019.

    I've already done leveraged ETFs, commodity futures, options spreads (involving little money), major currency pairs.
     
    #92     Mar 11, 2021
  3. easymon1

    easymon1

    If you Knew that you were going to take a futures trade
    that had current margin requirements of max $1800 USD per contract.
    No reason to tell us online, but would you have a way to come up with a number for
    How many contracts max would you feel good about stepping into?
    Do it now. Write it down where you can find it later.
    At $5 per tick, How many ticks would you be prepared to stop out with if the trade went against you?
    Do it now. Write it down where you can find it later.
     
    #93     Mar 11, 2021
  4. Right now...

    3 contracts (total $5,400).
    I'd be prepared to lose it all. So 1080 ticks.
     
    #94     Mar 11, 2021
  5. easymon1

    easymon1

    Are you in any trades now?
     
    #95     Mar 11, 2021
  6. Yes.

    EUR/USD and USD/CHF
     
    #96     Mar 11, 2021
  7. easymon1

    easymon1

    How do you decide when it's time to exit a trade?
     
    #97     Mar 11, 2021
  8. When I get a margin call I can't afford

    Hahaha

    Wish I was joking.

    But if I ever was winning... I would eyeball it based on the range I predicted it going to.
     
    #98     Mar 11, 2021
  9. easymon1

    easymon1

    are those currency trades forex or futures?
     
    #99     Mar 11, 2021
  10. Forex. I use IG. Max leverage 50:1, fully licensed in USA.
     
    #100     Mar 11, 2021