stupidtrader journey to riches

Discussion in 'Journals' started by stupidtrader, Sep 29, 2024.

  1. p0box4

    p0box4

    #71     Sep 30, 2024
    stupidtrader likes this.
  2. I want to live in USA, better pay and cheaper stuff
     
    #72     Sep 30, 2024
  3. Ok, thank you
     
    #73     Sep 30, 2024
  4. p0box4

    p0box4

    Correction, apparently you do NOT need a TradingView subscription to connect to a broker, you so have to buy the CQG data through AMP.

    If you plan on trading indices like ES and NQ only you don't need the bundle, you need the CME/Globex data which is $13 for level 2 and $3 for level 1.
     
    #74     Sep 30, 2024
  5. ironchef

    ironchef

    No offense, you need to go back and refresh your high school arithmetics before you start trading.

    100% a year compound for three years is 8. If you start with $1K, at the end or year 3 you will have $8K. You can't retire with that. At a minimum you need $125K to start so at the end of year 3 you have $1M Canadian.

    You sounded like a twenty something and if you already have $125 K saved, you won't be looking to get rich quick trading futures.
     
    #75     Sep 30, 2024
    taowave likes this.
  6. its getting complicated and confusing really fast, will need to research all this CQG level1 level2.
     
    #76     Sep 30, 2024
  7. ironchef

    ironchef

    No one is stopping you considering so many from all over the world simply cross the boarder. It is much easier coming down from the North instead of coming up from the south.

    Even Trump is not complaining about people coming from the north.
     
    #77     Sep 30, 2024
  8. Yes i will need to come up with 125k ,if 5k experiment is successful and i feel confident
     
    #78     Sep 30, 2024
    ironchef likes this.
  9. p0box4

    p0box4

    https://www.ampfutures.com/trading-info/exchange-data-fees

    CQG is just the data provider and level 2 means you have access to the depth of the order book, level 1 data only shows the order book depth for best bid and offer.
     
    #79     Sep 30, 2024
    stupidtrader likes this.
  10. Yeah i am stupid , but not that stupid
     
    #80     Sep 30, 2024
    ironchef likes this.