Hello everyone. Before I start, to anyone who is interested in trading futures but has not started yet, PLEASE JUST DON'T, I'm saving you a lot of trouble and a lot of miserable days. From how I view it futures trading is worse than gambling addiction. At the casinos the player has a "REALLY HIGH" 49% winning probability! With futures 99% of people lose. Only 1% win, and probably less survive in the long term. Also, once you realize that you can make $5000 in 5 minutes "IF" you make the right mouse clicks, your brain changes and it will become almost impossible for you to go back to normal life and be happy with a $100 paycheck for 9 hours of work. ---- About me: I'm 36 currently, I was lucky in my early 20s, had a good business, but I started trading futures and lost literally everything in the course of 5-6 years... business, house, car, girlfriend, friends, family, literally everything. And I even tried to kill myself a few times. I had to quit but I just couldn't. My only options for quitting were: 1. Death 2. Temporary quitting when I had no more money to trade with. It was just an infinite loop. Then I came to the conclusion that I wouldn't be able to quit this addiction until the day I die. So for me, in order to live a normal life I had to find a way to coop with it. And that meant that I had to become good enough at it to at least not lose from trading. And here I am, now I've been trading quite ok for about 2 years. Since September 2022 I have only lost 5 months out of 25. Never lost 2 months in a row. So after many years of suffering I'm finally doing ok. ---- For the journal I'm thinking about posting my entries/exits in real time here then do a recap everyday. Some days I do up to 20 trades so it may make the thread look a bit spammy, hopefully not too much. About my trading: - I only do futures, mostly NASDAQ, S&P, CrudeOil and Gold. - I have two trading styles, sometimes I enter for a short day trade, sometimes I enter for a swing trade where I could hold the position for a few days, I will be mentioning everything in my posts. - Even if I'm able to enter 4 Mini-Nasdaq contracts, I only enter 1(Never use 100% of your leverage, it really hurts your mentality). From how I view it, a trader with less than $50,000 should only trade with micro contracts. I rarely add positions when price goes the other way, but sometimes I do (MAX 1 time, same size of initial entry). - For oil, gold, S&P I sometimes enter 2 contracts from the beginning.
do you have a edge? i am asking not because i want it but because it sounds like you are still gambling? i mean if you made 5000 in 5 min - how did you do that? if it was a edge then that's good if it was gambling then that might be questionable... behavior
Translation: "I am addicted to gambling on futures, since I can't quit let me drag you with me to a never ending routine of watching numbers on a screen in order to feed my greed" At least he did something nice, he didn't post any TA bullshit. If you are serious about what you described, self harming and suicide is not a topic for a public forum, you need professional help. Not fake likes from day trading degenerates.
yea i wish him the best also i seen people be lucky for 20 years and then go broke wondering what happened. just wondering if he thinks he now has a solid trading plan as opposed to gambling.
Hi Mark, That $5000 in 5 min was more than 10 years ago when I knew nothing, and I went in 10 contracts and Nasdaq jumped 20 points. That was definitely gambling. I used to make some good runs for a few days then always ended up blowing up my account by not taking a loss or keep adding contracts to existing position. I definitely have an edge over the past versions of myself now. Since I don't blow up my account anymore. You could make $1000 for 10 days consecutive but if you lose it all the next day then something's still very wrong. Anyways here's screenshot of my earning since July 1st. About $185,823.40 after fees. I don't like uploading screenshots since people are gonna say they are fake. So here I will be posting my entries and exits in real time for everyone to see so everything will be transparent.
September 2022 is about when the Bear Market ended and I would venture to guess most futures traders have a long bias. Coincidence? LOL