What would you do if you were me?

Discussion in 'Trading' started by Randalli, Oct 23, 2023.

  1. Randalli

    Randalli

    after-tax profits
     
    #51     Oct 24, 2023
  2. Randalli

    Randalli

    My trading strategies belong in paragraphs. The market has no obvious direction right now, so I can't make money.
    I wanted to leave, but I didn't know where to go, I didn't have enough money, and my stock returns were inconsistent.
    My only skill is "cognition", seeing things more realistically
     
    Last edited: Oct 24, 2023
    #52     Oct 24, 2023
  3. Randalli

    Randalli

    Thank you everyone for your suggestions
    I have a plan now:
    1 Learn to trade futures. There are many types of futures, giving you more opportunities to place orders.
    2. When the income from futures trading becomes stable, I will go to live in other countries.
    3. If I fail in futures trading, which proves that my skills are not reliable, I will try to find another job.
     
    #53     Oct 24, 2023
    BKR88 likes this.
  4. maxinger

    maxinger

    Welcome to futures trading.

    Now you have to consider
    swing or day trading.

    Decide Which futures to trade :
    Asian index futures
    European index futures
    US index futures
    currency futures
    Asian/European/US bonds
    copper, crude oil, gold, NG ...futures
    food / agriculture (grains, animals, rubber, palm oil ....) futures

    Also, decide which sessions to trade:
    Asian session
    European session
    US session

    Start with OUTRIGHT trading, not SPREAD trading.


    Anyway, you should be doing demo trading,
    doing PLAYBACK on the chart,
    before doing LIVE trading.

    Good luck.
     
    #54     Oct 24, 2023
    TheDawn likes this.
  5. traider

    traider

    Sell trading education
    Fake it
     
    #55     Oct 24, 2023
  6. zghorner

    zghorner

    Yea F that, I'd split. like all things easier said than done...and from a different perspective. but In 40s you only have a few decades left to get "it"...opressive gov't is enough to leave on its own so this is a no brainer

    so new plan @Randalli

    Step 1: hurry up and figure out what country you want to go to...priority #1 is much better women:men ratio. find a place that has decent taxes (in all areas), can trade the US markets without restriction, cost of living preferably cheap, etc...

    Step 2: acquire all that it would take to get there. Read the books, watch the videos, do the job, new identity, etc...lol.

    Step 3: Go there, get busy.

    Not going to be easy, it's simple to plan out but the process will be difficult, risky, stressful...
     
    #56     Oct 24, 2023
  7. Randalli

    Randalli

    I don’t do day trading, it’s very tiring and expensive.
    Can I ask you some questions?
    1 I don't know now how to find all futures names
    2 How do I know which futures are actively traded?
    3. If I don’t do intraday trading, can I ignore the real-time trading period?

    I want to use the simulated market first and trade for a month
     
    #57     Oct 24, 2023
  8. maxinger

    maxinger


    OK. So you plan to do swing trading.

    In this small world,
    There are millions of Futures to trade.
    We have to make a selection.

    Important Q :

    Which sessions do u want to trade?
    Asian?
    European?
    the US?


    Which Exchanges do u want to trade?

    Asian (eg Shanghai INE, Dalian, Hong Kong Futures Exchange, Singapore Exchange, Taiwan Exchange ....)

    European (eg Eurex, ICE Europe, EEI ....)

    US (eg CME, ICE US ....)
     
    #58     Oct 24, 2023
  9. Randalli

    Randalli

    I could go abroad and live as a tourist, or apply for a digital nomad visa.

    But the difficulty is that I need to be able to make money to pay my daily bills.
    Because I have a language barrier and I can't apply for jobs locally.

    The returns from trading stocks are too small and inconsistent
     
    #59     Oct 24, 2023
  10. Randalli

    Randalli

    I want to trade American, American freedom makes me feel safe
    Regarding trading time, I don’t do intraday trading, so trading time should have little impact on me. I only need to design the order points and stop-loss and profit-stop points.
    is that so?
     
    #60     Oct 24, 2023