Oh no... I know that, I was trying to compare gains earned from equities vs. futures standpoint. I already did the equities game, I didn't enjoy it. Maybe if I'm successful with futures I'll try daytrading in equities again, but until I have 25k, it's almost useless unless just doing a longer term of trading. Because it just makes me wonder why anyone even trades Equities anymore when futures.... just seem, better, to be honest. That was all.
"Because it just makes me wonder why anyone even trades Equities anymore when futures.... just seem, better, to be honest." Because people are afraid of the unknown. I put off trading futures for years because I was scared of them. Heard the stories of people blowing up. Was worried that my system for equities would not work for them. I will never trade equities again, I don't miss all the bs games on level II, the manipulation from specialist and market makers. Unable to short on a downtick, partial fills, not to mention the better tax treatment. Maybe they are not for everyone but I sure the hell love trading YM.
See,when I asked people too,about futures, the things they told me *Oh my god, you can't touch those, those are too advanced* etc.... I might have never touched them. My perception of it all was that ONLY the best, only the ones with lots of money and can accept huge risks are the ones that play with futures. That is what everyone told me. The only reason I ever found out about them is because my mentor. He introduced them to me, and what I was hearing... was literally shocking. So, I'm fortunate to learn about Futures, as I like them a lot. It's just strange that they are not as popular, like more trading platforms, more brokers, and such. Speaking of brokers. Anyone care to share what broker they use for trading futures. I have Greenstreet, and it is 3.40 r/t *will be when i start trading* I will be sticking with them, but I don't know but about 4 or 5 futures brokers specifically.
I dont like trading equities; not enough risk I do like trading options thou and I use equity charts to pick em'
i have traded quities for 15 years and will continue. the differencve is how much capital i can put in. i have 30 plus k in a futures account and i'll put no more in for the obvious reason its not insured. i have high 6 figures in several stock accounts . also who's going to put 200k in futures? thats what 400 contracts intraday. you could be wiped out on 20 ticks. futures are much rislier as the leverage is much greater. i will stills wing trade stocks as i have 7 monitors i watch. since i'm only playing the extreme moves in futures for the most part i still have time to do a few stock and option trades daily
on the ES - 3 times the daily range - that would be about more than 30 pts. or $1.500 per day per contract. that's at least what some dudes claim....
Seth, to answer your question, last few weeks I watch european markets and when they close, I move over to US ones. This is why I had no YM trades before 13:30 EST.
you rock dude!!! congrats once again to all those who play the no risk free money overnight futures long system!!! NO FEAR!
I was offline yesterday. Zero trades yesterday. Nice spike around 3PM though I noticed. let's see what today brings......