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Psychology and Money Management

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New to Futures, but Hitting the Wall

  #19 (permalink)

hillsborough nj
Trading Experience: Advanced
Platform: TradeStation
Broker/Data: TradeStation
Favorite Futures: emini
Posts: 28 since Sep 2018
Thanks: 9 given, 21 received

Not Easy to Make Money Intraday

You should never lose money being long stock index futures. The only excuse for losing money is not being able to stand the heat on an adverse move. That is why micros are better. Presumably, some traders can short stock indexes and make money, but that is statistically quite dubious.

I haven't looked at intraday statistics carefully, but end of day breakouts cost about 1% and then you have to sell before the almost inevitable retracement gives you a similar haircut.

I've never come across an obvious crook in this business but it is infested with greed and that warps people's thinking.

Buy low, sell high, and don't bet more than you can afford to lose.

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