1. be aware of the volatility
2. run a paper test for at least one month
3. when you feel like "ready" to start, do not risk more than 2% of your capital in a single trade
4. always use stop
5. always use stop
The following 2 users say Thank You to cbahia for this post:
1. looking for a low commission broker. It can make a difference.
2. ready about money management
3. use stop loss
4. make a journal, plot a chart to follow up commissions, n# of trader, general cost (software, datafeed) and P/L
5. use stop loss
6. try to understand how the indicators works
7. try to choose a platform where you can be comfortable to programming, I say that because, later you may need a indicator that is not easily available.
The following user says Thank You to cbahia for this post:
I am new to trading and want to learn more. I have developed some strategies in NinjaTrader and want to start trading live soon. It all seems to work well in a simulated environment but I want to learn more before moving over to the real world.
Learning anything is all about ingesting and assimilating the fundamentals of its working -- and then the rest follows automatically. I think the same applies to trading as well.
There is a whole lot of documentation out there and I am trying to sort the wheat from the chaff at this time. I am keen on learning the underlying principles. Currently I am going by the premise that if one can enter into more winning trades than losing trades then one comes out a winner.
Been sitting in this forum for a while and not really a big poster. Like most people, I blew up a CFD account 10 years ago and a futures account 7 years ago, enough to make anyone cry. Have bought a number of reports and courses over the time which most were useless. Have been in a number of trade rooms which have been disappointing. Have been enjoying JP from JPJTrading and have been going along well. Have felt that this is the best mentor Iv'e had and JP has the experience and love for the trade which many rooms don't have as well as comaradarie and support. Wouldn't be trading the ES now without him
i have been trading stock option and futures option for the past 3 years, mainly on the sell side. Believing option trading is an amazing tool to create constant income. Blow up the account once in the past 3 years and still learning everyday! Wish to learn and share more with you all here.