This is my first post here......I am trading YM from last 2 years. At the beaning I blew up my account a couple times and lost enough money.
You believe it or not trading is a risky business and that involves a great deal of discretion and skill. Some of the skills are required to trade successfully like accurate market analysis, correct execution, emotional control,discipline, consistency, and good money management plan. In addition, there are times when any method, even when executed correctly, will result in a loss.
Anyway, hope to learn some stuff here and interact with other traders.
Broker/Data: Cannon Trading Company / Ninja Trader/Rithmic, E-Futures trading platform
Favorite Futures: Gold and Crude Oil
Posts: 46 since Dec 2013
Thanks: 17 given,
I definitely get. I've been trading gold and crude oil for the past four years. Setting a daily loss limit and profit target for the day and sticking to those parameters are key. I've learned the hard way and it's definitely easier said than done.