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Learning to Start
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Learning to Start

  #1 (permalink)
Trading Apprentice
Shelton, Washington
 
Futures Experience: None
Platform: Yet to be determined.
Favorite Futures: Stock, methinks.
 
Posts: 21 since Oct 2014
Thanks: 0 given, 0 received

Learning to Start

Hello. I am a thirty-six-year-old gentleman who has aspergers, and, worse, executive function disorder (EFD). I am currently jobless, and without savings, but trying to learn something that suits me. I have immense intelligence, dare I say, despite my mental limitations, and believe trading (in some form) would fit.

Specifically, I think I have the mental mindset for high-volatility trading. Daytrading, and trading in general, if I understand correct, is mainly about having the discipline to enter and exit when you're supposed to, despite the noise, and I think I can do that.

I don't have an idea of what specific specialty I want to get into, but I pretty much want the highest margin of profit possible, with the hedge of how much time and energy is required. I think I'm leaning towards some sort of high-frequency trading, but am open to input, here.

I wager I can handle valleys, just as long as I know what to expect of them, and what to do, or not do, when they happen. Momentum trading doesn't bother me, especially, given you can predict the length of swing consistently enough.

So, steering the issue of funds aside for the moment, given what I've said, where ought I focus?

PS: What does "ES" stand for? Evening star charts, or something?


Last edited by Noitartst; October 24th, 2014 at 04:38 PM.
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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Noitartst View Post
PS: What does "ES" stand for? Evening star charts, or something?

Emini S&P500 futures contract

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contract_specifications.html

Mike

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  #4 (permalink)
Trading Apprentice
Shelton, Washington
 
Futures Experience: None
Platform: Yet to be determined.
Favorite Futures: Stock, methinks.
 
Posts: 21 since Oct 2014
Thanks: 0 given, 0 received

Thankee, Administrator.

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  #5 (permalink)
Elite Member
Valdosta, GA. U.S.A
 
Futures Experience: Advanced
Platform: Sierra ,NT, TOS
Favorite Futures: 6E, 6J, CL, GC
 
Posts: 480 since Sep 2010
Thanks: 1,825 given, 466 received


Noitartst View Post
Hello. I am a thirty-six-year-old gentleman who has aspergers, and, worse, executive function disorder (EFD). I am currently jobless, and without savings, but trying to learn something that suits me. I have immense intelligence, dare I say, despite my mental limitations, and believe trading (in some form) would fit.

Specifically, I think I have the mental mindset for high-volatility trading. Daytrading, and trading in general, if I understand correct, is mainly about having the discipline to enter and exit when you're supposed to, despite the noise, and I think I can do that.

I don't have an idea of what specific specialty I want to get into, but I pretty much want the highest margin of profit possible, with the hedge of how much time and energy is required. I think I'm leaning towards some sort of high-frequency trading, but am open to input, here.

I wager I can handle valleys, just as long as I know what to expect of them, and what to do, or not do, when they happen. Momentum trading doesn't bother me, especially, given you can predict the length of swing consistently enough.

So, steering the issue of funds aside for the moment, given what I've said, where ought I focus?

PS: What does "ES" stand for? Evening star charts, or something?

hello Noitartst....based on the Factors you posted about your current status i would Recommend the following:

Open a Demo Account and Check out some of the Futures Contracts since you Mentioned Leverage.

Get yourself up to Speed on the Markets you would like to Trade.

Based on the Demo/Practice Account Performance, and what you will learn from Trading in that Environment then-
Open the Live Account and Start Trading ES with 1 Contract, as this is Very Liquid Market, and Generally does not move as Many Ticks , as other Volatile Futures Contracts....but i will have to say that there have been Larger Moves in this Contract lately.

If you do Not have the Funds to Open your own Live Account when you are ready, based on what you have Learned in the Demo Account, then try the following:
-TopStepTrader.....you may actually be able to get Funded Live.

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  #6 (permalink)
Trading Apprentice
Shelton, Washington
 
Futures Experience: None
Platform: Yet to be determined.
Favorite Futures: Stock, methinks.
 
Posts: 21 since Oct 2014
Thanks: 0 given, 0 received

For Futures Contracts, what kind of style are they conducive to? From what I've read so far, I know not what style of trader I am, yet, but I definitely possess a more systemic, than discretionary, mindset. I'm willing to trust probabilities, and leave it at that, which I think will make it easier for me breaking in. As to which style I ought best to plug it into, I know not, though,
out of the five styles, its pretty clear I'm not a scalper, but that leaves four. Which one do I sound like?

As to opening a demo account, I don't think I'm there, yet.

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  #7 (permalink)
Elite Member
Valdosta, GA. U.S.A
 
Futures Experience: Advanced
Platform: Sierra ,NT, TOS
Favorite Futures: 6E, 6J, CL, GC
 
Posts: 480 since Sep 2010
Thanks: 1,825 given, 466 received

FUTURE CONTRACTS


Noitartst View Post
For Futures Contracts, what kind of style are they conducive to? From what I've read so far, I know not what style of trader I am, yet, but I definitely possess a more systemic, than discretionary, mindset. I'm willing to trust probabilities, and leave it at that, which I think will make it easier for me breaking in. As to which style I ought best to plug it into, I know not, though,
out of the five styles, its pretty clear I'm not a scalper, but that leaves four. Which one do I sound like?

As to opening a demo account, I don't think I'm there, yet.

Although Futures/Commodities/Derivatives are High Risk Vehicle's to Trade, they are a very popular way to make a
profit from a Transaction between Buyer and Seller of any Traded Instrument.
The Idea is to Buy low and Sell High or Sell High and then Buy back at a Lower Price...basically it does not matter if the
market is moving Higher or Lower....but it does matter that you have Entered the Market in the Right Direction to
Achieve the Profit....you can choose to make money in Either Direction the Market decides to move, as long as you Enter in that Direction...basically you are Trading with a Trend whether it be for a very short period of time, or longer term...it's up to you.
So you seem like a Position Trader...based on what you have posted...so that would be your Style if that fits your Personality, and your Tolerance for Draw down.
As far as a Demo Account is Concerned...they are Free to Open, and will not cost you anything, or there will not be any Obligation to actually Open a Live Account if you do not want to.
So i would Suggest to Open one so as to Explore all of the Aspects of learning to Design your System to Trade the Instrument of your choosing...and that can be Decided by Demo Trading any of the Futures you want to learn more about...basically the Demo Account is your Laboratory to try what works for you without going Bankrupt before you Venture in to Live Trading.
If you are Truely interested in learning more about Futures you can continue to Explore this website we are members of, and read as much as you can on Futures to see if they would be Right for you to Pursue.
From your posts it seems they would fit you, but not before testing the waters with a Demo Account , and much more Research, so as for you to know what you are getting into.


Last edited by sandptrader; October 25th, 2014 at 08:36 PM.
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  #8 (permalink)
Trading Apprentice
Shelton, Washington
 
Futures Experience: None
Platform: Yet to be determined.
Favorite Futures: Stock, methinks.
 
Posts: 21 since Oct 2014
Thanks: 0 given, 0 received

Positions trader...I agree with you, but I do not have the deep pockets for it, at present, though you're right...I probably do have the aptitude for it.

Futures trading sounds pretty position to me, so I don't think that'll fit my current situation, either. Looks like I'll need to go either day, or swing.

Hm...swing seems to want greater startup than day, too, and I can't really diversify at this time. I don't think I'll mind sitting at a screen a couple of hours, daily. As I'm of a systems bent, I think I can allow the weight of probabilities to work themselves out, sans undue emotional stress.

Thoughts?

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  #9 (permalink)
Elite Member
Valdosta, GA. U.S.A
 
Futures Experience: Advanced
Platform: Sierra ,NT, TOS
Favorite Futures: 6E, 6J, CL, GC
 
Posts: 480 since Sep 2010
Thanks: 1,825 given, 466 received

Alright lets get started setting you up


Noitartst View Post
Positions trader...I agree with you, but I do not have the deep pockets for it, at present, though you're right...I probably do have the aptitude for it.

Futures trading sounds pretty position to me, so I don't think that'll fit my current situation, either. Looks like I'll need to go either day, or swing.

Hm...swing seems to want greater startup than day, too, and I can't really diversify at this time. I don't think I'll mind sitting at a screen a couple of hours, daily. As I'm of a systems bent, I think I can allow the weight of probabilities to work themselves out, sans undue emotional stress.

Thoughts?

Alright let's try the Day Trader Style...it seems you are pointing toward that Style.
First you Really need to Open that Demo Account, and get it set up with your Charts...and you need to learn the Platform.
Check out what Platforms you may like to try with a Demo Account...there are many for Futures Trading.
Start Designing your System and Trade for those 2-3 hours in the morning on the Demo Account, and see how
you do.
You will most likely spend time just learning the Platform once you Decide on which one you want to use.

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  #10 (permalink)
Trading Apprentice
Shelton, Washington
 
Futures Experience: None
Platform: Yet to be determined.
Favorite Futures: Stock, methinks.
 
Posts: 21 since Oct 2014
Thanks: 0 given, 0 received



sandptrader View Post
Alright let's try the Day Trader Style...it seems you are pointing toward that Style.
First you Really need to Open that Demo Account, and get it set up with your Charts...and you need to learn the Platform.
Check out what Platforms you may like to try with a Demo Account...there are many for Futures Trading.
Start Designing your System and Trade for those 2-3 hours in the morning on the Demo Account, and see how
you do.
You will most likely spend time just learning the Platform once you Decide on which one you want to use.

Hm. I'll try to find Demo Account on the site. Are there any tutorials? Also, are there any Day Trade faqs and the like to read, here?

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