Is my strategy viable? - Beginners and Introductions | futures io social day trading
futures io futures trading


Is my strategy viable?
Updated: Views / Replies:407 / 2
Created: by ashfsderse Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Is my strategy viable?

  #1 (permalink)
Elite Member
Duluth, georgia united states
 
Futures Experience: Beginner
Platform: NT7
Favorite Futures: emini ES
 
Posts: 70 since Apr 2016
Thanks: 10 given, 52 received

Is my strategy viable?

So after a bit of time paper trading based on indicators and complicated ideas i have found no strategy that has been profitable for more than a week haha.
As a change i have just scraped everything and just traded with 3 time frames and nothing else. I try to catch the middle section of big moves by looking at highs and lows and predicting direction. After a few days of being too greedy at times and too conservative other times. I noticed a goal of 8 to 16 ticks a day is what ive been getting. I trade only mon to fri 9:30 to 11:30 est and call it a day early when i hit my goal of 8 to 16 ticks. Ive been doing okay on sim for the past 2 and a half weeks now, but i can not tell if im just getting lucky or if im actually begining to see price clearly with my chart naked and strategy simple. I would love some constructive criticism thanks all.

Im also planning on attempting the 50k combine at tst and am worried i may fail due to their strict risk management should i scale my position down from 5 and just make smaller profits to add a cushion for any bad days i may have? Also should i learn how yo scale into trades and ride trends or is that a more advanced strategy i should learn later.


Last edited by ashfsderse; May 15th, 2016 at 05:03 PM.
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Buenos Aires Argentina
 
Futures Experience: Advanced
Platform: NT, MT4, Sierra
Favorite Futures: S&P, Bonds, Crude, FX
 
Posts: 250 since Sep 2014
Thanks: 37 given, 239 received


I notice there is almost no mention of risk management in your above statements, and I recommend you build from the ground up any strategy by putting primacy on the risk management.

Statistically, you can take almost a 50/50 system and get it to at least be profitable over the long run with solid risk management. Conversely, you can take a 90% accurate system and run it into the ground with poor risk management.

Your goal should be to get so good at risk management that, at least as a day trader, your position is no worse than break even when it's all said and done.

Reply With Quote

Reply



futures io > > > > Is my strategy viable?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Will NT8 be a viable trading platform for long term automated strategies? kraze Elite Automated NinjaTrader Trading 7 June 22nd, 2015 03:36 PM
is TH stll a viable platform? inwisc Traders Hideout 2 January 19th, 2015 01:41 PM
Viable ways to leave office job to become a trader TexasPlunger Beginners and Introductions 9 November 8th, 2014 01:01 PM
Quora: Investing: Is it still viable to buy Bitcoins right now? shodson Cryptocurrency Trading 0 January 28th, 2014 03:58 PM
Utility To Transpose Optimized Strategy Values From Excel Output to Actual Strategy mercuryfx NinjaTrader 5 April 7th, 2012 04:59 PM


All times are GMT -4. The time now is 08:31 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.07 seconds with 19 queries on phoenix via your IP 54.234.247.118