New and aspiring trader - Beginners and Introductions | futures io social day trading
futures io futures trading


New and aspiring trader
Updated: Views / Replies:505 / 5
Created: by jab79 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 – 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 don’t 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
 

New and aspiring trader

  #1 (permalink)
Trading Apprentice
Oklahoma City
 
Futures Experience: Beginner
Platform: think or swim
Favorite Futures: Emini ES
 
Posts: 3 since Dec 2016
Thanks: 1 given, 0 received

New and aspiring trader

Hello everyone. I am new to the trading world and am looking at jumping into trading the s&p 500 /es. I have been paper trading for the last four or five months. When i started I had pretty decent success. I followed the news and seemed to have good success. I did real well on election night as I found a strategy that worked for me that night. I have found that the es has a way of humbling and showing someone that you know nothing. I started trading from my phone using think or swim and have opened an account with amp using multi charts. I am starting with a small account and am holding off from starting the real trading until I feel more confident. Any beginner advice would be greatly appreciated. Once I gain some skills I will certainly offer advice when I can.

Reply With Quote
 
  #2 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 302 since Nov 2011
Thanks: 76 given, 297 received

Be sure that your sim trading accurately and realistically modeled to your live trading. If you sim traded a 100k account and you are now live trading a 10k account, those are completely different ball games. There's a difference in "game trading" and real "sim trading". What trips up most novice traders is they engage in "game-style" trading. It is not realistic. This is why they think sim trading doesn't work. Sim derives from the word simulator. Simulation isn't real but strives to be as realistic as possible. You need to be honest with yourself and determine whether you were simulation trading or just playing a game. If you weren't always strict with placing stops then you might have took more heat than you realized or you might have been courting a disaster without being aware.

Sim trading needs to be long enough to give you real confidence to trade but there's no benefit to staying in the simulator too long. I'm not sure that one night of success is sufficient.

I advise always, esp with small accounts, to go with a dedicated futures broker and use the futures broker software for order execution. I know most third party programs like MC are quality programs. But, there are just too many variables when it comes to connecting to brokers or whatever. If you have a large account and lose a few thousands due to connectivity problems, it might be frustrating but if you lose it on a small account then it would be devastating.

I advise also to be aware of possible shifts in the market. It's a new year and there is a lot of potential for new market regimes.

Reply With Quote
The following user says Thank You to tpredictor for this post:
 
  #3 (permalink)
Trading Apprentice
Oklahoma City
 
Futures Experience: Beginner
Platform: think or swim
Favorite Futures: Emini ES
 
Posts: 3 since Dec 2016
Thanks: 1 given, 0 received


tpredictor, thank you for taking the time to reply to my post. I realized that i wasnt realistically trading in the manner at which I should be a week ago and have shifted it to be more realistic to what I am bringing to the table. I have found that the es is much slower over night and have been trading on that to see if I have more success.
I checked with AMP and they do not have a dedicated broker software as they are all 3rd party. Would you have any suggestions for good brokers? Thanks again tpredictor.

Reply With Quote
 
  #4 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 302 since Nov 2011
Thanks: 76 given, 297 received

I would just check reviews here. Your combination may be fine especially if you aren't placing a lot of intraday trades. But, my experience, and some others, with using third-party software hasn't been good (another broker). You should also write down your broker phone number/trade desk on a piece of paper and put it in your phone just in case you ever have any trade problems. The ES trades well overnight usually although at times there can be much higher risk due to reduced liquidity.

Reply With Quote
 
  #5 (permalink)
Trading Apprentice
Oklahoma City
 
Futures Experience: Beginner
Platform: think or swim
Favorite Futures: Emini ES
 
Posts: 3 since Dec 2016
Thanks: 1 given, 0 received

Well I took the plunge and made a point the first time I traded in a live account. It was a great feeling had adrenaline going with shaky hands. It was a rush. Thats the only win I have had so far. Every time I jump in the market turns against me lol. I have only lost $150 but realize that I need to do something different ie education. I have been watching some videos and trading in a paper account and dont plan to go live until I feel that i am more consistent with winning instead of losing. I have a small account and $150 doesnt shut me out but it does hurt a bit.

Reply With Quote
 
  #6 (permalink)
Elite Member
cork county
 
Futures Experience: Advanced
Platform: Ninjatrader / metatrader
Broker/Data: Ninjatrader
Favorite Futures: Coffee with sugar
 
traderbaker's Avatar
 
Posts: 27 since Mar 2011
Thanks: 104 given, 16 received

you need to learn about supply and demand , support and resistance levels and price action and integrate them all. then you need a trading plan that defines under what circumstances you will enter, when you will exit 1:1 ? 3:1? when you will just sit on your hands and dont trade at all and i agree with everything tpredictor said on the sim trading.

good luck

"A man decides after seventy years that what he goes there for, is to unlock the door - while those around him criticize and sleep"

Seal
Reply With Quote

Reply



futures io > > > > New and aspiring trader

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Opening Breakouts and Reversals w/Al Brooks

Elite only
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TopStep Trader University College of Trader Development (TSTU CTD) BeansTwoNiner Trading Reviews and Vendors 17 February 1st, 2017 03:30 PM
day trader vs. hedge fund manager (trader) jefreunde74 Beginners and Introductions 2 July 10th, 2014 12:04 PM
Godmode Trader: DAX Knockout Trader - Rocco Gräfe podski Trading Reviews and Vendors 4 October 22nd, 2013 08:27 AM
Aspiring Trader.........from Boston nspatel Beginners and Introductions 4 June 15th, 2012 02:44 AM
Credit Suisse makes life a little harder for aspiring rogue traders kbit News and Current Events 0 December 15th, 2011 07:45 PM


All times are GMT -4. The time now is 05:55 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 2017-10-17 in 0.10 seconds with 19 queries on phoenix via your IP 54.224.203.224