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Futures is not for swing trading
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Futures is not for swing trading

  #1 (permalink)
Trading for Fun
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Futures is not for swing trading

Hi, I've been learning about futures but, the more l look into it, the more I feel that it's geared towards day traders and not swing or position traders.

If my perception is wrong I'd love for some of the more experienced forum members to enlighten me and other newbies.

My inclination is towards futures as l like the leverage and the fact that the exchange is regulated. However, I live in London and, due to working a 9-5 job, cannot day trade. Therefore my preference is to swing or position trade and I'm not sure if futures offers this option.

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  #2 (permalink)
Elite Member
Portland, OR
 
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Massive l's Avatar
 
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It's absolutely for swing traders if you have the capital and experience.

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  #3 (permalink)
Trading for Fun
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Massive l View Post
It's absolutely for swing traders if you have the capital and experience.

Thanks for the reply. Maybe I phrased it incorrectly. What I meant was that if you want to get decent percentage returns trading futures then you need to day trade.

Especially so if you have a small account. For example a $10,000 account which you are using to trade e-mini forex futures.

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  #4 (permalink)
Elite Member
Portland, OR
 
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Massive l's Avatar
 
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kazz View Post
Thanks for the reply. Maybe I phrased it incorrectly. What I meant was that if you want to get decent percentage returns trading futures then you need to day trade.

Especially so if you have a small account. For example a $10,000 account which you are using to trade e-mini forex futures.

I get it. You have to think that most people lose trading though...

I never really think about decent percentage returns. The game is hard enough. Thinking about finding the best returns is almost pointless.

your ideas on how to make money in futures evolves as you gain experience. Don't define yourself by a style of trading. Try to develop any strategy that has a positive expectancy.

You may find that it's a "swing strategy" or you may find it's a "day trader strategy."


Last edited by Massive l; November 30th, 2018 at 04:57 PM.
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  #5 (permalink)
Market Wizard
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kazz View Post
Hi, I've been learning about futures but, the more l look into it, the more I feel that it's geared towards day traders and not swing or position traders.

If my perception is wrong I'd love for some of the more experienced forum members to enlighten me and other newbies.

My inclination is towards futures as l like the leverage and the fact that the exchange is regulated. However, I live in London and, due to working a 9-5 job, cannot day trade. Therefore my preference is to swing or position trade and I'm not sure if futures offers this option.

London is 4 hours ahead of NY you would be able to trade after the lunch break, depending when you get home for work, some days there is decent volume after lunch and some days it is horrible. Also could look into trading the Asian session

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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  #6 (permalink)
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Massive l's Avatar
 
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trade /m6e (micro euro). easier to learn how to swing futures using an instrument with $1.25/tick

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  #7 (permalink)
Trading for Fun
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Massive l View Post
I get it. You have to think that most people lose trading though...

I never really think about decent percentage returns. The game is hard enough. Thinking about finding the best returns is almost pointless.

your ideas on how to make money in futures evolves as you gain experience. Don't define yourself by a style of trading. Try to develop any strategy that has a positive expectancy.

You may find that it's a "swing strategy" or you may find it's a "day trader strategy."

Thanks massive. I really appreciate you taking time out to answer my questions. It's people like you that make this forum such a great place.

I understand your point on expectancy. However, would you agree that it is easier to make more money on a small futures trading account than it is on a larger one?

For example, if one has a $10,000 account, then would they not have an easier time making say a $100 a day day trading than $100 a day swing trading?

Simply because they get many more opportunities or setups day trading than they would swing trading?

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  #8 (permalink)
Trading for Fun
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MiniP View Post
London is 4 hours ahead of NY you would be able to trade after the lunch break, depending when you get home for work, some days there is decent volume after lunch and some days it is horrible. Also could look into trading the Asian session

-P

Thanks @MiniP. London is actually 5 hours ahead of New York at the moment as we are on winter time now.

After getting back from work, the earliest that I could start trading would be about 8 p.m. London time. This equates to 3 p.m. New York time.

From my understanding there is much more liquidity earlier in the New York session so this may not be a good time to day trade?

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  #9 (permalink)
Market Wizard
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kazz View Post
Thanks @MiniP. London is actually 5 hours ahead of New York at the moment as we are on winter time now.

After getting back from work, the earliest that I could start trading would be about 8 p.m. London time. This equates to 3 p.m. New York time.

From my understanding there is much more liquidity earlier in the New York session so this may not be a good time to day trade?

the NQ just made a 50 pt move at the time slot that would work for you. 1 contract would = $1000 for that size move.
This isn't always the case but there is money to be made.


-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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  #10 (permalink)
Trading for Fun
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Thanks: 65 given, 22 received



Massive l View Post
trade /m6e (micro euro). easier to learn how to swing futures using an instrument with $1.25/tick

Thanks @Massive I. This is the instrument that I have been looking at to swing trade. From what I understand, there are only a very few micro currency futures worth trading as liquidity is poor in most of them. M6E is one that can be traded.

If I was to trade this particular future, how often would setups occur on a swing trading basis? I suspect that there would not be many. Is this not the reason why most people prefer to day trade?

Apologies for all the questions, I am just trying to understand what is the best way forward for me in this futures market.

In other words, they get many more setups occurring on se an hourly charge then they would on say a daily or weekly chart?

Sent using the futures.io mobile app

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