Hi, can I use this skills with Futures?

Hi, yea sorry for asking this but I am very tire searching to learn strategies, DTA wants 5k, a lot of scams, book in kindle. I am not looking for a miracle winning strategy, I understand risk factors and all the basic of futures, ticks., most of the indicators. I earn some money on ninjatrader replay market, but I am not constant, I end up losing money(100-200) and pay commission. I just need a base so I can build my style. I have a full license of Ninjatrader, elite membership here. Any recommendation, books, video, PDF. I am about to retire from the army after 20 years and I am 36, I have a couple injuries so I can't do heavy work and I love trading. I appreciate the help.

Well spend 10,000 hours watching a trading screen and you will have spent 10,000 hours. Spend some time with those who can explain what is going on and you will get an education.

Free and fast.
From a market maker's point of view, about 5 minutes recap of the prior day and overnight plus comments about how the prior day plan had zero relationships to reality (or was right on) Futurestrader71 9 AM youtube session.
Abbreviated in print version of the same thing Dionysian Toast market prep right here in the journals.
A 20 to 30-minute bar by bar pointing out the good and the risky shorts and longs in the ES from a scalper's point of view is Mack at PriceActionTradingSystem.com on youtube four evenings a week.

I am sure there are others as well but this crowd does not pose with a rented Lambo and a rented bikini model while bragging about what you will l; earn from them.

So turn off the TV and don't spend money on magic beans.

Also, it would be good, on a day when your head is clear and your emotions are smooth to find Dr. Van Tharp's free trader profile personality test. It is on his website somewhere. Standard stuff "what would you rather do..." but you get a computer scored answer matching your answers up to about 20 different "trading personality types" including a few where he says you don't have what it takes. Yes, lots of people don't think these things are any good but it is way better than your self-selection of a style that sounds good. If your mental tools don't match the job you are trying to do it isn't going to work. And if you get pointed to a style that fits you maybe it will be a good fit.

Start with why. If you are tired of trying to learn strategies, stay on top of market, etc then perhaps ask whether or not it is still something you want to do? Yes, you say you love trading. What is it about trading that you love? Perhaps, you used to love trading but things have changed.

There is an idea of constant progression in trading that is promoted that I question. I like to think of success as a function of skill/edge, psychology, and resources (time/money). What is the difference in skill and edge? Skill or expertise is a generalization. Edge is a specialization.

Regarding generalization, the best way to apply generalization is by trading with less leverage. This is difficult for most of us. The best way to apply specialization is to know your setup, trade selectively, and have a quantified edge. There is a middle ground where one can trade opportunistically.

I suggest learning to develop the ability to backtest your own strategies and also work on identifying what you love about markets and try to enhance that in your trading. Perhaps, instead of working on learning to trade, perhaps focus on learning your market. Regarding replay, I would recommend you focus instead on practicing in real-time on the simulator and use replay as a tool.

few pointers...

Watch the stocks that make up most of these indexes to trade the index futures. AAPL, AMZN, GOOGL, FB, etc for NQ, AAPL, MSFT, BA, GS, etc for YM...

Dont just watch the indicators. Feel the market. Be in the moment. Always expect the unexpected. Dont be afraid to go against the move. Most knee-jerk moves will reverse.

Forget your entry price. Exit based on what you see and feel and not based on $ levels.

And dont just agree with everyone including me . Be your own judge.

One last thing - dont let others influence you - dont watch nightly videos from so called 'know it all's. You will get unconsiously biased.

Must mention - do not drink alcohol the night prior to a trading day. Trust me! you will notice a big difference in your performance.

If I could start over, I would do the Adam Grimes course. It's free. It's comprehensive. And it will give you a solid base to build your own style.

Sent using the NexusFi mobile app

Thanks, Skidboot, I am realizing that indicators are just for reference and confirmation to make a desition. Any particular reason to watch the stock in indexes? Thanks!!