Picking a futures contract to trade - futures io
futures io



Picking a futures contract to trade


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one Nasdaq1517 with 7 posts (11 thanks)
    2. looks_two HiLatencyTRDR HLT with 2 posts (1 thanks)
    3. looks_3 gloricle with 1 posts (4 thanks)
    4. looks_4 lightsun47 with 1 posts (3 thanks)
      Best Posters
    1. looks_one gloricle with 4 thanks per post
    2. looks_two lightsun47 with 3 thanks per post
    3. looks_3 Blash with 2 thanks per post
    4. looks_4 Nasdaq1517 with 1.6 thanks per post
    1. trending_up 672 views
    2. thumb_up 23 thanks given
    3. group 8 followers
    1. forum 14 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Picking a futures contract to trade

(login for full post details)
  #1 (permalink)
 Nasdaq1517 
Honolulu Hawaii
 
Platform: Ninja
Trading: ZN
 
Posts: 57 since Oct 2021
Thanks: 31 given, 32 received

Hello,

I have been trading full-time for 6 years now and one of the biggest things I have noticed affecting my profitability is jumping around different markets/futures contractÖ any insight on preferred markets to trade??? I am looking to trade just one instrument and master itÖ I mainly trade the indices right now rty NQ es Ym Ö thank you


Sent using the futures.io mobile app

Started this thread Reply With Quote
The following 3 users say Thank You to Nasdaq1517 for this post:

Can you help answer these questions
from other members on futures io?
Using futures options to "hedge" entry timing
Emini and Emicro Index
Beta tester for new NT8 indicator
NinjaTrader
Converting 2 RSI Divergence from Tradingview to TOS
ThinkOrSwim
Humans Orange County- Support Team - Future Fund Partners
Psychology and Money Management
Can multi charts execute code on any MT4/5 based broker …
MultiCharts
 
 
(login for full post details)
  #2 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 258 since May 2018
Thanks: 350 given, 202 received

Do you have experience for one market for the most part since last six years or did you keep on jumping here and there?

After watching the ES futures for six years myself, when I look at CL futures, I get 2-3x more setups than the ES as CL is a fast moving market. I might switch myself to CL soon because of this as CL gives potential to make more money than the ES, although CL can be volatile at times. Mind you I also looked at CL since these many years as well, but not as good as ES, so it's not completely jumping into unknown waters all of a sudden. Be prepared thoroughly if you plan to do something like this.

I would say only switch an instrument after you have mastered one, otherwise you will never get the 'hands up' experience of how one particular market moves - kinda like having a wife - takes time to know them you know.

Reply With Quote
The following 3 users say Thank You to lightsun47 for this post:
 
(login for full post details)
  #3 (permalink)
 Blash 
Legendary Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,309 since Nov 2011
Thanks: 7,334 given, 4,495 received



Nasdaq1517 View Post
Hello,

I have been trading full-time for 6 years now and one of the biggest things I have noticed affecting my profitability is jumping around different markets/futures contractÖ any insight on preferred markets to trade??? I am looking to trade just one instrument and master itÖ I mainly trade the indices right now rty NQ es Ym Ö thank you


Sent using the futures.io mobile app



Look into why you jump around to different markets. Take a notebook and pen and fill it. Any and all thoughts. Might take months might take a day. Depends on your honesty. How deep you are willing to go.

As a kid did you move a lot? Switch schools a lot? Or did it feel like you did regardless of whether you actually did or not. Did you jump from one friend group to another? Were your parents divorced and you went back and forth from your mom to your dad's house? Search and find it my friend.

This is a form of self sabotage and there is a reason you are doing it. Can you find it? Thoroughly examine it and take away its energy freeing yourself from it.

Ron


Sent from my iPhone using futures.io

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Blash for this post:
 
(login for full post details)
  #4 (permalink)
 Nasdaq1517 
Honolulu Hawaii
 
Platform: Ninja
Trading: ZN
 
Posts: 57 since Oct 2021
Thanks: 31 given, 32 received


lightsun47 View Post
Do you have experience for one market for the most part since last six years or did you keep on jumping here and there?

After watching the ES futures for six years myself, when I look at CL futures, I get 2-3x more setups than the ES as CL is a fast moving market. I might switch myself to CL soon because of this as CL gives potential to make more money than the ES, although CL can be volatile at times. Mind you I also looked at CL since these many years as well, but not as good as ES, so it's not completely jumping into unknown waters all of a sudden. Be prepared thoroughly if you plan to do something like this.

I would say only switch an instrument after you have mastered one, otherwise you will never get the 'hands up' experience of how one particular market moves - kinda like having a wife - takes time to know them you know.



Yes I get that , I find myself Iím the jack of all trades but master of none and I donít think itís sustainableÖ the hard part is picking a market and just learning it


Sent using the futures.io mobile app

Started this thread Reply With Quote
The following 2 users say Thank You to Nasdaq1517 for this post:
 
(login for full post details)
  #5 (permalink)
 Nasdaq1517 
Honolulu Hawaii
 
Platform: Ninja
Trading: ZN
 
Posts: 57 since Oct 2021
Thanks: 31 given, 32 received

Yes I get that , I find myself Iím the jack of all trades but master of none and I donít think itís sustainableÖ the hard part is picking a market and just learning it


Sent using the futures.io mobile app

Started this thread Reply With Quote
The following 2 users say Thank You to Nasdaq1517 for this post:
 
(login for full post details)
  #6 (permalink)
 Nasdaq1517 
Honolulu Hawaii
 
Platform: Ninja
Trading: ZN
 
Posts: 57 since Oct 2021
Thanks: 31 given, 32 received


Blash View Post
Look into why you jump around to different markets. Take a notebook and pen and fill it. Any and all thoughts. Might take months might take a day. Depends on your honesty. How deep you are willing to go.

As a kid did you move a lot? Switch schools a lot? Or did it feel like you did regardless of whether you actually did or not. Did you jump from one friend group to another? Were your parents divorced and you went back and forth from your mom to your dad's house? Search and find it my friend.

This is a form of self sabotage and there is a reason you are doing it. Can you find it? Thoroughly examine it and take away its energy freeing yourself from it.

Ron


Sent from my iPhone using futures.io



I agree itís self sabotage, now to figure out and do the work .. thank you


Sent using the futures.io mobile app

Started this thread Reply With Quote
The following 2 users say Thank You to Nasdaq1517 for this post:
 
(login for full post details)
  #7 (permalink)
 Nasdaq1517 
Honolulu Hawaii
 
Platform: Ninja
Trading: ZN
 
Posts: 57 since Oct 2021
Thanks: 31 given, 32 received

I agree itís self sabotage, now to figure out and do the work .. thank you .. sorry app wonít allow me to reply directly to you guys post Ö I sincerely appreciate the insight


Sent using the futures.io mobile app

Started this thread Reply With Quote
The following 2 users say Thank You to Nasdaq1517 for this post:
 
(login for full post details)
  #8 (permalink)
Symple
Zuerich / Switzerland
 
 
Posts: 660 since Sep 2021
Thanks: 771 given, 1,496 received

@Nasdaq1517

This posting is a general post for educational purpose and I hope you do not mind about it. But kindly read it by your self to make up your own mind about it

The following is a comment that goes a little beyond the scope of pure futures trading. So to say a little insight what else there is in the trading universe. Thus purely informative and because I just feel like writing something here, since I was confronted with exactly the question almost two decades ago.

In summary: Depending on the trading strategy of the individual pursues and successfully trades, depending on this he will place his trades only in one market or in different ones.

Depending on the success of pure only futures trading, the amount of contracts in the successfully traded market will be gradually increased or decreased as the case may be. The best pure only futures traders, even with pyramid systems and without hedges, that I have seen in my life, were the ones who traded only one or two markets. If there were two, then these markets were directly or indirectly, in negative or positive correlation, connected with each other.

However each individual wants to understand this for himself or wants to take it as a suggestion is up to him.

If I now look beyond the above defined edge of my plate, then I can very well be on the move in different markets at the same time without getting into great stress. Now how does this work according to my statement above?

This is where the approach of the trading strategy or trading strategies comes into play

For example, on Sunday evening I could analyze all the data of various futures markets and define the entry levels, with the trading strategy for the coming week or days behind it. If there were surprises from Sunday night to Monday, then was also times for the cat, but the basic strategy was there and this could also be adjusted again briefly with alternatives.

Only here I'm talking about option strategies of any kind which also includes hedges with futures and options among themselves. The universe of this kind of trading is huge and can also make fun as the universe of pure, future trading can make fun.

As I said: I was here simply to address this time that it also goes differently. To go further into the addressed in this thread is beyond the scope of the question of the thread starter. But I think that education is always worth posting, even if it is not always absolutely in line with the given topic.

Have a sunny weekend

Symple

Reply With Quote
The following user says Thank You to Symple for this post:
 
(login for full post details)
  #9 (permalink)
 blackgrey45 
Marco Island, FL
 
Experience: Intermediate
Trading: MES, MCL, MYM
 
Posts: 41 since Jul 2022
Thanks: 53 given, 25 received

I have been switching markets too. I've traded micro gold, micro euro, MES, MYM, ZN just to name a few. I am gravitating toward markets that have consistent large moves which are the MES and the MCL and now I focus on those markets.

Reply With Quote
The following user says Thank You to blackgrey45 for this post:
 
(login for full post details)
  #10 (permalink)
 gloricle 
Sydney, Australia
 
 
Posts: 35 since Feb 2011
Thanks: 52 given, 46 received


1. Pick an instrument or contract with enough volatility.
2. Pick a timeframe that suits your temperament.
3. Pick something that suits your timezone and your sleep patterns.
4. You might find on some days/sessions there is no setup. This is completely fine. You don't need to be in the market all the time. Learn when to enter, hold and when to fold. Trading is a lot like poker.

Reply With Quote
The following 4 users say Thank You to gloricle for this post:


futures io Trading Community Traders Hideout Emini and Emicro Index > Picking a futures contract to trade


Last Updated on August 6, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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