Newbies Stop Trading the ES - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Newbies Stop Trading the ES
Updated: Views / Replies:2,572 / 14
Created: by GILD 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
 

Newbies Stop Trading the ES

  #1 (permalink)
Trading Apprentice
Saint Louis+Missouri/United States
 
Futures Experience: Intermediate
Platform: Xtrader, Lightspeed
Broker/Data: Amp Futures
Favorite Futures: NG, CL, ES, stocks
 
Posts: 9 since Mar 2014
Thanks: 0 given, 1 received

Newbies Stop Trading the ES

If your successful at trading ES Im not telling you to stop trading it. Do what works for you , but I feel that novice traders should trade other markets such as treasuries and Natural Gas futures. I know many traders that specifically look to take advantage of newbies by flashing fake orders and using automated trading with dma. I highly recommend trading natural gas because it has just enough liquidity and volatility. I can actually read the dom when trading NG. With ES there are way to many people trading at times to read the dom and trade based off of it. What do you guys think?

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
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received


If a person wants to trade on a weak premise and practically gamble there monies, there is nothing anyone will say that will dissuade them.

I would say that anyone give it a try with money they can afford to lose and see what they can learn over a few months being in the mix, rather than discourage someone completely.

Agree you need to have very fast eyes to trade visually but there are plenty of tools to help these days, maybe lookup the bookmap webinar on futures.io (formerly BMT), it may help you!

Reply With Quote
 
  #4 (permalink)
Elite Member
New York, New Jersey/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Seahn's Avatar
 
Posts: 157 since Jan 2013
Thanks: 60 given, 250 received

I only day trade the ES and I love it. It moves very predictably with moderate volatility which I believe is a very good thing when starting out. You do need to learn its particular tendencies, traps, failures etc. but after you do that its almost like taking candy from a baby. I think the popular theory that the ES should be avoided because you are playing with the big boys and can never beat them is hogwash, they are not magicians what they are doing is right there on the chart you just have to read it.

Another great thing about the ES is you can trade 1 contract or 100 with practically no issues with slippage or fills. This makes scaling up as your skill improves very easy.

I tried gold and crude (GC and CL) for a while and got my ass handed to me by the volatility and slippage. I certainly would not recommend natural gas with the way its been trading lately to a beginner.

Like everything else in trading you have to do what fits your own situation.

Reply With Quote
The following 6 users say Thank You to Seahn for this post:
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

Picking an instrument based on facts instead of opinions is covered here in great detail.

https://futures.io/webinars/jan14_2012/where_to_start_part_1/

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #6 (permalink)
 Vendor 
West Palm Beach, FL / USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: I'll trade anything with volatility and momentum.
 
MarthaChiriboga's Avatar
 
Posts: 46 since Jan 2014
Thanks: 113 given, 29 received

I went to this link and there are many video links. I didn't find the one that helps "pick an instrument based on facts instead of opinions". Would you kindly provide the direct link, please?

Reply With Quote
 
  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received


MorningStar View Post
I went to this link and there are many video links. I didn't find the one that helps "pick an instrument based on facts instead of opinions". Would you kindly provide the direct link, please?

That is the direct link, but like it says at the top of the page - it's only available to Elite Members.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #8 (permalink)
Elite Member
Philly, Pa
 
Futures Experience: Master
Platform: NinjaTrader
Favorite Futures: ES, ZB
 
tigertrader's Avatar
 
Posts: 5,948 since Jul 2010
Thanks: 6,314 given, 31,870 received

bottom line is, if you know how to trade, you can make money trading any instrument, however, trading es has a number of advantages, not the least of which are liquidity and scalability, but beyond that, it is a technical market where market internals provide a leg up on timing your trades, that is absent with trading cl, gc, & zb. this is a tremendous advantage, and one of the reasons i love trading es. it's also an very efficient market that is positively and negatively correlated with a myriad of instruments.


Last edited by tigertrader; March 25th, 2014 at 06:37 PM.
Reply With Quote
The following 3 users say Thank You to tigertrader for this post:
 
  #9 (permalink)
 Vendor 
West Palm Beach, FL / USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: I'll trade anything with volatility and momentum.
 
MarthaChiriboga's Avatar
 
Posts: 46 since Jan 2014
Thanks: 113 given, 29 received

TigerTrader,

You are legendary that sometimes you forget who you're addressing. The topic of this thread, "newbies stop trading ES".

I'm a newbie and that's why it caught my attention. However, you started your post with, "If you know how to trade..."

Uhm, I don't know how to trade. Who do you recommend has the most comprehensive course on ES trading that correlates with all the bells and whistles that you use as indicator/signals?

Reply With Quote
 
  #10 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received



MorningStar View Post
Who do you recommend has the most comprehensive course on ES trading that correlates with all the bells and whistles that you use as indicator/signals?

Do yourself a favor and read this thread front to back, every post:

https://futures.io/elite-circle/11125-ask-any-trading-question.html

You are already on the wrong path if you are looking for some 'course' to teach you how to trade. By reading the posts in that thread it will be (or should be) very obvious where all the "newbies" make mistakes, and then you can make decisions to avoid these mistakes. One of which is buying courses and indicators or following any trading room.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:

Reply



futures io > > > > Newbies Stop Trading the ES

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
ES stop loss fills stefan416 Emini Index Futures Trading 28 August 30th, 2015 01:02 AM
Auto-Trading with NinjaTrader 7 - For newbies NJAMC Elite Automated NinjaTrader Trading 203 June 9th, 2014 09:05 PM
How many tick will you take as STOP for ES/NQ? esnq Emini Index Futures Trading 12 November 2nd, 2012 04:20 PM
ES hypothetical scenario - stop at break even at +1 tick trendisyourfriend Emini Index Futures Trading 8 September 1st, 2010 03:17 AM
Statistical Definitions for Newbies NMTrader Traders Hideout 1 July 28th, 2009 02:39 AM


All times are GMT -4. The time now is 12:17 PM.

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 0.12 seconds with 19 queries on phoenix via your IP 54.226.34.209