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1) If you cannot trade one contract profitably, you sure as hell cannot trade 10. So why have $50k in the account? It is not necessary, and worse, it is dangerous.
2) As retail traders, why do we choose futures? LEVERAGE. That is deadly, but also powerful. If you cannot double $5k without losing $5k first, you still have some homework to do. Whether you do it in a week or 2 years does not matter. If you stay alive for 2 years, that is building a skill as well. Patience. Focus.
3) If that level of potential volatility bothers you, find another instrument. I am now trading forex with $200.00 in an account, and trade for about $1-$3 per day. Be more focused on learning to trade than making money. Urgency is not real.
I just re-read this before deleting the email. Yes, it is nothing but a poorly-crafted-but-sufficient place for me to hang out. But, I am not here for very long at one time. Chose the location for being close enough, but still out of the mainstream. Convenience. Walking distance to all kinds of things, yet very secluded and peaceful.
I just felt something. I have always, my entire life, had some desire for a kumbaya lifestyle. At the same time, I realize my profits come from the consistent flow of losing traders. But, I came to futures.io (formerly BMT) with the attitude of one for all / all for one, and before I check out, decided to do this. Like my graduation party.
And a party it has been. Beer and all... "Models and bottles" lol
I have worked my ass off to become a trader, for years. And now I understand why. And it is not what I thought for years, maybe that is part of the problem.
Actually, one thing that will thin the herd somewhat, is I do not want to learn anything from this. I might
, probably will. But that is not the motivation.
I was on a call the other day, stopped someone mid-sentence. Something like, "that is not what this call is about".
