Big time frames with small account - Psychology and Money Management | futures io social day trading
futures io futures trading


Big time frames with small account
Updated: Views / Replies:1,988 / 10
Created: by Morainer 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
 

Big time frames with small account

  #11 (permalink)
Trading Apprentice
Zagreb
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: TF
 
Posts: 5 since Apr 2011
Thanks: 9 given, 0 received


Massive l View Post
Small accounts should always use large (Daily) time frames IMO.

You're not going to do much but wipe out your account using smaller time frames, grabbing a few ticks here and there.
It will work until...it doesn't work.

You need to see the bigger picture first, and with a small account, you need to develop
a strategy that has the lowest risk possible.

If you think, tweak, and speak (write) about it enough, you are bound to make headroom.

You don't need to focus on 1%,2%,3%, etc.

You need to focus on the strategy because the strategy will dictate how much you are going to risk.

I agree with you.

Currently I am working on my strategy. So far its about finding THE BEST setups. So its not about few ticks here and there for me, I am not try to "scalp" the movements , but my strategy is larger earnings based on entries on the beggining of the trend/movement. My lowest target is 20ticks, but they go up to 50-60ticks, depending on the situation, but ofcourse i get out if something goes wrong, i try to micromange my stops. I practice mostly on CL (500vol), 6E (2000vol), TF (1000vol), and sometimes QM and YM, depeding on whats happening (although I know that CL and similar instruments are very risky, especially for small accounts). I base my entries on PA, understanding the general behavior of the specific instrument, breakouts and pivot lines and i most of the time trade along the trend, rarely against it. I dont use indicators, except HAsmoothed for the exit strategy.

When i started practicing, i did sometimes even 10+ trades per day, and that was road to failure for me. what i lacked was consistency and thats my FIRST goal. Now, i am happy with 3 trade per WEEK. Also, all the backtesting and optimization proved to me that what ever i do, if i am not picky about trades, statistics is gonna kill my account.

so, yeah, now i am trying to optimize my strategy as you suggested it and s/l-es along with it.

But so far, trading daily charts only make sense to me on forex, considering my account and the margins i get there. If i trade on daily charts, my s/l is based on the range of the candle/bar on which i base my entry. Well, considering that ranges of those candles can go up to even 25% of my account entirely, if something goes wrong, i just cant afford it.

so as i see it, with my account i have two options: start to learn to trade daily charts on forex, or be very consistent and profitable on intraday futures instruments.

of course, i have ZERO experience with live trading, and yet plenty to learn and all the help i get from you guys is very much aprecciated

cheers

Reply With Quote

Reply



futures io > > > Big time frames with small account

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
Powerlanguage and Multi time frames Laurent EasyLanguage Programming 10 December 2nd, 2016 03:54 AM
Multiple Time Frames jkinneberg NinjaTrader Programming 17 March 21st, 2015 08:42 PM
Time frames and charts spikoloco Traders Hideout 10 February 22nd, 2012 08:49 PM
Zen & the Art of The Small Account PandaWarrior Trading Journals 994 July 25th, 2011 09:26 PM
Growing A Small account - Have to start somewhere cgleckman Trading Journals 26 April 4th, 2011 01:46 PM


All times are GMT -4. The time now is 10:52 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 2017-12-14 in 0.06 seconds with 19 queries on phoenix via your IP 54.90.207.75