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going live...
Started:January 29th, 2013 (11:18 AM) by miniboda Views / Replies:1,111 / 14
Last Reply:February 16th, 2013 (08:14 AM) Attachments:0

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going live...

Old January 29th, 2013, 09:30 PM   #11 (permalink)
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Manta, Ecuador
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Old January 29th, 2013, 10:58 PM   #12 (permalink)
Market Wizard
Boca Raton
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
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Posts: 1,791 since Sep 2010
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With $50K you have such an advantage where I truly suggest you trade 2 lots per contract and allow double the drawdown that you would allow for 4 contracts.

Swing trade first because you do have the margins to maintain and the capital to absorb the "noise" that the markets present. You will find that when you work with larger time frames you don't need that precise entry, and indicators actually do work much better on larger time frames in my opinion.

You will make mistakes. It's ok. Make intelligent mistakes and you will refine your method.


PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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Old February 1st, 2013, 04:46 AM   #13 (permalink)
 Vendor: www.indicatorx.com 
Bridgwater, UK
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: MB Trading
Favorite Futures: Forex
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Posts: 384 since Jun 2011
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Welcome to a Londoner (I'm based in the South West in sleepy Somerset).
  • Start tiny (microforex is no embarrassment, it's what I trade and I've been live for 2 years+)
  • Keep a journal, starting one here on futures.io (formerly BMT) and inviting comments has given me priceless input
  • Get active on futures.io (formerly BMT), in my opinion, this is the ultimate training ground for self directed learners and you will get out what you put in
  • And as @josh says, keep a tight drawdown limit so you can shut it down and allow a decent review
  • Did I mention keep a journal, oh I did already
  • Keep a journal
  • Keep a - you get the point
Wish you good fortune and happy trading

know thyself
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Old February 6th, 2013, 03:28 PM   #14 (permalink)
Trading Apprentice
New York, NY
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Forex
Posts: 6 since Feb 2013
Thanks: 0 given, 2 received

My biggest beginner mistake was to make trade after trade without having a clear mind. For me staying focused and rational is key!

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Old February 16th, 2013, 08:14 AM   #15 (permalink)
Elite Member
milwaukee,wi, usa
Futures Experience: Intermediate
Platform: Mobile TWS & mobile TOS. Dough.com
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Favorite Futures: futures and options. looking into forex
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Futures Edge on FIO

What happens to the S&P 500 when a new President takes office?

Congrats on finding a method you are consistent with! That itself is a huge accopmlishment. Listen to the risk management parameters being suggested and keep us posted on how you are doing.

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