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Maybe you should share why you would trade rather than work your full time job. Can you do both? If you don't like your job, then get another. If your dream is to not work and sit on the beach, then trading will be extremely disappointing as it will require to do the exact opposite to stay at the top of your game.
In trading, shortcuts lead to the longest path possible.
Can you help answer these questions from other members on NexusFi?
The immediacy of the feeling is "not liking the job". Yes, I have switched jobs and improved things, but in the end I cannot quit the dream of trading. Which I know can spell disaster for trading. However the passion I have for chart analysis is never ending. It truly is a treasure hunt. Being self sufficient, a counter trend thinker, with market analysis and turning that into consistent capital would suit my personality 101%. Intraday Emini suits me the most and I am having trouble finding something longer time frame that I can do from the mobile phone etc.
I think if you strongly feel that trading is what you should do, then you should be able to do whatever it takes.. even working a full time job while getting your trading legs under you. Wake up early and trade the EUREX before work or the asian markets after work. Find a way and do whatever it takes. DO WHATEVER IT TAKES!
I would challenge you to re-think what "full time trading" actually means. Full time trading is not 8 hours in front of the screen everyday. If you can successfully and consistently trade 1 hour (or however many hours can squeeze in) a day and now you no longer need to work your day job to maintain your financial lifestyle.. you can quit your job and keep trading 1 hour a day and be "full time". In this scenario you are not increasing your trading hours and switching one full 8 hour work day for another.
If you absolutely must sever ties with your job and make the leap... well you better be well capitalized and have enough money saved up to pay for your living expenses for at least a year or more so you don't feel any pressure financial pressure. Even then, if you don't have all your trading ducks in a row, the odds are incredibly stacked against you.
In trading, shortcuts lead to the longest path possible.
TO the OP is it possible to use your methodology successfully on other indice and if so have you considered trading an asian/australian instrument when you finish work , just a thought . For one they move better than US indice and the time zone is spot on for a couple hours trade after work
I think this is certainly worth looking into. I know each market has its own personality, but what I have developed works on anything I have checked so far. I have issue with against trending markets, but I am learning other things to try and compensate for that. I work 6am or so and home by 3 or so, so what are my options? Is there any instrument with similar margin requirements as the minis that are trading full volume after 3pm or before 6 am?
Kospi & Hang Sang have crazy volatility, great it that's your setup. SPI is decent, but lower daily volume than all the others. Mini-Nikkei is/was my go to for the last couple years, but it's volatility has dried up.
All are available through IB, nikkei & spi are also available through any CQG broker.
While sim trading can help you test a strategy, its no comparison to real-time trading where psychology trading matters most of the time. However, i think if you limit your emotions and just follow a plan in real-time then you learn exponentially. While program trading/coding can help, you should also take the changes in the environment into consideration. Some logic only works in specific conditions unless you code different programs to be executed on various conditional triggers. I have been trading solo and still have a lot to learn how to handle big movements when the trading environment shifts. I find signals are almost always based on past data and we trade on future expectations.
I have used price action, where ultimately price is everything.