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Trading just one instrument


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Trading just one instrument

  #11 (permalink)
 
Rrrracer's Avatar
 Rrrracer 
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I asked the very same question in my trading journal; here's the collective thoughts of the crowd:



FWIW I'm still on one instrument (6E) and feeling a lot more in the driver's seat these days. Good luck!

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  #12 (permalink)
SilentTrader
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Trading 1 instrument leads to over-analyzing & FOMO - especially if you trade with fundamentals.

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  #13 (permalink)
 
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 dbarno 
Madison, Wi
 
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I do not have the patience or attention span to watch one market do nothing all day. Watching 3 do nothing, no problem.

Presently have 8 markets up. With 8 up, usually have 3-4 worth trading. If markets are really moving, drop down to only markets moving, slower/dead markets are minimized. Know all of them very well and all correlate with at least 2 other markets.

Doing this will also tell which markets "speak to you". The ES and I don't get along at all, but have a profitable relationship with NQ and RTY.

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  #14 (permalink)
 
Rrrracer's Avatar
 Rrrracer 
On the road
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dbarno View Post
I do not have the patience or attention span to watch one market do nothing all day. Watching 3 do nothing, no problem.

LOL

I didn't always feel this way, but I think it's important for a beginner to focus on and master one market first before they attempt to move on to others.

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  #15 (permalink)
TheTradingDojoMX
Cuernavaca, Mexico
 
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I agree. You just need one instrument to be profitable.

Sent using the NexusFi mobile app

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Last Updated on February 22, 2021


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