Can you open an account with $3000? and start trading the ES - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Can you open an account with $3000? and start trading the ES
Updated: Views / Replies:8,681 / 54
Created: by budfox Attachments:1

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
 1  
 
Thread Tools Search this Thread
 

Can you open an account with $3000? and start trading the ES

  #51 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary


AlexB View Post
Why would they care? They want to make commissions off you. You can day trade the ES with a one lot as long as you have $500 or more in the account, $2500 to open. Like Mike Patek from TST says about brokers, "a client is a customer until proven broke". As soon as your account is $499.99 or below you are done until they get more money. It is not their job to make sure you know what you are doing and you can afford to lose the money, that is your responsibility. Maybe check out Stage Five. All the best to you, I hope you make a ton of money.

That is a narrow view of a brokerage firm. A customer is an ASSETT to the brokerage, therefore one MUST help the customer and not encourage him/her to overleverage or open small accounts when you know there is no chance.
If I have the chance to talk to those who establish accounts with us, I give them the 5 minute "pitch" of who survives the game and I feel it is my responsibility to be as such.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 2 users say Thank You to mattz for this post:
 
  #52 (permalink)
Elite Member
San Antonio, Tx
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: Ninjatrader, CQG, IQFeed
Favorite Futures: ES
 
Posts: 42 since Jul 2012
Thanks: 60 given, 25 received

It's great that you do what you can to make sure new clients don't get in over their heads MattZ. I wouldn't say that all brokers are the same. I don't think Mirus is a bad broker, they are great. Don't you think the ultimate responsibility for making the decisions that will keep them trading lies with the individual trader though? There is only so much a broker could do.

Reply With Quote
 
  #53 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary



AlexB View Post
It's great that you do what you can to make sure new clients don't get in over their heads MattZ. I wouldn't say that all brokers are the same. I don't think Mirus is a bad broker, they are great. Don't you think the ultimate responsibility for making the decisions that will keep them trading lies with the individual trader though? There is only so much a broker could do.

I always respect those who are professional in my field.

The ultimate responsibility is naturally with the customers, but there is another aspect to being a broker.
Being a good broker today must extend being nice, customer service friendly and knowing the platforms that are carried.
A broker, if has a chance, should also give guidance to customers as far as the right use of leverage, the frequency of trading, and/or anything else that is within the comprehension of the customer at that stage. Customers could be nurtured into the right behavior as traders, so one day they would hopefully have a chance in this hard game of trading.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Reply With Quote
The following 3 users say Thank You to mattz for this post:
 
  #54 (permalink)
Elite Member @ Ibiza
Ibiza. Spain
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG
Favorite Futures: CL
 
noyss's Avatar
 
Posts: 72 since Jul 2012
Thanks: 121 given, 29 received

1. Did you cut your losses quick? Sometimes not
2. What were the reasons for your bad trades? Your discipline on real is worst than sim...
3. Did you have a trading journal? Yes, I do
4. What will you do differently next time? Try to training my emotions and anxiety...
5. Did you rush into trades? Yes...


But, in SIM was not like that... this is the difference losing real money...




budfox View Post
I see people here are complaining "lost my whole entire account":

To all those that were successful trading on sim, and then blew their live accounts please answer these questions:


1. Did you cut your losses quick?
2. What were the reasons for your bad trades?
3. Did you have a trading journal?
4. What will you do differently next time?
5. Did you rush into trades?

Thanks.


Reply With Quote
The following user says Thank You to noyss for this post:
 
  #55 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,549 received


budfox View Post
Woudl you let anyone fly a plane that has not have sim practice before? I would rather crash a plane in sim, than in real life anyday.


Obviosly there are some differences between sim vs live trading, but sim is absolutely vital to get half a clue to what you doing.

probably common knowledge airlines require a pilot to train in a "level-D" simulator before flying a heavy. If they kept crashing or making mistakes in the simulator they probably wouldn't be allowed to be co-pilot at all. flight sims, both the game (Lockheed has now taking over Microsoft FSX as Prepar3D. http://www.prepar3d.com/news/2013/08/4355/) and the industry ones have come a long way. however, trading sim will probably never be able to simulate the psychological effects of risking real money especially increasing contracts risked. (unless one day, they can fool the simmer into believing real money is on the line by some wacky brainwashing and probably unethical technology).

so, the original question about starting $3k on the ES? If you are new probably not.

A suggestion is to trade $5k on a mini or micro future. such as M6J or M6E. Then work on bringing it up to $12.5k
Then, and not including big outlier winners , and only then should you go on to 1 ES contract at $12.5k

Also, at $5k, if you lose $2.5k then stop trading live for 3 months to sim or research.
Then every $2.5k after until $12.5k same thing if one loses $2.5k, 3 months off live.


Last edited by Cloudy; August 21st, 2013 at 04:46 AM.
Reply With Quote
The following 4 users say Thank You to Cloudy for this post:

Reply



futures io > > > > Can you open an account with $3000? and start trading the ES

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
ES building account from1to12Lots30weeks Rad4633 Emini Index Futures Trading 15 October 17th, 2012 11:55 PM
Beginner Markets - ES may not be the best to start with? pricestudent Beginners and Introductions 3 August 14th, 2012 05:19 AM
$5,000,000 account earning $3000 to $5,000 daily. is it possible? arbman1 Traders Hideout 157 February 22nd, 2012 09:44 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 06:26 AM.

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 2017-11-18 in 0.09 seconds with 20 queries on phoenix via your IP 54.80.33.183