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What brokerages are you using/do you recommend for short term futures trading?
Do not ever let anyone, any trader, sim or otherwise, any broker, any friend with good or
ill intent or any claimed to be avid live consistently profitable trader or guru or coaching
outfit....
to convince you that 15k-20k is a small account, EVER!
My advice to you is, open a live acct with only 5k to start out with.
If you have the proper tool to trade with, like use the Chinese Wok to prepare Tim-Sum
and laser to lobotomize; you won't empty your 5k.
If you lose it, wise up trader wannabe, you got to change your trading tools to something
more predictable, more accurate in terms of entry and exit et cetera.
Even IF YOU CAN NOT PROTECT YOUR 5K....
chalk it up. You still have the remaining to delve more in depth
and pull yourself into another level of trading.
Let me part with the followings:
to survive your hard earned 5k,
you must be able to IMMEDIATELY hit the CLOSE button
to delimit your each and every loss happening
right under your very nose;
do not ever hope that the price would improve
in your noble favor, K? Just close out ASAP,
to protect your cash, so there is enough
to try again the next session, alright?
risk no more than 10 tics, and
stay far away from ES,
IT IS NOT INTENDED FOR BEGINNERS;
you won't want to give away all your
fund too quickly now, do you?
Best in trading to you, K?
Can you help answer these questions from other members on NexusFi?
