NexusFi: Find Your Edge


Home Menu

 





Getting Started Trading with 1,000.00 Using Ninja Trader


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one DbPhoenix with 17 posts (57 thanks)
    2. looks_two Big Mike with 15 posts (39 thanks)
    3. looks_3 kevinkdog with 10 posts (28 thanks)
    4. looks_4 sledmt with 10 posts (2 thanks)
      Best Posters
    1. looks_one DbPhoenix with 3.4 thanks per post
    2. looks_two grausch with 3.4 thanks per post
    3. looks_3 kevinkdog with 2.8 thanks per post
    4. looks_4 Big Mike with 2.6 thanks per post
    1. trending_up 56,349 views
    2. thumb_up 257 thanks given
    3. group 24 followers
    1. forum 138 posts
    2. attach_file 0 attachments




 
Search this Thread

Getting Started Trading with 1,000.00 Using Ninja Trader

  #1 (permalink)
1800lund
Benton Harbor Michigan USA
 
Posts: 5 since Jul 2015
Thanks Given: 5
Thanks Received: 3

Just Getting started Trading using the Ninja Trader Platform. My account is funded and there support team is not the best.

Strategy is to start with a small amount of money 1,000.00 using very conservative trades. As business is learned and success is achieved; ramp things up taking risk with earnings made. This is a long term plan to be achieved over time and at my own pace.

About me personally, just an average guy...middle class truck driver that's pretty smart with money. Have a house 2 kids and a dog.

Wish to find some resources/mentors for help getting the ball rolling. My time is limited work alot of hours and kids are young.

Quite a few of us out there hope others can benefit from this as well!

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
Futures True Range Report
The Elite Circle
Better Renko Gaps
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
18 thanks
The Program
18 thanks
  #3 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


I know what others will say starting with that amount but good luck and good trading!

Reply With Quote
Thanked by:
  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537


1800lund View Post
Just Getting started Trading using the Ninja Trader Platform. My account is funded and there support team is not the best.

Strategy is to start with a small amount of money 1,000.00 using very conservative trades. As business is learned and success is achieved; ramp things up taking risk with earnings made. This is a long term plan to be achieved over time and at my own pace.

About me personally, just an average guy...middle class truck driver that's pretty smart with money. Have a house 2 kids and a dog.

Wish to find some resources/mentors for help getting the ball rolling. My time is limited work alot of hours and kids are young.

Quite a few of us out there hope others can benefit from this as well!

Good luck, you'll need a very big miracle.

Why are you trading futures with 1,000? It's beyond ridiculous, it should be criminal that a broker is even allowed to open an account for such a small amount.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #5 (permalink)
 
ollie's Avatar
 ollie 
St. Petersburg, Fl
 
Experience: Intermediate
Platform: NinjaTrader
Broker: CQG
Trading: ES,NQ, YM, CL,6E
Posts: 201 since Apr 2010
Thanks Given: 26
Thanks Received: 233

Hello,

It says in your profile that you like oil. Oil generally has $1,000 margin per contract, that will not work for your account size.

ES has a $500 margin requirement, which will not work as well.

For ex. 1 Es contract is $500 margin and the trade goes 1 point against you for a $50 loss. That is 10% loss on your account.

It's all about money management, position size and risk.

Keep things as simple as possible, but no simplier. Albert Einstein

If you can't explain it to an eight year old it's to complicated
Visit my NexusFi Trade Journal Reply With Quote
  #6 (permalink)
1800lund
Benton Harbor Michigan USA
 
Posts: 5 since Jul 2015
Thanks Given: 5
Thanks Received: 3

This is exactly my problem!! Need to find something I can trade with this amount of money.
My Daytime job is hauling gas to local gas stations. I see the prices change daily as a consumer and delivery guy. When oil prices go down we are busy. it slows when price go up. My previous employer I hauled food, produce and beef vary daily as well, same game different product
Goal is to learn how to trade.

Reply With Quote
Thanked by:
  #7 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,645 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338

IF you MUST trade, stick with microForex lots. That is about all you can afford with $1000, and that is OK.

My advice would be learn all you can, and at the same time try to save as much as you can, and get at least $10K that you can safely lose, before you start trading.

The odds are stacked against the little guy in trading. Your risk of ruin with $1K is virtually 100%.

Follow me on Twitter Reply With Quote
Thanked by:
  #8 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537


1800lund View Post
This is exactly my problem!! Need to find something I can trade with this amount of money.

Close the futures account, buy SPY ETF and check it again in 5-10 years.

If you want to gamble, go to Vegas. You know nothing about trading, and you will lose everything.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #9 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537


1800lund View Post
Goal is to learn how to trade.

Just like not everyone can be a professional NBA or NFL player, not everyone can trade. For those that argue you can learn the skill, it is similar to saying a 5' tall person can learn to play in the NBA. No they can't.

A person with $1,000 cannot be a trader. To be a trader, you need a large amount of discretionary money for risk capital, and be in a very good financial situation with your life to even have a chance of being in the right psychological position to be a good trader.

Best advice, close the futures account, go put $1,000 in SPY ETF with some stock broker that charges you $5.00 for the trade, and then forget about it for a few years. If you don't believe me, then just know that Warren Buffet gives the same advice.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #10 (permalink)
1800lund
Benton Harbor Michigan USA
 
Posts: 5 since Jul 2015
Thanks Given: 5
Thanks Received: 3



kevinkdog View Post
IF you MUST trade, stick with microForex lots. That is about all you can afford with $1000, and that is OK.

My advice would be learn all you can, and at the same time try to save as much as you can, and get at least $10K that you can safely lose, before you start trading.

The odds are stacked against the little guy in trading. Your risk of ruin with $1K is virtually 100%.

My risk of ruin, is none!!! As stated earlier trying to make conservative trades. NOT TRYING to get rich overnight.

Investing 1000.00 to learn the trading business. Possible it takes more money to learn this unsure??? Ninja Trader sales set me up and this is there minimum. Big Mike say what you need to...

Reply With Quote




Last Updated on June 13, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts