Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
My thoughts for the reason would be, If you looked at a DOM which showed a sum for the total of order depth on the Bid or Offer you would have seen that for ten layers of depth the sum yesterday was only between about 60-80 each side for the whole day. Normally it is around 150-180 or so. More pronounced on the ES which only had about 1700 per side when normally it is 3500-4000. I would guess most of the scalping style algos were switched off for the day after yesterday's huge drop and the increase in the VIX. That gives a thinner order book so orders can be swept through more easily and allow for cleaner momentum runs. All my supposition though so it could be completely wrong.
Today was a rotational consolidation day finding balance after the previous day's big move. The swings were big, 230 points range in the RTH session, but the market just went back and forth through the open all day (yellow line), and closed there at the end.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
$2000 is absolutely possible. If you have a profitable strategy/system it can be done. If you have never traded NQ live, be ready to keep your emotions under control once you do. If you can't keep them under control, then $2000 isn't enough.
Actually, it is not a wise decision to start with 2K and expect to get rich.
If the 2K is an investment in your learning process, it is simply a place to start.
I hate to suggest SIM trading because it is difficult to break out of the rut it puts you into and much harder to experience the 'risk' of trading real $.
But starting with 2K is not realistic.
Can it be done?
Not impossible but highly unlikely to be a successful outcome if profits are your objective.
About your comment about 'Starting in 30 days..." Are you serious? Start trading after a BY-PASS Operation?
Are you aware that trading can be a very stressful process?
I'm not sure your Dr. will approve of your rehabilitation activity choice.
After such a procedure, I think a less stressful option should be your choice.
Perhaps just watching the market rather than experiencing it.
But it sounds like you have made your choice and can see the stars.
Just don't use any more $ than you consider 'recreational funds'.
If you can't afford to throw the $$ out the window on the way back from your by-pass, then I suggest you not put any $ at risk.
FWIW
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
What IF...
I have read what you wrote 10 years ago...
THEN I would NOT have to endure the hardship of trading small account the first couple years of learning to trade "Drama Queen" ES eMini.
@4tison
Just don't do it!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Since so many people here are convinced that it is possible, please provide some successtory's from futures day traders who started with a <5K account and traded it to >50K.
Why not trade something like ZF (5-year note)? It moves like paint drying, but you won't be destroyed as easily as you will trading NQ, YM or CL. Fast markets are a dopamine junkies 'fix' with their quick profits and losses, but most I bet just get ran over. Learn how to trade the DOM, and I bet you keep more of your $2000.
This is great stuff... just as in racing, you have to understand that all the money you have tied up in that car is at risk and you'd better be willing to just drive it off a cliff and walk away from it (although trading is not nearly as dangerous from a physical standpoint lol.)
OP, I think you would be well served to look at an instrument that would allow you to stay in the game much longer while learning how to trade, such as the micro currencies, especially if you've never traded live before. NQ can be fast and furious, enough to easily rip through $2K in a day.
