NexusFi: Find Your Edge


Home Menu

 





Wishing to trade NQ LIVE with 2K, any advice?


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one 4tison with 30 posts (6 thanks)
    2. looks_two kazz with 18 posts (9 thanks)
    3. looks_3 TradingOgre with 7 posts (16 thanks)
    4. looks_4 Binkius with 7 posts (14 thanks)
      Best Posters
    1. looks_one Blash with 9.5 thanks per post
    2. looks_two cory with 3.5 thanks per post
    3. looks_3 TradingOgre with 2.3 thanks per post
    4. looks_4 Binkius with 2 thanks per post
    1. trending_up 22,654 views
    2. thumb_up 172 thanks given
    3. group 23 followers
    1. forum 115 posts
    2. attach_file 6 attachments




 
Search this Thread

Wishing to trade NQ LIVE with 2K, any advice?

  #11 (permalink)
 
paps's Avatar
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
Posts: 1,739 since Oct 2011
Thanks Given: 2,176
Thanks Received: 1,726

it is possible....but not prudent. anything is possible.....but if one has done it before is where the conviction comes in....hope you understand that.

if one has not done it before....chances r slim they maybe good at growing a small account. also trades have to be selective i think.

all the best on the health front & yr trades..... if u have not traded real $s before....perhaps a SIM maybe good.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
Are there any eval firms that allow you to sink to your …
Traders Hideout
Futures True Range Report
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
60 thanks
Funded Trader platforms
43 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #12 (permalink)
 
Skidboot's Avatar
 Skidboot 
Houston, TX
 
Posts: 202 since Dec 2010
Thanks Given: 203
Thanks Received: 299

Save your money. Trading futures successfully is not a 2K business. There may be some outlier stories in the past but realistically it is not plausible.



4tison View Post
Seeking advices, if it is at all prudent or even practical
to venture into the pool of hungry sharks
with baits so insignificant?

All comments or suggestions or advice or
snickers or condemnations
or whatever are welcomed.

Keep it polite pls, there might be sister theresa around.

Any broker wish to offer free commission for sixty day
or much less, or whenever there is a margin all.... LOL

Starting in 30 days, after my by-pass operation!


Reply With Quote
  #13 (permalink)
 Arch 
W.Coast, USA.
 
Experience: Intermediate
Platform: Anything
Trading: Emini
Posts: 347 since Jul 2017
Thanks Given: 106
Thanks Received: 381



4tison View Post
just for practical reason:

how tight a stop, should be set?

1 2 3 4 5 6 7 8 etc points....?

Thx in advance.

For NQ, DLL of 5% of your 2K demo account.

Reply With Quote
Thanked by:
  #14 (permalink)
 Binkius 
Taipei/Taiwan
 
Experience: Beginner
Platform: IRT/Bookmap
Broker: S5
Trading: FESX, NQ
Posts: 36 since Apr 2016
Thanks Given: 31
Thanks Received: 66

Please preserve your $2000!

Sim trade first. If you can't make money in simulation, you won't be able to make money live.

Sim will teach you what you don't know.

Success is probably going to be years away. You will need your $2000 for software, data fees, and instructional aid.

If you want to start trading live with no trading background, I recommend Vegas, Macau or Saipan. You will have a lot more fun with $2000 in those places than sitting in front of your computer.

Good luck!

Reply With Quote
Thanked by:
  #15 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 922

Practical? No. Prudent? No. NQ can rip your face off. CL is a choir boy compared to NQ. Build up a larger trading bankroll first and educate yourself in what you're getting into. No one should be trading futures contracts with 2k. Probably not what you want to hear but I promise you it's the truth.

Reply With Quote
  #16 (permalink)
ElectricSavant
Maricopa, AZ.
 
Posts: 24 since Sep 2018
Thanks Given: 1
Thanks Received: 6

8 ticks for the NQ if trading impulses...

ES

Reply With Quote
  #17 (permalink)
 
lsubeano's Avatar
 lsubeano 
hollywood
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD
Trading: futures
Posts: 213 since Jun 2010
Thanks Given: 65
Thanks Received: 165


4tison View Post
Seeking advices, if it is at all prudent or even practical
to venture into the pool of hungry sharks
with baits so insignificant?

All comments or suggestions or advice or
snickers or condemnations
or whatever are welcomed.

Keep it polite pls, there might be sister theresa around.

Any broker wish to offer free commission for sixty day
or much less, or whenever there is a margin all.... LOL

Starting in 30 days, after my by-pass operation!

I think you're asking the wrong questions....and by the questions you've asked, and having major operation.....

no no no....def no....

but hey, I'm sure you'll do it anyway (b/c we all do it)-----

Anyway.....
know when to trade and when not to trade

know why the market moves and really know

don't be afraid to hold a position and don't be afraid to cut it quickly and reverse

if the market doesn't move quickly in your favor get out or reverse

if you don't know what you're doing don't get in a trade

don't trade with 2k----20k is better (either way you'll prob lose it if its your first account)

pay attention to every detail you can and know where daily/weekly highs/lows are and how markets act in that area

hope that helps....my 2c and yes there are brokers with $500 contract margin

Follow me on Twitter Reply With Quote
Thanked by:
  #18 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,393

It's a bit fast.

The end.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Visit my NexusFi Trade Journal Reply With Quote
  #19 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
Posts: 437 since Oct 2009
Thanks Given: 289
Thanks Received: 773

It would be nice if new trader's realized this is a game for well-capitalized entry.

But hey - liquidity will be provided by the 1-5 contract underfunded accounts; regardless. Rinse/repeat.

Cheers!

Reply With Quote
Thanked by:
  #20 (permalink)
TraderEX
 
Posts: 96 since Sep 2018
Thanks Given: 68
Thanks Received: 177



4tison View Post
Seeking advices, if it is at all prudent or even practical
to venture into the pool of hungry sharks
with baits so insignificant?

All comments or suggestions or advice or
snickers or condemnations
or whatever are welcomed.

Keep it polite pls, there might be sister theresa around.

Any broker wish to offer free commission for sixty day
or much less, or whenever there is a margin all.... LOL

Starting in 30 days, after my by-pass operation!

I started with 2k 21 months ago and have only used 3100 and now 3500 for the last 2 weeks, fixed at 2k. I live on the net profits week by week. In the 3800's for margin tomorrow. I lost 11,700 in 2014 and 15. Won 8 dollars in January 2017. This was my first profit ever. So, I am now 3.75 years from thinking, "Hmm m maybe I could just earn some pocket money" I just stuck to what I know.

Tradovate will take 2k to open. Free platform and 0.79 per side commissions. try the free 2 week demo first.

Godspeed with the surgery. Come back, we'll leave the light on.

EX

I thank my critic for the critique as forgetting what I stated above would lead an ignorant person astray. I simply shared my experience and made no suggestion for you to trade. Just provided you with the information on where to go if you felt ready to start. Since I see things in a "different" way and am an autodidact, when I hear my critics say that you cannot do this is because i cannot. Maybe he'll post where he trades, I'll show you how transfer that war chest, one tic at a time.

P.S. I forgot to tell you, I am a special case. The level of genius that it took for me to extract a paycheck every single month for last 21 months is what I possess. I am a pattern recognition expert (PRE) scoring 99.97%tile (3 of 10,000). Since I do not know you, I did not make the assumption that you were not. Everyday it gets easier and easier. Now that my back load of medicals bills have been paid, I should be able to scale a contract a week.

My algorithm is being coded by MIT and the marketing is aimed at e gamers in Japan; I trade manually. Limiting the sale to 4000 only at $4995.00 USD by Tencent: TCEHY. May be out before XMAS, or may not but will not see the states. I have a thread going in Journals about it. What I am sharing here can also be used at the NQ but somewhat less effective

I started a journal for all to see. Anyone thinking this is not my experience should cruise right by without stopping. I saw a good one on where to get ES support/resistance lines by daily email gratis. The thread is packed.

My critic and I agree on one thing, takes aLOSER to pay a winner. Not much insight needed but accurate.

Amazing that no one offers a pray or "hopes" for your recovery. The saying you can only service one GOD effectively is apparent in these rooms. Again, Godspeed sir.

Attached Thumbnails
Click image for larger version

Name:	Screenshot (172).png
Views:	281
Size:	87.7 KB
ID:	256459  
Reply With Quote




Last Updated on December 4, 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