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


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

  #1 (permalink)
 4tison 
PhuKet Island / Thailand
 
Experience: Advanced
Platform: Sierra Chart NT
Broker: IB / IQFeed
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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!

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  #3 (permalink)
 
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 TradingOgre 
Evans GA/USA
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How good are you at trading simulation or demo accounts? How much experience do you have?

You will need to keep stops as tight as possible but still give NQ some room to move. It can swing quite a bit fairly quickly. In my opinion it can be done but it is entirely up to you.

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  #4 (permalink)
 4tison 
PhuKet Island / Thailand
 
Experience: Advanced
Platform: Sierra Chart NT
Broker: IB / IQFeed
Trading: ES
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just for practical reason:

how tight a stop, should be set?

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

Thx in advance.

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  #5 (permalink)
 
cory's Avatar
 cory 
virginia
 
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Wishing to trade NQ LIVE with 2K, any advice?

4tison View Post
Seeking advices, if it is at all prudent or even practical

yes, if you meet these simple prerequisites;

1) set your demo account balance to 2K, and multiply it by 10X without any blow up
2) repeat this feast 3 times to avoid any streak of luck

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  #6 (permalink)
 4tison 
PhuKet Island / Thailand
 
Experience: Advanced
Platform: Sierra Chart NT
Broker: IB / IQFeed
Trading: ES
Posts: 133 since Jul 2018
Thanks Given: 136
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cory View Post
Wishing to trade NQ LIVE with 2K, any advice?


yes, if you meet these simple prerequisites;

1) set your demo account balance to 2K, and multiply it by 10X without any blow up
2) repeat this feast 3 times to avoid any streak of luck

Thx much cory. That would be really challenging.

OK, what must I do to accomplish your valuable suggestion No. 1?
Thx in advance.

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  #7 (permalink)
 
cory's Avatar
 cory 
virginia
 
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4tison View Post
Thx much cory. That would be really challenging.

OK, what must I do to accomplish your valuable suggestion No. 1?
Thx in advance.

there is only 3 things market can do, up, down or side way, if you think it's up, long only, down short only, side way step aside.

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  #8 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
Evans GA/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
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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.

Not to be harsh, but if you don't know that already you are not ready. NQ is a beast. Lots of potential for reward but also lots of potential for failure.

Don't be in such a hurry. Use your recovery time from surgery to play with NQ in a demo environment. @cory gave the best advice. Basically if you can't make it in the demo environment you will never make it in a live environment.

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  #9 (permalink)
 
Comeback King's Avatar
 Comeback King 
Tampa, FL/USA
 
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The trading learning curve is years not days, weeks or months. There is no guarantee that you will ever be able to be consistently profitable- ever. This game is about survival first...capital preservation. Anyone who says otherwise is lying to you.

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  #10 (permalink)
 
Blash's Avatar
 Blash 
Chicago, IL
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Experience: None
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I think some other choices should be consider.

Anything E-micro FX Futures...... M6E M6J M6B M6A etc....

With only such a tiny acct you are going to need to have super small risk and these choices are much better suited to that.

Remember the Big Boys of this profession are looking to do one thing and only one thing......

Transfer the money in your acct to their acct..... and it is all completely legal.

And they have every possible resource to accomplish this goal.

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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