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No account, no matter how large, will allow you to scale in forever so that you always get out with a profit. So you should get rid of that thinking, scaling in/ averaging down to always get out with profit. Thats not the way to do it. Thats how many traders, not only beginners, blow their...

If one can afford it, I recommend scalping with multiple entries, scaling in and scaling out. Helps to smooth your PnL and once you start trading bigger you dont run into liquidity issues as soon on contracts like the NQ, especially when going with momentum/ breakouts.

nooby_mcnoob wrote it down in the first post in this thread: Control your risk. Trade small. Better to just go for 20 or 30 USD per day at the beginning with the MNQ or MES. Most important thing is you stay in the game, with most of your capital.

With experience, you will be right more often. And those times when you are not right, you cant allow your PnL to get out of control. If you make 1k days on most days, if you have a -3k or -5k day once in a while is not a big problem. But dont allow those days to go to something like -20k or worse.

Yes. Easier to not allow yourself to get into big drawdown.

Might work, if you start with 2 millions :D

Always made more sense to me. Like an insurance company, you collect the "premiums", many of them. Once in a while, an "insurance event" happens and you have to give back a bit. The challenge is to keep the losses from these rare events less than the cash that you collect regularly with your...

The advantage of the small trader is, you can take trades the real big players can not. With your 1-10 lots, you can hopp on every small breaktout, even on the 5m chart, and scalp a few ticks out of it. Cant do that if you try to move huge size, no matter which market. Thats one of the reasons...

Get used to get punched over and over again. It is part of the game. I use a simple retail platform for futures trading. A simple 1m and 5m chart, and a DOM. Markets NQ and ES for the past 2-3 years. Before lots of FESX, FDAX and FGBL. I try to anticipate what the market will do within the...

All that mattered to me was to make money, be green as often as possible, day by day, making a consistent income from scalping the markets. I achieved this by putting in the work, hour after hour, day after day, year after year. I had lots of fun on my way, because I love this game, and so I...

Oh yes, the mighty edge. Might it be possible to just improve a little bit over the weeks, months, years, if you sit there in front of your screen and do 100+ trades per day ? Dont you think one would improve and have the chance to become pretty consistent at this game ? Might this be your edge ?

I dont know about the rest of your post, maybe some stuff ist true, but it is way too much words for my taste for something as simple as trading. But your points about risk, this is something that I think could turn around trading for many many beginners, who think about making hundreds or...

Several brokers, one of them is AMP. I scalp NQ and ES mostly

I had an account with Cannon Trading (as an introducing broker for Transact Futures) years ago. I was very happy with that combination at that time, especially the service that Cannon provided was outstanding. Whenever I had a question or something to discuss, I had my account manager and he...

Have you tried Rithmic Rtrader instead ? For pure manual trading, especially scalping, I like it much more than than the Ninjatrader platform. And you would have the advantage to have both, the data and the platform from the same provider.

One of the worst risks of a highly leverade futures trader is a black swan event, a shock that makes the market drop >10% within seconds without the possibility for you to get out. In such a situation, with a highly leveraged futures position, you can lose multiples of the balance in your margin...

There are other benefits from CFDs over futures. They are an interesting alternative to futures, especially if you are from Europe.

Hi PBS, which broker offers that "setup 1" with the escrow account ?

You can fade those spikes, add liquidity. There is no obligation to trade with momentum.

Depending on your skill level and experience.