Advice from Futurestrader71

[MacBookProHo]

NVDA...Nancy Pelosi makes the future.
Good luck predicting the geopolitical insanity.

It's virtually impossible to predict the future, or far future, of anything. At this point, you are completely, just, gambling -- and being a fool,

However, if you can shrink that window down to a small window....say a day/intraday.....then the situation drastically changes from a gamble to a real world possibility of nailing and predicting your hypothesis with reasonable accuracy,

This wisdom lesson observation can have a profound impact to a trading account if you understand it, digest it, and can apply it,

 

[SunTrader]

NVDA...Nancy Pelosi makes the future.
Good luck predicting the geopolitical insanity.

And your future is more of the same nonsense. Talk about predictable.

 

[guest_trader_1]

Digging into his profile I landed at his new venture:

https://edgeclear.com/

They seem to offer a pretty well designed platform for Futures.
As always, at this side of the pond, it is not available. But for you 'muricans it seems to be a good deal if you trade Futures.

 

[hilmy83]

Digging into his profile I landed at his new venture:

https://edgeclear.com/

They seem to offer a pretty well designed platform for Futures.
As always, at this side of the pond, it is not available. But for you 'muricans it seems to be a good deal if you trade Futures.

1.28 rt for mes ..no thanks

 

[zghorner]

It doesn't matter what you trade, and how you trade, in the market,
It's all about a trader's ability to know the future....,if you Don't know the future....then the game is essentially over for you,
Your trading account will just be whipsawed around like the fishing boat in the movie The Perfect Storm,

And for the most part, this is where all traders are essentially completely gambling -- and why 99.4% essentially fail or make no substantial, serious, progress,
Everyone likes to kid themselves....they have edge, skill, process, and understanding and even decades of so-called experience.....when in reality, they don't have nothing,

View the casino not from the trading floor, but from the highest vantage point in the building, -- and that perspective will make the larger image seem clearer of what is happening and unfolding,
Who are the fools and rough....and who are the true professionals and diamonds in the rough,

I was going to type up an argument and support it with my experiences on how options offer some unique challenges blah blah blah but honestly its all just ego trying to justify my failure. The truth is I was just way too slow to catch on to the basic principles of options trading...buy cheap options, sell expensive ones, and blew $100k on get rich quick dreams.

 

[Sprout]

It's virtually impossible to predict the future, or far future, of anything. At this point, you are completely, just, gambling -- and being a fool,

sun up tomorrow
crops planted grown harvested
liquidity hunt

 

[MacBookProHo]

I was going to type up an argument and support it with my experiences on how options offer some unique challenges blah blah blah but honestly its all just ego trying to justify my failure.

The truth is I was just way too slow to catch on to the basic principles of options trading...buy cheap options, sell expensive ones, and blew $100k on get rich quick dreams.

There's nothing wrong with options trading. Though mostly online it's marketed and presented in a way that's practically a get rich quick scheme. Because it can make you rich fast, if you truly know what you are doing.

Cheap options, also known as lottery tickets, are cheap for a reason. It's not likely to pay off, hit.
Selling expensive options, when volatility is high, is actually a decent strategy a lot of people do.
There's just too many wild, unknown, variables with longer term options buying and selling.

Here is the wild and sexy part, what most of those get rich quick options websites present: If you are able to day trade options....then you can make those nice percentage returns. But you can also lose the trade quickly, vice versa, if you don't know what you are doing.
Again, it's all about your ability to know the future,

 

[Frederick Foresight]

Except Class IV milk futures!

Rule #1: Don't cry over them.

 

[Frederick Foresight]

It's all about a trader's ability to know the future....,if you Don't know the future....then the game is essentially over for you

Parody?

I don't guess and gamble this early in the day. I establish a reasonable, likely, hypothesis, then wait for that trigger point in real time and ride that wave movement for all its got,

No, then you're reacting rather than predicting. If you could "know the future" as you claim you do, then you wouldn't need to wait for a trigger because...you already know the future. Right? Waiting for a trigger is aligning and reacting.

 

[MacBookProHo]

you're reacting rather than predicting.

If you could "know the future" as you claim you do, then you wouldn't need to wait for a trigger because...you already know the future. Right? Waiting for a trigger is aligning and reacting.

Trading the market is part art, part science. Part predicting, part reacting.

Timing is everything. You wouldn't want to immediately bet up or down at the opening bell.....and sell at closing. You would gain marginal, trace, amounts of profit. If anything at all.
The devil is in the details....if you could ride the major, intraday, wave....your success and profits will be so much more.

I hate dumb questions like asking someone if the market will be up or down tomorrow or by next week or month. And if you don't know the answer, you are dumb. Trying to guess that answer are for complete gamblers, and fake analysts.