Am I missing something: Newbee question!
I am trading on the NASDAQ on and off for 10 years now with moderate success.
One important thing (to me at least) I have learned is that you can only make money if you have and invest money.
I donât believe in small size trades and always work with high volume size trades. (as opposed to 1 contract trade)
I have just started with futures (for 3-4 months) and I am testing with various free test platform (like Best Online) to trade E-mini futures on the NASDAQ.
Until now I see that I succeed to make some 20,000 - 30,000$ per month. Which in my book is absolutely unbelievable!!!
My question is : AM I MISSING SOMETHING ???
What I am doing is only one to two trades per day.
I work with 20 to 30 contract per trade (~30-40k$)
I work with the following technical graphs:
- Intra day Price (obviously) for the immediate decision of Enter / Exit
- Intra day Williams%R(10)
- 2 day Williams%R(15)
- intra day MACD(12,26,9)
- Slow Stochastic (10)
- 3 months Williams%R - to know the general market direction)
- 3 months MACD(12,26,9) - to know the general market direction)
- 3 months Slow Stochastic - -"-
I choose the most extreme positions of the graphs (for long position): W%R close to 100, MACD on the lower bottom possible etc⦠and than I get in.
I get out when I make a 1000$ which because of the high volume happens after a few ticks.
When I make the 1000 or 2000 that day I go and rest and play with my children.
Last month I got 25k$ in the TEST platform mind you!!!!!!
So what am I missing here?!?!?!
thanks in advance for even reading the post!
I am trading on the NASDAQ on and off for 10 years now with moderate success.
One important thing (to me at least) I have learned is that you can only make money if you have and invest money.
I donât believe in small size trades and always work with high volume size trades. (as opposed to 1 contract trade)
I have just started with futures (for 3-4 months) and I am testing with various free test platform (like Best Online) to trade E-mini futures on the NASDAQ.
Until now I see that I succeed to make some 20,000 - 30,000$ per month. Which in my book is absolutely unbelievable!!!
My question is : AM I MISSING SOMETHING ???
What I am doing is only one to two trades per day.
I work with 20 to 30 contract per trade (~30-40k$)
I work with the following technical graphs:
- Intra day Price (obviously) for the immediate decision of Enter / Exit
- Intra day Williams%R(10)
- 2 day Williams%R(15)
- intra day MACD(12,26,9)
- Slow Stochastic (10)
- 3 months Williams%R - to know the general market direction)
- 3 months MACD(12,26,9) - to know the general market direction)
- 3 months Slow Stochastic - -"-
I choose the most extreme positions of the graphs (for long position): W%R close to 100, MACD on the lower bottom possible etc⦠and than I get in.
I get out when I make a 1000$ which because of the high volume happens after a few ticks.
When I make the 1000 or 2000 that day I go and rest and play with my children.
Last month I got 25k$ in the TEST platform mind you!!!!!!
So what am I missing here?!?!?!
thanks in advance for even reading the post!
