First Post, 3rd account

The usual guidelines are 5 years, 15,000 hours in front of a screen. To learn how to trade futures. The only cost at TST, is the cost of the combine. $175.00, for 2 months.Better to loose in a sim than real money in the market.
 
What are you going to do different this time? Obviously there's no record of success this far so change is imperative.

Long time frames, different entry/exit strategy, etc. What is different this time?
 
Pjort said:
HI Boskop,

what is happening at the FX area??

I have just read the book "Traders of the new era" which tells the story of succesfull traders that primarily trade stocks actually some trade penny stocks...
Why am I starting out with e-mini futures like many others beginners and thinking about the CL futures and you are recommending the FX??

please tell me...
More...

Well I just like FX so much better. Stock prices never seem to do what I think they would do. And it's open 24/5 :) The liquidity is amazing too.

I think it comes down to personal preferences. If you haven't checked out other markets, you should do. Perhaps you find something that suits you better.
 
Pjort said:
HI Boskop,

what is happening at the FX area??

I have just read the book "Traders of the new era" which tells the story of succesfull traders that primarily trade stocks actually some trade penny stocks...
Why am I starting out with e-mini futures like many others beginners and thinking about the CL futures and you are recommending the FX??

please tell me...
More...

If you haven't a robust trading plan, it won't make any difference whether you trade equity futures, oil, stocks, or forex; you are almost guaranteed to blow your account a third time.
 
It might be best to go with stocks. A bull market makes a genius out of everybody.

Or trade mini lots ( 1:10 or 1:20 leverage) in forex which makes you adequately capitalized.
 
trade sim til you learn to respect losing trades and master keeping them small,and learn to recognize winners and know when to hold em, save your money til then,market will still be here and so will your money,you can learn it with another few accts or for free
 
boskop said:
come over to FX
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yeah. so OP can get even more leverage and blow up another account even faster than 2 previous ones. yep. great idea.
BTW-perfect example why back testing is important. imo off course
 
Not cutting losses and moving stops have been my downfall. I have been working hard to change this and become more disciplined. I'm now keeping a journal, keeping good records of trades, and actually have a trading plan.
 
onemoreshot said:
Not cutting losses and moving stops have been my downfall. I have been working hard to change this and become more disciplined. I'm now keeping a journal, keeping good records of trades, and actually have a trading plan.
More...

Have you thoroughly tested it and is it consistently profitable? If not, the discipline issue is irrelevant.
 
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