Is there anybody out there that day trades futures? if so i would really like to talk to you about it and any advice you can give me would be great.
Thank you
joey juneau
Thank you
joey juneau
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Futures Day Trading
- Thread starter joey juneau
- Start date
I've been in the market for 8 years. I day trade futures when markets like Oil currently get too choppy, otherwise I swing trade for 3 days to 3 months. What questions do you have?
my main question would be what is the minimum account size to trade futures?
or how much would ideal?
It depends what you're looking to do. If you're looking to make a living, then you probably want 100,000 dollars or more. If you're looking to speculate and learn in the markets and don't have a great deal of experience, I'd recommend 10,000, or even going to Optionshouse, and opening a 5,000 dollar account. The benefits of a 10,000 dollar account is that you can take positions while practicing a certain basic balance of risk control in the futures market and money management which is the key to success in the markets. You can practice money-management witch 5,000 dollars you're left trading some Agricultural Mini futures, and Bond Market Financials, but it can work.
I started with 10,000 dollars cause I didn't know much about Futures but was interested in the leverage, I lost 4,000 dollars swing trading and day trading them in the first 2 months. I did have a great success that year, and the years that followed, and I'm having a great success this year. I'm doing this cause I got out of my Brexit recovery trades last week, up 264% for the last 3 months, and the wife wanted a vacation and didn't want me trading.
I started with 10,000 dollars cause I didn't know much about Futures but was interested in the leverage, I lost 4,000 dollars swing trading and day trading them in the first 2 months. I did have a great success that year, and the years that followed, and I'm having a great success this year. I'm doing this cause I got out of my Brexit recovery trades last week, up 264% for the last 3 months, and the wife wanted a vacation and didn't want me trading.
ok thats great info. Thank you! i think 10,000 is a good starting point i just will need to keep my stops tight and control my risk
If you plan to day trade, or do any form of technical trading, always remember to use two times in your chart, One time, the longest, to enter a trade, the shortest to get out of the trade. I use a 1/3 or 1/4th times, depending on volatility. There's a trend in every market if you know where to look.
yeah i use several different time frames to daytrade