So the Broker GO FUTURES is like IB, I will try Go Trader, but you say that you use market order, and I want use limit orders, how do you know that the market don't go against you?
I don't know that the market will turn against me. If I did my winning percentage would be 100%. Before I used the market button, I used the limit orders.
As small as this may seen, when you use a limit order, say for a buy, you come down from above. Let's use 2900.25 and 2900.50. The market passes to 2900.50 and down to 2900.25 and you fill the order. The trend is down. You are expecting it to pop back up and then exit at 2900.50 for plus 1 tic. I found that the market took it down to 2900.00 more than I cared for. Moreover, if the market was about to move above 2900.25 then I missed the fill. Sometimes led to me chasing the market up and that really led to disaster.
I do use the limit orders under certain conditions. Not sure if it is wise yet but want to develop into a real trader. On days when I have over $300.00 in days profit, I experiment for two tics. Short of breaking even so far but closer to profit than I was say 4 months ago.
People say you are playing with the houses money but I disagree. Once I close a trade, the losses or the gains are mine. Don't like to give a penny back.
I have chronic pain issues and cannot sleep through the night. Have to stretch out every 3 hours or so. Tried real hard to figure the much slower overnight market and did extremely poorly. I just made the $12.50 from the currently moving market. The trade lasted 2 min 24 seconds. That's 30 seconds too long for me. I want to go again but I know better. Lessons from the past. Could have easily lost up to 62.50 and then the strong desire to get it back rears it's ugly head.
I start at 1030 after the first hour, volume is strong but not crazy like the opening. Not super busy and not super slow. Takes screen time, or at least it did for me, 2 years demo, almost 2 years live now.
Tradovate has an option called replay. Probably others do too. This allows you to go back in time and then replay the actual day, tic for tic. I believe it is $99 if you have no membership but check the sight. It has a speed feature from 20% to 400% actual speed. I slowed it down, 20%, for closer analysis and then 400% to learn to think faster. Developed muscle memory as a result. This was the tool that helped me the most.
You do not need to fund your account and as long as you are paying them for something, you get to use their platform and the simulator. If $99.00 hurts then use the heck out of it for a month and cancel the renewal right after you sign up so you do not forget. Go back to demo for a while. If you get better use it, if not, find another tool. Like I said, this was the tool for me.
The children are going to argue the point that one tic down is not a trend. To me it is. One tic down leads to many tics down in many cases. I always enter with a bracket, no reason for me not to and many reasons for me to. All based on my previews results. Get burnt enough and you will protect each and every trade if you do not want to bust faster than necessary. I funded 7 times to 11k before I made a dime. Call it what you want, I call it losing, some call it training expense, like college.