how to start futures trading (emini)

Surprise said:
Whats the "mean reverting auction" has to do with our topic - money management - ? Yes you can make money trading but whether you understand how to trade an auction market or not as you put it you shouldn't over leverage your account = Trading101 .

I am surprised that an old member is even suggesting and defending this idea ! To over leverage your account to the point that yesterday's range = 20% of your whole account and at a low Vix - 13.5 - environment !
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Who said anything about over-leveraging? We were talking about one (1) contract. Of course, there are several simultaneous sub-threads going on in this thread, so you must have stepped through a dimensional barrier.
 
AAAintheBeltway said:
>>I've got you in my little notepad as someone who hasn't been all that constructive in the past, so I know better than to argue with you, but I should perhaps explain this point just a little better to at least the original poster.<<

I'm sorry I haven't lived up to your expectations in the 9 whole months you've been on ET.

All I'm saying is that it isn't as easy for a newbie with a very small account trying to trade in real time as it is to look at an historical chart and say how much money good entries and exits would have made you. It is possible to do pretty much what you said. My experience has been however that most find it next to impossible to do.

Why that is so is an interesting question that I don't have the answer to.

The OP has never used charts and is looking for guru sites to give him signals. What do you think his chances are?
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I tend to forgive so you still have a chance to get in my good books! LOL

In all fairness, I completely understand how you say its not easy. The chart at the end of the day just doesn't look the same as it does in real time. But in trading you never know, you just have a statistical edge that you have to act on every time without fear or emotion. Most can't, and hence why I said that you are always your biggest problem. But none of this means that the technique can't be learned and applied, even to a small account, for consistent daily returns allowing a person to live off their trading income.
 
dbphoenix said:
Who said anything about over-leveraging? We were talking about one (1) contract. Of course, there are several simultaneous sub-threads going on in this thread, so you must have stepped through a dimensional barrier.
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Trading 1 ES contract with a 6K account , that's over leveraging . Wasn't that the whole idea ?
 
Surprise said:
Trading 1 ES contract with a 6K account , that's over leveraging . Wasn't that the whole idea ?
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It's not over-leveraging with a thoroughly-tested and consistently-profitable trading plan.
Do you have one?

In any case, the OP never mentioned the ES.
 
dbphoenix said:
It's not over-leveraging with a thoroughly-tested and consistently-profitable trading plan.
Do you have one?
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Rofl .
Its over leveraging when the Vix is at 13.5 - low - , and your whole account is just = 5 Daily ATR ! If thats not over leveraging then what it is ?!
 
dbphoenix said:
In any case, the OP never mentioned the ES.
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He said emini , so it doesn't make a difference whether he meant NQ or ES , the NQ daily range is bigger and in $ terms it is nearly equal with the ES so we are back at : whole account = 5 Daily ATR .
 
dbphoenix said:
It's not over-leveraging with a thoroughly-tested and consistently-profitable trading plan.
Do you have one?

In any case, the OP never mentioned the ES.
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You mentioned this like 10 times in this thread.

Tell us about your consistently profitable plan. Maybe you should work for or start a hedge fund with that strategy. You'd be a billionnaire in no time with such assured methods of profiting.

Its sad. I have to admit, I clearly don't have this skill either of having a system that guarantees consistent profits. Most of the time I just try to make more winning trades than losing ones to get ahead by slowly growing NAV.

So far, this thread has taught me (1) I need to learn how to time markets to perfection and (2) find a consistent winning method to trading that generates consistent profits, because clearly everyone has found the magic sauce. I am far from an elite trader thats for sure.
 
Surprise said:
He said emini , so it doesn't make a difference whether he meant NQ or ES , the NQ daily range is bigger and in $ terms it is nearly equal with the ES so we are back at : whole account = 5 Daily ATR .
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Maybe these ballers day trade silver futures also.
 
Surprise said:
Rofl .
Its over leveraging when the Vix is at 13.5 - low - , and your whole account is just = 5 Daily ATR ! If thats not over leveraging then what it is ?!
More...

Surprise said:
He said emini , so it doesn't make a difference whether he meant NQ or ES , the NQ daily range is bigger and in $ terms it is nearly equal with the ES so we are back at : whole account = 5 Daily ATR .
More...

It doesn't matter if one has an appropriate trading plan. What is yours?
 
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