I want to trade futures... oh and I'm 17
- Thread starter Matasulous
- Start date
Jack,what kind of science is used to deduce the particle of the Universe called ''scratch''?
Your post is unfortunate.
Certainly a lot of traders believe what you post. That is anyone's perogative.
Ask yourself someday: "Why wouldn't my Algebra I teacher allow me to do this?"
Granted this is the US where teachers are draw from the bottom 1/3 of the college spectrum. (In Finland, the top 10% are used.)
The horizontal line. Turns in trading are marked with a horizontal line.
Science is a deductive process. Longs and shorts are defined and have no Venn type overlap. In the Universe of all possible longs and shorts, there is a value of slope which is excluded from each subset (long, short). This value is powerful as a consequence.
If a long or short is going to "fail", then a horizontal line is useful to point out in advance when the failure is arriving.
I use a green ray as a bookmark for each turn. To use a more sophisitcated and earlier signal I invented the BO T1. It is a combo of signals from two variables. By adding a more sophisticated arrow to the quiver, even failure of trends makes money.
The zero slope line is like the division lines in the periodic table. first you may only discover vertical divisions but later you will also see horizontal divisions.
Scratch is a simple term. In games of chance, there is no scratch. Why? it is because you have to pay admission to play. In trading this is called commision or seat cost. The BO T1 takes care of scratch quite nicely.
Can you step up the quality of your Q's, please?
Quote from Rorschach_test:
Here is the test.did i measure it correctly?
No.
So reasoning is not your bag. that's okay.
If a variable is being examined, data points are collected.
If the system of collection is poor then nothing is accomplished.
Often uniform time lapses are used to collect data.
To trade stocks, I made a chart that contains uniform time lapses (30 minutes). A whole system emerges and I placed it on one page.
You may be using market data to trade.
Volume is compared to volume.
I have always done this.
About 15 years after I started, in the 70's RDBMS came into being. The reason was that it was very useful for solving problems.
as you compare volume to volume, you will develop a vocabulary to describe the OOE of volume as trends occur.
thank you for being an example.
If you get past the stumbling block of not being able to compare volume to volume, then you will be able to understand Keynes a little bit.
"complete" and "in-kind" will also be stumbling blocks.
The dependent variable requires knowledge of what "continuing" and "change" mean in methematics.
At some point what I suggest becomes a "rabbit hole". This subjunctive terminology comes from a lack of ability to handle definitions, relationships and operating systems.
Names are used to provide a handle which to attach definitions.
This all snowballs into a very difficult reading experience for a person who cannot work.
No thanks.
check with your algebra teacher; he/she will explain why I am passing.
To the OP -
1. It's great you are interested in the markets at such a young age. Don't rush it, you do have time on your side.
2. Try to keep it simple. You're going to get overwhelmed w/ 'stuff' on how to trade. Since you have time, you can test a method or two out and see how you like it. But keep your charts on the simple side or you will get analysis paralysis.
3. There are some good books/websites on trading, but IMO you need to find your own way. Someone can trade off a 100 tick chart making pennies many times during a day, but you could be completely turned off by that. Someone else can trade once or twice a day and make money, but you want more action. You really do need to find your preferred style - scalping, day trading or swing trading are the commonly used terms. IMO scalping requires an automated system so day trading is best for intraday. The most important thing is finding what your temperament and risk tolerance is and then working around that. You may like to be in and out fairly quickly, but doing it multiple times in a day; or you may prefer to put 1 or 2 trades on and let them go. You might prefer a 90% win rate, even if it means risking more than your profit target; or you may zero in on the risk-reward and not be concerned with your win rate. Some people want to hit singles all day and others want the home run.
I did not grasp this for awhile. I thought if I bought a winning system, then it would win for me. But at some point, your emotions WILL become a factor even if you're automated.
4. You don't need to spend much getting started w/ trading education. You can find a lot of great resources online for free. The exchanges have educational areas too. If you seriously consider purchasing a system, make sure you see real statements. If the vendor won't provide them, move on. I also learned this the hard way. I assumed if a system cost a lot, then it must really work... Ironically enough, what I settled on was through a small website that I've spent maybe a couple hundred with.
5. Equally important as finding your temperament is monitoring a basket of markets. All markets are NOT created equally. In the futures markets, there is a big difference in trading an index vs. gold. vs. oil. vs. nat gas. vs. soybeans. And the system you are trading will react very differently to those markets. I used to think that if you had a really good system, it would work on all markets in all conditions. Well reality is that some markets are just easier to trade than others depending on your system. After many years, I have settled nicely into soybeans. There's many reasons for this, but give me a soybeans charts over the S&P any day of the week.
If you want to talk more off here, feel free to drop me a PM.
Good luck and remember this is not a get rich quick thing, it will require many hours of study and the market will f&ck with your mind like you've never experienced before. If you think women can mess with your mind, you haven't seen anything yet.
1. It's great you are interested in the markets at such a young age. Don't rush it, you do have time on your side.
2. Try to keep it simple. You're going to get overwhelmed w/ 'stuff' on how to trade. Since you have time, you can test a method or two out and see how you like it. But keep your charts on the simple side or you will get analysis paralysis.
3. There are some good books/websites on trading, but IMO you need to find your own way. Someone can trade off a 100 tick chart making pennies many times during a day, but you could be completely turned off by that. Someone else can trade once or twice a day and make money, but you want more action. You really do need to find your preferred style - scalping, day trading or swing trading are the commonly used terms. IMO scalping requires an automated system so day trading is best for intraday. The most important thing is finding what your temperament and risk tolerance is and then working around that. You may like to be in and out fairly quickly, but doing it multiple times in a day; or you may prefer to put 1 or 2 trades on and let them go. You might prefer a 90% win rate, even if it means risking more than your profit target; or you may zero in on the risk-reward and not be concerned with your win rate. Some people want to hit singles all day and others want the home run.
I did not grasp this for awhile. I thought if I bought a winning system, then it would win for me. But at some point, your emotions WILL become a factor even if you're automated.
4. You don't need to spend much getting started w/ trading education. You can find a lot of great resources online for free. The exchanges have educational areas too. If you seriously consider purchasing a system, make sure you see real statements. If the vendor won't provide them, move on. I also learned this the hard way. I assumed if a system cost a lot, then it must really work... Ironically enough, what I settled on was through a small website that I've spent maybe a couple hundred with.
5. Equally important as finding your temperament is monitoring a basket of markets. All markets are NOT created equally. In the futures markets, there is a big difference in trading an index vs. gold. vs. oil. vs. nat gas. vs. soybeans. And the system you are trading will react very differently to those markets. I used to think that if you had a really good system, it would work on all markets in all conditions. Well reality is that some markets are just easier to trade than others depending on your system. After many years, I have settled nicely into soybeans. There's many reasons for this, but give me a soybeans charts over the S&P any day of the week.
If you want to talk more off here, feel free to drop me a PM.
Good luck and remember this is not a get rich quick thing, it will require many hours of study and the market will f&ck with your mind like you've never experienced before. If you think women can mess with your mind, you haven't seen anything yet.