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Looking to leave equities trading, what new markets to trade?
- Thread starter spyglass
- Start date
Edge is inversely-proportional to liquidity.
Find a market with acceptable edge and liquidity. Equity markets are fish in a barrel in the small caps, but you can't hope to maintain edge when scaling.
FX offer fantastic liquidity, even with obscure OTC structured product; albeit full of noise and the volatility occurs in an instant. Very difficult market to game.
Find a market with acceptable edge and liquidity. Equity markets are fish in a barrel in the small caps, but you can't hope to maintain edge when scaling.
FX offer fantastic liquidity, even with obscure OTC structured product; albeit full of noise and the volatility occurs in an instant. Very difficult market to game.
The toughest part about being a retail trader I think is they(we, I) all start out not knowing what the heck they're doing. Then spend years searching and trying out methods that aren't valid. Once in a while they stumble onto a valid method and may actually discard it because they don't know what to expect from a valid method. I would imagine many quality individuals go belly up for lack of a qualified manager or boss not validating a method and defining parameters that the traders need to adhere. Once even a retail trader has defined a valid method along with trade and risk parameters and is committed then he really is a trader(pro) and will have to deal with actual trading obstacles. The difference being that the pro can make progress where as the retail trader fumbles trying this that and the other on a roller coaster of failures and successes that generally lead to a breakdown in discipline and risk control and blowout.
All the best spy, good luck.
All the best spy, good luck.
If you are having discipline problems trading stocks, then they are only going to be 10 times worse if you start trading futures. I suggest that you start trading spy or dia and if you can be consistent with one of them, then switch to ES or YM.
Look at TBonds, especially options.
DO NOT TRADE PORK BELLIES, LIVE CATTLE, FEEDER CATTLE, LUMBER, SUGAR....you just saved a ton with my advice! LOL.
Those markets are manipulated something awful.
DO NOT TRADE PORK BELLIES, LIVE CATTLE, FEEDER CATTLE, LUMBER, SUGAR....you just saved a ton with my advice! LOL.
Those markets are manipulated something awful.
Quote from spyglass:
I have traded for seven years with different levels of profitability over the time period. There has been some good years but the last year has been very difficult for me. I have only traded equities, occasionally options.
I am done with equities, I have lost too much money this year by trying to size up and take bigger risk. Scalping wasn't making enough so I changed strategies, tried to take larger more concentrated positions with longer holding periods. Well, it didn't turn out to be profitable and I have lost a decent chunk of change.
Instead of critiquing what I did wrong, I am more interested in what markets or products to trade. I want to spend a few months learning something new.
Any thoughts?