My 1st day trading futures

[gobar]

how to trade Futures option in IB?

i cant find anything on IB website also..

thanks

 

[rcanfiel]

Quote from forex-forex:

I also am getting into the YM futures. Do you set stops? If so how far back?

Why are you asking stop-setting advice from a person who started a thread called "My 1st day trading futures " ??

EDIT - I see someone else also asked this later in the thread LOL

 

[nkhoi]

Quote from cashmoney69:

made 500.00 trading the YM. Awesome market. (paper trading)

try using ninja trader for more realistic fills.

 

[forex-forex]

Quote from rcanfiel:

Why are you asking stop-setting advice from a person who started a thread called "My 1st day trading futures " ??

EDIT - I see someone else also asked this later in the thread LOL

Good question: And My Reply

 

[cashmoney69]

Quote from rcanfiel:

Why are you asking stop-setting advice from a person who started a thread called "My 1st day trading futures " ??

EDIT - I see someone else also asked this later in the thread LOL

It might be my first day in futures, but I've been in stocks for a long time now. To answer your question: I didn't set stops because I didn't know how far down to set them givin the speed and volatility of the YM.

In equities I set a 1% stop on my capital..not sure if this is realistic on futures.

cm

 

[The Swordsman]

How come you pick an arbitrary amount (arbitrary to the mkt that is) as a stop?

My recommendation is learn the YM as best you can (probably need 6 solid months of really watching) and then you'll have a better idea where to set your stops. Picking a % or whatever is only significant to you, the mkt has no idea you are even there but you know its there

Quote from cashmoney69:



In equities I set a 1% stop on my capital..not sure if this is realistic on futures.

cm

 

[saxon22]

Since you are sharing, here is mine for today.


Disclaimer, it is paper and it is not my first day.

 

[forex-forex]

Quote from JimyJam:

Well, do you see what they mean now forex-forex? ...

Fuggedaboutit.

JJ

JJ....As you can see from my post I have experienced that with my trades. Now the tricky part is how much of a beating are you willing to take and risk not having a retrace? 20? 50? 100? 250 points? At $5.00 a tick it adds up.

 

[Tums]

Quote from saxon22:

Since you are sharing, here is mine for today.


Disclaimer, it is paper and it is not my first day.

nice dream.

if you can't sim one at a profit, anything else is just a silly game that bemuses the bored. Obviously realistic profitability is not your desired destiny.

 

[nkhoi]

Quote from saxon22:

Since you are sharing, here is mine for today.


Disclaimer, it is paper and it is not my first day.

ecry paper trade ranks at bottom of the heap, within 5m of playing with it I started pulling in some serious number. Your best bet is switch to ninja interface or some other platform that offers more realistic fills.