My high school summer job: trading the NQ

Quote from zdawg164:



Surdo, you might be a LITTLE dissapointed with that theory. I've seen 9's and 10's in my school who were willingly getting in cars with guys who owned shitboxes. I know, I know, it SUCKS huh?
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Good. It means they're not whores who simply jump in the 'hottest' car on the lot, they go for good guys.
 
My kind of thread. I'm 20 and I plan to trade the NQ as well, in time. I'm not ready yet. You may have issues opening an account at your age, but i doubt it will be anything you cant get around. Futures are where its at for sure. I think the leverage aspect is scary to a lot of people, but I for one wouldnt have it any other way. Cant be any scarier than real estate where you can (or used to be able to) leverage $700,000 with $25,000. Shit keeps you up at night, I love it. Good luck on going live! Soon I will be trading with you (or against you), hopefully we won't blow our accounts. Where did you get the NT sim?


post a journal, i'd love to follow along :cool:
 
Quote from zdawg164:

I have been trading the NQ through the NT sim, (which is ultra realistic).
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While I wish you the best of luck in your endeavor, trading on the NT sim is not “ultra realistic.” Check back after your first week, and I think you will be able to recognize what I mean.
 
Quote from HSC.1775:

While I wish you the best of luck in your endeavor, trading on the NT sim is not “ultra realistic.” Check back after your first week, and I think you will be able to recognize what I mean.
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I would say nothing is realistic unless you are trading with REAL money, as that is the biggest factor in any decision making process usually.
 
well i don't want to sound like a shill but you might want to check out keystonetrading.com or a similar deal. If you have 4k you might actually be able to learn to trade, instead of blowing through your 2k in a week, which i hate to say is the most likely outcome of this. (speaking from experience)
 
Quote from baggerlord:

well i don't want to sound like a shill but you might want to check out keystonetrading.com or a similar deal. If you have 4k you might actually be able to learn to trade, instead of blowing through your 2k in a week, which i hate to say is the most likely outcome of this. (speaking from experience)
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I know I'm a noob but how would he blow his whole acct trading intraday with 1 contract with tight stops in one week while only trading for 3 hours per day? I know its possible, but is it really that likely?
 
2k might be enough for 1 NQ if he was already an experienced profitable trader. It is abolutely not enough to learn on, unless he is either lucky or a genius trader or both. 6 tic stops are pretty tight, he'll need some precise entries to make that work.

Having said all that, I wish him the best of luck.
 
could you explain a little more? I see how he could lose money of course, but with the stops so tight wouldn't he have to have a large amount of losing trades in a row to blow the acct? Example if the stop is placed 2 points lower on one contract that is a loss of $40. If he's only trading one contract at a time that means he would have to have to be stopped out quite a few times(like 50) to blow through the 3,000 in a week. And he's only doing a couple round turns per day. I realize the nq is volatile and anything can happen, but do you see my point? I'm more curious than argumentative. Advice is appreciated.
 
Quote from jonbig04:

could you explain a little more? I see how he could lose money of course, but with the stops so tight wouldn't he have to have a large amount of losing trades in a row to blow the acct? Example if the stop is placed 2 points lower on one contract that is a loss of $40. If he's only trading one contract at a time that means he would have to have to be stopped out quite a few times(like 50) to blow through the 3,000 in a week. And he's only doing a couple round turns per day. I realize the nq is volatile and anything can happen, but do you see my point? I'm more curious than argumentative. Advice is appreciated.
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Between the churn, slippage, commission and back & fill (which will blow him out of his tight stops and then move in the direction of the initial trade) his account will most likely be cut to ribbons.
 
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