people who trade futures are extremely dumb...

Quote from emg:

Futures are considered one of the riskiest investments in the financial markets - they are for professionals only.

Professionals invest more than $50K to trade in the futures due to high volatility and leverage.

It is absurd to start $2k trading in the futures market. Futures market is only for PROFESSIONAL TRADERS (Prop Trader, hedge trader, HFT Trader, managed fund trader)

Futures Trading is no room for Beginner and Amateur who wants to start $2000!!!!

This title of this thread is

people who trade futures are extremely dumb...

obviously, we know who the dummys are in this thread


Meaning, Beginner and Amateur.

If you want to learn how to become a successful futures trader, get a master/PHd in Math or work with Fund Managers (funds have Phd like George Soros and others).

Or work in Goldman Sach along with tons of Master and Phd degree traders.

THAT SAID!
More...

You remind me of Obama....Emperor without clothes...

The point you are trying to make related to appropriate leverage (if you have the ability to recognize that) is valid...

Your comments suggest that you are somewhat immature with an inkling of intelligence ...BUT

To suggest that successful traders need to 'get a masters (Should be capital) or PHd is simply absurd...which again suggests you are somewhat naive and simply arrogant..and young...

There is a certain point where it is better that you refrain from commenting even if you have a poorly managed balance in 'excess of $800,000 in your brokers account'...capiche!!

You can look silly even if it is unintended...

NiN
 
Here is another interesting thread why and how a professional futures traders make huge money. They know that $100K account is needed instead $2000 account or $5K or $10K or $20K


SethArb

Have you considered going back? I've been clearing through a FCM. But the money these guys make is phenomenal. Obviously, it wouldn't be wise for me to jump right in. I've spent alot of time learning and speaking to guys on the floor. I actually would prefer starting out as a clerk before putting up a $50K bond, leasing out a seat (2 months needed) and putting up the capital to trade. I figure I need at least $100K before making one trade. Some of these guys started out at NYBOT. The initial costs are, of course, much less than the MYMEX. Knowing what you know would do it now?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=53845&perpage=6&pagenumber=1
 
Futures Trading is not get rich quick by investing $2K, $5K, $10K, $20K. Obviously, 99% in this thread does not understand the risk involves trading in the futures market and yet trading such a small amount of capital thinking they willl get rich quick.

That is why 97% of the people lose trading in the futures market. They dont understand the CFTC disclaimer: Futures Trading is not for everybody and only risk capital should be used.


That Said!!
 
Quote from Now is Now:

You remind me of Obama....Emperor without clothes...

The point you are trying to make related to appropriate leverage (if you have the ability to recognize that) is valid...

Your comments suggest that you are somewhat immature with an inkling of intelligence ...BUT

To suggest that successful traders need to 'get a masters (Should be capital) or PHd is simply absurd...which again suggests you are somewhat naive and simply arrogant..and young...

There is a certain point where it is better that you refrain from commenting even if you have a poorly managed balance in 'excess of $800,000 in your brokers account'...capiche!!

You can look silly even if it is unintended...

NiN
More...

Emg is right. the best traders do have master or doctor degrees.

Trust me, I know. Master Degree in Science Program in Computation for Design and Optimization at MIT.
 
It is possible to make huge money trading futures, but the type of people that trade futures are never satisfied. Most will trade until all their gains are gone and some equity. A wise futures trader is perhaps the man that closes his large account with a 70% return, buys real things with the money, and never trades again.
 
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