please recommend good books for futures trading and day trading?
- Thread starter mizhael
- Start date
I find it incredible that you keep using the letter Z in almost every new alias you use and nobody catches it or makes a note of it....
Unbelievable
Now that you mention it, I notice it too...:eek:Quote from Optionpro007:
I find it incredible that you keep using the letter Z in almost every new alias you use and nobody catches it or makes a note of it....
Unbelievable
You are going to have to plop yourself in front of the screen for ~1-2 years. Within that time, you need to watch the markets very carefully and thoroughly, how they operate and concoct an approach based on your findings. You are going to have to do a lot of trial and error and have the ability to not only learn from your errors but use that knowledge to refine your technique.
If futures daytrading is what you are after, you are in for an all consuming journey. This better be your true passion otherwise you're destined to fail. If it IS your passion and you give it enough time like I've outlined above, there is no reason why you shouldn't be able to make large sums of money daily.
If futures daytrading is what you are after, you are in for an all consuming journey. This better be your true passion otherwise you're destined to fail. If it IS your passion and you give it enough time like I've outlined above, there is no reason why you shouldn't be able to make large sums of money daily.
Well, movement of price is what allows one to profit so I would start by learning an instrument (eg CL, YM, ES) and watch price very carefully. Learn the intricacies of its movement. When you got a large move in one direction, what preceeded it? What patterns can you associate with what outcomes? This builds intuition and also builds confidence.
You are most certainly going to make mistakes, mireads, miscalculations. This is normal and all part of the learning process. Over time, you can start to filter situations out that don't provide you with much opportunity and focus in on the few times a day the market really speaks to you. This is a long and ongoing process which is why I mention being dedicated 100% and passionate about the journey.
You are most certainly going to make mistakes, mireads, miscalculations. This is normal and all part of the learning process. Over time, you can start to filter situations out that don't provide you with much opportunity and focus in on the few times a day the market really speaks to you. This is a long and ongoing process which is why I mention being dedicated 100% and passionate about the journey.