Trading Future for a living

20 K is a lot of money
And i have been trading part time and yes i have knowledge about futures leverage discpiline risk management
But i know full time it will a very stressfull job
$750 a week is not hard since your know in futures u can make big or loose big
I like to take only shorts and when i open a position i go 1 long and 1 short in the futures9.30 based on my system i have a plan depending on my research ) and my week,s target should be $750 ( which i know can also be done in a day ) but dues to losses and profit i like to keep a decent target
Rest i know discipiline is very important.
 
he`s better off with 20k to start..........less is more in this situation as the tuition cost will be relatively less painfull.
 
Quote from Astrologer:

Hi
Well i have decide to trade full time ( only future ES NQ YM ) for a living
I will be getting laid off in feb so i have decided to jump in to trading
I like to scalp on the ym and the NQ , and for the ES i like to play accordingly to the Hi and low
I will be using Stradgey runner ( Global Futures ) as my platform
I will be starting out with $20K + 2K for expenses and will be looking to make ( or what my target is $2500 a month the 1st 6 month and then on my performance i will try to go higher
Single 29 years old dont have to worry about family
how many pll on ET are trading future for a living and any good advice do let me know
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I am assuming that you have a profitable method and know a lot about risk and money management .
If yes, then

1/ Stay away from ES for couple of months.Trade just NQ,YM ER.
2/Do a lot of simulated trading and be very profitable before you will trade for real.
3/Start with 10K .
 
Quote from Walther:


1/ Stay away from ES for couple of months.Trade just NQ,YM ER.
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Trade ER before ES?? Are you crazy? Obviously you haven't traded ER because it is the fastest, thinnest and most volatile futures contract there is. The ES is a gentle giant compared to the ER.
 
I thought the ER is very volatle NQ YM AND ES look,s Good to me
YEa i think 10K should be enought as i dont want to get over aggressive ( you know when u have a lot of money or buying power u get overy aggressive )
Just have to pratice on the discipline still have 4 month to go
so getting ready now :)
 
Start with 1 contract is teh best adive I can give. believe losing with more size depletes you capital faster than dipping into trading account for life. Set dollar figures like that are real hard. Limits you in good months, makes you over trade in bad months. Trade small and within yourself an decide in 3-6 months wether to contiue, increase size, or give up.
 
I have just begun reading,researching and learning trading in all forms. Could you guys breakdown for me what the NQ,YM,ER, ES is?

Thanks a ton and keep up the great work around here...been a wealth of knowledge in a very short time!
 
Quote from JR711:

ICould you guys breakdown for me what the NQ,YM,ER, ES is?

Thanks a ton and keep up the great work around here...been a wealth of knowledge in a very short time!
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NQ is NASDAQ futures
ym is DOW futs
ES is S&P futs
ER... i dont know what that one is.

I read that YM has larger spreads than ES and therefor makes it better for a beginner in futures.
 
Quote from zerosum111:

Trade ER before ES?? Are you crazy? Obviously you haven't traded ER because it is the fastest, thinnest and most volatile futures contract there is. The ES is a gentle giant compared to the ER.
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My advice was to papertrade NQ,YM and ER first and when profitable then move to ES . I should have write it more clearly .
 
Well, here is an advice based on what you said so far:

Quote from Astrologer:


I like to take only shorts
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If your system works when long too, take those damn signals, for the obvious reason. Or they have a bigger failure rate? If not, there is no reason to prefer one side or the other, we are into this for the profit, not for picking favorite sides.

I also prefer the short side, but I take whatever the market gives...
 
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