Hello everyone.
Before I start, to anyone who is interested in trading futures but has not started yet, PLEASE JUST DON'T, I'm saving you a lot of trouble and a lot of miserable days.
From how I view it futures trading is worse than gambling addiction. At the casinos the player has a "REALLY HIGH" 49% winning probability! With futures 99% of people lose. Only 1% win, and probably less survive in the long term.
Also, once you realize that you can make $5000 in 5 minutes "IF" you make the right mouse clicks, your brain changes and it will become almost impossible for you to go back to normal life and be happy with a $100 paycheck for 9 hours of work.
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About me: I'm 36 currently, I was lucky in my early 20s, had a good business, but I started trading futures and lost literally everything in the course of 5-6 years... business, house, car, girlfriend, friends, family, literally everything. And I even tried to kill myself a few times.
I had to quit but I just couldn't. My only options for quitting were:
1. Death
2. Temporary quitting when I had no more money to trade with.
It was just an infinite loop.
Then I came to the conclusion that I wouldn't be able to quit this addiction until the day I die. So for me, in order to live a normal life I had to find a way to coop with it. And that meant that I had to become good enough at it to at least not lose from trading.
And here I am, now I've been trading quite ok for about 2 years. Since September 2022 I have only lost 5 months out of 25. Never lost 2 months in a row. So after many years of suffering I'm finally doing ok.
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For the journal I'm thinking about posting my entries/exits in real time here then do a recap everyday. Some days I do up to 20 trades so it may make the thread look a bit spammy, hopefully not too much.
About my trading:
- I only do futures, mostly NASDAQ, S&P, CrudeOil and Gold.
- I have two trading styles, sometimes I enter for a short day trade, sometimes I enter for a swing trade where I could hold the position for a few days, I will be mentioning everything in my posts.
- Even if I'm able to enter 4 Mini-Nasdaq contracts, I only enter 1(Never use 100% of your leverage, it really hurts your mentality). From how I view it, a trader with less than $50,000 should only trade with micro contracts. I rarely add positions when price goes the other way, but sometimes I do (MAX 1 time, same size of initial entry).
- For oil, gold, S&P I sometimes enter 2 contracts from the beginning.
Before I start, to anyone who is interested in trading futures but has not started yet, PLEASE JUST DON'T, I'm saving you a lot of trouble and a lot of miserable days.
From how I view it futures trading is worse than gambling addiction. At the casinos the player has a "REALLY HIGH" 49% winning probability! With futures 99% of people lose. Only 1% win, and probably less survive in the long term.
Also, once you realize that you can make $5000 in 5 minutes "IF" you make the right mouse clicks, your brain changes and it will become almost impossible for you to go back to normal life and be happy with a $100 paycheck for 9 hours of work.
----
About me: I'm 36 currently, I was lucky in my early 20s, had a good business, but I started trading futures and lost literally everything in the course of 5-6 years... business, house, car, girlfriend, friends, family, literally everything. And I even tried to kill myself a few times.
I had to quit but I just couldn't. My only options for quitting were:
1. Death
2. Temporary quitting when I had no more money to trade with.
It was just an infinite loop.
Then I came to the conclusion that I wouldn't be able to quit this addiction until the day I die. So for me, in order to live a normal life I had to find a way to coop with it. And that meant that I had to become good enough at it to at least not lose from trading.
And here I am, now I've been trading quite ok for about 2 years. Since September 2022 I have only lost 5 months out of 25. Never lost 2 months in a row. So after many years of suffering I'm finally doing ok.
----
For the journal I'm thinking about posting my entries/exits in real time here then do a recap everyday. Some days I do up to 20 trades so it may make the thread look a bit spammy, hopefully not too much.
About my trading:
- I only do futures, mostly NASDAQ, S&P, CrudeOil and Gold.
- I have two trading styles, sometimes I enter for a short day trade, sometimes I enter for a swing trade where I could hold the position for a few days, I will be mentioning everything in my posts.
- Even if I'm able to enter 4 Mini-Nasdaq contracts, I only enter 1(Never use 100% of your leverage, it really hurts your mentality). From how I view it, a trader with less than $50,000 should only trade with micro contracts. I rarely add positions when price goes the other way, but sometimes I do (MAX 1 time, same size of initial entry).
- For oil, gold, S&P I sometimes enter 2 contracts from the beginning.
