What to branch out after stocks ?
- Thread starter randy33
- Start date
Are there not enough ES or Forex traders in this room ?
I have stated I like to add new skillsets in addition to trading equities.
Active or professional ES,YM,NQ...etc future and FOREX traders, I seek you opinion in which should be my next project - FX or Futures. Ideally I will master both but that will take some time.
Thank you in advance and thanks to those you already provided input.
I have stated I like to add new skillsets in addition to trading equities.
Active or professional ES,YM,NQ...etc future and FOREX traders, I seek you opinion in which should be my next project - FX or Futures. Ideally I will master both but that will take some time.
Thank you in advance and thanks to those you already provided input.
Are we talking intra-day or long term trading?
The reason to trade futures and fx is that these markets limit liquidity and default risk. Stocks can go to zero.
I'm not sure why anybody would want to day trade ES or FX. 4H charts provide more than enough opportunity.
Let me get this straight.....you have plenty of experience trading equities( I assume you made money then?), but you want to be skilled in other markets now?
Go to any Wall St firm and see what all those traders trade, day in and day out. You have equity traders, bond traders, currrency traders, etc. Meaning they are SPECIALISTS in one area of the market and they stay focused in that area!
In laymens terms, you want to increase your skill level in the area that you are already familiar with.
So with that in mind, why dont you look at staying in equities and/or learn pairs trading? I know a few day traders who only do pairs and are very successful at it, and make excellent money.
I myself trade ES because I became specialized at it, now trade fulltime and still refining my craft to this day. Why would I want to cloud my brain with other principles of the market that would take me months if not yrs to learn and master?
In summary: Stay focused in the area that you are familiar with(in ur case..EQUITIES) and become better at it.
Good luck......
Go to any Wall St firm and see what all those traders trade, day in and day out. You have equity traders, bond traders, currrency traders, etc. Meaning they are SPECIALISTS in one area of the market and they stay focused in that area!
In laymens terms, you want to increase your skill level in the area that you are already familiar with.
So with that in mind, why dont you look at staying in equities and/or learn pairs trading? I know a few day traders who only do pairs and are very successful at it, and make excellent money.
I myself trade ES because I became specialized at it, now trade fulltime and still refining my craft to this day. Why would I want to cloud my brain with other principles of the market that would take me months if not yrs to learn and master?
In summary: Stay focused in the area that you are familiar with(in ur case..EQUITIES) and become better at it.
Good luck......
Thanks for new replies.
NakedShort:
my current style is day trade stocks, not swing or long term. It is rare I hold any position over an hour. And I always go flat overnight even if I have to take a loss.
Right now I am leaning toward ES because there's international situations that can blind side you in F/X. Same but to a lesser extent in the US equity market.
Dont agree with me because thats what I said. Feel free you give you your argument. ~TIA
NakedShort:
my current style is day trade stocks, not swing or long term. It is rare I hold any position over an hour. And I always go flat overnight even if I have to take a loss.
Right now I am leaning toward ES because there's international situations that can blind side you in F/X. Same but to a lesser extent in the US equity market.
Dont agree with me because thats what I said. Feel free you give you your argument. ~TIA
I guess that means there are none...