Best successful futures traders reddit Welcome to FXGears. Thank you for the thoughtful response. With all due respect. /r/trading has over 437 thousand subscribers. Talk about the immediate gratification generation! I think people have been watching too much Wolf of Wall Street. Only thing you need on your chart to be a good trader is price and volume, but feel free to waste your time trying every indicator if you need to get it out of your system ;) Good luck. That guy made a great post. a. I learned from a guy who trades professionally. Books dont hurt. What I didn't realize was, these stocks trade completely differently from OTC, and OTC works so much better for my risk averse personality. I haven’t had a Green Day in 3 weeks now. Also, there are a lot of strategies for trading futures I was unfamiliar with before, like knowledge of market profile, tape reading, trading on a DOM, etc. This subreddit is a perfect place for all types of traders, whether beginner or professional. true. Apparently, nobody can be a successful trader if there isn't a response within 15 minutes. Day trading is for income, not a return. Also go on the CME website and understand how the matching algo works for the equity products (in this case it's a FIFO algo) and also understand basic trade reporting so that you actually understand what you are looking at when you read tape. Look into those things, and look up brokers who cater to the futures market. watch the tape at both current/previous daily/weekly/monthly OHLC and previous/current daily, weekly, monthly volume profile levels. Such a lovely and nice guy, and also a great trader! He's like the best friend and father/grandpa figure any beginner needs and wishes for guidance. If you trade like an algo, for example if you just scalp, use fixed stop/profit target, or trade breakouts, you're going to have a bad time. Percentage returns have no space in a conversation about day trading. Someone else recommend DayTraderNextDoor on Best to start studying all 3 areas at once. Ive read over and over from former prop guys how they were making 7 figures trading Bonds/Notes, but government intervention + algos made it a bit harder + saturation. I have been trading options for several years and started with futures over the past year. BNF turned $13,000 into $153 million in 8 years. Why? Because some will take profits early, some will anticipate the buy signal and get in too early, some will hold on to losers because “they know they are right” and let small losers turn into big losers that r/FuturesTrading is a place to discuss futures, commodities, etc. The more you read the more you are able to understand the many things in markets themselves. Futures contracts are simple while providing similar leverage to short expiry options. r/FuturesTrading is a place to discuss futures, commodities, etc. I have working on a similar strategy trading ES futures and options. And CIS (I don't know his real name), who turned $30,000 into about $150 million in about a decade. already in the market, learning and paper trading. knowing these Tom Hougaard/Trader Tom has great content on youtube and I really liked his book (Best Loser Wins). com, a trading forum run by professional traders. Users share tips and insights with each other and ask questions. If you don’t have the capital to trade stocks, futures don’t require much capital to Welcome to FXGears. Half of my all time losses happened this year and and 30% of all my losses this year have happened in the last 45 days when I switched to futures trading MES. Starter books: Best Loser Wins, Wykoff Method, Wykoff 2. And those who figure out how to read price action and volume. Don't let the losers get out of control. You don’t understand day trading. Those who are savy with coding, stats and backtesting and are able to find an edge w/ particular facets of the market…. Takashi Kotegawa, a. See full list on asktraders. Share futures trading insight, tips, and your trades! Members Online My Trade of the Decade: +800% gain on Cocoa swing trade (+81R) That is perfect. Day Trading Micro Futures for Income by Don Singletary My first and foremost recommendation to everyone is to follow a veteran in the industry, Don Singletary. 0, Volume Spread Analysis by Anna Couling, Trading in the Zone. You don’t need anywhere near 100k capital to day trade with and make a livable income. There really seems to be two big buckets of successful retail traders. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. I would say that it is extremely profitable if you have knowledge on how to control your risk. From my understanding, that edge died out around 2008 and went completely flat in the 2010s. Lmao, some of the best millionaire traders have a win percentage in the 20's. FuturesTrader71 is pretty popular, and has used his success to fund other traders. . This is on ES and NQ used to rely only indicators but regardless they are late period. Theyll make 5-10 trades a year but only one or two gave them a hefty return while the others flopped. Oct 13, 2023 · Whether you’re a futures trader or an options aficionado, r/SwingTrading caters to traders of all stripes, offering a platform to dissect market trends, explore high-potential trading setups, and delve into the nitty-gritty of risk management techniques. Some of the best scalpers over the years have given up scalping to actually hold their positions for as long as an hour. Share futures trading insight, tips, and your trades! Members Online Whats your personal take on "2 legged pullback"? The best retail day traders in modern times that I've ever heard of were two Japanese day traders. Brian Shannon/AlphaTrends isn't a futures trader, but his market analysis and method of using AVWAPs has helped my futures trading a lot. When I first was trading, I traded volatile low float Nasdaqs, and I absolutely got ripped to shreds. Now I stream and feel I've attracted a good group of traders. 91 votes, 232 comments. and what obstacles people had to overcome and realize, failing in the markets is great it teaches you what not to do; but learning from someone elses shortcomings can go a long way. A few good people are Jim Gasson Trader Dale very high experienced traders. There's so many things people trade, whether listed stocks, OTCs, options, futures, forex, crypto, etc. I would recommend his twitter, youtube, and his latest book. The market is so inundated with charlatans that most successful traders learned to just avoid the trading rooms. k. You can do that with futures as well, but the margin requirements are much higher (this makes me think harder about it at least) and you have the opportunity to exit long before the actual market opens due to the extended trading hours. In the world of futures trading, success can bring significant profits—but mistakes can be severally costly thus it is extremely essential to have a strategy in place before you start trading and beware of leverage. 64 votes, 84 comments. Order flow is key and volume profile. They don't understand that trading is a career with non-linear progression that you described above. My best advice to trading futures aside from what I’ve said already, is to learn to stomach decent sized drawbacks on any given position before it turns profit (this means having enough capital to also take these L’s if they break thesis), or to get very fucking precise on your entries and exits (much harder to do consistently), while If a successful trader were to reveal their strategy online, I don’t think everyone who trades that strategy will be profitable. If your trading futures better learn price action and use a 15 second time frame. com Apr 8, 2024 · Here are the 18 most popular subreddits on the topic of trading. lztpgg pcdi bzylen pezf zhuc pul divnqjt kkxz areo ggdvt