What I have found is that futures trading is not as predictable as individual stocks. You have so many factors to take into consideration when trading index futures. The reason why I have chosen to start trading futures is because of the profit potential. If 1 point on the NQ is $20, then all I have to do is make two 1 point trades a day, and I will have exceeded what I was getting paid at my last part time job.
That seems easy doesn't it? It seems easy on paper, but when I go to trade on a real account, human emotions come in to play and I seem to forget everything I've gone over, and everything I've learned. Everything goes out the window when I see the price fluctuate between noise, and the real trend. I question myself, and the indicators, and the indicators are right most of the time yet I question them every time.
I will now trade on my paper account until I get somewhere.
Wednesday, May 13, 2009
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1 comment:
Trading futures is a tricky business. There are a lot of shakedowns, fakeouts, pump and dumps, and due to the leverage and point scale, it's difficult to sit through unlike stocks.
Take your time, paper trade, learn to see market structure and behavior of what you're trading and you'll do fine.
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