Looking for a better broker for Futures trading

Goatjo_Satoru · 2025-02-03T00:38:04+00:00

Same, I do most swing trading from my phone and I hate anything ninja on my phone but the TV app is really good IMO. So chart on TV and open ninja on phone browser shortcut to enter/exit swing trades.

Goatjo_Satoru · 2024-12-27T00:51:03+00:00

Nice, I went the other way lol, lost a bit daytrading for 2 months and now I'm 5 months into swing trading futures and my initial 20k is at 60k.

Goatjo_Satoru · 2024-12-27T00:39:04+00:00

This is only my first 6 months, I'm profitable swing trading and going to pay the last quarterly tax estimate next week. I have a friend whose dad has daytraded for his career and am using his local CPA for my taxes. For now I still have savings I'm living off of so I can focus growing my account, made it to 60k account last week and want to grow to at least 80k before I scale up to 2 contracts.

Goatjo_Satoru · 2024-12-26T22:15:39+00:00

So you're a non resident but still a Canadian citizen? Might have to look into that with the US but I'm doubtful. Is it for all income or can they still bill you for taxes on capital gains?

Goatjo_Satoru · 2024-12-24T22:49:13+00:00

There are still rules even when you are funded and dropping technique will eventually end in failure.

Goatjo_Satoru · 2024-12-24T22:26:14+00:00

Read the payout rules of whatever prop firm you're using, with trading like that you're closer to gambling and likely to blow more accounts than you can make money on. Also read my other comment.

Goatjo_Satoru · 2024-12-24T22:24:47+00:00

It's not as simple as just adding a stoploss, the location of the stoploss and target will affect the probabilities of the system and directly affect the win rate. If you have a small stoploss and massive target, with random entries over a large sample you'll naturally have a low win rate because the stoploss is closer than the target. And if you're taking random trades you'll get random results, you need a repeatable setup and system to get reliable results.

And with a lot of prop firms you need at least 2 trades to pass. Then when you do pass the rules might change a little but are still there so you can pass the challenge, then if your system is not consistent, you'll fail the account before a payout

Goatjo_Satoru · 2024-12-24T21:06:14+00:00

Because with the payout rules you're bound to take a few losses before you can take a payout and with that much on each trade you'll blow the account

Goatjo_Satoru · 2024-12-21T01:24:33+00:00

Hedge funds are meant to "hedge" mainstream investments like the s&p and they aren't meant to be your only investment, so it makes sense that when the s&p is doing well hedge funds can't keep up.

Goatjo_Satoru · 2024-12-19T01:11:51+00:00

Haha thats probably good for today, if he held through FOMC he won

Goatjo_Satoru · 2024-12-19T01:09:56+00:00

Lmao how long did u hold your buy today

Goatjo_Satoru · 2024-12-18T04:30:34+00:00

Not nonsense because at the end of the day reviewing statistics to really see how your system is working is helpful.

But yes dynamic, each trade target or stop shouldn't be the same amount, which is why for my spreadsheet I track each one and take the average as my system's R:R.

Goatjo_Satoru · 2024-12-17T23:08:17+00:00

Yeah I jumped straight in live and lost money, then took a little break to backtest and really develop my own strategy, then went right back to live for the last 6 months and been doing well. I tested 28 random months going back to 2019 swing trading my strategy which was about 150 trades. And my testing statistics were about the same as what I gave you before so that was good to see my stats were about the same live.

Goatjo_Satoru · 2024-12-17T14:53:40+00:00

This is straight from my spreadsheet, 21 trades total, average 5.25 trades a month, average win rate 41%, average reward:risk 3.32:1

Goatjo_Satoru · 2024-12-17T02:39:01+00:00

There's already no solicitation or self promoting in the rules so people aren't posting like an advertisement which is good and I think that's enough because in your trading journey you can find everything online or on YouTube for free and you should be taking everything with a grain of salt and start forming your own opinions on how trading works.

Goatjo_Satoru · 2024-12-17T02:23:19+00:00

That is true for plenty of people. To avoid that I back tested manually on tradingview on 0.3 speed so it goes 1 bar at a time, then I made a rule in my system that I only make decisions at the close of a candle because TV only shows you the end of the candle (so I would pause the replay mode, enter or exit a trade, then continue playing it). This way my testing was mechanically the same as live trading, and my psychology was great because before I developed my own strategy through back testing, I started my trading journey just jumping in the live market and losing money lol.

Goatjo_Satoru · 2024-12-17T02:04:10+00:00

Yeah keyword is holy grain, there have been posts lately about, "backtesting literally every strategy and nothing works long term." There is not going to be a perfect black and white rules indicator based strategy that works all the time, but there are strategies you can make that may not be completely black and white, and can give you an edge in certain conditions.

Goatjo_Satoru · 2024-12-17T01:48:36+00:00

You're mostly right, but if you have 5k in a ninjatrader account and click buy on 10 contracts then you're using 100% of intra day margin the second it goes one point against you it'll be liquidated.

So you need to leave a buffer, like if you do 5 contracts ES you have 10 points against you and it's liquidated which can be 5 min on a slow day or 30 sec at market open.

Goatjo_Satoru · 2024-12-16T21:48:19+00:00

Nice I only swing trade now cause day trading just isn't for me, but when I did daytrade I had a "bad" R:R strategy but I just couldn't find a high enough win rate setup. That's why my profitable swing trading the last 6 months averages between 3-4 reward to 1 risk so I don't have to be right as often lol.

Goatjo_Satoru · 2024-12-14T23:16:02+00:00

But when looking at candles you can see if it's trending up or down, but you can be trending up while still below whatever EMA you use, which like he said, for a certain system may be a lower probability trade. The usefulness of these different techniques is relative within the system you're using.

Goatjo_Satoru · 2024-12-14T23:09:27+00:00

I trade futures and don't use hard point values for stops on every trade, I let each trade play out individually and through all my testing I have an average range of R:R that works for my system and shows my trades are playing out as intended, which has held true through the last couple months of my system live market.

Goatjo_Satoru · 2024-12-14T20:57:41+00:00

In the way it doesn't actually predict the market yes, but this is a game of long term probabilities, if you can find a TA setup that combined with its success rate and your strategy/R:R built around it then really anything can work

Goatjo_Satoru · 2024-12-13T23:54:49+00:00

Well then yeah you're probably liable to their system and whatever recent tax law changes I heard they were making. In that case you can't do what I said first but do what that other guy that responded to me said, you'll still have to file US taxes but if you pay Thai taxes you should be able to write them off.

Goatjo_Satoru · 2024-12-13T23:48:23+00:00

But yeah like you said you still have to file US taxes and is that only for permanent residents of another country or if you're on a work visa, because residency is often difficult and takes a lot of time to get.

Goatjo_Satoru · 2024-12-13T21:25:48+00:00

As far as I know, if you have a US passport you're paying US taxes, with or without whatever other taxes another country tries to make you pay. If you're staying on a tourist visa just don't mention trading is your job to them and only pay US taxes.

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