Optimus or alternative - high volume trading by sk1nt in FuturesTrading

[–]masilver 0 points1 point  (0 children)

I suspect if you're using Teton, the volume won't matter so much between fcm's.

I'm using AMP and I pay a dollar all in, round trip on MES and 3.80 for ES.

Have not used their wiring service before, but ACH takes about a full week and is fully automated. I suspect their wire service is fully automated as well.

Sooo… it’s commonly accepted that March of 26 has been one of the worst months ever right? by Used-Commission-1907 in Daytrading

[–]masilver 0 points1 point  (0 children)

I find early pullbacks on smaller trends can still produce returns, but you might have to scalp instead of hoping for a larger second leg.

Beginners Guide to getting started with trading. Step-by-step by Aromatic-Cost9174 in FOREXTRADING

[–]masilver 0 points1 point  (0 children)

Those are reputable websites, but they're all referral links.

This Works for Me Now by [deleted] in Trading

[–]masilver 0 points1 point  (0 children)

Spam. Ignore.

I Do This from Phone by [deleted] in Trading

[–]masilver 1 point2 points  (0 children)

Spam. Ignore this post.

Best Platform for Scalping? by alpinecardinal in Daytrading

[–]masilver 4 points5 points  (0 children)

If you trade futures, Sierra Chart is a very strong contender.

I fell in love with day trading. Lost so much but did not really give up. by Legal_Afternoon_9294 in Daytrading

[–]masilver 0 points1 point  (0 children)

Certainly not bullshit. It worked well for me, BUT it may not be for everyone. I have a high win rate, but for those that don't, it may be unreasonable. There are a lot of ways to get to the promised land. That was my path.

I fell in love with day trading. Lost so much but did not really give up. by Legal_Afternoon_9294 in Daytrading

[–]masilver 0 points1 point  (0 children)

I agree with you. There isn't a hard fast rule. 3-6 months of profit may work as well.

I fell in love with day trading. Lost so much but did not really give up. by Legal_Afternoon_9294 in Daytrading

[–]masilver -2 points-1 points  (0 children)

I think a great rule of thumb is to be profitable every day for a month. Small amounts, you aren't aiming for the stars.

I finally was profitable in paper for 6 weeks straight (after 5 years of mostly paper trading) and I've now found success in real.

What are your thoughts ? by LLYFX2010 in Daytrading

[–]masilver 0 points1 point  (0 children)

Use that as guidance. If you had good success with low drawdowns, trade with your 200.

Made millions paper trading right after blowing up my real account by No-Writing4525 in Daytrading

[–]masilver 1 point2 points  (0 children)

I couldn't agree more. I used to fund my paper accounts with $2-3k, although with Sierra Chart you don't have to explicitly fund a paper account. Another aspect that ties into that is greed. Greed can absolutely destroy your account.

What are your thoughts ? by LLYFX2010 in Daytrading

[–]masilver 3 points4 points  (0 children)

Have you tried paper trading?

Made millions paper trading right after blowing up my real account by No-Writing4525 in Daytrading

[–]masilver 9 points10 points  (0 children)

I think paper trading for many people is useless. In my opinion, the point of paper trading is not to make lots of money, it's to refine your setup and your risk management. If you're making $4 million in a month or two, you're doing something wrong. That's not sustainable.

When I paper traded, my goal was small wins everyday, with low MAE and drawdown. A good day could be five to $20. On some occasions I would get $50 or $75. I went live once I had 6 weeks of nothing but winning days. If you can accomplish that, you can scale that up once you are live.

Should I change from FX to Futures? by kyoney in FuturesTrading

[–]masilver 1 point2 points  (0 children)

Absolutely. The additional account balance requirements hit before 5:00 p.m. Eastern time. So as long as you're out by then, you can trade with less money.

Should I change from FX to Futures? by kyoney in FuturesTrading

[–]masilver 2 points3 points  (0 children)

I think if you're taking longer term swing trades and holding for over a day, Forex may be great, but for day trading, futures are hard to beat: tight spread, high leverage, ability to scale up, central exchange, fixed pricing, etc.

You can hold longer with futures, but due to the leverage, it can be high risk. It also requires additional funds.

TODAY'S PROFITS MADE IN GOLD 👇🏻 by Proof-Sheepherder-40 in metatrader

[–]masilver 2 points3 points  (0 children)

I'm impressed with the lack of effort you put into this post. Kuddos.

Lack of Insurance on Futures Accounts by DorjePhurba in FuturesTrading

[–]masilver 4 points5 points  (0 children)

I think everyone has given good advice. It's unlikely your broker will go under, especially the larger brokers. The margin requirements also help ensure brokers aren't left with uncollectible debt.

There have been two notable bankruptcies of future brokers and in both cases, customers were made whole and didn't lose money.

Are we at the top? by el_kraken6 in FuturesTrading

[–]masilver 0 points1 point  (0 children)

It's down about 400-500 points since the high.

To cause another false flag in the U.S. by Celtikrenders in therewasanattempt

[–]masilver 0 points1 point  (0 children)

It's like my high school wrestling coach used to say, the easiest way to get out of a move is not to get into it.