TygerKrane wrote: dojirock wrote:
Great to see you.....I know what you mean about the forum, up till now its been pretty scarce. I'm going to move to futures hopefully late this year and do both until i'm setup completely on futures. I like gold, and cocoa, sugar....
Scalping burned you out eh? I'm not to that point yet, too lucrative. I use a MM based off space and what you were doing at the end of your last thread. Using a 1 week cycle then I start over.
Oh, well ....never got to thank you for all your charts and post, they helped get me where I am today....
Why is it that you guys get all antsy-in-the-pantsy and so desperately want to jump of the Forex ship into Futures and Options and such?
(Question not so much aimed at es/pip, as he has always been on the e-minis anyway)
Well, I remember Sam Seiden saying that he preferred trading Forex Futures over Spot Forex, but I don't remember his reasons why, do any of you know why??
For me its a goal to prove to myself it can be done. In 2008, early, my 1st
time trading ever was with a friend that "new what he was doing" I
entered long on gold futures with a 3k account. On a recommendation, he
would then explain why he went were in that long position as we made
hundreds of dollars. Well 20 min after entering the trade, I was down
This physically made me sick, after convincing my wife to give permission
of all we had saved at the time to trade it, I had convinced her this guy
knew what he was doing. Knowing she would be home in 4 hrs from work
and I would have to explain that this guy didn't know jack about trading
and apologize for ever putting our hard earned cash as risk, my blood
pressure was through the roof. I did so, and wonderful as my wife is, she
saw the anguish it was causing me all on my own and replied "It's alright,
calm down, its not worth having a heart attack over. Your much to loved
and needed as the head of our family for that to happen" That's why I
love her... I have done less worse and gotten more grief in the past..lol
Anyways, I stayed in the trade for 6 hrs and it came back to breakeven
and I closed it. Valuable lesson learned. If i'm going to risk our money,
then do it on my own. Over the next 6 months, still not fully understanding
price action, I whittled away my account on my bad trades, not others
recommendations. I took a picture of that trade and many other trades
that I took which eventually blew that account out. I am now amazed at
how I could even entertain those trades knowing what I know now. Man
didn't mean to rant...Point is, its less volatile, and just as lucrative if not
more and it would be closure for me personally to go back and make that
money back on the futures. A personal goal yet to be met.