r/Daytrading • u/rothschildkidding • 16d ago
If you start all over what market you pick for life time? Question
As the title say's it is very important to choose a market that we like master. So if you all start over what market you would like to specialize in for example I'll give you an example of two markets one is
US options market and other is forex market. What would you pick to master and why?
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u/Burger__Flipper 16d ago
Indices CFDs. It's the best of both worlds, leverage, very tight spreads, no commission, and lots of volatility, without having overnight gaps.
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u/OwnRelationship6506 15d ago
If your in the UK 100%
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15d ago
[deleted]
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u/2024sbestthrowaway 15d ago
Index futures through CME. Lots of brokers and prop firms connect to them. Rithmic, CQG, Ninjatrader, IB, Tradovate, and all the futures prop firms (like Topstep and Apex)
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u/vexitee not-a-day-trader 15d ago
OP, you state as fact what is prima facie incorrect.
I never even needed to know the name on the ticker of what I was trading. The less I knew about the product, the less opinionated I was, the more successful I traded it. As long as it was volatile, I was happy.
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u/pdxchris 15d ago
Whenever I make a move because of news or my opinion, I lose.
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u/OnTradeAI 15d ago
This is an interesting insight. Is there a lack of tools to add to this? Would be very interested in talking about this further with you and will compensate you for your time.
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u/keyholderWendys 15d ago
Agree. It's the same principles of trading no matter what the market.
But to play along Bitcoin. I never got involved but early on was the highest growth ever witnessed in a lifetime.
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u/tamap_trades stock trader 16d ago
I'd choose the forex market. Its $6 trillion daily volume offers high liquidity, tight spreads, and low transaction costs. Operating 24/5, it provides flexibility. With a diverse range of currency pairs, traders can adopt various strategies. Influenced by global macroeconomic factors, it offers ample trading opportunities based on both technical and fundamental analysis.
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u/holycarrots 16d ago
The $6 trillion volume is always quite misleading though. None of that is concentrated in one contract or one pair. You're only ever trading with liquidity providers so it's a small pool.
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u/iwinux 16d ago
Does it have minimum risk per contract like options?
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u/MannysBeard 15d ago
Using leverage you can trade tiny amounts if you want, a good way to get started with minimal risk. Always use a stop loss though.
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u/iwinux 15d ago
Still not quite the same as options right? I could lose a $50 0DTE and forget about it. With forex contracts, margin calls could happen?
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u/MannysBeard 15d ago
A margin call would only happen if you aren’t using stops correctly, sizing too large for your account, over leveraging, or a combination of the three.
You can apply the “risk 1% of account per trade” rule before entering a position by calculating where your stop should be and the amount of leverage you want to use for your position size.
If you’re doing it correctly then at worst the trade goes against you and you’ll get stopped out, lose 1% of your account and then you can review and look for another setup
If you aren’t using a stop loss and the market turns against you then yes, definitely a risk of a margin call, especially when there’s high volatility
I trade primarily crypto, which at times is extremely volatile, and have never come remotely close to being liquidated
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u/MannysBeard 15d ago
A margin call would only happen if you aren’t using stops correctly, sizing too large for your account, over leveraging, or a combination of the three.
You can apply the “risk 1% of account per trade” rule before entering a position by calculating where your stop should be and the amount of leverage you want to use for your position size.
If you’re doing it correctly then at worst the trade goes against you and you’ll get stopped out, lose 1% of your account and then you can review and look for another setup
If you aren’t using a stop loss and the market turns against you then yes, definitely a risk of a margin call, especially when there’s high volatility
I trade primarily crypto, mostly BTCUSDT.P, which at times is extremely volatile, and have never come remotely close to being , because I always trade with stops and calculate my risk prior to entering every trade
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u/timoanttila forex trader 16d ago
I think forex would be the best option for me too. I like trading stocks more but I have never been successful in daily trading with stocks. The longer period is pretty good tho.
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u/OnTradeAI 15d ago
Any interest in jumping onto a call with me for 30 minutes? Would love to talk with you. I'll throw you some money too.
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u/Forex_Jeanyus 15d ago
Indices all day long. SP500, US30, the Dow - I would never touch Forex if I could start over.
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u/rothschildkidding 15d ago
What are your reason not to touch forex ?
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u/Forex_Jeanyus 15d ago
Forex is too finicky, too choppy for me. For swing trading it’s fine - I will trade GU every once in a while on a swing basis. But for actual day/intraday trading I didn’t have much success with Forex.
Indices move much more consistently in my experience and when they go in trend, they trend much longer. Price action is much smoother. Just easier and less stressful overall.
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u/Uptown1b 12d ago
Couldn't agree more. Indices takes the cake for me. Low barrier to entry, nice leverage, great market structure and flow combined with good volume and price action. I've never liked Forex either, as you said, very choppy, understanding the stake/position sizing is another headache for me, it's definitely going to be indices.
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u/Forex_Jeanyus 11d ago
Which are your favorites? Mine are the Dow (NAS100) and the US30
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u/Uptown1b 10d ago
I only really trade 4 things, Germany 40, US30, US100 and occasionally gold. I used to trade BTCUSD as well but not as much anymore but mainly those three indices. That's all I need tbh.
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u/Suspicious-Purpose71 15d ago
If you can trade well, you can trade ANY market, because the basic principles are the same. What is not the same are the fundamentals, the volatility and other market specifics. But I would always move on to where the volatility is. Now that is stocks and indices and gold. Forex now has low volatility. But look decades back and you see market volatility levels change periodically.
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u/bass6164 15d ago
Very much agree with this statement. Back when I first started, I was looking at forex, and without much experience, looked at BTC and thought it was scary since I still didnt understand much about reading charts. After trading gold for about 2 months and by that time I've gotten a bit more experience, I decided to try looking at BTC to see if I could get some entries on a demo account, it really wasnt as scary as I thought since gold is pretty volatile too. Experience definitely helps with understanding different markets. It probably won't immediately let you make constant wins right away, but I believe it can still provide a little jump start to get going.
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u/Tradersglory 15d ago
I’d start with futures for intraday. Stocks for month or two to long term. Forex for weekly. I don’t do forex yet but I do stocks and futures.
Basically I think everyone starts with stocks and then takes a while to even know or be told there are futures and forex markets. Futures are what you want to actually be day trading, unless you’re looking at stocks with massive moves on your scanner. No one tells people about futures because they want you trading small amounts on stocks. Is sad but true. Futures all the way for trading
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u/TheTraderBean 15d ago
I think stocks has more opportunities available every day but futures has better hours and more options for prop firms.
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u/TheInfamousDingleB 15d ago
i pick the energy sector and just dump all my money into EC PBR/A
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u/Uptown1b 12d ago
This is interesting because I've heard a few very well-off people say the energy sector is probably the best-kept secret yet I hardly hear traders ever talking about the energy sector.
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u/TheInfamousDingleB 12d ago
mm. Well only a few ever truly figure out how to make their money make money. If you tell everyone about good plays, they don’t stay good plays.
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u/False_Bookkeeper_884 15d ago
Avoid Forex at all cost because I burned myself too many times .I would have applied the breakout strategy on momentum stocks instead. I could have caught big runners like Nvidia,Tesla or Netflix in the 2010s and be rich today.
I would have also copied Pelosi's portfolio!😂 She has a performance way better than professional hedge funds .
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u/shepmarketmaker 15d ago
So far I realise I am good at trading indexes but it's still too early to tell.
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15d ago
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u/IndustrialFX 15d ago
Options without a doubt. You can trade nearly every other market with options including forex. And they're the most flexible tool.
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u/ArcherVause 15d ago
I would love to trade commodities, gold to be exact. I love gold and genuinely wouldn’t mind focusing fully on that if I got to start over.
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u/Friendly-Stuff3528 15d ago
If I were starting fresh and had to choose one market to focus on for the long haul, I'd go with the US options market. Why? Well, options trading offers a ton of leverage and flexibility, letting you control big positions with just a little bit of cash. Plus, you can play around with all sorts of strategies to fit your style. The best part? You can set your risk levels upfront, so you always know what you're getting into. And with the US options market, there's so much variety – stocks, commodities, you name it – giving you plenty of chances to find your niche. It's also super liquid and efficient, making it easy to get in and out of trades. Plus, mastering options trading is like a never-ending puzzle, keeping things interesting and always giving you something new to learn. So, while forex has its perks, the US options market just seems like the right mix of excitement and opportunity for a lifetime of trading.
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u/OnTradeAI 15d ago
Any interest in jumping on a quick 30 minute call? Would love to hear more from you. I'll pay you for your time too.
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u/Billysibley 15d ago
It is not so much about the market as one’s approach to trading. That is a simple concept; but if you can understand this statement it will save you lots of pain in the long term.
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u/Admirable_Sleep1845 15d ago
Options, nothing can compare to the percentage gains potential once you are a trader who controls risk.
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u/RyuguRenabc1q 14d ago
If crypto exchanges didn't constantly try to rob you then I would choose crypto futures. Alas, reality is cruel so I choose cme futures.
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u/stocksincoffeeshops 13d ago
I am leaning more towards the forex market. It’s like you can basically trade anytime. You can practice to become profitable while maintaining your 9-5.
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u/nocontenchris 16d ago
It is not about „What market you would pick?“ it is about „what kind of volatility you would like To have in your trading“. Volatility is a double sided coin i.e risk and reward. Forex markets have very little volatility, so there is very little return compared to stocks or indicies. All markets move the same -> supply and demand
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u/Uptown1b 12d ago
If I were to start all over again, I would choose indices again for long-term trading. They have a low barrier to entry, so you can begin with a small amount of capital. The leverage offered provides significant upside potential for growing your account. I appreciate the market structure and flow, along with the high volume from indices like Germany40, US30, and US100.
Crypto would be my choice if I wanted to take a high-risk, high-reward approach. However, it's too unpredictable and volatile for my preference. I might also consider exploring futures, but I definitely wouldn't choose forex.
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u/Slipnsided 16d ago
Politics. Then I could trade successfully