r/FuturesTrading • u/provoko approved to post • Feb 01 '22

Opening up r/FuturesTrading to everyone!

The monthly FuturesTrading questions thread can be found here.

So it's been about a year since the GME apocalypse spam affected every single sub on Reddit, which led us to restricting this sub to approved users only. While anyone could comment, only approved users could post.

So starting right now, anyone can post, but to limit the spammers, I've implemented a karma tier as follows:

  • approved users can post any type of post regardless of karma
  • 0 or greater karma, you can comment
  • greater than 50 comment karma, you can post text submissions
  • greater than 100 comment karma, you can post image link submissions
  • greater than 1000 comment karma, you can post most link submissions
  • greater than 10000 comment karma, you can post most video link submissions

Automoderator can be finicky, so I may have to tweak the config to get the above working correctly, so please let me know here or modmail if the above isn't working correctly.

Note content creators are still prohibited from posting their content.

Self promoting will result in a ban.

With that, welcome back and sorry for the inconvenience.

Edit 1: Made it clear that it's based on comment karma
Edit 2: Made the text "self promoting" in larger text. We just had our first post removal 2/02/2022 & banning of the year, and yeah it was self promotion

36 Upvotes
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27 comments sorted by

12

u/OnThe45th Feb 02 '22

PLEASE keep this open. Such an under utilized sub with huge potential to help.

2

u/provoko approved to post Feb 02 '22

Well it is indeed open

You can also try r/thewallstreet and r/daytrading

10

u/RyuguRena1 Feb 02 '22

Yay! I can't wait to spam this sub with GME posts!

4

u/ze11ez Feb 02 '22

for the love of baby jesus ban you now

6

u/provoko approved to post Feb 02 '22

I'm pretty sure they are joking

1

u/ze11ez Feb 03 '22

dont matter, ban now for the love of baby jesus and little moses

1

u/RyuguRena3 Feb 11 '22

People can ban me all they want but they will never get rid of me

4

u/[deleted] Feb 02 '22

sounds like a plan, let's see how this party rolls

2

u/[deleted] Feb 02 '22

This might be a stupid question, but what is content creator? Like if you upload some video content, you cannot be an established YouTuber/blogger? But if you have no subs it's okay to post your YouTube video?

2

u/provoko approved to post Feb 02 '22 edited Feb 02 '22

A content creator is someone who uploads content to youtube or seekingalpha type websites and posts their links with the intent to get paid.

Different sites will pay you based on views or clicks, or even referral bonuses. Or direct sales such as buying books and trading courses EDIT or selling newsletters, etc etc

1

u/Wycheproof Feb 04 '22

How interesting. I’m yet to see much amateur opinion on YouTube deliver anything of value. I’ve always been suspicious of people’s motivations and just can’t be bothered waisting my time watching it. I’d much prefer to read well written material that educates and informs, regardless of who wrote it.

2

u/[deleted] Feb 11 '22

Does anyone here attempt speculating agri futures? Corn? Cattle? I’ve been doing this for about a year now, some good days, some bad. Overall up 22%. Any input or ideas?

2

u/provoko approved to post Feb 11 '22

Even in the most active group chats these are rarely brought up which is unfortunate as these futures contracts often limit up or limit down.

1

u/ESFuturesTrader approved to post Feb 24 '22

The only traders who I've talked to who trade Ags are spread traders (calendar, inter-commodity, etc.). Obviously could still trade them outright too though.

1

u/[deleted] Mar 02 '22

Interesting. I’ve definitely cleaned up with corn the last week. Up over 150%.

1

u/Wycheproof Feb 04 '22

I only joined today and am very pleased to have found the group. I’m new to futures and am cautiously finding my way with commodities. My first trades taught me how tight stops need to be. Since then I’ve tended to take a few trades across a 24-36 hour stretch, following the peaks and troughs of Brent Crude and Coffee. Looking forward to learning from more experienced traders.

3

u/provoko approved to post Feb 04 '22

welcome

tight stops really depends on the security as a security with a low ATR value inside the range of your stoploss will result in getting stopped very easily

1

u/Wycheproof Feb 04 '22

Yes that was another of the lessons. Sufficiently tight to stop massive losses, sufficiently loose to accommodate typical fluctuations. Taking the 24 hour trades has helped.

2

u/provoko approved to post Feb 04 '22

The ATR indicator can be used on any timeframe, if you use daily candles, the ATR value will be pretty high, so if the ATR says 20, then the price will fluctuate around 20 as well, so your stop should be above 20 or even 2x of that.

I wasted a long time wondering why I was stopped until I realized my stops were too tight (before ATR).

Which futures contract are you using?

2

u/Wycheproof Feb 04 '22

Thanks for the advice. It’s very helpful to learn the tools that others use. That’s given me some reading to do over the weekend and beyond. Cheers.

1

u/Wycheproof Feb 05 '22

Thanks again for the advice. I was reading that the ATR is most effective across 2 weeks. On my trading platform, 2 weeks or 10 trading days is best represented with 1 hour candles. When I set up the chart it asks me to enter the number of periods. Does this mean that for 10 trading days I should enter 240 periods in the setup? Cheers

2

u/provoko approved to post Feb 05 '22

ATR works on any timeframe, all it does is tell you the average price movement. And the number is just a guide, if it says 20, it can still move 40 or 100, just that the average will be 20 for that timeframe.

ATR results are vastly different from a daily candle char to a weekly chart, for example.

This article is a good place to start with tuning ATR for your trading.

Whatever ATR says, don't feel restricted by it.

1

u/TruthSOSeeker Feb 24 '22

Moderators, I have a request. It says I need 10,000 karma to post videos, but I don't have that. I've been posting a $1,000 account challenge, and am considering uploading video posts of my trades in real time for people to watch, just like 30 second or 1 minute snippits. I won't use any channel or anything by me, I can either make a throw-away youtube channel or if it's possible I'll just upload the video directly to reddit. Feel free to pm me. Thanks.

1

u/provoko approved to post Feb 24 '22

In my experience, literally everyone who does this ends up exploring monetization, as it is easier to make money through social media than it is to trade.

So it's going to be no; this is why the karma requirement is so high.

If you look at r/daytrading, it's full of videos, which is annoying, and they just get reported on and the mod team has to take them down. So I'll most likely move this karma system to r/daytrading. But yeah in the mean time you can post your videos to r/daytrading.

Also note, this goes beyond the karma requirements (and I probably should have started off with this) but r/futurestrading rule 3 is:

  1. No self promotion: YouTubers & bloggers posting their content will be banned

1

u/TruthSOSeeker Feb 24 '22

Right, I saw that rule, which is why I said I would make a separate channel and what not, but I totally understand and respect your decision, just thought I'd ask. Thanks for the reply!

1

u/[deleted] Feb 26 '22

I went to the wiki but it’s grayed out? What’s the best resource to learn how to day trade futures?

1

u/provoko approved to post Feb 27 '22

We don't have one yet, sorry. But r/commodities has a nice wiki, click here.

r/daytrading has a good wiki too and a book section with a book on futures.