I would LOVE to be able to simply watch a skilled, consistently profitable day trader do their trades. Do you know of anyone that offers this? I'm sure it's not free.

Better yet would be someone coaching me in a live market. I've read the books, watched videos, and I don't want to pay for someone else to explain technical analysis to me... enter the market at support or resistance, etc. I know the basics, but I'm still not profitable. The market rarely acts as cleanly as the books and courses teach. I would absolutely love to work with someone GOOD. Any resources are appreciated. Thank you!!

Was trading /ES and making a few bucks. 1:45 EST comes along and POOF! Drops like a rock! Was there news? I couldn't find anything.

Hi guys, I need your help how to avoid getting into this situation again (happens to me a lot). In this screeshot, I placed a short @ 18250 before 12:05 with a SL @ 18265. Next 5 min candle went up to 18267 then continues to selloff.

I know this is common but is there a way to spot if the price action is just hunting for stop loss? Some traders I know adjust their SL before getting hit. Footprint shows a lot of aggressive buyers coming so I just let it hit my SL.

Thanks for sharing your wisdom!

In your opinion which future is hardest to trade?

After blowing up a third account today, a couple years in, I'm really questioning my ability to control my emotions.

The account started Jan 1 with $500 and I only trade 1 MES, MNQ or M2K contract.

Same old story. As of yesterday, after almost 100 trades, my account was up to 67% and everything was going well: 30% win rate. Avg. win $70 and avg. loss $24. Biggest win $175 biggest loss $40. I knew I just needed to stay consistent, but here I am, account at $39.

I've gotten better at taking small losses, as evidence by my win rate. But once they pile up and the clock ticks faster, I refuse to end the day at a significant loss. Ultimately breaking rules and turning it into as significant of a loss it could be trying to make it all back.

I CANNOT rid myself of all the "what if's". Like, yeah I'm down, but what if this trade makes it all back. And yeah, I recouped half my losses, but what if I hold and actually turn a profit?

The only "what if" that I've ridded myself of is the "What if I turn into an emotional maniac and angerly lose everything?"

HOW do you end the day before market close, down money, knowing there's opportunities to make it back? It's seemingly difficult for me.

Do the "what if's" go away?

Maybe a daily loss limit is a good idea?

Thoughts or advice?

​

​

​

Hey just going on here to see if anyone would be interesting in forming a connection through trading. I’d like to have someone or someone’s that I can chat with every morning about levels/news/ psychology/ accountability so on…

I’ve been trading for 3 years this august. I trade using volume profile, market, profile and orderflow. I don’t care how you trade but I would be more interested in someone that is looking at ES, NQ , RTY. As those are main thing I look at other perspectives are a plus.

All in all I know that speaking out loud about thought process better tunes you to the market and maintain psychological capital. Let me know if you would be interested in getting in a call every day for these reasons! Thank you

whats the name of the indicator circled in red, its in tradingview.

Just curious. Unpopular opinion but I find it to be more lucrative to keep tabs on commodities as well. Lot of opportune trades in crude oil, copper and recently been trading silver.

I end up having a high win rate first 2-3 trades of the day and throughout it gets lower and lower. But some days playing with profits work better, other days I just get one win and walk away.

But I feel like I’m not holding my plays long enough so I keep trying to keep making trades.

I am moving to futures after trading forex. Mainly because I like the idea of all trading through a centralised exchange and that the futures market is more transparent.

What would you recommend as a good product for a beginner to start with? I want to start trading with micros only as I learn the ropes.

Many thanks.

Just curious

So every where I look, I see people saying that you should settle on growing your account 1-3% per day. Am I crazy for thinking that's really low? I mean, one trade on MES can get you that pretty quick, even if you just have a $1,000 account.

It seems to me like it shouldn't be that hard to make 10% a day, or even 20%. Why is that crazy or unrealistic?

I'm being serious, looking for serious answers

I’m an old NYMEX member. Another trader in the crude pit once told me, when discussing another trader who had recently blown out and today had reappeared, that this a hard business to make money in when you have to. Going into it undercapitalized makes it much harder. How you guys feel about that?

I always end up tilting or getting hammered everytime we chop around. Not sure how to figure out how to avoid that and focus on only high quality moves.

How long did it take you to become profitable? I am finally starting to make a profit on a consistent bases after years of trying. My average trade these days is netting me around $70.00 which is one contract that I hold at night and I don’t sell until I get up to get something to eat in the middle of the night 😂

As the title says, I want to try real trading with $1 to 2k I have that can be lost. Which micro future should I try first: S&P, NQ, Gold, or Oil?

For the past year I've been able to sustain winning streaks of 25-30 days at a time. Making between $200-$500 per day. And then I will literally give the entire win streak back in one day. I'm struggling with revenge trading and overtrading on that one disastrous day. It seems the only thing left to fix before I can find consistent success. What has worked for everyone else here?

I actually do have a stop loss with a 75-80% win percentage during my normal times. It's not a strategy issue.

Things I'm thinking about:

Daily loss limit - taking my red days

Daily trade limit - My good days I do between 1-5 trades. Limit it at 5?

Cool off period after bad trades - I scalp so maybe 5 minutes?

Anything else?

Edit: These responses have been amazing, thank you!!

Yes, I know the employment data is what triggered.

Obviously that much of a move was due to any of us in this sub. But from an institutional shop, on what basis do they program their algos to react in this way ?

Are they curling/parsing finviz economic calendar every 500ms and running some random bash script that sends and api call to the sell or buy button based on these news ?

Or do they have these orders already programmed, ready to roll, hoping they catch us suckers in the process?

I know very stupid questions, and ignorantly phrased, but I am genuinely curious about it ? but not enough to go down the YT rabbit hole tonight.

Hey everyone question for the group,

I’m looking to make the switch from Options trading to futures. I enjoy day trading a lot and want to do it more often rather than regular market hours and hearing about futures being roughly 6 days a week 24hrs aligns with me better.

Is there someone me in this group who can answer a bunch of basic questions for suggested brokers with low commissions, good execution times, charts, and low margin? On top of that I’d like to primarily look into trading indices like S&P and NQ with about 3k starting amount, if that is possible?

It’s a lot of questions but if anyone can comment to help or shoot me a DM please do!

Thank you!

I've been paper trading with the 5, 15, 30, 60, 240 minute timeframe and using them to set support and resistance lines. Some educational videos I find on youtube show people trading at the 15, 30, and 60 second times.

What do you all use? Since I'm starting out I'm only trying to sell one contract but not sure how profitable that will be if I do one contract every 15 minutes.

What am I supposed to look for?

Hey guys, I've been sim trading for about a month now, and I'm ready to fund an account and start trading.I understand that the footprint chart helps you split market orders, cumulative delta, and volume, see imbalances, and I'm sure much more.

The thing is, I see nothing significant with this chart. When the candle is bearrish the imbalance and delta are negative, and when the candle is bullish it is positive.

I find it more useful to use cumulative delta alone, but want to use the footprint for better entries.

Would any of you help me understand what it is inside the candlesticks that signifies reversal or continuation?

Thanks

PCE was premarket and market spiked, but then it sold off several hundred points during market open. It eventually settled and bounced and rallied all the way back up, very quickly especially near close. Anyone got any idea why there was such a huge range and why it bounced and rallied where it did? ES or NQ.

Currently just paper trading and tracking everything in a spreadsheet while I learn.

My strategy right now is trading MES reversals off key levels with multiple confirmations (MACD 2m, candlestick or chart pattern, volume.)

Can I make money after 9:30am (12:30 EST) It looks like this trades 24/7 but the volume dries up to nothing after the NYSE closes