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Hello everyone, John here.
I'm new to live trading in the ES, looking for knowledge from everything from charting, order entry/exit timing, and price analysis.
Basically, I've come to sucks off your knowledge......wait, that didn't sound good.
I sort of walked around stocks and dipped my toes in before I settled on futures.
I liked the focus aspect of only trading in on thing at a time, and decided to focus all my energy into learning as much as possible about ES futures.
I don't have an exact date picked yet, but sometime in November I plan to put together a webinar that aims to cover the basics for a beginner trader, including:
Selecting a broker
Selecting a trading platform
Formulating your …
Both Fed Chairman Bernanke’s remarks yesterday and President Obama’s speech last night about his jobs plan; combined, failed to reassure the market that a solution to the country’s economic woes was at hand, and the …
I wouldn't recommend anyone learn to trade on ES....
Out of curiosity, why not?
I only ask as I've done a fair bit of research and I know this is the hardest market to be profitable in, as it's all professionals and the busiest market full of black boxes and algos, and they're all better than me....
So, why not learn on #1?
I'm of the mindset that if I can't take on the hardest, then why even bother with the lesser markets.
Not questioning you....just curious why you say that?
Legendary / Stochastic Calculus is not your friend
Experience: None
Platform: Ninjatrader, Python API
Broker: CQG
Trading: S&P, Crude, Gold
Posts: 851 since Oct 2009
Thanks Given: 3,422
Thanks Received: 1,537
hey no problem!...for exactly the reasons you said. There are better instruments for learning to trade futures. Also consider your trading platform and what your skill level is with it. You can make some very expensive mistakes if you are not proficient. I myself would prefer something like ZF or YM for someone starting out...or better yet open up a micro forex account and throw $500- bucks in it. If you can trade for a month without blowing it up then you're doing pretty good!
All in all I encourage you...there is a lot of help on this forum. I'm all for jumping in and getting wet, but I think the gradual approach will do you better in the long run. Once you have defined your method and are profitable you can probably trade anything you want. I used to trade only Crude, but now have added Bonds (ZB) and ES that I trade actively pretty much every day.
Makes sense.
I have no issue starting out small and slow, if it will ultimately make me a better trader overall.
Thanks for the advise!
That's also part of the reason I'm even here.
I thought I could do this all on my own with enough studying and training, but I realized a support group for learning from real world experiences, both good and bad, can be invaluable.
