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Looking To Begin Trading Futures: $$ Losses
Hi folks. This is my first post in this forum. I am new to the futures market but not quite new to trading. I started messing with the stock market back in the late 90's when anyone could of made money buying blindly. I am now retired and would like to consider trading actively full-time. I started reading several books on technical analysis, commodities, and futures as I would like to learn to trade properly.
I have about $20,000 of risk money that I consider as tuition as I understand this can be quite a difficult profession. My main goal is to be able to make a living trading. I am here to seek a little advice on my current road block I am encountering. This is my third month trading the futures market and I have lost roughly 40% of my initial stake. I practice strict money management and place approximately 3 trades a day. I am still at a point where I have not yet settled down on one method; still testing out various techniques.
Any advice to get me going in the right direction would be appreciated. Thank you.
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