Dennis Preston

It is certainly possible to make money consistently trading futures. I have been trading reasonably profitably for 15 years. 10 years before that I was a loser all 10 years. There are some things that must be assumed about this inquiry (why do such a high percentage of trades loose?). I don't believe it is possible to know the answer to this firmly since many farmers and others hedge positions and consider the hedge to be just a matter of doing business. So...for them they are merely paying a premium for insurance. Also, many trader have accounts open at different brokerages and through their accounts buy both sides of the market with an equal size of contracts and close one side when a definite trend arises. He may lose on the one side of the trade but do well on the other side of the trade. Doing so establishes that he will make money even if he has experience with trading futures. Another concern comes to mind. Breakout trading is much more difficult than it seems, Selling short immediately upon seeing the market breakdown might require the trader to hold the trade for 2. 3 or even as many as 6 points before price will return to the desired entry price. Many traders will think themselves fortunate to be at break even they scratch the trade. Of course trading the opposite Certainly a breakout long position could work the say way. Some years ago I made a change in my personal trading. At most entries I will look to enter my trade at a price in the direction momentum is moving but during the 1st tick or two of the new bar, The same works no mater which way momentum is headed. I look for fewer ticks. Maybe only 2 or 3 ticks each trade. I try to get 250 - 300 each day on each contract. Now that I am older I stick with one instrument the ES and rarely co past 10 AM Central. With NinjaTrader all in charges are very low, On average it cost me 7 dollars to make 60 bucks.