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ktartarotti

Does Anyone Truly Make a Living Solely Trading the E-minis???

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We did our best in order to lower the cost of execution for our emini guys. We did it via Sierrachart so your entire cost is way below 2.00 per side (This includes execution, routing, etc) all in. I hope this saves traders on execution: Sierrachart using CTS Order Routing Please let me know if you have any questions. I would be glad to answer it.

 

Regards,

Matt Z

Optimus Futures

 

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

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Posted (edited)

I think the reason most people fail at trading is because they start trading before understanding basic, intermediate and advanced topics such as candlesticks, patters and any other technical analysis. I'm just now starting to study. And I KNOW that i MUST learn those things first. 

This is what my study plan is...

Learn Candlesrticks

Learn Candlestick patterns

Learn indicators

Learn when to enter and exit the market

Learn 2 systems and create a trading plan. 

I wont start trading until I've accomplished all the above. If I missed anything, please let me know. 

Edited by JohnnyFame

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1 hour ago, JohnnyFame said:

This is what my study plan is...

Learn Candlesrticks

Learn Candlestick patterns

Learn indicators

Learn when to enter and exit the market

Learn 2 systems and create a trading plan. 

I wont start trading until I've accomplished all the above. If I missed anything, please let me know. 

I think the top 3 are not going to useful to take money from other traders.  

I know this will sound vague and unhelpful, but the most sensible thing on that list imo is, "Learn when to enter and exit the market."

 

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I agree.  Technical analysis and candlestick patterns aren’t really going to help you IMO.  There are a number of guys recently who have proven they are profitable with verified 1099’s, and they all trade order flow by waiting for volume and delta imbalances and then trading against the guys who are “stuck”

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So you're saying that as a beginner, you don't need to understand the technical aspect of trading? If you dont understand what's going on on the charts, how can you trade successfully?

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That's exactly right.  There are no chart patterns really, it's just your brain trying to find order in the chaos.  Order flow will create certain similarities that show up in the charts, but they never develop in the exact same way, so in my opinion it's a waste of time.  You know what moves the market?  Orders coming in, orders going out, that's it!  I would focus on that.  When you have aggressive buyers who are stuck in a bad position, and aggressive sellers who are in a good position, that is fuel for a move down.  I would focus your research on those aspects of the market.  After that you will probably be able to put that information into a chart that uses that information and gives you an edge.  My .02 of course!

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There are a couple of podcasts that interview successful guys, and you can listen to those to see if any of those interviews inspire you to focus your research one way or the other.

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i started out trading the big 500 point sp's and then 250 and now 50 and mostly that is what i have traded with some bonds mixed in.  i have traded many markets about all of them but always come back to the es. 

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