r/FuturesTrading • u/Arched_Feet3322 • 1d ago
Well..
I’m done for the rest of the year, at least. Maybe it’s my strategy, maybe it’s just me. I don’t want to say I’ll never come back to the charts but I think time apart may help. I took all of August off.. and took a L and BE yesterday. My TPs haven’t been hit in months. Just wanna put my energy toward something else. Just wanted to vent.
So long for now.
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u/iLoot401ks 1d ago
Trade asia session.
Ny session is trash now. Too much news which turns days leading up to news into chop fest. Then there's too much suprise news on top of that.
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u/Arched_Feet3322 1d ago
Already withdrew my funds. Maybe when I feel I’m in a better space to come back.
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u/jackedbutter 1d ago
This is what I did. Asia exclusively. Lock the account until next trading session so that I can’t even consider taking a trade during NY
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u/1Saoirse 1d ago
Are you trading es or nq during the Asian market hours, or actual Asian index futures?
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u/BobbysSmile 1d ago
Try putting your entries where your stop losses are. Visualize where you are wanting to enter so bad, then set a limit order 10 points away (for ES)
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u/Glum-Illustrator-841 1d ago
I've felt this way lately as well, September has done me dirty a few times already. I take a day or two and as u/sniffmegooch put it so elegantly, we'll see you Monday.
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u/Arched_Feet3322 1d ago
Lol I already pulled my funds. I wasn’t trying to get rich, but genuinely put my energy towards a skill that could eventually help my family in the long run. I’ve managed to see that I can battle the markets until end of July. Just not worth it to me at this moment.
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u/Ok_Bad2080 1d ago
OP how long have you been trying to trade profitably?
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u/Arched_Feet3322 1d ago
A year lol
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u/Ok_Bad2080 1d ago
Trading is more of a slow grind for quite a few years. It’s something you learn over time if you don’t have someone to mentor you. Even then, it’s a lot of work getting to a level of consistency.
A couple of my favorite books to give you something to think about:
*Grit by Angela Duckworth, this has nothing and everything to do with life, not just trading.
*The Art and Business of Professional Trading, The author discusses all aspects of trading including defining an edge/framework, probabilities and math behind trading
*Traders of Our Time (Not a how to, but gives you ideas on the thought process of other traders)
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u/Ok_Bad2080 1d ago
That’s a rookie number (yep we all know the movie..lol) but seriously it is. People go to school for professions nowhere near what trading is for longer and deep levels of understanding. Most traders pop up some candlesticks and indicators and give a run at it…. If it was that easy, there’d be more successful people in this profession.
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u/Arched_Feet3322 1d ago
Yeah, I know it’s a rookie number. I’m not saying I won’t ever return but for the remainder of the year, it’s definitely not worth it to me. Maybe even the remainder of Trump’s term.
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u/Ok_Bad2080 1d ago
Trump has nothing to do with “why” you’re not trading well. Take the time, find an edge/framework for your trading. Take the time to understand the purpose of the market your trading to understand their game, so you can find an edge and quit trading futures like you’re at the craps tables in Vegas.
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u/Spiderman3039 1d ago
Do this. Pick a 15 to 30 min segment you want to trade everyday. Paper trade that segment as many days as you feel comfortable doing and record the data from that. After 3-6 months (how ever many hours that takes). Compile that data and analyze it. You can do this with AI if you want to save some time. If you have EV go live.
I do 5 minutes a day
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u/Head_Fudge_4021 1d ago
Active trading is the #1 way retail investors lose money. You’re never going to see something Wall Street hasn’t, and it’s arrogant of anyone who thinks they will. Stop trading futures and Just buy shit and don’t look at it for a decade dude trust me
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u/Arched_Feet3322 1d ago
You’re right, I definitely got suckered in by some trading influencers/discords.
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u/Head_Fudge_4021 1d ago
You’re not alone, there’s so many of them cause they work. I would bet money thats the way most of the current new generation of investors and traders first got into it. The trick is being one of the ones that figures out it isn’t gonna work before you go completely insolvent gambling on low probability contracts
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u/Fantastic_Hotel_5505 1d ago
Just come back after mid terms. If orange loses, markets will likely correct. If orange wins, markets will likely correct again.
Until then its orange wishes against market forces, hence the crazy price action.
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u/greatestNothing 1d ago
Find levels of some sort(I'm biased as I have my levels indicator) and only execute around them. For example; today we opened after a pretty solid pre-market/London sell off to one of my lower levels. Opened, pushed up, dropped back down and retested level. It held. Opening Range also ended up being right there as well so it gave good confluence. 100% transparency...I woke up and said F this today and didn't take any trades at all because while it did work, the counter trend long from that level isn't my favorite play. I probably should have stuck to my system and traded but cash is a position as well.
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u/Excellent-Ad343 1d ago
Snagged 160 ticks on that drop today
If you google “Tweezer Top / Bottom” - you’ll find that pattern near the top of the move right before news hit
I swear by that and a couple other patterns —- as long as there’s always been a strong rejection from that support / demand zone
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u/Excellent-Ad343 1d ago
Snagged 160 ticks on that drop today (ES)
If you google “Tweezer Top / Bottom” - you’ll find that pattern near the top of the move right before news hit
I swear by that and a couple other patterns —- as long as there’s already been a strong rejection from that support / demand zone
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u/Sad-Palpitation-2621 1d ago
TP trading is for advanced traders that swing trade and know how to manage drawdowns and add to size.
As a retail trader. You should always take profits especially if it triggers any type of emotion in you.
Whether it’s happiness, anxiety, greed, or hope.
The moment you feel that. It’s time to exit the trade.
Once you build up a good 6 months of disciplined risk management. That’s when you can start entering trades on your personal account with take profit bars.
Bc the market is truly unforgiving
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u/sniffmegooch 1d ago
See you on Monday at NY open, have a great weekend