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Search: Posts Made By: Big Mike
Forum: Traders Hideout August 5th, 2015, 05:21 PM
Replies: 138
Views: 57,043
Posted By Big Mike
I should have said: entirely possible, but highly...

I should have said: entirely possible, but highly improbable. In other words, very rare. I'm including myself in that equation. That's why I take out profits and put them outside the market and don't...
Forum: Traders Hideout August 5th, 2015, 04:19 PM
Replies: 138
Views: 57,043
Posted By Big Mike
That was purely discretionary trades. I don't...

That was purely discretionary trades. I don't mean to derail this thread, just pointing out it is entirely possible.

Mike
Forum: Traders Hideout August 5th, 2015, 03:44 PM
Replies: 138
Views: 57,043
Posted By Big Mike
I posted trades, fills, broker statements, and...

I posted trades, fills, broker statements, and etc on a daily/monthly basis in my thread from around October 14 to Mar 15 that showed me beating this.
...
Forum: Traders Hideout August 2nd, 2015, 11:19 PM
Replies: 138
Views: 57,043
Posted By Big Mike
So swing SPY. You are still missing the point....

So swing SPY. You are still missing the point. Leverage and timing. He needs low and slow, as do all beginners.

I'm out.

Sent from my phone
Forum: Traders Hideout August 2nd, 2015, 11:18 PM
Replies: 138
Views: 57,043
Posted By Big Mike
No more replies from me on this thread. The guy...

No more replies from me on this thread. The guy probably already blew up his account anyway. :eek:

Sent from my phone
Forum: Traders Hideout August 2nd, 2015, 11:15 PM
Replies: 138
Views: 57,043
Posted By Big Mike
Trade cash. Start with $1000 if you have to. But...

Trade cash. Start with $1000 if you have to. But not futures!

Futures is highly leveraged trading. You don't drive a Formula 1 car without first driving a regular car and mastering it.

Start...
Forum: Traders Hideout August 2nd, 2015, 11:09 PM
Replies: 138
Views: 57,043
Posted By Big Mike
Your advice was good... just replace futures with...

Your advice was good... just replace futures with swing trading stocks, or possibly forex although that has its own set of issues.

Sent from my phone
Forum: Traders Hideout August 2nd, 2015, 11:05 PM
Replies: 138
Views: 57,043
Posted By Big Mike
And anyone encouraging $1000 futures is just...

And anyone encouraging $1000 futures is just encouraging someone to learn terrible behaviors and trading styles that will take them twice the time to unlearn.

Sent from my phone
Forum: Traders Hideout August 2nd, 2015, 11:03 PM
Replies: 138
Views: 57,043
Posted By Big Mike
Lady you completely missed the point. You cannot,...

Lady you completely missed the point. You cannot, under any real circumstance, trade futures with a $1000 account. Period, the end.

Starting with $1000 is fine. Go swing stocks. But futures?...
Forum: Traders Hideout July 29th, 2015, 10:16 AM
Replies: 138
Views: 57,043
Posted By Big Mike
I didn't say no one can learn, but that you have...

I didn't say no one can learn, but that you have to be realistic. It's not realistic for a short person to want to be in the NBA. It's not realistic for a person without arms to play golf.
...
Forum: Traders Hideout July 29th, 2015, 10:14 AM
Replies: 138
Views: 57,043
Posted By Big Mike
I don't have an issue with sim trading for a week...

I don't have an issue with sim trading for a week (5 days max) to understand how your platform works. You should research what orders are before that.

My issue is with people that think sim...
Forum: Traders Hideout July 28th, 2015, 09:39 PM
Replies: 138
Views: 57,043
Posted By Big Mike
I strongly disagree with those saying go on sim....

I strongly disagree with those saying go on sim. Instead, go swing trade equities. Sim trading futures will just setup more bad habits

Sent from my phone
Forum: Traders Hideout July 28th, 2015, 07:35 PM
Replies: 138
Views: 57,043
Posted By Big Mike
Just like not everyone can be a professional NBA...

Just like not everyone can be a professional NBA or NFL player, not everyone can trade. For those that argue you can learn the skill, it is similar to saying a 5' tall person can learn to play in...
Forum: Traders Hideout July 28th, 2015, 07:28 PM
Replies: 138
Views: 57,043
Posted By Big Mike
Close the futures account, buy SPY ETF and check...

Close the futures account, buy SPY ETF and check it again in 5-10 years.

If you want to gamble, go to Vegas. You know nothing about trading, and you will lose everything.

Mike
Forum: Traders Hideout July 28th, 2015, 07:04 PM
Replies: 138
Views: 57,043
Posted By Big Mike
Good luck, you'll need a very big miracle. ...

Good luck, you'll need a very big miracle.

Why are you trading futures with 1,000? It's beyond ridiculous, it should be criminal that a broker is even allowed to open an account for such a small...
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