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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.
Legendary / Stochastic Calculus is not your friend
Experience: None
Platform: Ninjatrader, Python API
Broker: CQG
Trading: S&P, Crude, Gold
Posts: 880 since Oct 2009
Thanks Given: 3,510
Thanks Received: 1,563
@Big Mike futures..well yes..but don't you think if that is something you want to do and that's all you can afford, that trading cash is more beneficial than sim trading...or not trading? I know when I started I was under funded...but I traded anyway...and blew up my account..then I had time to think..and think a lot while I saved up enough to start trading again. Lessons learned?...oh hell yeah, still learning and glad I did what I did.
I'm of the school of focusing deeply on a small batch of products. If he has done enough trading and research and knows that index futures are his thing, he should stay with that product or that security. Not jump around different products that require completely different methods or development of cognitive pathways.
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 with swing trading stocks. Learn good decision making, research, lower leverage, more time and more forgiving to mistakes. Starting with futures is insane.