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Lol, well I have been trading for 18 years. Not sure what your asking about trading tips and advice. It's difficult to give a couple sentences of advice that would be helpful to someone new except to say that most people getting into this business drastically underestimate the time, effort and work involved to become profitable. This is a journey that will take you many years and even then there will be no guarantees.
2K seems extremely low for a volatile instrument like NQ.
A few bad trades in a row and you are down to 0, and no matter what you think, everyone experiences a losing streak every now and then.
You might be better of trading some of the micro futures.
Ps; For everyone reading this: A like/thanks to my original post in the link below would be very much appreciated since i can win a price with it!
And i have never been more profitable!
Once i started trading i thought the more information i could see the better a trader i would become.
There were some other setups in the time in between then and now and it took some …
Today, 1 contract of NQ dropped almost $8,000. You can't be thinking of trading this with $2K capital. Trade micro futures but commisions are going to be bad for what you can make in them.
Yes. I do not have a quantifiable edge seems to be the nagging problem I face. Good edges are not shared freely...you literally have to be a coder to be a quant trader.
Stop should be determined based on the method and timeframe your trading. We know nothing about the original posters trading method. Looking at his posts leads me to believe that this is his first attempt at trading.
And what if you happen to start trading live just when the system has a losing streak?
2K with NQ like it has been moving the last few day's is very unrealistic.
Probably less than 0.01% of the traders could grow the account to a decent amount from 2K trading the NQ.
He would be much better of trading micro futures or OTC products where he can adjust his trading size to the balance.
