• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 50,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

  2. Forum *Official* Book Discussion
    Influence, The Psychology of Persuasion by Robert Cialdini

    The forum has voted to discuss this book. Grab it and let's discuss!
    Buy: Buy | Discuss: Influence: The Psychology of Persuasion(Review | Discuss)

Futures anyone??

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by royemunson, Jul 25, 2007.

  1. royemunson
    Offline

    royemunson Contributor Read Millionaire Fastlane FASTLANE INSIDER

    Messages:
    216
    Likes Received:
    69
    Joined:
    Jul 24, 2007
    Location:
    SW Ohio
    Rep Bank:
    $374
    Anyone here trade futures?

    I studies under a CBOT floor trader and actually met a full time trader through the rich dad forums - hey the place is good for something.

    Just curious??

    You don't hear much about this vehicle.

    Joe
     
  2. JesseO
    Offline

    JesseO Contributor

    Messages:
    548
    Likes Received:
    31
    Joined:
    Jul 25, 2007
    Location:
    Phoenix, AZ
    Rep Bank:
    $102
    Who was it? Bear?
     
  3. royemunson
    Offline

    royemunson Contributor Read Millionaire Fastlane FASTLANE INSIDER

    Messages:
    216
    Likes Received:
    69
    Joined:
    Jul 24, 2007
    Location:
    SW Ohio
    Rep Bank:
    $374
    no blashtrader. followed his trades and we agreed on many of them and money was made - big money
     
  4. sulli
    Offline

    sulli New Contributor

    Messages:
    30
    Likes Received:
    3
    Joined:
    Jul 26, 2007
    Rep Bank:
    $34
    Hi Bear,

    I trade futures exclusively. I run a couple of counter trend systems on the s&p emini and plan to launch another system in August/September that will trade a portfolio of various futures (e.g. bonds, currency, metals).

    Over the past 2 years, I have worked on transitioning to fully automated execution. My trading is now fully automated. It's great because it allows me trade multiple strategies at once. I just keep developing and adding systems, in an attempt to make my equity curve as linear as possible.

    sulli
     
  5. TheGreatBear
    Offline

    TheGreatBear Guest

    Rep Bank:
    $
    So you do system trading. What do you base your system on? What time frame do your systems trade? If that isn't convenient to answer, which books helped you to get started on system trading?
    Thanks
     
  6. royemunson
    Offline

    royemunson Contributor Read Millionaire Fastlane FASTLANE INSIDER

    Messages:
    216
    Likes Received:
    69
    Joined:
    Jul 24, 2007
    Location:
    SW Ohio
    Rep Bank:
    $374
    Personally (and i know this is directed elsewhere)
    i learned from a mentor.

    i read books by schwager and elder to name a couple

    i learned trading by systems - swing trading, position trading,
    money management, edge trading, etc...

    done very well paper trading but haven't done it long
    enough to rish capital just yet.

    totally technical trading - no fundamentals except maybe
    some seasonal reports and other reports to review for back up

    Joe
     
  7. sulli
    Offline

    sulli New Contributor

    Messages:
    30
    Likes Received:
    3
    Joined:
    Jul 26, 2007
    Rep Bank:
    $34
    Bear,
    I replied to your questions on a new thread www.thefastlanetomillions.com/showthread.php?t=37 I didn't want to hijack the Futures thread.

    sulli



    About Futures: As far as having enough leverage to "hang yourself", I don't know how anyone can open an account with just enough money to cover the required performance bond and expect to trade profitably? :nono: Craziness. However, I think it's very common.
     
  8. royemunson
    Offline

    royemunson Contributor Read Millionaire Fastlane FASTLANE INSIDER

    Messages:
    216
    Likes Received:
    69
    Joined:
    Jul 24, 2007
    Location:
    SW Ohio
    Rep Bank:
    $374
    ahh.
    the importance of money management. one overlooked area in futures but one that, as you said, is overlooked a lot.

    i was taught to never risk more than 20% of my acct at one time.

    that's why they have mini's and lower risk, lower volatile markets such as corn.
     
  9. sulli
    Offline

    sulli New Contributor

    Messages:
    30
    Likes Received:
    3
    Joined:
    Jul 26, 2007
    Rep Bank:
    $34
    Another consideration is when futures go limit up or down, which can happen. It's funny, because of this weeks volatility, Interactive Brokers (my broker) sent out links to their customers with information about %limit down at the cme and cbot.

    www.cme.com/trading/prd/equity/pricelimits.html
     
  10. royemunson
    Offline

    royemunson Contributor Read Millionaire Fastlane FASTLANE INSIDER

    Messages:
    216
    Likes Received:
    69
    Joined:
    Jul 24, 2007
    Location:
    SW Ohio
    Rep Bank:
    $374
    all good points. that shows we all learn differently. there are apparently/obviously many factors involved when trading.

    Joe
     

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page