How to trade futures reddit. Though it offers me high leverage (up to 400x) but I don’t use more than 1:50 fearing extra losses. It pays for itself in the long run. As far as I know in the US IBKR blindly follows SPAN futures recommended margin, so about it's the same as all other brokers. Are these initial margin requirements for futures day trading accurate: IKBR: $16,50…. Anyone primarily swing trade futures? I just developed a more swing style strategy for ES (holding for 1- 8 days) and the rigorous backtesting I did seems to yield decent returns (around 7-20% depending on the year). Welcome to FXGears. Once you trade futures you never go back. Intraday the /MES is only $50 and the /ES is only $500. How much depends on a number of variables, the most important being who your broker is. Coming from the stock world, it is so confusing. Then, click the button “Enable Futures Trading” and tick “I Have Read and Agree” to proceed with the operation. Cut your losers quickly. If you’re only trading indices, it probably won’t matter. I would recommend using tick charts for intraday trading and 60minute charts for the short term trend. But there are no charts on trading view. If you want DOM, you can pay more ($13. 750. I was honest in my application for futures that I had not experience but that didn't seem to be an issue. When I first began trading in March 2020, I used the 5-minute chart for a couple of months, but switched to the 1-minute chart eventually when I started day-trading options seriously. Reply reply. 00/month), but other brokers, like thinkorswim, can provide DOM for free. No. Clearly I don't know what I'm doing. 10 of SPY movement is the equivalent if one point movement of ES. Well Futures Contracts don't work the same way. When you are getting started you are learning the basics of what exists. You can look at those 3 charts vs tick chart with volume bars in various conditions, times of day etc, see what good info is there. Trading from the chart isn’t a great experience. AMP uses third party software providers such as CQG, Rithmic, and TT for execution or uses their feed for other platforms. k. Reading through these responses is a good lesson in the lack of understanding when it comes to trading, futures in particular. mcho_man. Which means they assume you understand what the risks are of your base portfolio and how to trade off risks with other players in the market. Since 60% of that is taxed as long-term capital gains, is it: $50,000 * 60% = $30,000 taxed at 0% rate since 60% of $50,000 is $30,000 and since $30,000 < $40,000, I pay 0% taxes on it. Absolutely not. It offers you more control over your portfolio and "does it for you," but a strategy is still required. That info seems comically hard to find To get a quick overview of this process, you can refer to this pic below: How to enable Futures trading? Log into KuCoin Futures, and click “Trade”. Anyway most futures are designed to be $50k-100k in underlying. Then memorize the distance relative to contact size Format the cells to round to the nearest number. Yes options can make you lots of gain but I prefer straight stocks. Apart, you can consider trading a portfolio of strategies to minimize risk and have a more robust trading. Generally speaking trading futures is brutal in the beginning and for quite some time thereafter. -2% stop loss, sell profits at 7-10%. It’s a great platform with low commissions. ("Short Sales" is sort-of like futures trading. e. It Iooks like you can do futures AND options on that 5th link. But to allow any sort of movement before getting liquidated, you probably want to start with at least $500 onwards for a single contract. If you bought the stock at the start of day and rode it to the end of the day, you would most likely lose money over time. Share futures trading insight, tips, and your trades! Webull is now trading futures! I don't see enough incentive to switch brokers ATM but they offering free data certainly seems disruptive! I'd love too see if/how other FCM react. /MES is only $1-2k. In the real world this means having access to a 500k or 1M dollar account. IBKR seems to have the same margin as the big futures brokers (NinjaTrader and Tradovate) for /VX so I think TW Payouts are once a month, end of the month and you need minimum trading days. Share futures trading insight, tips, and your trades! Profitable traders (3+ yrs) As a beginner/intermediate trader, I would love to see an overview of "legitimate" stats if you are willing to share. Index futures, MES, MNQ, MCL have good liquidity. To get a quick overview of this process, you can refer to this pic below: How to enable Futures trading? Log into KuCoin Futures, and click “Trade”. Futures options have higher fees than equity options. I use the sierra chart platform + stage 5 broker. Most traders have 25k accounts and are risking 5-10% per trade. The only thing with futures options is they can get illiquid after hours depending on what you’re trading. The CME contract is five bitcoin size. Pick a futures market to trade. I leg in and out of each trade. Once you know the above, you have enough knowledge to trade imo. You have to click the right button and tell them you’re from the. Best place to start for a beginner though. For example: the Chicago Mercantile Exchange a. You may as well hand $500 to the next person you pass on the street. 40% x 37% Max ST Tax = 14. I, too, am moving my manual trading capital elsewhere, but leaving my algo trading capital with TS. If trading 1 MES contract is too large of a position size you can trade the SPY ETF. edit: more on contract types - the most traded (AFAIK) S&P index futures contract is the ES, which is actually the S&P 'mini'. The lowest NQ is $500, most are Welcome to FXGears. I have been using the 1-minute chart for almost a year now. They have some practice videos when you buy their software, which is the best for DOM anyways. With this 1 contract is now = 3, and it's 150$ a point. I primarily trade ES (accounts for 70% of my trades), GC, and NQ. g. How exactly to trade oil. The one you make profit with. I think it would be very helpful to see the landscape of what's possible. In case no one has pointed it out yet, I noticed you mention “without expirations”. The theory is that you trade the seasons. Choose whether to trade oil futures, spot prices, or stocks and ETFs. I trade forex most times with TurnkeyForex. Trying to engage prior to that can be really tough. a CME (which includes the E-Mini S&P a. You need to know how each market works (e. the ' notional value ' of the contract is the tick value ($50 - one tick on the price scale) times the index value (currently 3,335) - i. Since timing is extremely important. Easy-to-understand steps for trading futures: Learn the basics of futures trading. 15. You also need a margin account. When the futures contract comes up, you get the thing purchased. If you can stand to see 20-50 points go against you before turning "sometimes", MNQ has the best bang for your buck. Start with Micros. so MES has big players who are smarter than you and everything else is too volatile. Well, remember, the performance of any stock during the day is the net value of its start of the day price minus the end of the day price. Understand it before trading futures, and unless you're very comfortable with the risk stick to 1x or very low leverage. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. Since NQ is so thin, you might try using a the volume profile footprints and combining every 3-5 ticks into one volume bar. But both are about selling Options I do credit spread or deep itm leaps. Currently using sim account and traded ES for shits and giggles. Across 3 different prop firms. Futures in general are designed for hedging various risks. The latest big crash was right when JPow started testifying a couple weeks ago. ? Take some time to do plenty of research into these concepts as well as hundreds of paper trades first. Ye. For futures, a $1 move on SPY is equivalent to a $500 move on /ES futures. These are the most liquid hours . Tasty is my primary account, but I don’t like it for day trading futures. YM is less of a tech index and is a better long in circumstances when tech is underperforming. Make a calculator on a spreadsheet where you input a max $ loss and then have different cells tell you how many contracts you can trade based on how far away your stop loss is. Do you understand price action? Can you read candlestick patterns etc. I am a former financial advisor, I worked at Etrade, Morgan Stanley,Wells Fargo, PNC, and JPM. Anyone care to share their experience with them ? Most people know this so they think $500 to $1000 is enough. I want to trade with $1000-$2000. For futures trading, I use Trading View for charts and Tastytrade. Futures involve substantial risk of loss. IB is decent. OKX: Provides a diverse range of trading The best hours for trading futures is between 9 :00 AM to 11:30 AM and also the last hours before the market closes . Thought I saw IB mentioned before. Monitor and close your position. contract specs, expirations of each. For futures trading, I usually use TradeStation. For SPY options, a $1 move on SPY is $1. com, a trading forum run by professional traders. Literally the only channel I can recommend for futures off the top of my head is axia futures because they are actually a trading firm. The big benefit of futures Vs day trading - you can short! It's also far easier to see your positions and profit and loss at a glance compared to spot trading in the binance UI. 00 or $100 on one call contract. I am semi retired now and trade the ES exclusively and utilize Options on Futures to due so. 3200 ha candles for continuation of trend and 512 for entry timing. Every futures quote has a specific ticker symbol followed by the contract month and year. ”. Sure you can learn some basic concepts and get up to speed with the generic canned stuff, but that is just a foundation for you The after hours trading is most important during the Asia open, and EU open, for me that’s 5pm and midnight, (on PST). r/FuturesTrading is a place to discuss futures, commodities, etc. Binance: Offers a wide variety of contracts and tools, known for high liquidity. If you see a "Youtuber" posting trading content my suggestion is to stay far away. Some trades are easier to spot with time based charts like reversals and breakouts. Typically 8-10, which can be a mix across different instruments, even some trading same instrument. If you wanna trade crypto, you'll have to go offshore (again, assuming your account is small, because CME bitcoin futures size is 5 bitcoin) If you're day trading you'll most likely have to use a VPN. To ensure the security of your account and assets, please set and verify RTY is 30% more volatile than ES and is tied to financials and healthcare. But one may have his personal choice regarding the best hours . Once you get familiar with the desktop and mobile app it makes defining risk with various strategies super easy. Based on the above, at the end of the 8 weeks you would have +$8000 and can only take out $1500. But not often. Crude Oil Futures Day Trading. E*TRADE offers over 60 futures contracts to trade, including market indices, energies, metals, interest rates, currencies, and Bitcoin futures. Reply. I think you can access this from interactive brokers as well. I contacted support because I had no clue why it happened and wanted to understand, and the first person ignored my questions. Makes it very hard. Short sales and futures sales are just making the bet before you have the item on hand. 1 point on 1 ES contract is 50. Look into a trading combine like Topstep before using real money. •. Make sure you understand the 3 levels of margin required by Tradeovate if you go with them. I just use the binance perp charts on TV, they are pretty close to Kucoin. The fact that you don’t know these things about futures means you really really really should not be trading them. You have 7500 total draw down. If you are really bad at your strategy and even only are right 40% of the time you will still make money with a 2:1 reward/risk ratio. So if you make 5 points on 1 trade. How to use basic technical analysis indicators. For each future you are trading: How much each tick up or down is worth. First payout requires 25 trading days and is is capped at $1500. But as futures are a highly leveraged investment, I don’t invest in them that much. Straight option purchases offer you the protection limit of your purchase price. While a discount broker like AmpFutures would let you trade 28x more during regular, but both might have the same amount during outside regular trading hours, so don't go switching brokers based on this alone. You need the most basic (top of book) to trade, which is $3. You can trade when you feel its the most profitable for you trade without reference to the the most liquid hours because liquidity If you’re looking to trade the S&P Index, a good path on position sizing is from Paper Trading > SPY > MES > ES. 08% with NIIT). The 2nd is for futures, the 5th for futures options. The other thing with a futures contract is that, when it expires, you acquire physical goods for it. I’m blown away that it took me 3 years to catch on to trading futures. The risk of futures: leverage. To ensure the security of your account and assets, please set and verify Futures contract tax calculation. However, I've been able to get double the margin on /VX over at TastyWorks. S. Kucoin, no kyc. If the value of a good goes down, you can't necessarily wait for it to go back up before cashing out. There are many reasons for these differences, both historical and for liquidity. The main advantage of having a bot is the ability to execute a plan 24/7. We must also keep in mind that no bot is ever truly perfect which is why the devs keep improving them with updates. It all depends on your financial situation that’s a broad question. Here are some of the best futures trading platform you may use, well, some of them are restricted in the US, but you may bypass it with VPN. You need both, but most people don't even have one. Started about 6 weeks ago: ~$6,000. Then make your winners 2x losers. But before putting trade on I always have a quick glance in the app at the chart to make get a more accurate stop. This market makes the same 5 moves. Jigsaw Trading. Also you implied you had losses last year, you can use those to reduce you returns this year. 8%. Hello brothers & sisters. Depending on your broker (I use IBKR) fees can vary! Fees are usually twice the amount with futures options, some products have higher fees than others but in my experience it makes zero difference, for smaller accounts under $5K it does matter. If you can pass the combine making $300-$500 per day is possible. 8% (29. There's a few things to understand. Tsla and spxl or spxs. For index futures, they do expire quarterly, so be aware of that. 1. NQ works similarly. After a week or so: $13,000 (caught some nice market drops when I was short /MNQ) 2 days later: $3,300 - yeah, $10k drop in Base goals on learning a repeatable highly consistent trade plan that gives you a market edge so that you can have a 1:1 , 1:2, 1:3 etc risk to reward every day that the market gives it to you. Just need a clarification - as an extremely simplified example, let's say I made $50,000 in 2020 from trading futures contracts. So far, I have had satisfactory success with scalping options with the 1-minute chart. Identify an attractive trading opportunity. Your broker lends you stock to sell right now, and you have to return that stock by buying some of that same stock by a fixed future date and you have to pay a fee for the loan. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Tradovate is the peak imo, any other broker is just extra. Etrade requires 25k to trade a single futures contract. . So far all I have gathered is there is ES and NQ. relxp. Try to use 4 tick aggregates instead of 1 tick. Yes. Problem is the margin for holding positions overnight is insane and with incorporating a buffer for losing streaks, it seems like When you go to the website and click login, there are 5 choices presented. how they settle, time they trade (23/5 in the case of the /ES) and so on. Funding is easy and fast, i dont think i can ever use any other platform for futures. That’s enough “extensive knowledge. Looking to trade futures (E-mini S&P500, Micro e-mini S&P500, etc. I have always thought it was inefficient to trade individual stocks especially in a high VIX environment where everything just follows major indexes, and never liked Is TradeStation terrible? There have an absurdly low Trustpilot score of 1. Look for 3-5 trades per day choosing only premium setups. Monitor your trade using technical and fundamental analysis. One of the drawbacks though is that commissions per unit of underlying are double ES and triple NQ. Most user friendly platform even though they do have issues occasionally. varies with each type of futures. One share of SPY means a $1 move in the underlying = $1 move in your position. Roughly every $0. Since we only have 20 trading days a month it would take 2 months/8 weeks. I like their UI, their ability to click and drag to adjust bracket orders from the chart, and their customer service. 5 to 2x more ES futures contract during regular trading hours. If you trade with a good broker (I use Tradovate) you can trade NQ contracts with $1k margin (initial, which lowers to $500 after initiating the trade). Futures Day Trading is pretty talented, but he is only trading paper. For Futures, its literally as simple as opening the client, log in and youre off to trading without any extra work. I'm trying to explore futures for two months now. The big thing about futures is that there’s no limit in losses but theoretically your margin is supposed to be your limit, but in the excitement it gets overlooked. When you trade oil, you will end up using derivative products to speculate on the underlying market price – as opposed to ever buying How can I start Future Trading. It's far more leverage. Bear in mind futures are highly leveraged products, even for the micros. Most traders online are either stock traders or options traders. ). Create a trading account. If you have a solid scalping strategy, trade the instruments moving the most, like DODGE, not the BTC. Do this for whatever futures u trade like NQ and ES. Scale down… way down to 1-3 shares of SPY. Yeah, you need both 1) an actual predictive edge that can give you a long-term expected value of above breakeven and 2) the ability to consistently execute that edge in real time while under psychological pressure, and without depleting your bankroll. Maybe if we bid an area of intreset, but the liquidity can be so low that they can do nasty stop runs, esp for NQ. Here are some balance histories for my futures account over the past few weeks when I started actively trading my futures account again, primarily /MNQ long and short, 2-5 contracts. On /es mostly switch around between 3200, 512, and 133 using the 10k tick chart to get the best picture for bigger trend confirmation. I know the minimum requirement to trade MNQ is $50, which maybe it's to entice new inexperienced traders. a /ES) has initial margin at $6,600 and maintenance at $6,000 per contract currently. How does any day trader make money. Micro futures contracts are often offered at 1/10th or even 1/5th the Ninjatrader is good if you are certain you want to trade Futures as a career, it costs 1k for a lifetime but then you get pretty cheap commissions and very low margins. 5. Desert_Trader. It's always tick or volume based for me. Golden rules to help avoid falling into traps. Check out the volume per tick level then use your brain and really think about that(not being condescending, just matter of fact). Until you want to withdraw and you can't. What these things are (to trade /mes): spx, the s and p, and /mes. Look for 10 point scalps. How to get it all set up ( with up to $60 free ) Understanding how Binance works. Develop a trading plan. Gained 4k and now down 2k. Benefit of IB is that they allow funds to be traded through stocks, options, futures, forex where as most brokers require you to have separate funding for futures and stocks. You could make that work and grow from there but IME it's a lot easier to grow an account that is $2000-3000 trading 1-3 micros or risking on $30-40 on average for the market you trade. Phemex: Known for 0. And maybe they figure that if he has a lifetime license that he paid $1099 for, then he is a serious trader and not just someone using a free version. I'm new to trading, so I don't know if this is common, but they tripled my daily margin without notice and then liquidated my small account when I made a trade. Daytrading futures, forex, stocks, etc. Futures discount brokers can and do set their own "day trade" margins and it's quite competitive. Create a futures trading account. Share futures trading insight, tips, and your trades! Any great Youtubers that you guys follow? I'm curious about what's a good Futures Youtube trader that you guys follow. It operates the largest electronic trading platform in the U. Today was a great setup Some discount brokers let you trade a single micro snp500 futures contract (MES) with $40-$50. I got approved for both futures and tier 3 options last week. You can literally throw $10k in an account, if you're good make $1k a day on a one lot, not even have to scale up, and still be the top 1% of income earners in the world. Lower commissions for one, it also includes some indicators that the other versions don't include. Download the syllabus and then go to the library and ask for the books. Ags, energy, currencies, metals can run up to $4 per contract. If you choose AMP Futures, after you have registered and funded your account, they will give instruction for setting up your account, you can choose trading platform and data feed that time. It is great for options though. Don't blow thru your capital while learning. Kind of an afterthought here, but personally I use TOS for investing but a different platform for trading futures which only requires $500 /contract for trading /ES, $50 for /MES, much lower margin requirements for day trading index futures than TOS, and I'd be really interested to see a small account challenge building from closer to $1000 up I'm really new to trading futures and currently have a $500 live account in tradovate. HINT 2: Take a look at college courses that you would give you the best education. If you are unable to come up with a way to do the same exact trade manually, go with a brokerage like Tradestation so you can design your own strategy. They have an expiration on them. Usually do 300k per trade. They are 1/10 the margin of Mini's. $166. 10% of your account per trade it is very hard to blow up. The fees are considerably higher on futures options, to the point where you need to factor it in. HINT 1: Start with economics - supply and demand / cause and effect They don't call it a market for shits and giggles. Pete used to have this stuff for free, but not anymore. The max federal tax you would pay on a 1256 Contract gain would be 26. The lowest NQ is $500, most are ZanderDogz. to trade a 'full' S&P contract you'd need a much bigger account. Use 133 more in off hours or if market isnt moving much. Hello everyone, I just wanted to be as plain as possible. For my tier 3 options application, I had speculation and 3+ years trading You can make 1000$ a day on only 1, 350$ trade that's executed 3 times. I use trade station. I only focus on 2 stocks most the time. They require it. Trading futures, options, or futures options requires some study. $50 margin day trading accounts are fine but if you've only got $500 that's 10 percent of your account for one contract. The amount of margin required, the $ move per point, etc. Open your first position. It is often best known for its trader workstation, API's, and low margins. Yes I trade futures on IBKR. Hopefully eventually they get their act together and put a table of margin/day margin requirements together with commissions. Quantity wise, TOS will probably let you trade half 1. Which can be most days if you have entries with an edge and a proper management mindset once filled. by number of daily average revenue trades. If you have a positive expectancy and are risking 0. Otherwise trade MES and M2K for a more stable and stress free time. Market data for tradeovate is a lot more customizable and straightforward compared to other trading sites. I have read several sites whereby some thinks that $1000 is a very small account, let alone $500. 00/month. View the basic steps of how to trade futures, including how to place and manage thinkorswim futures trades. Else go for the moves. With those same parameters. But again, I haven't been able to confirm. 4 (out of 5), with many recent reviews stating issues with withdrawing funds, contacting customer support, and horrible platform performance. If you are trying to trade 100 contracts of ES, what you are really trying to do is trade YOUR volume of capital. Next, get a broker that supports day trading, TOS does not. You know more than 99% of the general population. Each futures ticker has its own trading hours. Ninja trader bought Tradovate last year and seems to be in the process of integrating the two platforms. Don’t forget your state filling too, they need to include those amounts on the state filling as well. Its extremely difficult to get started on your own, believe me I know I did it the hard way! Looking to meet more futures traders and share Ideas, I'm always open to talk to new traders and answer Theres also gaming software from Nvidia, Xbox that'll record one window but you want ot capture whole screen. 1% fee for spot trading and up to 100x leverage on futures. 3 of my best technical strategies and detailed intructions on how to use them to make money. Step 4 - Choose your contract and month. Hei, I am a high school student and i work 20% in my montley income is around 500 dollar and outline to you if i said it is not stressful so i was wondering if there another way to make money beside working and i landet here so i was helping if you guys have any advice how i can start my Adventure in Trading. Hey Trades, I have been day trading Futures for over 5 years, I think its a great way to learn and make a living. The market index based ones trade 23/5 from Sunday 5pm Central Time, but many other things trade weird schedules, maybe as little as 10 hours per week. Tradovate ftw. 1 contract, 50 points. Momentum and absorption is easier to spot on non time based charts. Most the time for options I sell calls on my tsla long term. That's why they blow up and suck. Open your first trade. Since the buyout Tradovate has had an increase in crashes, glitches, and a general feeling of instability to me (like screen blinking). Their is a smaller exchange called Bakkt owned by ICE that has a one bitcoin contract. the only one i know of is "Trades By Matt". So I'm unsure if $500 is truly too small and I need to The guide includes: What crypto futures trading is. Trade ES and NQ one contract. Point and figure or reversal bars. Trading 10 contracts of ES is completely different from trading 100. ifrpilot541. I was pretty surprised TDA suggested I apply for futures, I had only traded options on the platform. If I'm not mistaken you need a minimum of $12650 on ToS to trade a single /ES contract. jw rx fb if sa vi ww be xy oi