$1000 dollars per contract

I can't believe how little futures discussion there is on here, just goons pumping coins.

>>1863166
This. Derivatives are extremely interesting, and something I'd love to get more insights on from with people with experience on here.

>>1863124
Newfag here. What are futures?

>>1863189
Futures = Bitcoin/Ethereum

You dump all of your life savings into those futures

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>>1863124
sexplain in the finest possible detail exactly how you begin to do this?

how much money do you need?
what software do you use?
what are the risks?
what is futures?

Every idiot here who held Eth is up 300% this month so your s&p 500 gambling isnt really impressive.

>>1863124
how do i get such a pretty chart?

Overall, I think I'd love to be futures trader

>>1863197
well you need to know what you are doing (you can lose/gain a lot of money very quickly) S&P contract pays 12.50 for each quarter of a dollar it moves in each direction. So if you would have bought at midnight 1 contract and sold right now you would be up roughly $820.75 plus whatever your broker charges per contract, per side + exchange and NFA fees

learn to accurately read markets

you can trade with like literally 5k depending on your broker(best to have like 10k that you can lose all of plus collateral)

tos, ninjatrader, tradestation, cqg, or Bloomberg Professional are some of the common options for software

leveraged buying/selling often in the six figure+ range

futures are a contract to buy or sell typically a commodity or index at a set price on a certain date

>>1863897
I enjoy it
>pays pretty well too if you're any good

I trade CL, ES, ZB, YM and a few others daily.

AMA. I've been doing this for 3 years

>>1863929
>all these fees/tax

nah, looks like I'll stick with crypto this futures trading thing seems like a bag of shit.

>>1864712
why are you still poor?

>>1863206
This and I trade futures.

>>1864712
>>1864741

Can you give a basic rundown in how it is you make money from what you do with futures. What are your input costs for each position, how long due you usually have to hold positions, and how much profit do you usually make in your given trades.

>>1864744
This and how you research, what do you exactly go look into

>>1864725
Im not
>>1864744
I have a daily target of 1000USD. If I hit that with my first trade or surpass it, I am done for the day. I usually take 1 morning trade on the CL (Crude oil). If that fails, I fade the opening gap on the indexes or look for some other easy trade. I rarely have a losing day and quit my job since this makes substantially more than any other job ive had

>>1864744
>>1864758
I started by reading a few books on trading as I had trouble trading stocks at first. I then read a few books on trading. I quickly fell in love with futures. I started with sotck index futures like the ES (S&P500), YM (DOW) and NQ (NASDAQ). I've since moved on to commodity futures like CL (Crude oil) and NG (Natural Gas)

>>1865006
Thats a pretty big target, what's your account size? How quickly do you close unsuccessful trades?

>>1864744
you buy and sell leveraged contracts. These contracts have a tick size(minimum price movement of the contract), Tick value(is how much you gain or lose based on tick size), and initial margin(how much margin is required to open the position). The ES for example has a tick value of $12.50 meaning for each quarter of a dollar the ES moves in you gain or lose $12.50.

Costs depend on your broker. After exchange/regulatory fees its usually like $6 round trip

Most traders hold futures contracts for a very short amount of time. Most traders are out within a couple hours

Target profit of $1200ish per day

>>1865724
What percentage do you shoot to gain? And at what percentage would you pull out and take a loss?

futures are for plebs

crypto is for patricians

>>1864712
>>1863929
how many times have you guys blown out an account? many moons ago a few months after I turned 18, I opened an account with mirus futures. bought an oil mini at like $140 something and sold it a minute later at 140.2 - quick $100 profit. did it again the opposite direction a few minutes later. $3200 was the peak of my account value and it slowly dwindled to $800 or so and I closed it soon after I graduated college. my job is quite boring these days and I'm thinking about getting back into it. I actually worked for Ninjatrader for a bit too, started when NT7 was still in beta.

>>1863124
>>1863721
so, uh, zero chance of getting an export of this?

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Coming from forex, a centralized exchange and no spreads is so nice. I still do forex since I am more familiar with it, but plan on doing futures full time when I have enough capital saved up. Ninja trader is a pain in the ass though.

>>1863124
I trade short call spreads against UVXY so I can take advantage of its huge decay due to contango.
Does that count?

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>>1865015
What books?

>>1867082
What the heck you told me to do that 2 RH threads ago

>>1867101
That wasn't me tbqh.
But it's a great trade.
Its risk defined so if the VIX blows you the fuck out you just write that week off and go at it again next week.

>>1867042
Sorry been busy, its simply thinkorswim. go to tdameritrade, make an account, you can download the platform for free.

theres lots of places to get layouts and settups. gotta find what works for your trading style.

https://futures.io/thinkorswim/
http://thinkscripter.com/community/index.php
everything you see is just moving averages and linear regression channel.

i use sierrachart for my trading and to get a bookmap file running which is fantastic for reading order flow. sorry anon, i don't typically trade on Thursday and Friday so i haven't checked in. this thread actually took off tho.

>>1866810
Sorry been busy as well
Never blown out an account. I didn't do to well my first couple months but came back strong. I still have my drawdowns but they aren't significant due to proper risk management. Remember that trading isn't for everyone and is a full time commitment.

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>>1863124
long 2376.5
stop 2370
target 80's

filename

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>>1868150

>>1867095
bump

>>1868590
samee

>>1867639
thanks kind anon