SOCOM
Elite Member
- Jul 21, 2010
- 4,303
- 3,272
Gotta add some additional social media code to your trading bots LOL.
[Journey] Going all-in with trading - Index Futures + Crypto + Prop Firms
- Thread starter INCC
- Start date
Gotta add some additional social media code to your trading bots LOL.
- Feb 12, 2018
- 5,092
- 6,544
I don't trade with bots, but I know there are tons of them built just to monitor and act on Trump's ramblings.
- Feb 12, 2018
- 5,092
- 6,544
Not possible.
I am a prop trader, meaning I use funded accounts provided by proprietary trading firms, and they don't offer options trading (to my knowledge). There are only futures and CFD firms.
There are definitely certain aspects of it that I must master, like options expiring, among other things, as that can directly impact my trading, but I will always be a day trader. Options flow is too complicated to add on top of my order flow learning stack right now.
Rufai
Supreme Member
- May 23, 2020
- 1,366
- 1,180
Edit: I'll also add The Candlestick Bible. A must have for every trader.
Many traders fail not because of their setup, but because of their trading psychology. I see that you have many books on technical analysis, but not many on trading psychology. One book I highly recommend is Trading in the Zone by Mark Douglas.
I also suggest that you stick to one or two trading pairs or instruments, do a lot of backtesting, master those instruments, set a maximum number of trades per day, and, more importantly, stick to your plan, as this is very important in trading.
Good luck with your journey, and I wish you all the best.
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- Feb 12, 2018
- 5,092
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I do have it and some other books from him.
The thing with these books is that you need to read them many times, once a month or so, because you keep forgetting. Some things you need to experience first before you understand what he is talking about.
Thanks mate!
destroi
Regular Member
- Sep 21, 2012
- 270
- 113
I agree, trying to trade everything at once is the best way to lose quickly.
- Feb 12, 2018
- 5,092
- 6,544
Thanks!
I don't think you have much time holding that short, to be honest.
Going into September will be dangerous, but August is usually a poor-performing month for crypto, so you likely have another couple of weeks of safe sailing.