Anyone here trade futures?

If your going to trade, then learn from the best. Dan Zanger is one of those, he has an amazing track record. Best of all, he offers a $89 per moth subscription. He sends you setups via email and there's also a chatbox where Dan checks in every morning so you can ask him questions personally.

I've been active trading for a while (stopped because I rather spend my time on other things + not the best time to be in stocks now) and Dan's tip's where awesome. I caught quick 10% upside moves regularly. Not all are winners of course but his winner loser ratio is great. For the losers just gotta have your stops in place...

Dan's website is chartpattern.com, he also gives a seminar each year, not sure if it's still open because I remember a few weeks ago he said almost all seats were taken for this year.
 


I don't do trading but I recommend you reading phil town - rule #1 investing and the intelligent investor
 
Oh and for education trough books make this book your bible:

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papajohn56 said:
Looking at getting into active trading on the ladder, anyone have any experience with that?
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I wish I could help you, but my only experience trading future contracts was via a broker. It was a 3 week $5K education. Ouch!

eliquid said:
In a sense, there is no real zero sum anything then as someone is always making a fee/profit without the risk. With it being the same, then its all the same.. amiright?
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If less is more -- isn't more also less?
 
the hardest thing for most traders to learn is how to get rid of your bias. this only comes with experience and can't be taught. you have to trade like a machine.

also remember that you can only deduct $3,000 in capital losses per year on your taxes unless you're marking to market. in order to mark to market (and be classified as a trader by the IRS) you need to be making trades 365 days a year and most of your income needs to come from trading. also need to apply for that classification a year ahead.

if you're consistently holding stocks for multiple days, you're an investor, not a trader...
 
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