Which Do You Prefer to Trade?
Friday, March 12th, 2010 at
4:16 pm
datonphillips asked:
I’m a 19 year old trader. Mainly I trade currencies but I sometimes swing trade stocks and binary options. I’ve dabbled a little in binary options on futures and have made some money but my main bread and butter is currencies. Which do you prefer to trade? Stocks/options, currencies, commodities (futures), bonds, e-minis, etc. I’d like only those who have traded at least two or three of these markets to answer. It makes no sense to answer if you’ve only traded stocks or futures.
I’m a 19 year old trader. Mainly I trade currencies but I sometimes swing trade stocks and binary options. I’ve dabbled a little in binary options on futures and have made some money but my main bread and butter is currencies. Which do you prefer to trade? Stocks/options, currencies, commodities (futures), bonds, e-minis, etc. I’d like only those who have traded at least two or three of these markets to answer. It makes no sense to answer if you’ve only traded stocks or futures.
*NOTE: I know I’m young and have only been trading for 2 and a half years. I know I have a lot to learn and all that. So I don’t need lectures about how hard certain markets are to trade or how commodities is a “zero-sum game” and all that blah blah. I know all this. I just want to know what you guys prefer to trade*
Tagged with: Commodities Futures • Currencies • Zero Sum Game
Filed under: Commodity Trading
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Stocks, options, currencies, commodities, index futures,. Now what?
I would say stock. I have tried the other, but they are too risky with high leverage. Easily to win big or lose big, but guess who has the odd, you win or the market? It’s just like gambling in the casino, casino always win at last. People do make mistakes all the time, control your risk is the key in the long run.
I actually trade based on what the market is doing. If the market is trending up or down really well, I like to swing trade options on specific companies. If it is pretty choppy, I usually daytrade qqqq or spy. Those are what I have the most success with. Recently I started looking into S&P e-minis, but when I day trade I am an uber scalper and sometimes the spreads on the e-mini’s take a little more than doing spy or qqqq. However, I am continuing looking into the e-mini’s and making some tweaks to my system as I am interested in the tax savings they provide.
I have looked at currency, but never felt comfortable putting my money in an unregulated market. Just my preference…