Andrew28

How many trades does a new trader need to take in order to learn the mechanics of the markets? Is there a specific amount of trades that one should aim in order to gain real "experience?"

So basically I should start small and work my way up. I would like to know some strategies that work in the futures market. Can a trader apply the same strategies in trading stocks or forex to the futures market?

Hi folks. This is my first post in this forum. I am new to the futures market but not quite new to trading. I started messing with the stock market back in the late 90's when anyone could of made money buying blindly. I am now retired and would like to consider trading actively full-time. I started reading several books on technical analysis, commodities, and futures as I would like to learn to trade properly. I have about $20,000 of risk money that I consider as tuition as I understand this can be quite a difficult profession. My main goal is to be able to make a living trading. I am here to seek a little advice on my current road block I am encountering. This is my third month trading the futures market and I have lost roughly 40% of my initial stake. I practice strict money management and place approximately 3 trades a day. I am still at a point where I have not yet settled down on one method; still testing out various techniques. Any advice to get me going in the right direction would be appreciated. Thank you.