Swing Trading Corn

[shooly76 10]

I would like to swing trade corn futures..where do I begin? larry williams had a great int in the recent stocks and comm mag..very insightful.

 

I would like to hold a contract for about 10-15 days...or until profit target reached. how do I do this on ninja trader? Im used to day trading on much smaller time frame charts like 5 and 10 min. so Im unfamiliar w trading a daily, or weekly chart... as far as putting sell/ buy and stop orders in.

 

what is the best time frame to look at if Im short term swing trading? daily charts?

 

my initial capital only $6000, it is $2360 to hold a corn contract..so is swing trading even feasible w this limimited capital? I will start with only a single contract and hold until target or stop is hit

[TheNegotiator 13]

You just take your position and hold it. Same as day trading, just you hold your position through close. You can look at 60min, 4hour, daily, weekly, monthly and possibly yearly. I think trading could be possible, but maybe you could look at something like fx (even fx futures) as they have a few different options for contract size. Might suit you better.

Edited November 22, 2011 by TheNegotiator

[stockprofessor 10]

AHG works the same for stocks trading. Hell, if I remember right Anek started on stocks anyway.

[Chippy 10]

A mentor of mine said that anyone who tried to daytrade or swingtrade with less than $50,000 in futures will fail ultimately. I guess the reason is that every trade should have less than 1-2% risk to be profitable over time and not blow your account......:crap: