Today I lost $750 trading futures
Man, I really hate to admit it, but I stopped paper trading futures and started trading real futures today.
I hate paper trading - it is for wussies. It is like playing poker with no chips, or ping pong without keeping score - so lame. But I really wish I would have been a wussy and paper traded today.
I don’t know what I was doing - I only traded one or two contracts at a time, but I was wrong with almost every trade.
If I continue to trade futures, I will definitely have a max loss for the day - a limit for how much I can lose before I stop for the day. $750 is too much to start out. Maybe $300 for now.
Trading futures is hard. It is very easy to lose money.
You have to be very very careful.
I am sure many blog readers will lose all their money because of the futures trading hype that has been going around recently, despite the warnings. That is a shame.
