Trading Tips and Strategies Archives • Futures Day Trading Strategies

Posts in Category: trading tips and strategies

How to Spot Day Trading Chart Patterns | DON’T Let Fake Patterns Creep into Your Futures Trading Ideas

 

This article on Day Trading Chart Patterns is the opinion of Optimus Futures. Stats presented have not been verified across all Futures contracts, and should only provide a rough guide as a reference. 

  • Reading trading patterns and being able to distinguish a solid setup from a fake one is critical to successful day trading and swing trading.
  • When it comes to identifying “fake” day trading chart patterns, it’s not the patterns you should be looking at but the underlying conditions which can easily “turn” patterns from reliable to unreliable.
  • To deal with disrupted patterns, it helps to know the odds with regards to failure rate, pullback rate, target success rate, and average return.
If you want to increase your odds in every trade, then you need to be

Read More


The Benefits of Day Trading Futures | 14 Skills and Attributes Successful Traders Develop Over Their Trading Career

 

This article on Day Trading Futures is the opinion of Optimus Futures.

  • Day trading futures is as much a mindset as it is a discipline.
  • Developing day trading skills is as much a mental game as it is a matter of accumulating knowledge.
  • Day traders respect “risk” and know it as intimately as possible, like a partner (whether it’s coming from the market, from oneself, or out of pure randomness).
Day trading is an advanced topic, especially when it comes to day trading futures (leveraged instruments that are inherently riskier than most non-leveraged assets). You should definitely know something about day trading in general, but you shouldn’t attempt to day trade futures on a consistent basis unless you feel you have the advanced skills, experience, and mindset to

Read More


10 Chart Patterns Every Futures Trader Should Know

 

This article on futures trading chart patterns is the opinion of Optimus Futures.

If you want to succeed as a day trader or swing trader, you must know your chart patterns inside out. Since not all chart patterns have the same success rate, it helps to know the most common chart patterns and how to trade around it–meaning, knowing how to manage a trade or take alternative entries (long or short) if a pattern fails. We can help you with the first part.

Here are ten futures trading chart patterns which can help you understand the balance between buyers and sellers in the market. Let’s go over each pattern and explore what it might reveal about the overall market sentiment.

Read More


Futures Trading and The Role of Each Futures Market Participant

 

This article on futures trading basics is the opinion of Optimus Futures.

Futures Trading Basics

As a futures trader, you know quite well that by trading any market, you are certainly not operating in a vacuum. In fact, you probably have more company than you think. But how large might this environment be, who are the other futures market participants, and what roles might these other participants play?

This is what we’re going to cover in this piece. Before you jump into futures trading, it helps to know the role of each futures market participant, not only to understand the various “nodal points” in a given trade, but also to glean information that might even serve to your advantage.

For instance, if the futures market experiences a negative event,

Read More


Stop Loss Orders Tips and Techniques | Plus Top 5 Stop Loss Strategies for Futures Trading

 

This article on Stop Loss Orders is the opinion of Optimus Futures.

Takeaways:

  • Stop-loss placement is a critical component of a sound trading strategy.
  • Failure to understand the full context surrounding stop losses can place you at a significant disadvantage.
  • There are many indicators that can help you evaluate stop loss choices, some may be better for specific time frames, and some may be more objective/subjective than others.
One of the first things we traders learn is how to place a stop loss. An effective stop loss strategy helps stop the proverbial bleeding when market direction turns against you, cutting into your account balance.
The idea of placing a stop loss is pretty simple but choosing the right place to set a stop loss can get challenging. On one

Read More