My friend and mentor, Hubert Senters, asked me recently, “If you had to start over in trading, knowing what you know now, what would you do differently?”
Two things came to mind:
- I’d skip over stocks and options and immediately dive into futures. When I first started trading, I would have been scared off by futures (I didn’t even know what they were). “Futures” just sounded like a high-risk endeavor.
As it turns out, they’re simple (albeit not easy). Choose the direction you think the price action will go and if you’re right, you profit. No messing around with strike prices; no dealing with the limitations of PDT (Pattern Day Trader rule); AND you get the benefit of leverage.
I cut my teeth trading stocks, but knowing what I know now, I wouldn’t have started there. The basic concept of trading futures is the same.
This doesn’t mean everyone will love the futures markets as much as I do, but I’m a huge proponent of trying out different markets until you find your sweet spot. - I’d also save myself a ton of money by trading a prop firm account. I didn’t even know what trader funding was when I started trading, but Apex has been a godsend. I look at the time and money I’ve spent with Apex as risk-free tuition to up my trading game. At the same time, it’s better than trading in a SIM account because you still have access to potential profit. And if you lose, no harm, no foul. You can either throw in the towel or try again.
After a brief spell of beginner’s luck (which had everything to do with a strong bull market at that time), I was bleeding money as a newbie trader. Apex would have slowed my losses based on their trailing threshold and account constraints. Like a governor on a car, it would have limited the speed at which I was losing money.
Becoming a funded trader took a TON of discipline and patience (neither of which I’ve mastered by any means), and the money I’ve spent on Apex accounts is a small fraction of what probably would have been realized losses trading my own account.
Right now, Apex Trader Funding is offering a sale on all evaluation accounts.
If you’d like to save your money and trade theirs instead, choose your account size here ???????? Apex and use coupon code YRKUIGCJ to access your special rate.
Happy trading!
I want to know…
What would you do if you were starting over, knowing what you know now? Leave a comment and let me know!
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