Starting with $2,300 in Micro Gold Futures - Tradeovate

Hey guys, sharing my journey!

I'm coming from the forex markets as a USA-based trader. I’m starting out with $2,300 in an account and my futures product of choice is Micro Gold Futures. My goal is to make about $4,000, which is roughly a 74% return, and then I’ll consider scaling up to Mini Gold Futures.

I trade using both technical analysis and fundamentals, paying attention to key news events. With the USD under pressure due to things like the US strikes and the war in Ukraine, I see gold as a solid safe-haven asset. I used a similar approach with Bitcoin in 2021 and it worked well for me. My strategy revolves around supply and demand setups and price action, primarily trading between 9 and 11 AM during the New York session (EST). I also look at the London session for guidance going into New York.

I risk 1-5% per trade, or about $10 to $115, leaning towards higher risk at the start to grow the account, with a max of 2 contracts. I'll try to update with P&L Screenshots.

The only issue I’m running into on Tradeovate is that I can’t seem to trade Mini Gold Futures (QO). Anyone else having this issue? For example, on any time frame lower than 1 hour, the chart is filled with gaps, which makes it impossible to scalp properly. It’s frustrating because I enjoy scalping!

Anyone else experiencing something similar or have suggestions? Thanks!

Bitcoin tends to recover after geopolitical shocks like Iran. Here’s when BlackRock sees a price rebound

Credit: Photo by LUDOVIC MARIN/POOL/EPA-EFE/Shutterstock

A September report from BlackRock showed impressive 60-day returns for Bitcoin after several acute geopolitical events.

Put into perspective of how much FTX can contribute in this market

Customers from FTX will get back their investments into ftx in q4 2024, It will be up to 16B dollars! To put this into perspective I have other events and the dollar amount!

Bitcoin etf has had 18.3B in inflows!

Mt Gox was 8.8B

German government sell pressure!

All these event has caused massive spickes and dumps in Bitcoin but imagine only 50% of customers buy back into bitcoin(low number if you ask me). The market will have massive buying pressure that will cause fomo!
And remember that a bull market is really hard to stop once it starts!

The Hypothetical Situations genie offers you the chance to be 18 again.

This one's mainly for us oldies but you younguns can pitch in if you like-

The HS genie says you can be 18 again. There's 2 ways of doing this that you have to choose from

1) you're transported back to your 18th birthday. All your memories are intact (as much as they are now) so you've got future knowledge to leverage but the genie cautions you against trying to change the course of history. Events have their own momentum and trying to warn people about 911 before it happens (for example) will get you regarded as crazy before it happens, ad with deep suspicion afterwards. Some Very Angry people might want to know how you knew about it before hand and spending decades in a CIA black site with people that believe more in waterboarding than genies would be a waste of a second life. But become a Bitcoin billionaire if you want, that's fine.
2) You become 18 now. Your life and health carry on from this point as if you were born 18 years ago. The genie says that if you don't make a fuss people's brains will just gloss over how much younger you look but try to leverage it for fame and fortune and some Very Rich people with the level of morality that comes with becoming Very Rich might just become interested in your secret of immortality and the word vivisection may be involved.

Which do you choose and why?