I'm new to this forum and a project manager for a software company in life sciences and healthcare. I recently became interested in finance and trading but have yet to dip my toes in the water. I plan to go into trading with my eyes open and I have started out by reading books on the subject and am also reading the forums here and elsewhere so that I learn as much as possible about the markets, trading psychology, money management, risk and indicators hopefully soaking up some of the great advice from people that have leaned the hard way. Most likely I will be swing trading or just looking for short term investment opportunities there is a lot I still need to learn before risking my dosh.
The following 2 users say Thank You to euandean for this post:
My thanks to Mike and the other contributing members for this great site.
I've been asked to introduce myself and this is my offering.
I've been trading full time for almost three years.
Happily making trading and living expenses but disappointed I've not gotten "better" (consistantly more profitable) faster than I have.
Ninja is the platform I use to trade and develop; my tradimg account is at IB.
I've gone through several RT data suppliers (eSignal. IQfeed, Barchart) in addition to IB itself.
I've just started with Kinetick - so far "ok."
Mostly I daytrade ES - but also TF, NQ, and rarely YM.
I've been watching the currency futures (6E, DX) but so far I'm not confident enough to trade real money.
My goal is to develop a mechanical - automated trading system.
I only half expect to deploy a "golden goose" but keeping that as a goal keeps me focused and improving.
Why Ninja Trader?
I am a programmer and I chose Ninja over a few other platforms I looked at because I can develop using a "standard" programming language; that was the deciding factor. I still think that is an important consideration but I may have given it too much weight.
"Stability" is critical for live trading and Ninja continues to disappoint.
As a development platform absolute stability isn't critical - and I don't have an "automated" system that'd I'd walk away from anyway. So, with TWS (especially booktrader) at the ready, NT's occasional freezes and crashes havn't cost me anything more than aggrivation.
In the meantime, I'm hopefull that eventually they'll "get it right"
- at least they're not rushing to release V7
Actually, I don't know that anything else I could realistically consider is any better, so until I hit a dead-end I'll probably stick with NT.
Good Luck to us ALL!
The following user says Thank You to srvsrv for this post:
I have been lurking around in these forums for a while but recently started a journal on 'My experiments with Market Profile'.
My first taste of stocks was in mid-80's in India, straight out of school, where I used to buy new listings (IPO) and sell 3 to 6 months later. Didn't understand a thing but made decent money.
Then in late 90's, I rode the NASDAQ roller coaster i.e., made a lot of money and then lost it all and some more.
This was an intense humbling experience and I decided to become a student of the market. Did lots of reading especially in technical analysis. Now I primarily trade (not full time) long term directional and short term non-directional option spreads.
My goal is to become a full time trader (currently I have a day job in a Software company). To that effect, I have started learning Market Profile and other ways to decipher price action.
I feel lucky to be part of these forums where many traders are willing to share their knowledge and experience.
Good trading to all!
The following user says Thank You to vroomy for this post:
I've been lurking on the sight and not posting anything as of yet--so here is my first. I am impressed with the content on this site--especially some of the more psychological oriented threads. I have been messing around with Ninja Script and trading for about 1 year. Have lost money . As I have mentioned, some of the content on this site really speaks to me. Hopefully I can use it to turn my trading around and add some useful content of my own to this site.
The following user says Thank You to marlermi for this post:
A noob here....its a great site to begin with and learn as much as possible.Thanks Big Mike.....you are really big indeed.Happy to be associated with the fraternity of great traders here.......yo.......
I am Nuno form France
I subscribe in this forum because I want to learn more about trading
I am a newbie trader using Multicharts.
I found Mike's blog and I really like it.
Thanks a lot for this great site....
I'm someone [ 45, Irish, but don't hold that against me:-))) ] who's realised that you absolutely need to take personal ownership of your own net worth. I've worked for major communications corporation in a senior global project management capacity, so ownership is something I understand well. Worked hard, gave lots of money to the tax man and realized in the end, that you are really a doormat.....
When I was made redundant in 2007, I decided to change things. I opened an IB a/c then and have been slowly and steadily learning since.
I hope I contribute here - I am struggling to get contiguous time to plan/execute/ and review daily trades. I've been swing/position trading, and currently have a major %'age of capital on a position trade [short....so we'll see if I get stopped out!!!
My goal is to earn 20% of my capital per year, using etfs[long+short] so I'm not interested in futures or options until I can demonstrate consistent profitability with etfs first. I am struggling to do that actually, and am down 10% YTD [actually since July!]. I'm currently doing a YTD post mortem of my decisions and we'll take it from there.
My objective is to learn, and contribute by sharing that learning, or maybe post my post mortem findings.
The following user says Thank You to Munsterk for this post:
I've been in this forum for a week and I love it. It seems like such a nice community.
I currently now nothing about day trading, but I am very interested in learning and start doing it.
So please bear with me, for I will be asking lots of very basic questions.