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Introduce yourself here!

  #1211 (permalink)
 faxedreceipts 
TN
 
Experience: None
Platform: Ninjatrader
Trading: ETF
Posts: 1 since Jul 2010
Thanks Given: 1
Thanks Received: 1


Big Mike View Post
Hi everyone!

Like most day traders, I blew up my account a couple times and lost enough money to make most grown men weep. After I regrouped I started trading with common sense and with control of my emotions.

Later, I decided I wanted a forum to share my ideas as well as learn from others. I created my blog on April 17th, 2009 in order to meet this goal, as well as hold myself accountable for my trades and actions. I wanted a way to be able to lookback and ensure I was following my own advice.

The blog introduced me to a lot of fellow traders, some struggling, some doing exceptionally well. Talking with them everyday has really helped my trading and given me a lot of new ideas as well. In turn, I hope that I have provided them something useful that helps in their trading.

Since the blog did very well I decided to create this forum, and it was born June 11th, 2009. The forum was designed with the specific goal of having a small community of traders focused on making money. There are other sites out there but I never really felt at home with many of them, their userbase is too focused on proving someone wrong instead of trying to help.

You can find some more information about me in my profile.

Tip

After you read this thread and reply with your own introduction, you can find more Beginner articles on how to use this forum here:
https://nexusfi.com/beginners-introductions/

Also, as you are reading the thousands of posts on the forum -- don't forget to use the Thanks button (bottom right of each post) to let the author know his post is appreciated!



Good hunting!

Mike

Thanks Mike for a fantastic forum. My skill sets for trading are very primitive and caveman like. I've attended Monkinars and just joined this site. This site has the best and most useful information. Trading with price and not relying on indicators has been a revelation. Mike, your videos showing price action really opened my blind eyes. I've been guilty of trying to over complicate my trading with all of the ridiculous indicators. Instead, they are in the background and it's interesting to see that when you apply the price action technique, the indicators have so much less value because you start to intuitively see the bigger picture within the chart. The indicators seem to set and unset while the intuitive trading takes place and a bigger chunk of the trade was taken today. The technique helped me to trade with the trend instead of trying to be a daredevil and trade counter trend. That is so simple but effective. Anyway, I don't trade the futures but someday may graduate to that level. My first goal is to become a consistent profitable trader with equities/etfs.

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  #1212 (permalink)
 Lars 
DPRK
 
Posts: 16 since Nov 2010

My name is Lars and I am here to help you conquer the most difficult and yet rewarding profession among humans and earth bound animals. I am at your service for free. Don't hesitate to contact me at any time, especially if it is an emergency.

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  #1213 (permalink)
 
mojojojo77's Avatar
 mojojojo77 
BayArea, CA
 
Experience: Beginner
Platform: NinjarTrader, thinkorswim, TradeStation
Broker: Tradestation, TOS, PFGBest
Trading: YM, NQ
Posts: 35 since Apr 2010
Thanks Given: 20
Thanks Received: 65


Wow! This is a fabulous forum. I've perused many trading forums and it's hard to believe this gem is not quite 18 months old! I actually joined about 6 months ago and was slow to start as I hadn't been using NinjaTrader for a while. Recently I've linked a sim MB Trading account with Ninja so I started doing a bit more reading and studying the wealth of information on this site. I began trading the YM about 4 years ago, as often as I could, but have been focused more recently on the ES. Tried a host of "gurus" and endless searches for the "perfect" indicator and just seemed to be spinning in circles. I've calmed down and developed some patience, and while trading futures I initially lost, I was extremely conservative (with the exception of a couple of "frustration" days where I just "lost it" psychologically, coincident with my worst intraday losses!), and have been slowly eeking out gains over the past few months. I've realized the pursuit of "trading well" supercedes the idea of trading for money, i.e., trade well and the money will follow. Anyway, I very much appreciate the availability of this forum and for all the generous individuals who have previously donated their time. I hope I can make a contribution as well.

Thank you.

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  #1214 (permalink)
ms52
Amsterdam
 
Posts: 2 since Nov 2010
Thanks Given: 0
Thanks Received: 0

Hi everyone!
I'm new to the forum and quite new to the day-trading business.
Will probably take some time until I will be able to answer questions, but mean while will try to find here useful information and maybe ask some questions.
Cheers,
MS

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  #1215 (permalink)
 katerina 
Athens - Greece
 
Experience: None
Platform: NinjaTrader
Trading: futures,forex,ES
Posts: 1 since Nov 2010
Thanks Given: 1
Thanks Received: 0

Hi!

Thanks to Mike and the other contributing members of this great forum. I find it really interesting and informative. I am interested in finance and trading and hope to learn as much as i can and contribute too.
Glad to be a member. Thank you again!

katerina


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  #1216 (permalink)
 
bobbakerr's Avatar
 bobbakerr 
Riverdale, Idaho, USA
 
Experience: Intermediate
Platform: Optimus Futures + MultiCharts + TradeStation
Broker: Optimus Futures, Rithmic Data, TradeStation
Trading: CL, ES
Posts: 115 since Aug 2010
Thanks Given: 241
Thanks Received: 51

I have to agree with the above posters. This is truly a great forum. Thanks to Big Mike and everyone.

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  #1217 (permalink)
 jake07 
fiarfield, iowa
 
Experience: Advanced
Platform: ninja trader
Broker: zaner zen fire
Trading: currency futures
Posts: 2 since May 2010
Thanks Given: 0
Thanks Received: 0


newlifemkt View Post
Welcome aboard Jake. What is your favorite setup in trading the Euro? Breakout? Crossover? O/S, O/B? Just curious about your style. Thanks

Hi. I always start the day with recognition of levels and price action on the 4 hour and 8 hour chart. Then I translate that to the current 30 minute chart structure and direction. I then key off the 5 minute and short time frame tick charts for tight entries fading extremes. Depending on the time of day and behavior at levels, I either trade the turns when the momentum of the direction has exhausted, or I will look for an extreme of a counter trend period of trading. I am trading for a daily goal, emphasizing high accuracy and small profit exits, to make a conservative profit target every day.

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  #1218 (permalink)
 Lars 
DPRK
 
Posts: 16 since Nov 2010


jake07 View Post
Hi. I always start the day with recognition of levels and price action on the 4 hour and 8 hour chart. Then I translate that to the current 30 minute chart structure and direction. I then key off the 5 minute and short time frame tick charts for tight entries fading extremes. Depending on the time of day and behavior at levels, I either trade the turns when the momentum of the direction has exhausted, or I will look for an extreme of a counter trend period of trading. I am trading for a daily goal, emphasizing high accuracy and small profit exits, to make a conservative profit target every day.

Hi jake,

Sounds like a good plan. What are your daily profit goals?

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  #1219 (permalink)
missca
Rockville, Maryland, United States
 
Posts: 8 since Nov 2010
Thanks Given: 2
Thanks Received: 3

I really like what I see here so far and hope I can contribute. Of course so far the best I can do is how "not to trade". I've been trading/learning forex for about 3 years now, 2 1/2 of those with real funds. Have not made consistent profits yet. I will succeed though, I have to!

Here is my first helpful tip, which by the way, any successful trader will tell you is suicide in this world

One of the reasons I have not done well is that I have a very short attention span. I would actually spend weeks, or even months reading, studying charts, and tweaking a method, only to turn around and bag it after just a couple losses.

I have been doing better in that I have gone from consistently losing to now breaking even. Next step is going the other way and actually profit.

Anyways; since I tend to sound like I'm speaking in riddles, the tip was to find/create a method that looks like it has decent potential, study it, demo it, and then use it long enough to give it a chance before you move on to something else.

I have a fairly busy schedule but will try my best to give Big Mikes forum here a shot. I like the philosophy.

missca

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  #1220 (permalink)
missca
Rockville, Maryland, United States
 
Posts: 8 since Nov 2010
Thanks Given: 2
Thanks Received: 3


I should mention that I chose beginner as my status simply because although I have been trading for 3 years, I really don't know what separates a beginner from intermediate. I'll upgrade when I start making consistent profits.

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