NexusFi: Find Your Edge


Home Menu

 





Introduce yourself here!


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Big Mike with 147 posts (3,963 thanks)
    2. looks_two nakachalet with 57 posts (17 thanks)
    3. looks_3 xplorer with 45 posts (51 thanks)
    4. looks_4 mfbreakout with 35 posts (24 thanks)
      Best Posters
    1. looks_one roonius with 80 thanks per post
    2. looks_two wh with 56 thanks per post
    3. looks_3 George with 46.5 thanks per post
    4. looks_4 Big Mike with 27 thanks per post
    1. trending_up 14,185,061 views
    2. thumb_up 11,973 thanks given
    3. group 6,308 followers
    1. forum 10,635 posts
    2. attach_file 94 attachments




 
Search this Thread

Introduce yourself here!

  #1221 (permalink)
lperepol
Castlegar, B.C. Canada
 
Posts: 3 since Nov 2010
Thanks Given: 0
Thanks Received: 4

I write my own trading systems and tools in C++. I have been trading since 1984.
I am mostly a trend follower; however I venture off and use martingale systems.
Martingale systems are cool in that they have explosive behavior. Trend following systems
are cool in that they do not have explosive behavior.

Reply With Quote
The following 2 users say Thank You to lperepol for this post:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Request for MACD with option to use different MAs for fa …
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
58 thanks
Battlestations: Show us your trading desks!
52 thanks
NexusFi site changelog and issues/problem reporting
48 thanks
What percentage per day is possible? [Poll]
31 thanks
GFIs1 1 DAX trade per day journal
29 thanks

  #1222 (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


missca View Post
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.

missca,

You make a very good point. I was reading a chapter from some trading book or magazine article a while back regarding the 'Evolution of a Trader' and I recall the author mentioning: when the beginning trader stops endlessly pursuing the 'holy grail' indicator(s), trades with a specific set of rules, journals all trades, devolops good discipline, etc..., they have now progressed to the next stage/level. I don't recall that stage making consistent profits though... = )

While the market makes me feel like a beginner often enough, I posted my status as an intermediate as I have gone through the initial 'colossal blunders' phase of trading (at least blunders that seemed damaging enough for me!) and am consistent with the brief description depicted above. I can't say I'm trading for a living yet (I wish!), though I have produced some very small but confidence building gains over the past few months in futures.

One of the biggest differences for me though has been journaling. Also, going back and finding trades I made a year ago and seeing how badly my entry was or that I might have stayed in the trade a bit longer. That was an eye opener. Though I still make mistakes often enough, reviewing those old trades and visualizing some of the poorest trading decisions I've made, I become more aware of my trading and with good discipline won't be susceptible to repeat those mistakes.

Anyway, so that's why I felt like intermediate was appropriate for me.

mojojojo77

Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to mojojojo77 for this post:
  #1223 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,322 since Jun 2009
Thanks Given: 33,143
Thanks Received: 101,477



missca View Post
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.



@missca, it's a self-appointed title. If you feel you are beyond a Beginner, then the next step is Intermediate. If you are beyond that -- Advanced. Beyond that -- Master.

The classification was put in place just to help people identify with the members when they post. Just like someone can glance at your profile and see you are trading FX using MT4, that way they know if you ask a question it is likely referring to that and not, for instance, equities with MultiCharts.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #1224 (permalink)
Pegasus
Wokingham, UK
 
Posts: 1 since Nov 2010
Thanks Given: 0
Thanks Received: 0

Happy to have landed here, looks like a good active community of positive minded traders.

I have traded a bit in the past and luckily read enough (in other places) about newcomers to Forex blowing out their accounts to have avoided that experience, but I am keen and have the time to take this more seriously now.

I'm analytical and very patient with good discipline but not much courage. I have a maths/physics/engineering/IT background so it is probably not surprising that I am most comfortable taking a chartist approach to trading; modelling/backtesting is something I will be spending a lot of time doing.

First off though I need to reassess current platforms and data providers, which is how a came to this, futures.io (formerly BMT)'s, site.

BTW, I chose my user name because I also enjoy horse racing and gliding, not that I carry over anything of that into trading though!

Pegasus

Reply With Quote
  #1225 (permalink)
 
MWinfrey's Avatar
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335

missca,
This thread is for introductions so I don't want to belabor the point. But thought I'd mention something.
Your experience is very common unfortunately. I suffered/suffer from the same affliction. Something that worked for me as well as many others as evidenced by the journals on this forum is to start a thread here and log your trades daily. I started that a while back on a new approach and I've stayed with it much longer than I've ever done before. People are very supportive and helpful. They also will give gentle nudges when you stray off track.

I look forward to seeing your thread if you start one.

Mike Winfrey


missca View Post
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


Reply With Quote
  #1226 (permalink)
Nicholasi
Mukah, Sarawak, Malaysia
 
Posts: 1 since Nov 2010
Thanks Given: 1
Thanks Received: 1

Hi Mike and everybody,

I have been a forex student since 4 years ago. I have lost a total
of USD700.00 so far but the rate of losing is slowing down.

So far, I can see this forex thing more clearly, at least for my own needs. They are

1. Identifying a trend,
2. Identifying an entry point
3. Identifying possible stop-loss and take-profit point,
4. Money management.

I am not successful yet, but I am confident enough, I will make it to a full time trader,
and my target is by Jan 2012.

I am joining this forum with the hope of learning from the success and failures of every member,
and hopefully I can fine-tune my trading skills. It is like developing myself into a world class footballer.

Nicholasi

Reply With Quote
The following user says Thank You to Nicholasi for this post:
  #1227 (permalink)
 
PositiveDeviant's Avatar
 PositiveDeviant 
United Kingdom
 
Experience: Intermediate
Platform: Multicharts
Trading: Dow
Posts: 587 since Nov 2010
Thanks Given: 257
Thanks Received: 256

Hi there everybody, I been trading options for the last two years, essentially churning my account, some good trades, many bad ones. I am fascinated by the markets and have recently developed an indicator that is so far quite promising, more on that as I post.

I chose the name PositiveDeviant as I think it describes me down to a T.

The Seven Characteristics of Positive Deviants are:
1. Passion

2. High Moral or Social Purpose

3. Seeing Holes vs. the Net

4. Moving Towards, Not Away

5. Rapid Cognition

6. Checking the Edges

7. Low Regard for Social Convention

Visit my NexusFi Trade Journal Reply With Quote
The following 2 users say Thank You to PositiveDeviant for this post:
  #1228 (permalink)
 pedro7 
Cumbria
 
Experience: Intermediate
Platform: tradefair
Posts: 1 since Nov 2010
Thanks Given: 1
Thanks Received: 0

I live in the north of England and have been forex trading for about 6 months. I usually follow trend lines and so far have had a great deal of success by keeping a very close watch on stops. Will now dig deeper into this site and hope to learn loads more. I must also say that a certain person in London has been a major tutor and would be lost without him

Reply With Quote
  #1229 (permalink)
 
Ducman's Avatar
 Ducman 
The Netherlands
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: NINJATRADER Brokerage / Continuum
Trading: CL
Posts: 473 since Nov 2010
Thanks Given: 413
Thanks Received: 640

Hello Mike and all others,

Started trading about 10 years ago just before the big internet bubble. At that time the ALEX online broker made it possble for the average Dutch person to trade. The rocket went up fast but came back to the ground even harder. Lost my first lot of money. Did nothing else than reading books, follow courses and do sim trading through this crisis.

Came back into the real game beginning 2005. With some good India and China funds in my portfolio and some option trading I got my virtual profit up to the sealing again. Lost the most of it again during the Bank crisis. Started future trading in 2009 developing my on strategy for entering and exiting manually. Work perfectly during simulation, less perfect in real trading.

Conclusion after 10 years of trading: I'm just human, you can make trading plans and promise to stick with it. Reality proves that you end up not doing the things you promise and loose money again. I have accepted this now and want to get rid off the human factor in trading. That's why I started exploring again and learned what a great program NT is.

I hope to learn a lot from you all in creating an automated system. In return I can provide insight in 10 years of up and down trading success.

Ducman

Visit my NexusFi Trade Journal Reply With Quote
  #1230 (permalink)
chapintrader
Guatemala
 
Posts: 1 since Nov 2010
Thanks Given: 0
Thanks Received: 0


Hi, I am glad to be here, I started trading live in 2008, after a couple of paper trading years doing options spreads.
After 2 months of going live, I guess the market gave me a blow your account welcome with the crash. I was closing my regular business back then because things were in the red for a year, so I looked at trading for my way of generating an income but I did not know what I was up for.
So without a business to generate, and a blown account, with all the normal expenses, things started to look a little dark. My capital was very limited, so I started to look at other markets I could generate with limited capital. So I found Forex, and that did not last very long for me to stop doing, with the spreads the broker charged, since its unregulated.
I then found the futures market, this I liked, but it did not work out the way I hopped it would and my account only got smaller, a few courses and $ later, I realized the problem, might not be the strategy, but in my head. I have learned, range bar trading strategies, tick bars, fibs, forks, CCI's, you name it, but the emotions, are the hardest thing to control, for me at least.
I live in a country (Guatemala) where we are competing with Irak for the most amount of violence on a day by day basis and I look at trading as a way of being free to chose were I want to live, so I do not have to be fiscally attached here. I have a reduced amount of capital and hope to be able to make it to that 5% and be financially independent. My wife and I love our country, but things here are just out of hand and only look worse, so this a way of life she supports in order for us to be able to live elsewhere and be able to generate a living.

Good to be here and hope to learn a lot..
Best to all
ChapinTrader

Reply With Quote





Last Updated on March 17, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts