I stumbled across this forum when I was looking for NinjaTrader code (use it for back-testing). It looks like a great site. I've been trading off and on for a little under a year. My full time job is in electrical engineering (more on the software side of things these days) so my trading is definitely part time at this point.
Looking forward to what I can learn here and hopefully participating a bit as time permits (wife, kids, job can certainly take up a lot of one's time).
By the way, my alias has nothing to do with NinjaTrader. It's an old nickname from college.
i start my part-time trading life and found MC a very good tools for me to work on...giving i know nothing about programming. hope i can learn more about programming and start to explore ninjatrader.... happy to know you all who would like to share trading idea especially for asia market..
1. We accumulate trading information - buying books, going to seminars and researching.
2. We begin to trade with our 'new' knowledge.
3. We consistently 'donate' and then realize we may need more knowledge or information.
4. We accumulate more information.
5. We switch the commodities we are currently following.
6. We go back into the market and trade with our 'updated' knowledge.
7. We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.
8. We start to listen to 'outside news' & other traders.
9. We go back into the market and continue to donate.
10. We switch commodities again.
11. We search for more trading information.
12. We go back into the market and continue to donate.
13. We get 'overconfident' & market humbles us.
14. We start to understand that trading success fully is going to take more time and more knowledge then we anticipated.
Many Traders Will Give up at this Point as they Realize Work is Involved
15. We get serious and start concentrating on learning a 'real' methodology.
16. We trade our methodology with some success, but realize that something is missing.
17. We begin to understand the need for having rules to apply our methodology.
18. We take a sabbatical from trading to develop and research our trading rules.
19. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
20. We add, subtract and modify rules as we see a need to be more proficient with our rules.
21. We go back into the market and continue to donate. We go back into the market and continue to donate.
22. We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.
23. We continue to trade and become more proficient with our methodology and our rules.
24. As we trade we still have a tendency to violate our rules and our results are erratic.
25. We know we are close.
26. We go back and research our rules.
27. We build the confidence in our rules and go back into the market and trade.
28. Our trading results are getting better, but we are still hesitating in executing our rules.
29. We now see the importance of following our rules as we see the results of our trades when we don't follow them.
30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.
31. We continue to trade and the market teaches us more and more about ourselves.
32. We master our methodology and trading rules.
33. We begin to consistently make money. We begin to consistently make money.
34. We get a little overconfident and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37. We are making more money then we ever dreamed to be possible.
38. We go on with our lives and accomplish many of the goals we had always dreamed of.
This where I am at in Bold
The following 4 users say Thank You to CHISEL for this post:
I'm here to learn and share my trading experience. I've also blown thru two accounts. I know this is a journey, but if you perservere and learn from your mistakes you can master the greatest business their is. Being able to master the market is a life long study that the rewards are awesome. I'm enjoying the journey. Look forward to reading and sharing trading war stories.
The following 2 users say Thank You to rumbero for this post:
Just started looking at this forum. It looks as though it might be useful, unlike so many sites on the web.
Thanks to All for your input to the forum. I hope I'll be able to contribute something at some point, when/if I get to the point where I have the illusion I know wtf I'm doing.
The following user says Thank You to nobreakfast for this post: