I want to thank Big Mike and all you members for a really super forum. There is so much practical information here, I spent a week awash in threads and downloads. Now, after the information overload, I'm finally posting.
If there ever was one, I am a newbie. Never traded once. Doing something like this has been in the back of my head for about a decade, and from time to time I have paper traded. But, nothing in ernest.
My background is in control system engineering, optimal control, and neurophysiology. I use all these diciplines every day, I enjoy my profession, and I'm not looking to become supported via trading. My intent is to a) see if I can break even; and then b), hopefully bring in a little more income so I can spend less time in front of a computer, and do more of things that are truly important.
But, back to my experience. A while back while I was researching a "fat-tail" Kalman filter it struck me that what I do every day could be particularly suited for trading. And after an idea bugging me for ten years, it is now time to do something about it. So, anyway, filters, system identification, optimization, and neural networks are my forte, and I have much experience in Matlab, Mathematica, Pascal, C, and several other, somewhat esoteric, languages (but not C#, yet, at least).
My big idea is this: Patiently construct and tune my system over the course of a year or two, and then hopefully, go live. I'm in no hurry. I have enough experience to know that complex is not necessarily better, and that a PhD-level solution is probably only 10% better than a back-of-the-envelope analysis. The goal is simple, elegant, and completely understandable.
So, I plan on gathering and constructing a collection of indicators, much in the style of Ehlers and Elder. After I am happy with the performance of each of the indicators, then the next stage will be to merge them into some ensemble indicator, probably with some sort of data fusion method such as a Kalman filter or a neural network.
Because I plan to take my time, I am planning on using NinjaTrader, since all my development work would be free. I'd rather not pay a monthly fee while I develop things, as this would probably cause me to deploy before I am ready.
Anyway. This is long enough. I am here to learn, so comments, criticism, and suggestions are always appreciated!
The following 2 users say Thank You to serac for this post:
to all new members, I look forward to your posts and am happy to have you here as part of the extended family at Big Mike's
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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This is Bob, or Lucas (middle name) if you like. I have been investing for about 10 years now but am completely new to trading, charting, etc. I've read a few books on the subject like: The Little Book that Still Beats the Market, High Probability Trading, and How I Made $2,000,000 in the Stock Market. I've also been a Motley Fool subscriber for several years now and have done very well with my portfolio, more than doubling the returns of the S&P 500. That's been great, but my eyes have been opened to the more actively managed style that swing and/or day-trading offers vs. the almost "buy, hold, and pray" mentality of longer-term investing.
I recently signed up for an ETF trend trading system and have been trying to teach myself NinjaScript/C# so that I can program and backtest the strategy. I've got all the indicators coded, but now I'm on to the strategy itself. I don't know if I'm just burnt out or if this part is harder, but I realize that I am probably making it 100 times harder than it needs to be as I am somewhat feeling my way around in the dark. My only previous programming experience, other than Fortran in college ages ago, is a little Excel-based VB.
I'm hoping to find some good tips and examples in this community and of course will contribute if and where I can. Not sure what I can offer yet being such a newbie.
Thanks and looking forward to the community,
The following user says Thank You to motownlucas for this post:
I was lurking for long time and finally i post! I am futures trader on various markets for the last 4 years with good results so far and i am looking to expand in US stocks! I am looking forward to speak to you guys.
The following user says Thank You to zeke for this post:
I've been trading for three years but just in the last nine months I have been focusing on index futures and though the NQ emini is not talked about much it seems to intraday trend well. I started with sim trading the ES and then the TF but I like the NQ's movement the best.
I've ran the gambit on indicators but as many have stated if your mind is not tuned to the instrument your trading no indicator can save you from eventual failure. I believe simple is better and less is more.
All the best to all.
The following user says Thank You to dragon66 for this post:
Glad to be part of the forum. I have been trading for about 3 years now. I have become alot more serious recently and discovered the wonderful forum. I hope in the near future I can leave my job and trade full time...I need to be home with my kids instead of a downtown office looking at company's financials!
The following user says Thank You to hockeystar for this post:
Glad I found this site. Seems to have a lot of valuable info. I am a daytrader of futures. I watch the Euro futures, Russel, and SP500. I also do options trading on stocks and ETF's. My goal is to start news letter for stock and Etf options trading. Something for a very affordable price. I have spent many thousands of hours on technical analysis. I've taken a few courses, and realized the nature of the game. You have to find your own way. Money management is key. Never stop learning.
Thanks to Big Mike, for starting this site!
I really like the arcade
The following user says Thank You to Shoten for this post:
Newbie trader here. I've been trading full time for about 3 months now. So far have been trading stocks, ETFs, and options with deep discount brokers. My goal is to start getting into automatic algorithm trading.
The following user says Thank You to kojava for this post: