For the first time in my finance career (about 8yrs as a fundamental research analyst), I work at shop that doesn't have trading restrictions (30-day holding periods, no shorts, no options, etc). So I opened up an IB account in Feb and started trading stocks & options. Then I learned about the Emini.
In the stocks & options, I have at least been lucky (+38% YTD, not as good as it sounds looking at each trade, like I said, lucky). The Emini, not so much (-28%, and the typical stories: 4 days represent about 3/4 of that loss). Which brings me here.
I have been impressed with what I have seen here as an observer so far.
The following user says Thank You to bijeremiad for this post:
Hi. I'm a former floor trader (AMEX, COMEX) from the 80s who is looking to return to his former profession. I have been involved in computers since I left the floor and now realize that technology has all but erased the disadvantages of retail trading. So I feel it is finally time to get back in the game.. Computer trading is much more technical than floor trading was in my day. And faster. So I am interested in automated trading as well as increasing my analytic skills. I remember how the game is played but I need to learn the new rules and tools.
The following user says Thank You to ExAmex for this post:
Welcome to all new members of the futures.io (formerly BMT) family!
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.
If you want to support our community, become an Elite Member.
Have been registered for a while. Came across the forum as I was looking for a community that supports Ninjatrader, started looking more closely at the forum the last 2 days and it seems that this community is quite friendly. Looking forward to share some ideas.
I'm brand new to NinjaTrader and struggeling with converting trading ideas into working strategies. Hope to get some help here since I'm also a novice in the "art" of programming those.
Looking over a couple of threads here I already like the forum very much since there is no b.s. in here (which btw is very seldom to find). Looking forward to the community. Maybe I can help with my 26+ years of trading experience ...
I have been trading for three years now with up and down reults, came across the forum as i have been writing some ninja srcipts , i would get so far then i would get stuck and googled ninja script writing , so here i am .
looking forward to reading everyones story and adding to it if i can.
The following user says Thank You to spsilage for this post:
First I would like to thank for this forum - to Mike and to all the contributors. I have been just observing for some time, but I would feel ungratefull to contribute nothing. I will try to post something from time to time...
I am new to trading. I have started my research in January 2011 and since then I have gone a long way.
My vision is to be able to live from the trading one day, but I must learn it first. So the initial goal is to survive the first year without losing the trading account:-) First things first...
I started studying the literature, tried to build my first trading plan and spent time backtesting and paper treding. My plan was set, the instrument chosen (NQ - the only instument allowed by my risk and money management and initial account size) and the backtesting results have given me enough confidence..
When I felt that there has been enough theory I ended up opening my trading account at Mirus.
On May the 12th I made my first trade. It was a loser. Gradually I learned that live trading was not so easy when the psychology kicks in and the trading experience is very different from the paper trading or market replay. The projected profitability based on the backtest results went to hell. One observation here: practicing without the real experince is useless.
I decided not to play coward, bite the bullet and continue trading live, with the interruptions made for tweaking the plan and backtesting. The only part of my plan that I never violated was my risk management plan (2% max risk per trade) and that saved me from some catastrophic losses.
I further decreased my risk per trade to 1.4% of the account and went on. I have made several tweaks to my plan on the way.
Up to now I have made over 100 trades in total and I am still not profitable. My drawdown is about 15% but the expectancy for the few last trades has increased from negative to positive values.
I guess it is now matter of time and continuous learning.... I will either fail or learn how to trade:-)
The following user says Thank You to petrmac for this post: