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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The following user says Thank You to Big Mike for this post:
My name is Jack.
I have joined futures.io (formerly BMT) for about 2 weeks now, there are just so much information, experience and knowledge for me to pick up! What a great forum! I want to thank Mike for putting this together. Despite my previous role of trading for banks, it's a totally different ball game while trading all PA now.
In a short 12 months, I have been frustrated, depressed, confused by a neg PNL, then sometimes enlightened by a positive PNL. The cycle goes round and round. I am pretty sure that this is a similar story for many of us. I hope I can find some confidence back in trading and finding trading methods which gives a good odd.
I am not a programmer; at least I haven't programmed anything since college days. Perhaps I should pick up programming again so i can contribute more here.
Take care and speak soon!
jack, very sympathetic with what you went thru, wish everyone did not have to go that route and routine.
from where i am, i say you need to take a good look at your TRADING PLAN before anything else. and i do not mean the kind of trading plan that says--i want to make as much money as i can and as soon as i can.... LOL
that is not the trading plan that most of us use for trading here. it is more like a wish list of sort.
search out 'trading plan' and you'll find out exactly what a trading plan should constitute, k?
if you feel comfortable to share YOUR OWN TRADING PLAN with us, many profitable traders here, am sure, when they are not trading would be happy to lend you a hand.
wanna show your hand....?
have fun .
The following user says Thank You to nakachalet for this post:
Sure - first thing -
1 - tell me what you know about technical trading so far.
2 - Show me the main trade chart you use for your trading, and descripe 2 strategies you know of.
3 - tell me a bit about yourself, your purpose for choosing this method for making money over another, and your goals for this endeavor.
A few things you need to accept:
This is going to take time.
You are going to have to do some serious study and work.
You will need to keep accurate records and meet statistical performance minimums.
The following 3 users say Thank You to Jaguar52 for this post: