I am Priseric, been trading stocks since April of 2009; entered the market when it was pretty low and I thought this was the right time to jump into it. I had some good return the first 1.5 years - wish I would have bought some different stocks but still did pretty good. Then followed some bad decisions (Chinese RTO anyone?).
I mostly traded based on fundamentals, or at least the limited knowledge I had of them. Back in July/August, I completely liquidated all my positions as I felt like I did not know what I was doing. I probably sold at the worst time.
Main mistakes: not securing profits, not knowing when to exit before entering a position, not being honest with myself... so... have a lot to learn
I recently bought 2 books that I hope will guide me. (Come into my Trading Room, Alex Elder - Trade your way to financial freedom, Van Tharp)
In the past 2.5 years, I have had the impression that fundamentals really don't matter that much. The market does what it wants to do. I am interested in pattern trading and see where this leads me. I am definitely still trying to find my position in this. I also got myself NinjaTrader, as I watched a quick video that BigMike did and got me interested.
Trying to find new tools, trading in new ways and eager to learn.
Great source of information that is futures.io (formerly BMT) and I am sure I can learn from you guys/gals... and hopefully give some of it back
I am a new member on this Forum with a particular purpose of benefiting from the vast and highly valuable knowledge base of this community that is second to none. I have been evaluating a number of similar forums and futures.io (formerly BMT) gave me the highest feel of comfort by far.
I am in the process of deploying a ( home grown ) trading system, initially cultivating S&P 500 E-mini. My testing included Interactive Brokers and MirusFutures / Zen-Fire. The slippages at and the poor response times of IB turned out to be a massive detriment; Zen-Fire seems to work out much better, but the jury is still out on them also.
I have a long enough experience with Microsoft products to know that hardly any of them qualify for high performance, mission critical applications, which makes life rather difficult (probably for most of this audience) when it comes to the trading platforms since most utilize Windows as their operating environment.
I will resist the temptation of seeking advice on this or on any other topic of interest this time, but will do so later on.
Once again, I am happy to be part of this distinguished Forum and hopefully will be able to make useful contribution in exchange for the great opportunity provided to me in terms of learning and professional advancement.