Iíve been pursuing a life of freedom since 2007. Iíve worked for many years as a network engineer. At the time I thought that life was good. I had the ďAmerican DreamĒ Lifestyle. I had 2 cars, a nice home, a great job at the Pentagon and a family that lived without need. The only problem was that I could see no real growth from there. By growth I mean freedom growth. My real dream is to have the ability to rely on myself for finance rather than traditional employment. Long story short, because of the market crash in 08, I ended up losing a great deal of my 401k and began to search for ways to recoup my losses. I ended up in Iraq and Afghanistan working and risking my life for the money. My family suffered greatly when I was gone and I could see no end to this type of living so I decided to search for ways to guarantee freedom and happiness in our lives. I definitely needed to have some sort of business of my own. This would need to be a business that allowed more time with my family and the ability for real financial growth and freedom. I began to look into trading the financial markets 2008 and started trading actively in 2009. It was a great year. I had no idea what I was doing but since the market was in an uptrend the bulk of that year, I made good money. I then decided that this is what I would do full time as I really enjoyed it and could see the possibility of freedom. Since that decision Iíve blown my account 3 times and have returned to Afghanistan for workÖ.
I still have the passion and the goal of becoming a successful trader. My biggest problem was money/Risk management. Also Iíve studied so many systems that now I over analyze trades and have lost confidence. Not passion!
Iíve studied technical analysis, Fibonacci, Indicator trading, Robots, naked charts trading price action, trade callout sites and I have over 100 books and seminars. I still have yet to find my edge.
I grateful for this community of traders and feel I will truly benefit for the sharing going on in here.
I've been trading semi-regularly for about 10 years now, and I've yet to find a consistently profitable edge. I've had good results with some automated swing trading strategies in the past, but I've been unable to convert these to successful day trading strategies. I've been unable to find stable automated day trading strategies in general as of yet.
I trade futures, and I prefer day trading because of the lower margins on futures for day traders. I still have a small account, so lower margins mean more to me than they would to a big fish.
I'm hoping my pea-brain has a better shot at successful day trading than my code has had, but so far, I've yet to become consistently profitable as a discretionary day-trader, either.
I came here mainly to pick up a cumulative delta indicator that is supposedly only available to elite members. So, I'll probably become an elite member here pretty soon to get at this sucker.
But I'm also going to look around the site in general to see what great info lurks in them thar hills!! In return, I hope I can help people here with any knowledge I may have.
all the best to everyone, and may your trading be prosperous.
The following user says Thank You to bmtrader333 for this post:
I am a "baby" in trading. I used to be an "investor" i.e. buy and hold and parking my hard earned money with professional firms but my investments were affected in the recent US market turmoil,wiped out 30%. I have decided to take matters into my own hands and learn what I can about money management and investments. I had been very passive when it comes to investment and listen "to experts" in the past.
I signed up for a 2-day trading course last year and was "hooked" on trading since. I read many trading books, look for interesting websites to learn from and exchange ideas with other traders. I opened 3 trading accounts and had been actively trading for the past 10 months. My account is now down 15% and had been a result of all the mistakes that "books and traders talked about"; e.g. punch in wrong price or trading size aka technical mistake, greed and fear (exit too early or try to catch a running train) etc. I am hungry to learn and aim to become better every day.
My aspiration is to be a full time trader and have it as my second career, I look forward to learning from this group of people.