Hey everyone, name is Dmitry, have only began trading recently. I have a Masters in accounting but a strong background in IT as well. I've always been interested in trading and found out about system design and development about 7 months ago. I started off with MetaStock and got pretty good at developing with it but wanted something more robust and decided to learn C# and NT.
On a side note, I live in Dallas, TX and have been looking for a mentor/group/anyone I can talk to about trading and bounce ideas off of. If anyone knows anything like that in this area, please let me know!!
> I'm new to this forum, so I hope I'm doing this correctly <
Just wanted to touch bases with you since you are trading in 15-20 min trades using leveraged stocks.
I mainly swing trade the TNA/TZA and FAS/FAZ ETF's and wanted to know which indicators work for you intraday.
Let me know if you're interested in exchanging ideas.
My name is Andy and I work for Steadfast Networks, a Chicago based server and IT services company that specializes in CME proximity server hosting. I am looking forward to getting know more about the services, software, and people behind futures and stock trading, especially how it relates to our business. I also hope to gain enough knowledge so that one day I can be a successful trader myself!
Last edited by Steadfast Andy; January 27th, 2012 at 01:52 PM.
As part of my New Year's resolution, I am keeping a trading journal locate and slowly eliminate my "demons"in order improve on my trading. Right now my demon that I'm working on my stop-loss. I mainly trade stocks and ETF's only on an end-of-day bases (swing trader). Wishing you much success on your trading journey.
Most of my experience involves trading equities including corporate stocks, index & sector ETFs for 2 to 10 day timeframes.
Although, I usually hold a few core equities for much longer periods. Recent core holdings include Apple & Starbucks which have been technically & fundamentally strong for quite a while now.
During past couple of years, my technical trading for short-term timeframe was OK but no great. This is where I hope to improve.
For example, I confess to missing a good chunk of last year's Oct. rally. Frankly, I didn't believe in the rally.
I thought for sure S&P would continue down to 1040 before we saw a major market turn.....thus I made
mistake of allowing my own psychology to over-ride the technicals.
As you can see there's certainly room for me to improve.
I definitely hope to learn from other members about which tools they find useful for swing trading and which platform would be best fit. I'd like to use a platform that offers "quality back-testing" as well.
At first I may lurk, learn and ask questions but hopefully in time, I can pay forward my experiences and humble knowledge to other members as well.
Last edited by Mark109; January 29th, 2012 at 09:19 AM.
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That's kind of my dream. One day learn to fly a real plane. Even better if I had money, doing a flying service as a commercial pilot. (private jet ) I've spent more than a thousand hours on FSX (mostly PMDG and commerical routes from flightware.com and airnav.com). Dream is still long way off. Thanks for mentioning.
And wow , you've been in trading a long time. Since ticker tape and when options just came into existence(?).
Last edited by Cloudy; January 29th, 2012 at 06:34 AM.
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I've heard of Big Mike's before, and found some helpful content here while doing research, but I had not taken the time to read over the home page or membership description. Over the past 6 years of my trading career I've been fairly private, only speaking with one or two close trading buddies. I look forward to expanding my list new friends here at Big Mike's.
I enjoy trading the DAX, E6, TF and maybe a little CL. I'm not a big fan of trading the ES.
I like to take a top down and bottom up view of the market. For large timeframe analysis I view the market through the lens of the Long Wave, and it's component sub-cycles all the way down to Quarter-Wall Cycles.
From the bottom up, I use 2 distinct perspectives into the market.
First, on micro scale a simple 3 tick range chart as the small timeframe and just one more above that at 6 range. A 200 moving average surrounded by a modest envelope offers a chop range around which I look for basic market structure elements, lowers highs and lower lows etc. I'm a big fan of VWAP Bands to identify potential targets. I find that in most of the markets I trade a 3 standard deviation move is nice chunk and to hold on for more is a low probability scenario. I like keep the wind at my back with this method and would characterize it as micro-trend following with reasonable targets. I would rather exit and re-enter at key resistance than hold through retracements. This method works best from 3 am EST to 6 am EST on the DAX, E6.
At the New York open, and after some time away from the screens (breakfast, Qi Gong, walk outside etc.), I employ another method which is more involved, but works well on 65% of the days, and only during the first hour. It's a good overall model for assessing the near term directional forces viewed through the subtleties of the MACD momentum indicator. I would characterize this as a counter-trend method for setups, but good at identifying current trends.
Regarding my areas of study in my off-trading hours, I'm interested in Cumulative Delta, Alan Squares and more generally - quantitative analysis and coding. Coding, although I'm new at it, has helped me get a deeper view in the mechanics of the market, and sparked an endless supply of curiosity. My hope is that eventually the Cum Delta and Alan Squares will fill-in those time frames between what I'm currently doing and the Quarter-Wall Cycle, thus giving me a custom fit lens for each particular time frame, one within the other, so that I might honor the market by truly listening to what she has to say. She's quite the dancer too!
After my fair share of pain and suffering I am consistently profitable on a weekly basis and losing days are fairly rare, but they are welcome to appear when they like, just as long as they are under my hard limit of -30 ticks. As a past pocket-billiard money player, I'm well acquainted with performing under pressure. Mom always said, "It's okay to have butterflies Jay, just get them flying in formation." She would sit in the front yard with a catchers mask and mit and let me fast pitch baseballs at her, so I try to remember her advice when I can. She had courage! Even still, I don't like to think of my performance in dollars, it's always ticks. Ticks, ticks, ticks -- that's all I wish to focus on. 100 ticks and done for the day. Minus 30 and done for the day. Nice and simple.
If I finish in European session, I go to Sim for the first NY hour, and after that it's lunch time and maybe off to the gym.
I don't drink, smoke, do drugs or eat sugar. Okay, I ate some sugar over the Holidays and boy did that throw me off. As long as I'm getting good rest, eating well and being mindful of my emotions everything seems to fall into place.
One interesting thing about trading -- it requires me to be at my best and that's why I love it. After watching a recent documentary on pit traders, I'm very grateful for the tranquility of my trading room.
But the best thing about trading is that somehow, as if by some ethereal guidance, the most amazing people have sprung up to help me along this path. I trust my experience here at Big Mike's will be an extension of this ongoing theme.
So, thank you in advance for the warm welcome. I look foward to many interesting discussions here at Big Mike's.
All My Best,
j : )
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So I was checking out a Bid Ask Indicator thread over on the Sierra Chart support forum and someone posted a link to a thread on Big Mike's forum. I'm a fearless link-clicker, so whoosh! Off I went. Read, read, read, and then time to click on the image to see the details of what the OP was writing about. Nope. Gotta be a registered forum member to view the image. DOH! Fine, fine, I'll register for YAFTF (yet another "fine" trading forum). Got my fix for seeing the image (you'd think it was some pic of Vida or Veena or something, but no, just a chart with numbers bars) and decided to take a look around.
It didn't take long to figure out futures.io (formerly BMT) is not just another trading forum.
That's how I came across futures.io (formerly BMT), but it was my passion for trading that had me hunting in the first place. My primary market is the ES, but also dig the NQ, TF, 6E, and ZN. Got a few other markets on the radar for later, but those five take enough attention for now.
Trading is a full-time passion but part-time pursuit. I do have a day job that is not trading related. Only it's evenings, so not a day job. Anyway, I'm not trading for a living. Full-time trading is an eventual goal, but down the road a bit.
I've been into trading for a few years and have quite thoroughly obliterated a decent sized account. Rebuilt my stake (not back to 100%), made fewer and smaller mistakes. More paper-cuts, less falling-on-grenade. Round three is in its infancy (currently SIM'ing). I'm a discretionary intra-day timeframe trader. Years ago I traded equities on a swing timeframe and that was not my bag. Talk about taking work home, yikes! EOD means I'm flat. Will that ever change? Possibly, some day. I don't see it, but I'm open to it.
Have you ever been involved with something as gut-wrenching and mind-bending as trading? Man, I haven't. Without a doubt, it is the most fascinating thing I've ever pursued. Other than women (I'm married so I've been chasing the same woman for over 15 years now ). Okay, and raising children. I have five kids. And all three things have taught me more about myself and human behavior than I would have imagined. I have a degree in psychology, but my little trifecta of real life experiences (trading, marriage, children) has been the real source of my growth and development as a person.
So there ya go. Yeah. That's a decent introductory picture.
I'm still very new to futures.io (formerly BMT) so I haven't really formed any expectations - from the forum or from me to the forum. That's not entirely true. I hope to be able to share from my experiences, both between the opening and closing bells and from between the ears.
Take care -
p.s. How cool is this? I have an undeveloped site centered around being a humble trader and the person who posted right before me IS thehumbletrader!
Last edited by omni72; January 30th, 2012 at 01:24 AM.
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I'm new when it comes to active trading. Over the years I've invested, but never really traded. I've come to this community in hopes of getting, and sooner or later, giving great advice about trading. A little bit about myself. I just graduated college and really am at a crossroads in my life. I'm also a poker player that has done fairly well for myself. I've made enough money from poker to pay for my college and save up a good chunk of change as well. This experience of earning a living by risking money resonated with my inner poker player. At this point in my life I feel that I may be able to day trade successfully, with the help of some advice and some studious work of my own. I've always followed the US markets in my spare time and now would like to make a career out of it. I've done some reading of day trading books but felt that I would gain much knowledge through discussion with people on a forum. I'm looking forward to being a member of this forum and community and hopefully succeeding in my plans as a day trader.
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