Back in the 60's I bought a course to understand the market, this was the most complicated and boring course
I have ever taken. If I could not sleep I'd pull out the course and start to read before the first paragraph
I was in lala land. You ever been there? I thought to myself no one in there right mind could understand
this gibberish. So what did I do I took it to the trash and forgot the stock market for25 years.
What a wasted time Then a friend or not took me to a Wade Cook seminar in good ole Dallas Texas.
After putting in 30 plus thousand dollars I was still losing money throwing good money after bad.
The last 10 years I am afraid to pull the trigger and almost ready to quit, but I am not a quitter so here I am.
There are a few hundred questions & answers, so there is an excellent chance a lot of questions apply directly to your scenario or would be beneficial to you.
Since I am the one answering most of the questions, it is in the Elite section. You'll have to make that call if you want to join the site as an Elite Member or not.
The next step beyond reading that thread (and it will take many hours), is to just start interacting with people on the site. Start reading threads, and asking questions. Make some friends, learn your way around. The more involved you are in the site, the more you will be in a position to learn from all the members that post here.
Let's please try and keep this "Introduce yourself" thread limited solely to introductions. If anyone has further questions or responses, you should find a more appropriate thread or start a new one. There is a big button on the home page "Ask a question" if you aren't sure where to post.
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.
The following user says Thank You to Big Mike for this post:
I have been registered on the BigMikes Trading Forum for 542 days today and this is my first post, talk about been social. Well to be honest forums have never been my thing, I started trading back in 1994 when the internet was not accusable let alone forums but here I am and I decided to give it a bash. I have heard some good things about traders involved here and it’s never a bad thing to be around good traders.
A little about me before I go: I am from South Africa and I have been involved in the markets since 1994 starting out in Equities. In 2000 I received my ICMQ (International Capital Markets Qualification) and became a full time professional at that point. I am a registered securities trader with the JSE and a senior dealer registered with SAFEX.
I am a short term intraday trader with a strong fundamental understanding of order-flow and auction market theory. I use Market Profile and Cumulative Delta with Order-Flow as primary analytical tools with secondary elements such as fibonacci and traditional techniques forming part of my methodology. I have traded just about every asset class and instrument over the years but now days its Futures – Index and Interest Rates are my products of choice.
See you in the ring
Dean - TraderDynamix
The following user says Thank You to TraderDynamix for this post:
Hi all out there,
This is nmy intro post to let you know where i am at with this!
Im determined to go from not knowing the diefference between a stock and a bond, to being able to make an astute technical analysis and implement a planned trade decision based on technicals and fundamentals.
Well, i haven,t stopped reading
stuff covered so far includes
Various online articles of different educational value.
Currently only follow eur usd, but thought i might branch out and begin looking at eur/jpy
Thanks for taking the time to register this post!
First post here, have been trading for a while this article sums up my beliefs about markets, the struggle between breakout and reversion to the mean. I will post only when I have something meaningful to add. For newer traders I would recommend
"Phantom of the Pits" the book is online. For new traders position size is everything, don't risk more than 2% to 5% on any one trade.
The following user says Thank You to Yangtrader for this post:
After 17 years in the market I can say my experience is that for an "active" trader 2% to 5% is way to high "More Activity Should = Smaller Trade Size" especially for new traders. For me its more like 0.2% to 0.5% and my daily loss limit is 1% and I consider that a truly bad day. On the upside I may stop at 1% but its very rare I will continue to trade with a 2% profit in the bag and never beyond 3%