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Introduce yourself here!

  #3121 (permalink)
 TRADERS 
Toronto Ontario Canada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES/6E
Posts: 2 since Feb 2012
Thanks Given: 1
Thanks Received: 0

Hi All

I am delighted to be a member of Big Mike club.

Being elite member i find myself in an area which can guide me to become successful trader from fussy trader, bcoz tonnes of knowledge is available.

Thanks Mike, you are a true pioneer.

TRADERS:

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  #3122 (permalink)
SteveC55374
Minneapolis
 
Posts: 16 since Jul 2012
Thanks Given: 153
Thanks Received: 9

hello everyone looking forward to sharing knowledge and thoughts

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  #3123 (permalink)
 TRADERS 
Toronto Ontario Canada
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES/6E
Posts: 2 since Feb 2012
Thanks Given: 1
Thanks Received: 0





Big Mike View Post
Hi everyone!

Like most day traders, I blew up my account a couple times and lost enough money to make most grown men weep. After I regrouped I started trading with common sense and with control of my emotions.

Later, I decided I wanted a forum to share my ideas as well as learn from others. I created my blog on April 17th, 2009 in order to meet this goal, as well as hold myself accountable for my trades and actions. I wanted a way to be able to lookback and ensure I was following my own advice.

The blog introduced me to a lot of fellow traders, some struggling, some doing exceptionally well. Talking with them everyday has really helped my trading and given me a lot of new ideas as well. In turn, I hope that I have provided them something useful that helps in their trading.

Since the blog did very well I decided to create this forum, and it was born June 11th, 2009. The forum was designed with the specific goal of having a small community of traders focused on making money. There are other sites out there but I never really felt at home with many of them, their userbase is too focused on proving someone wrong instead of trying to help.

You can find some more information about me in my profile.

Tip

After you read this thread and reply with your own introduction, you can find more Beginner articles on how to use this forum here:
Beginners and Introductions - Big Mike's Trading Forum and also visit our Wiki Help section here: Help, Tutorials, and How-To's - Big Mike's Trading Forum

Also, as you are reading the thousands of posts on the forum -- don't forget to use the Thanks button (bottom right of each post) to let the author know his post is appreciated!



Good hunting!

Mike


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  #3124 (permalink)
willight
Hong Kong
 
Posts: 1 since Jul 2012
Thanks Given: 0
Thanks Received: 0

Hi all,

Run into this forum and looks great to me so subscribed. I'm experienced in holding shares ad till now did not too bad. More or less creating pension funds. I'm 47 so need to think about that I think.

Already now reading and learning for few months future day trading but not yet used money. The scary thing is all the scam sh.t I see on the net and slowly on I think that all you buy out there as the so called holy grails is wasted money. But I think day trading futures might be a nice thing for me to do.

So I'll see if I can find here some more good advise.

Money management and stoplosses are clear. Now the "system". Looks like common sense is till now the only one.

Any good advise from someone?

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  #3125 (permalink)
 rirhasiu 
Timisoara
 
Experience: Beginner
Platform: NinjaTrader
Broker: Stage5/Rithmic
Trading: Futures
Posts: 4 since Oct 2011
Thanks Given: 1
Thanks Received: 0

Glad to find and joined this group, I have found many interesting indicators and information here valuable to my trading strategy. I hope I will also contributing with new info as I find a different opinion.

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  #3126 (permalink)
2bob
Robina, QLD, Australia
 
Posts: 1 since Jul 2012
Thanks Given: 0
Thanks Received: 0

Hi, I'm Bob from Australia. Been dabbling in the markets for several years but haven't had the capital to get far. Have traded shares, CFD's & Forex. Think I'm getting somewhere now but it's gonna be a slow & patient process of building my capital. I like trading indices & Forex & with mini accounts have been able to get a lot of practice in with real money all be it miniscule amounts. Cheers Bob.

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  #3127 (permalink)
evencill
Va Beach
 
Posts: 1 since Jul 2012
Thanks Given: 1
Thanks Received: 0

Hello all, im kind of new to trading forums and trading in general, here to soak up some knowledge and friends along the way! im breaking into options trading so any advice is welcome! happy hunting!

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  #3128 (permalink)
 ashokkb 
Mysuru, India
 
Experience: Intermediate
Platform: NinjaTrader
Trading: stock
Posts: 5 since May 2012
Thanks Given: 202
Thanks Received: 1

I have been mainly an investor in equities with holding period 3 to 5 years. The holdings gyrations were unbearable and finally got out with marginal profit which did not compensate for the holding period. Since then tried day trading without much success. Now I am seriously studying active trading through books, webinars, seminars, trainings before making another attempt at day and position trading.

I am studying the India commodity market mainly crude oil futures and NSE NIFTY futures against various trade setups and techniques.

Tools that use in my analysis eSignal Advaced GET, MTPredictor Pro in NT7.

Thanks

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  #3129 (permalink)
SherryLynn
Jupiter FL USA
 
Posts: 1 since Jul 2012
Thanks Given: 0
Thanks Received: 0

I've been trading since 2007. Thought I could make mucho dinero in the futures market. Started with the 30 year Bond. Did really well until the first time I was caught off sides and became like a "deer in the headlights". Took on a trading partner...thought that was the answer. Read all the books. Thought that was the answer. Have come to realize the answer lies within me.

I am a student of Market Profile. Have more than 10,000 hours of screen time. Still working on pattern recognition. Have been in a day trading room that is closing soon and have enjoyed the trader interaction and being a contribution.

My goal is to be a consistently successful trader.

I have done the Cisco Short Course.

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  #3130 (permalink)
charter
Bangalore, India
 
Posts: 1 since Jun 2012
Thanks Given: 1
Thanks Received: 1


Hi Folks,
I've been trading for several years on the NSE, India.
What's special about me? I've discovered several excellent ways of losing lots of money.
I'm trying very hard right now just to find one way of making some money. This is kind of important, because I'm married, have a daughter, and I guess I just need the money.
After I lost more money than I'd like to when I started trading, I attended a course on trading thinking that would teach me trading. Dumb thing to do. Nothing wrong with the course, of course. It did teach me about futures & options & stuff. I plunged into full-time trading after that thinking I was now "qualified" to trade. After immense frustration over continuous losses I read "Trading in the Zone"-Mark Douglas. That book is all about me! He must have sneaked up on me somehow. How else could he know so much about me! Everything I've done wrong is there! Now I know what to do to fix my problem, but I now have a new problem- doing what I have to do to fix the problem!
I'm also a big fan of Al Brooks. There's everything there I need to know about day trading, especially on the 5mt time-frame. He's out of this world. Honestly.
But I've realized the problem is somewhere else. Maybe I should try trading on a different time-frame. Maybe the 5mt doesn't suit me. I've been doing this for as long as I remember. And to quote someone famous ( Albert E) - that's the definition for insanity- to expect it to give different results. So now I've decided to trade on a longer frame, maybe a few days to a couple of weeks, and I've decided to use Andrew's Median Lines to get me into this (after attending a very helpful Tim Morge webinar). I'm NOT trying desperately find some magic indicator out there. Just something that will give me the confidence & courage to overcome my fear and help me force myself to stay in the trade long enough to get a decent profit.
There is huge resistance to holding a position beyond today as I'm used to day trading. Also, when I started trading I lost a lot of money swing trading. So I'm really going back to something that already scared me way back! This appears to be a classic case of having to choose between the devil & the deep blue. Only this time I'm using Median Lines which Andrews says has an 80% probability of the price reaching the target.
I realize, of course, that reading price charts is not easy, and improves with experience. The bigger problem is implementing self-control and patience. I've realized whats the difference between a successful trader and a loser. A successful trader gets good at NOT trying to predict what the market is going to do next, but only at what HE is going to do next.
Incidentally, my profile shows me as a beginner, though I've been trading several years. That's because until I get consistently profitable the years are useless and don't make me an advanced trader.

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