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Introduce yourself here!

  #3331 (permalink)
 
jw8051's Avatar
 jw8051 
Greenville SC / United States
 
Experience: Beginner
Platform: Fidelity, Monex
Trading: Metals, Stocks
Posts: 3 since Sep 2012
Thanks Given: 4
Thanks Received: 1

Mike and Board Members -

I am a middle-manager with a company spun-off and acquired by a Capitol Management Company (scary, huh?).

Sadly pensions are locked with no further contributions and unless you met time & title rules to retire you were left behind to your own devices to plan for life after employment. For a working stiff with half their career behind them the 3% annual increase guarantee to "manage our money" was not nearly enough, so I am striking out on the frontier to make my own destiny.

Rest assured, I have no allusions of "striking gold". I do however want to manage my portfolio responsibly. For years I have had genuine interest in the market, stocks, futures, and precious metals. I just needed that "nudge" to get me started and very quickly I am learning that knowledge is power.

I did my homework online and the experts are numerous. IMO many want registration fees over walking the walk with me. I chose futures.io (formerly BMT) after a financial planner with Merrill Lynch suggested it. Initially I will read & learn in the shadows, but my hope is to become a contributor in the long term.

I'm in for the long-haul and love what I see so far!

Thanks!

JW

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  #3332 (permalink)
rcml
Darwin Australia
 
Posts: 2 since Sep 2012
Thanks Given: 0
Thanks Received: 1

I am from Australia and my old man traded Port Bellies futures over 10 years ago and i would like to start exploring futures trading as an option. At present, i am going through the forum and try to learn some tips. Is there a tool that can download the historical and current futures data (e.g. open, high, low close of a particular futures). Ideally, the tool should also allow me to key in my trading rules and notify me when certain criteria or patterns have been met.

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  #3333 (permalink)
 KennyRedefine 
Malaysia
 
Experience: Intermediate
Platform: Mt4
Trading: Forex
Posts: 3 since Sep 2012
Thanks Given: 3
Thanks Received: 1


Hello everyone

I am Kenny from Malaysia.
I've blew my account as much as 7 times.
Rest for 3 months and here I am!

Working my way up the 8th time!
Looking forward to learn something from everybody here!

Regards

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  #3334 (permalink)
rhwingfield
martinsville,virginia united states
 
Posts: 2 since Sep 2012
Thanks Given: 4
Thanks Received: 1

hello people, i am new to trading, actually never traded with real money but have studied to the point of information overload. Iam hoping to finally make a small trade in penny stocks just to get my feet wet, sometime this week. Then i am going to start dabbling in e-minis. All help is greatly appreciated and your forum is loaded with good advice. Thanks for being here!

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  #3335 (permalink)
 Abii 
Taos New Mexico United States
 
Experience: Beginner
Platform: Ninja Trader
Broker: AMP/Ninja
Trading: ES, TF, 6E, oil
Posts: 2 since Sep 2012
Thanks Given: 18
Thanks Received: 6

Hello Everyone -
My tale is similar to many getting into trading - I've been working on day trading for about four years - tried a small, but lethal range of 'proprietary' systems - and investors in other systems - that sounded good of course, but didn't function for me so lost money. Have blown out an account and now cautiously treading water with my own system that reflects my abilities and actually works for me. Love the challenge of trading and am gaining ground. I'm delighted to become a member of Big Mike's forum and participate in the site's extensive training opportunities. It's all about learning, adapting and growth. I wish the best to you all. Abii

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  #3336 (permalink)
ashywashy266
Ottawa+Canada
 
Posts: 1 since Oct 2012
Thanks Given: 0
Thanks Received: 1

Hello Everyone,

Im 17 years old and a first year university student studying to get my BA in Economics. I have dabbled in the financial markets for a few years now with limited success (my largest trade grossed over $200, over three months). Despite my limited trading, I have been analyzing and studying the markets for years with the dream of one day become a private equity manager.

I have two stock strategies currently and am backtesting them, with the help of a daytrader as well as a financial planner, but I am now turning the FX market as an extra source of income (my current capital is roughly seven thousand). Im extremely ambitious and hope to make my dream come true ! Any advice that anyone can offer me is greatly welcome I look forward to learning on this site and speaking to everyone !

Thank you for your time !

-Ash

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  #3337 (permalink)
 gcaldridge 
port charlotte, florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: Oil
Posts: 100 since Dec 2011
Thanks Given: 54
Thanks Received: 81


ashywashy266 View Post
Hello Everyone,

Im 17 years old and a first year university student studying to get my BA in Economics. I have dabbled in the financial markets for a few years now with limited success (my largest trade grossed over $200, over three months). Despite my limited trading, I have been analyzing and studying the markets for years with the dream of one day become a private equity manager.

I have two stock strategies currently and am backtesting them, with the help of a daytrader as well as a financial planner, but I am now turning the FX market as an extra source of income (my current capital is roughly seven thousand). Im extremely ambitious and hope to make my dream come true ! Any advice that anyone can offer me is greatly welcome I look forward to learning on this site and speaking to everyone !

Thank you for your time !

-Ash

Becoming a successful trader will take as much work and effort as getting your BA and MBA in Economics. There are no short cuts and it takes a lot of time and hard work. Unfortunately I have never found a university for trading other than the school of hard knocks. There is also a world of difference between learning to trade successfully for yourself and being an equity manager. Your learnings as an equity manager will probably work against you as a trader with the major differences being: 1) It's your money not someone else's; 2) Your emotions will tend to make you react very differently.

So that's the 'heads up' and doesn't really count as advice. So I'll give you my thoughts:

1) Trading for yourself is like starting your own business. Study what it takes to make a small business successful. You might be able to do that as part of your BA. Since I did run a successful small business here's some of what you will find: i) Have a concrete vision of what you are going to do; ii) Be properly capitalized / funded; iii) Have both a conceptual and detailed business plan (with a focus); iv) Follow the plan; v) Every business has startup costs (these will be books, courses, etc.) and operating costs (these will be your losing trades); vi) Make sure your costs never exceed your revenue; vii) Pay attention to what is working and what is not and do a daily analysis; viii) Find a mentor/coach/guide

2) Your only obstacle to being successful is yourself. Unlike business the market doesn't know who you are or care. Learn who you are and then determine how you will trade consistent with who you are.

3) Be prepared to change. Change is tough and takes a lot of commitment and often time. I love quotations on various subjects. Go do a web search on quotations about change. They will tell you something important.

4) Failing to do something or having something fail (i.e. having losing trades, especially a lot at the beginning) does not make you a failure.

5) Do or Not Do, there is no try - Yoda

Good luck

PS - There are hundreds of books that will give you valid advice on how to trade. Just think how many books or lessons it took a Tiger Woods to become successful and you will have some idea of the wonderful journey ahead of you.

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  #3338 (permalink)
dream3r
Barcelona
 
Posts: 28 since Oct 2012
Thanks Given: 2
Thanks Received: 4

Hi guys!
I'm 25 years old and I'm looking for people with my interests like you! I'm so glad to find all of you!

I've been studied Computer science and right now, I focused in trading (Forex and miniSP500). If you are interested to share information, talk about markets or programming questions...let me know!

Thank you for this forum, where I feel so good!

Ferran

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  #3339 (permalink)
ok4me
Moscow+Russia
 
Posts: 1 since Sep 2012
Thanks Given: 0
Thanks Received: 1

Hi all,
I am Serge, from Russia.
I started trading in notoriously famous 2008 (yes, one month later after Lehman Brothers collapse) after being stopped out from quite good career in IT Sales. I started trading stocks with $30K account, and... to my amaze I still didnt blow it :-). In a year I had $48K on my account, then $56K in 2010, and... no move since then. I made $6K in 2011 and I am barely even in 2012... Played mostly double stochastic setups or MA crosses on 5-30M-1H charts.
I believe my trading style fits fast moving market conditions or instrument with drastic moves on news, so I decided to try futures trading instead of stocks. Tried multiple demos (not those funny ones with easy fills, but those where price goes below you order to get filled in and above your profit target to get out) and results are quite bright so far. Would be happy to learn from pros on how to trade e-minies.

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  #3340 (permalink)
Wwill
Burgas, Bulgaria
 
Posts: 2 since Sep 2012
Thanks Given: 3
Thanks Received: 1


After being disappointed by mutual funds investing (the most managers do not have any idea how to actively protect the portfolio) I decided to learn to trade myself. The chalenge is the factor that makes life intersting so for me the goal is not the getting rich quick but the intelectual challenge. My favorite instruments are the FX vanilla options.

Take care and good luck!

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