After having blown-out two trading accounts, primarily by following the ineptitude of other "would-be" traders, and having spent some $$$ in trading education I could have picked up here for free, I now see that slow and steady may be the way for me. With some help in cutting to the quick, I hope to find a simple, consistent and profitable trading plan.
The following 3 users say Thank You to akayal for this post:
My Real name is Trade4Pay. Ive been Trading Since the mid 70s. In the 1980s I taught Finance to undergrads & MBA students before pursuing my own computer consulting company, that I sold in 2005.
I now trade Oil and other Futures on a regular basis, and also stocks & Options, both long term as well as scalping hi ATR stocks.. ie. AAPL, AMZN etc. Im doing some forex when the stock market is too choppy to stay in for longer terms.
I enjoy learning something every day, and thats why I joined this site
Thanks Big Mike & All Members
Learn Something Everyday from, and about the market, or it will teach you the what it wants.
The following 4 users say Thank You to Trade4Pay for this post:
I started to learn trading 2 years ago. I thought in first several month that it is the easiest thing in the world to earn money by trading. Then I realized after loosing a smaller amount of money it is not true, since then I am day-trading on a demo account. Nowadays my strategy is becoming eventual. I hope to start making money next year.
The following 3 users say Thank You to kyma for this post:
I have been gaining knowledge from this website and other sources for over couple of year now. And must say it has always been pleasure.
I am only in to price action and I do not use indicators to trade. Some facts what I have understood so far about trading.
1) I have read more that 50 book on trading (well not everything, enough to understand every bit of the concept I intend to learn)
2) I have learnt the is nothing called as oversold and overbought
3) Donít talk about trading to non traders.
4) Bend the trading rules as required when it comes to survival/ but not the trading plan
5) After expensive research and experience I have found trading 1 min or 5 min charts are not profitable in long run
6) Swing trading need not necessarily mean holding tradeís over night.
7) Trading or having only one system will not make you a better trader ( trade according to the market, donít try to fit the system to market)
8) There are some things people canít teach and trading is one of those, you have to learn it yourself.
9) Start a small account and there is a 99 % chance you will burn it and yea itís a good thing. It teaches you a lot.
The following 4 users say Thank You to Lawrencejude for this post:
I found my way in here last winter.
I dont get time during the summer to trade but things are winding down now and am looking forward to another winter.
My ultimate goal is to not go back to the summer work.
I started this adventure back in 2000.
Spend a goodly amount of capital monetary and emotional over the years but its a journey.
I also joined top step last winter and did 2 combines.
I am goin to do that again. Rather than spend thousands I can spend hundreds ,for me it is a god deal.
I found sim trading unhelpfull ,but over there i am more accountable.
So it is here at Big Mikes accountability.
I like the idea of a public journal.
The following 3 users say Thank You to kevv for this post:
Hi Mike, I like your forum, well i traded forex on metatrader with fapturbo and only made pee-nuts so to speak!!! Then the robots stopped working and lost a little bit of money like £50 after I tweaked them and did everything via the manual, as well as that I went to a few banana republic brokers and lost about £80 as I did research later on and found that they put the dealer desk plugin into metatrader, so stopped using that as well as a few other scams out there. A few years later i read about "The Code" on oil and how oil futures and gold and silver are run by a US government computer program to stop us all out and take profits from us and how to read the continuation of this pattern on the hour and at the end of the hour and how it continues etc etc and got the videos on how to read this the code but after watching the rest of this guys videos at oiltradingacademy, soon realized that not only was the guy a scam but weird as well!!!
I have now installed ninjatrader and made 40 pips in one day by keltner channels and boilenger bands, scalping in and out of markets using macd and volume up and down, williams r . I currently use 1 min and 5 min charts with a 30 min and daily chart ....but am not as skilled a trader to use the harmonics patterns yet and predict market swings. I can use pivots and daily lines but that is as far as it goes. Also tried range 4 for psychology and made about 22 pips then did another trade in choppy waters and lost it all again. I only trade crude oil, if there is a harmonics for that, hopefully there is, then I may use it !!!
Trading is very much a learning and disciplined experience... So for now I paper trade.
The following 3 users say Thank You to Hayles76 for this post:
a little about myself...i'm mainly an options trader, been doing it for about 2 yrs now. lately, i've had the problem of making consistent gains with selling premium 9 out of 10 times, then on the 10th time giving it all back and then some with a high prob trade that goes against me. i'm sure many options traders been there as well. anyways, i'm now looking to venture into the futures game. anyways, nice to meet everybody...see you in the forum
The following 4 users say Thank You to pdao99 for this post:
Hi, all. Glad to join this forum. I have 10+ years as a serious trader, the last 5 of which I have been doing work on programming systems. Worked for a long time in Amibroker, but I found some serious limitations with it. Now, I'm transitioning to MultiCharts and looking forward to new capabilities. I plan to reimplement a 5 or 6 signal trading system trading in realtime from MultiCharts, as well as backtesting new strategies and tuning the strategies.
Hope I can contribute to this forum. Certainly I can pass along Amibroker info and the differences I see between Amibroker and Multicharts.
Lew da Interfool
The following 2 users say Thank You to interfool for this post:
i was advised by TOS to come over here, because maybe i will find what i am looking for in daytrading over here.i need to upgrade my charts for daytrading,hoping to find what i need here.been trading options since one year,lost like1500$ during this time did like 250 trades during this year.i have some thoughts regarding charts and custom columns that i would like to ask for help about.
The following 3 users say Thank You to botombo for this post:
I just joined this forum.
Was doing investing last 6 years- longs only on LSE and Euronext, mostly for long periods 4-18 months. Had no one to discuss things. Blowed 75% of original account. It seems the only way is to do trading rather just investing in order to make any money.
I am working full time + overtime so that can only afford to do position trading on day close, even though can place the trades during the day online or over the phone.
Currently using PtaderPro platform from UpData company from UK who provides pretty comprehencive charting platform with ability backtesting trading systems using data feeds from esygnal.
Recently designed couple of systems (based on this TraderPro platform) based on Ichimoku and backtested it on difrent stocks and european markets- it seems working at least on backtesting.
I am a bit dissapointed with Updata because there are some discrepancies in results of backtesting and the sytems are not working on backtesting as it was orginally designed.
I wonder if anyone used Updata or trading based on ichimoku sytems?
The following 3 users say Thank You to Vlad Savinsky for this post: