I am a developer of algorithmic systems and lease my programs to mostly private equity funds. My focus is on forex and futures systems developed as custom blackbox code running on my own platform. I develop in .net and deploy in the cloud over multiple dynamically allocated servers.
My main approach is hugely quantitative (as in I don't try to predict market direction) multiple trading systems all mixed into one, then I have managing algorithms that constantly rebalance them.
My reason for joining BigMike is that I came across a Nadex post. I haven't manually traded in a long, long time, but I saw the same seminar at a trading expo and it really got my attention. So I wanted to chime in on my 1.7 cents worth.
Very quickly.. I lost a lot of money. I've stepped back from trading and went back to work but still paper trade fro few hours before I go in.. I of course do amazing with pretend money... In any case I'm going to try and spend some more time on here and learn as much as possible...
I just sold my IT company in Germany after six years. I always was in love with trading. As a student my father handed me over its buget for building our house during the construction time. I played around with it and made about 50K. So now I'm returning with some approaches for algo trading. The paper trading results are quite promising, but before starting I want to set up a regular algorithm development processes to ensure quality and speed.
First off, Thank You Mike! My "street nickname" is Avron; all my friends call me that (I think it's just Italian for "Brian") so anyone can all me whatever they want but "Avron" (pronounced "Av" as in avenue and "Ron" as in "Ron") is what I'm used to. I've had people tell me it sounds like an oil company or like "Enron" which we definately want to forget, lol!
I also took a major bath when I first started trading in 2000; boy wasn't that a great time to get in...but I still know the real reason I lost so much is because I didn't know what I was doing; andI still really don't which is why I'm here. I'm betting there are some great traders here I can learn from, so consider me a newbie...in fact I'm below newbie status and am only here to learn.
Glad to be joining a really great forum. I've been reading for a few months now and decided to become an elite member so I could watch some of the webinars and become more involved.
My background... I've been involved with trading for many years, but mostly with researching, developing and managing mechanical systems. Very little discretionary trading. About a year ago I began doing more discretionary trading in my personal account and became fascinated with it. I installed NinjaTrader recently as a way to learn C# and build a better discretionary trading platform for myself (previously using IB and eSignal).
my name is Devon and I'm as novice as they come when it comes to daytrading. I've been following a conservative buy and hold approach for a few years which has been profitable but boring. I'm wanting to learn about daytrading in order to be more involved and hopefully more profitable!
let me ask you few questions, did you set up your own strategy?, did you backtest the strategy? did you papertrade the strategy ? what were the results? good or not enough? ok if not enough do some changes and backtest and papertrade again, I would say min, 150-200 trades. After you happy with all yours results. Then you can start live.I think after all of this if you doing right, you wont be feeling that you miss somtehing, because you will understand that there are lots of oportunities, next day, and day after...
was only 2 weeks ago that I decided to make the transition from passive Investor to active trader.
The challenges are formidable.
I have to upgrade my net connection, upgrade my pc hardware, get a new desk, reorganize furniture, change brokers, etc.... Having said that I expect everything to be in place by the end of march. In the meantime I am learning how to read charts, different instruments, watching webinars, videos, etc.....
I really like Al Brooks methods. "Gimme a chart and I'll trade it" That is basically my long term goal.
I'm slowly getting a grip on the various factors that make up a successful trader--psychology, strategy,methods, RR, Money management, journals, etc..., and again PSYCHOLOGY---
I have a full time job, family, badminton 3 nights a week, softball most Sundays--so while I remain focused on the task--it is going to take time--lots of it.
So to answer your question--No I have not set up a strategy. That answers the rest of your questions as well.
here's a real newbie question for you--Are there any charts that plot volume in candlestick format? ie.. draw a candlestick for every 100 traded