this is my first post in this forum. I was a bit "shy" till now, partially because English is not my mother tongue...
I recently moved to a fully mechanical trading style, trying to keep myself faithful to my plan and learning as much as I can.
Would like to thank Big Mike for this very useful website!
The following user says Thank You to Albnd for this post:
The reason I asked all those questions is that, after you'll have done all of that, the feeling about missing trade, will be gone you will know there are many many other oportunities. It seems you have a clear head, that's good, you can make it, but realy its very hard job.
About software try ninjatrader 7 they support volume candlesticks. you speaking about psychology, this I am in opinion is the most important thing elone with money management. Try this book: Trading Coach fom Brett N. Steenbarger.
good luck Lu.
Please take all other discussions to other threads.
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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.
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Fantastic place you've manged to do here.
I have a day job - worked for the last 10 years almost, after university graduation.
I used to love my job, to work with various people within my domain area, and keeping in touch with everything new on my field. But I think I reached a step where I just don't resonate anymore with the corporate mentality.
More than that, everything crashed and burned after I've just got my hands on some interesting books, the legendary Wizards series being among them.
I'm still working my way through the ton of information in the field, whilst trying to keep a thin balance with the day job.
My biggest challenge is trying to effectively progress while not risking too much my existing career, until I achieve a certain level of confidence that I can move on. As you've probably experienced as well, there are certain types of jobs that eat you alive. And 2 or 3 hours per night is just way too insufficient to get the ball rolling.
Hi everyone! I'm Daniel, currently working as a barista in the coffee shop and i'm studying the market full time.
I'm very fortunate to have my parents supporting my passion to work as a day trader. And with their support,
i have decided to skip the college and use the college money to kickstart my carreer in trading.
I was introduced to this forum by a family friend who is a day trader himself. Overall, I'm looking forward to extend my learning curve. Thank you BikeMike and FatTails and MFBreakout and Gabriyele and BigEasy.
Last edited by dmann; March 2nd, 2013 at 04:31 AM.
Hi! My name is George but you can call me Yuri. I trade to make a sh!tload of money and have a detailed plan to what to do whit it. My main instruments are forex majors and gold. I plan to make trades on ES and Bund too, I find them very attractive. Number #57 comes from motocross racing which I did a few years back.
I think will be a great trader because I can learn from my mistakes, very persistent and this is the only thing which keeps me interested.
I'm considering starting a journal here, the forum is really cool, I'm amazed the number of professionals here.
I am from Singapore and have been trading for more than 10 years. I would say that I had been quite successful until my account was busted... not once... but twice. Painful experience.
Well, what I learnt from my past:
1. I have an edge in trading (mostly inter-market correlation)
2. I was reckless with my risk management. I always second guess myself when it comes to placing (and cancelling STOP LOSS)
3. Trading to me was like a hobby. I had my day job then.
Last Dec I was made redundant and have decided to give myself some time and try to trade full-time. Since I no longer have the safety-net of a full time job, I have to treat trading very seriously... as a business. This also means that I can no longer afford to be reckless and bust my account.
I am trading solely Nikkei Index Futures (both on SGX and CME). I live in Singapore (timezone GMT+8).
Trading (from home) is a lonely endeavour, so if there is other traders doing Nikkei or from Singapore lets catch up and exchange trading ideas.