Courtney Smith student, or how I learned to love trading
I am new to trading as of Jan 2013. Trading seemed like pure gambling, and I only knew that I didn't know enough to play the game. After many years of catching up on rudimentary financial education like the Rich Dad series, some MSMs with decent leadership training, and a brief foray into RE investing, we attended another weekend seminar (MMI) and were introduced to several types of training. We signed me up for tax sales and my husband for a stock trading class.
After he returned, I tried to catch up from his notes and the online videos we now had access to-- and ended up blowing past what he had been able to cover. I was shocked to find it making sense and being interesting in a way I had never thought, and using methods that fit my personality well. (such as only trading at end-of-day with stop orders)
I began trading a (very) small account of our real money in parallel with a $10k sim account on investopedia. I have so far managed to preserve about 90% of starting capital (in both accounts) and most of my losses have been from trading commissions. I have recently trained with CS on futures & forex trading and have been attending webinars on options strategies in an effort to become a fully well-rounded trader, but am most drawn to forex for now.
I am currently most interested in the psychology of trading, in the day-to-day reality of trading for a living, and in how to most effectively grow a small amount of starting capital. My purpose & trading goal is to become self-supporting by end-of-year 2015 so we can travel the world & my husband (classically trained violist) can leave the managerial day-job to pursue his musical dreams playing 7-string electric violin with a christian symphonic metal band. (now auditioning!) \m/
I appreciate what futures.io (formerly BMT)F claims to stand for and look forward to everything I can learn and can share with the community.
The following user says Thank You to darthur for this post:
first I want to thank Mike and all contributors for this great forum!
I am learning to trade US Stocks and ETFs mostly on daily chart.
Shorter timeframes I think are to fast for me. I am still carrying losses forward from 2008 when I had some mutual funds and watched them go down. I listened to my (bad) fund advisers and thought: What goes down will go up again. Some time. Okay - some time can be long. ;-) Now I learned that there is a thing called stop loss that definitely helps avoiding losses. And a few others things about risk management which I further want to improve. Due to last years positive development in stock markets I am now breakeven as well and I think it is time now to make some profit now ;-)
So I want to improve my skills and also maybe go into shorter timeframes.
I am using no indictors anymore just the naked chart with support and resistance. But I like the Ichimoku as it is very condensed and shows stock prices in a balanced way.
This should do it for now. Kind regards and a happy day to everybody!
The following user says Thank You to Heiku for this post:
Hello all, I am interested in trading the ES. Working full time makes that somewhat difficult.
I have tried several different services with varying degrees of success. It is hard to know what you dont know when you get started. I was with OFA for a time, learned a lot. Their chat room was a great experience, with really nice friendly people. Just was not able to get over the hump. I was also in the IOAMT chat room with somewhat the same experience.
Not currently trading live, just watching and trying to learn what I can.
I discovered this site in my search for knowledge. I am just starting out developing trading plan - looking at which broker and platform that will suit me best (am initially going to sim trade DT Pro); want to initially day trade one of the emini futures (leaning towards ES or 6E); develop entry strategies (what to use...1, 2, 3 setups, breakouts, channels, S&R, pivots, fibonacci levels, ma's, momentum indicators, volume, etc); and how to manage trade.
I hope to learn from your experience and thank you for your contributions.
I knew about the forum while I was searching for a place to learn about trading. I'm new to trading, back in 2008 I bought some gold which I sold in 2011 and I made some good money, then I decided I need to do some "active trading".
I continued my journey by entering stock market, so I went for "buy and hold", which was also effective somehow.
I didn't know by that time about day trading, the concept of day trading attracted me, but I'm still learning.
I'm not planning to trade in a real money till I feel I'm ready.
First I would like to thank Mike and all contributors for this great forum.
Been trading for many years, lost a lot of money at first and when I lost my business and started to really learn and focus on trading that is when I started to make back my losses. I trade the S&P and the Russell with a system that I developed and have been very successful with it. I'm now trying to automated my system in NT so that I don't have to sit in front of my monitors all day.
My passion is the markets and I travel and trade from all over the world. I'm planning a trip from Alaska to the tip of Argentina on my bike and will need to have my system automated by then, so that I can just log in tha review my trades and make any adjustments needed from wherever i am. That is how I found out about this forum, trying to learn how to program my system. Great to be here and happy birthday coming up to Big Mike's trading forum.
Hi all, I'm a quant research beginner from China. I start my research as an intern in a hedge fund.
I think I would benefit a lot from the discussion here, and I'll be glad to share my research experience with you here.