I just wanted to say hello and thanks to all of you in advance. I cannot believe I haven't found this place sooner-suffice to say it would have saved me a boatload. I've been nosing around for the last few hours and I really think as a resource this place is priceless - more than worth the price of admittance.
As for me my name is J and I'm a novice, beginning trader. I've been trading for about five years( part time), blown out my account through stupid mistakes and not having control of my psychology. In fact initially I didn't realize that my psychology was more than half the battle. Well slowly, very slowly and painfully I've been learning that lesson. I'm now trying to learn from my mistakes and would like to begin again from the ground up. Any suggestions you folks would care to throw my way would be appreciated but I realize it's my job to try and take advantage of the information that is right here before me now.
If anyone here who has been at this a while and has survived the turmoil - if you were going to have it again from the beginning - where would you start?
Wow, what a great find this forum seems to be! I've been reading bits here and there over the last week - looks very interesting indeed, so I've just registered and looking forward to participating, learning and fingers crossed one day in the future I will be able to share and help others develop too!
I'm from England, a chartered accountant that understands fundamental's very well and have invested on a VI-type basis for a while but am increasingly interested in technical analysis and trading as opposed to investing.
I'm currently based in Bangkok, having been seconded to a Big 4 firm here and never looked back.
My objective: to trade for a living. It would be nice to make big money, don't we all dream of that, but my more immediate realistic desire is to have the flexibility to live in Bangkok where my life now is, and also spend a fair bit of time with family back in England, and to have the finances to live comfortably in both places. My current occupation gives me 20 days holiday a year which just doesn't provide me with enough time to be with the people important to me.
My strategy: too early to tell. Over recent months I have been adopting a trend-trading strategy after inspiration from Dr Carr's book, and use Metastocks EOD for identifying set-ups and back-testing.
Markets: I have been in the small world of the Thai SET but looking to open a global account with IB with a view to trading on the NYSE and perhaps Singapore, HK, Tokyo, depending on my location.
Products: I have only traded equities to date. Currently researching futures and FX but a long way to go here.
Well, I've finally done it and put in my notice which will take effect end of Sept '13, and then game on!
Took some of my investment capital and started my journey toward becoming a trader in the fall of 2009. I figured the purchase of a trading computer and using Think or Swim I'd get to the Emerald City in no time.
I didn't get there yet, but have found some sites like yours to be the "Yellow Brick Road" I should have looked for initially. I didn't even realize that all I was doing was making my broker rich by churning my own account for him. Then after a year he calls and asks why I am not trading as much, even offers lower commissions. Something I find I should have negotiated down before embarking on my journey. Well now I am a more humble trader, loving the learning process even though it feels like I am drinking from the fire hose.
It was great to be able to download information and indicators for my Ninja Trader (NT7) platform before paying for more access on your site. The information here is GREAT.
Bill D. in San Diego
p.s. Waited a while for introduction as I wanted to be able to contribute, but now I actually want to see it the message about me not posting will change after sending this...
I have found journaling to help greatly in trading as well as finding good mentors that are truly interested in helping you without the need to help their bottom line. Two programs people probably already know about, but that are worth mentioning that I am using daily to help in journaling and communicating with fellow traders are:
Open Office and Fast Stone Capture (Not to be confused with Fast Stone Image Viewer) Download FastStone Capture This program is shareware and the registration fee is less than the price of a movie ticket.
Lastly: One HUGE mistake that I made with NT7 not fully using the NT7 manual for tutorials with instructions on a SIMULATED trading account before using REAL MONEY.
Started trading in the gogo year of 1999 with options, thought I was a genius until the crash of 2000! Finally got to trade again my 401K last year and found out I was hooked again! Call myself a born again newbie! Now I need to find out which markers to trade to grow my retirement accounts and develop a steady stream of income. Thanks Big Mike for this forum!
Just a quick intro..I started trading 3 years ago at a prop firm and still currently do so. At the moment, I am looking to expand into automated trading. I mainly trade the German 10-yr, ES, Dax and Crude Light.
Just a quick intro.I started trading 9 years ago. I run small business, just got divorce and merit again. I lost most of my money. Markets, lawyers and my X. Currently I am starting, after 2 years not trading, again. I love trading and I trade Emini TF,ES,YM and Forex.I trade on NT7.
My name Jaroslav
What an innovative site that is geared for you to become good traders.
I am basically quite new to the Forum and to trading as a whole.
I would like to strat with Froex trading as I have been following a couple of private courses.
One that I like to ask a question about:
Does anyone know about the Forex Uncovered forex course - with some great Indicators - which was around the year 2007-8? Does anyone have access to the full course and especially the videos - settings for the indicators or the up to date contact info of the author of the course or support for course? Any help and suggestions will be greatly appreciated
I'm French and I'm trying to learn the rules of trading since 2009.
I started earning money by working anyhow.
After I started to lose and there it was painful.
Like many from there I quickly cut my gagantes postions and let run my losing positions, I could not bear the loss, so I was waiting for the miracle to happen. So I made the biggest losses.
I worked hard to develop an effective system and I tested this system in virtual and it went well. When I came back to live trading, I had good weeks, then lower and failure "does not make losses" is back.
I started not to cut my losing positions. I realized that my problem is not to learn the technique of trading, but to psychological work and it is very difficult. For the moment, I do not.