Although I introduced myself a few months ago, I'm still new to trading. This morning I had a breakthrough in my trading education. After 3 months of reading, research, and even joining Big Mike's, I realized that I still don't know squat about the market. I'm learning to trade, yes. But understanding what's going on between the buyers and sellers in the market I'm trading, NO! This is significant! Thanks for all the incredible information on this forum.
I just signed up about a week ago, took me a while to figure out how to post, hope I got it right.
I've been trading stocks since 2005 and blew up my account a few times due to not understanding risk versus reward. I switched to trading the eminis about three years ago but I am not doing much better. Probably because of the bad habits I picked up along the way. I still trade stocks but I am concentrating more on futures for various reasons. I'm trying to learn order flow now and found this great forum after ordering Peter Davies DOM from Jigsaw Trading. So although I'm not new to trading, I definitely need work in certain areas and will appreciate any and all input I get from this site. Thanks to all. Glad to be here.
Hello, I'm new to this forum. Glad to be here. Been trading off/on for over 10 years. My trading success has been spotty. No great successes to report and I have not been consistantly profitable. I have used a number of trading systems both manual and auto-trade. What I have discovered is that this trading business takes practice, practice and more practice. Therefore I am dedicating myself to practicing more using the ninjatrader platform and the market replay feature.
Have also allowed the "experts, gurus, and other assorted trading geniuses" to trade my accounts in the past with much less success than I have achieved on my own.
Looking forward to exploring this forum and learning.
Just read last 4 weeks of posts along with BTR411 posts.
repeat the set ups in a practice/simulated account and see if trades makes sense to you. Also watch Vince Virgil end of the videos posted in his journal under " CL trades" tab. Once you find something you like, ignore everything else and PRACTICE, PRACTICE and more PRACTICE till you can not stand CL.
Only 3-5 set ups. Again and Again.
Once you master one instrument try other instruments. Method and set ups are the same for every other instrument.
I will also recommend to stay away from thick instruments like E-mini etc. You want to get trained on an instrument which has Volatility and then ONLY trade volatile instruments like currency pairs etc. unless one wants to sit all day trading E-mini etc and watch PAINT DRY.
Keep the learning and eventual trading method SIMPLE. New traders get very excited as they find new tools like market profile, Gann, Fib etc and end up spending 1000's of hours without going anywhere.
Every trader if they are successful eventually come to realize this and start taking things off their chart and move towards neat, clean charts and set ups.
Some of the most successful traders I know- trade 3-5 set ups everyday , day after day with the SIMPLEST set ups and logic.
Follow Mike Bellafoire blog and read his books. If you can prepare the way his traders prepare for a trading day in his book " Playbook" you have a chance. SMB capital is an equity day trading firm. I do not think day trading stocks for a retail trader is a good idea but the process laid out in the book is EXCELLENT.
One of the ways you can give back to the community is to start a journal at futures.io (formerly BMT). If maintaining a journal is too time consuming for you then post your charts , set ups from time to time in a journal like mine.
I am always looking for new ways/ideas to look at markets.
Artist (chainsaw) ........................... That's how my past trading has been also Like wood i chewed threw lots of cash ......
So a friend and mentor pointed me to this forum. It will be a major turning point for me! I am interested in Forex..... Ninja Trader and Perry's methods
All input is welcome
Having taken a week or so to look around the Forum and try to familiarize myself with the content, I must say there is so much quality stuff here it is just fantastic, so good to be in a trading environment that is not full of junk information and sales crap!
I have been a student of the Futures Markets for a number of years now, unfortunately I have tried to go the route of a few trading rooms, suffice to say it has not worked out !
Although I have proved to myself twice over that I have the discipline to not blow out an account, I have yet to find a trading method I have confidence enough in to 'Go for it'.
My interest is in Attempting to read Order Flow and the daily tricks played out throughout the day by big money players and market makers, I want to learn more!!
Fairly new member. Been lurking for a while and enough message bars reminding me to post something finally drove me here for introducing myself.
After a few years hiatus of novice and intermediate trading and investing, I am getting back on the learning path to maybe find a way to do this for a living one ready.
Currently using Interactive Brokers, Ninja Trader, and Fidelity Active Trader Platforms. Stocks, SSFs, & Futures. Very little options as I seem to royally suck on that front... Outside of typical stocks, ETFs, and related swing trades, also trying to learn (sim) to consistently scalp a couple of points every morning on ES, GC, CL, ZS, and a few other trading short term trend pullback entries but the method/trader combo is far from where it needs to be:-//
So far, IMHO, futures.io (formerly BMT) seems to be one of the best trading knowledge-base centers in the universe.... Kudos to all...
Last edited by spidracer; September 25th, 2013 at 02:20 PM.