Hello Mike and all
I'm from Poland and I'm beginner. Have 9 months of forex overlearning behind (mean 10-13 hours a day). In the very beginning had some success with basket trading based on currencies strength and self developed one based on hedging. But after firsd bigger drowdown dropped that. My most insightfull thing till now was experiment I made inspired by Van Tharp's book - I've tossed coin and entered positions based only on that setting hard SL and TP. It was quite big sample on 3 accounts with slight differences. This idea occured to be breakeven. But I've observed that positions were floating from big profit to big drowdown during running. Wanted utilize that observation but somehow it didn't wanted to work. Then drifted to multiple other strategies and absorbing knowledge. Discovered price action - beginning was promissing but when I thought I knew enough I started to blow accounts faster then ever. Now reconsidering everything again and thinking again how to bite the basket cookie.
It really gives fuel for thinking - pure breakeven is the simplest thing in the world. It requires really hard work to start blowing account. It seems that only slight edge is enough to be profitable. I miss only small piece of the puzzle. I'm determined to find it and I feel I'm close. Forum positive by design like this seems to be proper path.
I'll keep my introduction simple.
I'm a french software engineer working for Apple.
I started to trade 3 years ago. I lost around 5k$ (-30%) the first year, and earned 300k$ (+300%) the two last years.
The beginning was harsh (emotionally speaking). But my experience (bad & good) taught me that in order to be a better trader, you have to trust the data, not yourself. Removing any emotional impact on your trades is the hardest part.
Also, I recently started to develop a solution to trade automatically (or semi-automatically at first). I hope to be able to get and share new ideas on this forum.
Hello everyone, I'm from Argentina, with little experience in trading, I started like most looking and trying different techniques, I was until a few months in a futures live trade room with very bad experience, I was lucky to never exploit my account, I'm here to learn and to be consistently profitable.
My primary language is Spanish and understand English quite well and if not google traslate help me!
I am new to the world of trading. My curiosity in day trading led me here, and I've become very intrigued with the dynamics of trading and the stock market. I currently have very limited knowledge about trading. This forum seemed like the only one that will help fulfill my curiosities with the honesty to teach those like myself. I hope to learn a lot from the members and information found on this site and to potentially make profits from the knowledge I've gained.
Ok, so I have been a member for 218 days according to the forum notification and I haven't even introduced myself. Sorry gang, I tend to be a bit on the quiet side when it comes to posting..... I love this site though and find the information rewarding.... I'm a day trader who trades the 6E and ES more so and use the mighty JigSaw DOM to define my entry points. I typically trade using simple technical analysis, market profile and tape reading for entries. I watch two charts per instrument (long term/short term) with the profile on my JigSaw DOM. Fairly simple. I'm a simple guy and have to keep everything else simple to focus better on price action. NinjaTrader is my platform of choice for it's ease of use and the ability to use the JigSaw DOM with it. I have been trading for over 5 years and have lost thousands and thousands to the market. I typically learn the hard way first I lost the amount of times I closed my account and reopened it just to bust it again. The good news out of all this is the education I have received from all of my terrible mistakes. Coming from the construction world and small business, I had really no one to turn to but the internet and sadly the internet lured me into some terrible strategies and indicators. I even worked for a trading education company (partnered with NinjaTrader to this day??) that ended up being a huge mistake as they not only didn't pay me for my salary or commissions I earned, or the radio station that they marketed their business with, but wouldn't give back money to traders who paid for the education course. So needless to say, I have been through a tough learning curve. My strengths of trading would probably be confidence in my ability to take a trade and my weakness would probably be knowing when to call it quits per my trading plan. It truly sucks when you are a bit down and per your plan you should stop trading. This is where Discipline truly comes in right? Anyways, glad to be here and love the forum Mike!!
I'm from Minneapolis, MN and have worked as a retirement plan advisor/administrator for the past 17 years. I continue to do that as my full time job but have been looking at trading on the side to generate additional income. I joined this community to learn the ins and outs and become a better trader.
I have just read your introduction- funny enough I am myself running a small building company making bathrooms and like you I am also trying to figure out how to make a living out of trading.
And more funny for me was to read that you are into the jigsaw/ninjatrader setup.
After studying all about trading for 5 months now (at least 3-4 hour pr day...) Have I come to the conclusion that scalping with exatly the same setup as you could be apropiate for me.
I wanna also use my gained knowledge about S/R and combine it with the very exciting moneymanagement system told by the POP (phantom of the pit) Have you heard about him??
Anyway would be nice to be in contact!! Or other fellow traders, offcourse
Best from Pjort Denmark
Last edited by Pjort; November 4th, 2013 at 02:46 PM.