I just wanted to quickly introduce myself. I've been trading (inconsistently) for a few years now, mainly forex and more recently stocks. I stopped trading forex about a year ago due to time constraints with my work.
Now I'm looking to build my portfolio to be able to start day trading and make a living out of it.
Feel free to send me a message if anyone wants to talk stocks.
Although I already introduced myself here, I would like to ask if someone can recommend me what should I trade if not FX. Many pages states that the FX is much more unpredictable than other markets. So here is the question: what should an unexperienced trader trade with a relatively small capital to feel the life of a trader? Thank you for the answer
Broker/Data: Multiple broker + Multiple feed (for access to specific exchanges)
Favorite Futures: European Indices, Precious Metals, Energy
Posts: 423 since Dec 2013
Thanks: 204 given,
Hi I cant remember if I introduced myself here.
Hello or Hello again I'm Sand, and I've been trading live only for the past year on and off building up my account and my knowledge trying to not get wiped out same as everyone else :-) last few months I'm just reading and studying like crazy to try and improve my knowledge and not become a statistic. Primarily out of the mistakes I've made that have lost me money and the successes I've had that I wish to emulate again. I think journalling has helped a lot personally to make my method more mechanical.
My background is 10 years experience in a institutional trading environment, where I priced and modelled exotic derivatives and was a technology head and built highly distributed grids for realtime risk calculations. After working for many years and understanding the products I felt it was time to do something different and see the environment from the other end of the cannon and hence I came to the world of professional trading.
I plan on sharing my knowledge and am eager to be a heavy contributor and to also learn from the experienced traders and educators here.
The following user says Thank You to sands for this post:
I've been trading stocks, ETF's and occasional options seriously for about a year now, since I retired. My results have not matched standard benchmarks, so I'm working on improving my game. I covered a lot of terrritory in the past year, and am still looking to settle down into my own trading style. I'm particularly interested in techniques that employ a statistical edge as part of the methodology, and in using models as a jumping off point for discretionary trading. -Dave
Looking forward to day trading ( newbie to day trading)
I have been swing trading for past 2.5 to 3 years. Have made moderate gains and made 1-2 mistakes that have caused me substantial losses ( did not put a stop loss) ( bet all my accounts worth in 1 penny stock and stock got manipulated by the insiders) so I believe.
My thoughts about myself
1. I have found that my style is best suited for moderate risk to high risk trading. ( I don't have the patience to get in a trade and swing it for weeks or days) ( any stock 0.0001 to $ 5 interests me immensely)
2. Short goals ( 0-3 days) best suit my trading, any longer I start to question my own entry and what I was thinking!!!.Ha ha
3. Biggest profits I made so far was $4000 in 20 mins in 1 trade. Second biggest was $1200 in about an hour in 1 trade.
4. Any profits worth mentioning were made in matter of minutes ( day trading so as to say)
5. Since my account has less than $25k I cannot exit all trades within minutes or the same day. ( I make certain exits the same day only when I have made good profits or feel the stock won't be worth holding till next day and also I have enough trades left to not get in the Patterned day trader situation)
6. I have enough resources to fund my account to make it above the required day trading amount but I am still not sure if I can be successful in day trading.
7. Trading was never a part of my past and only came to my on a whim so my beliefs about making a living from trading is very shaky. What I have learnt is all self taught and so far swing trading seemed to resonate with what I was doing .. Having a job or a business and trading on the side like a hobby or semi professional but not depended on it.
8. I know there will be some mistakes in store for me but I am pretty sure that day trading is best suited for me. I like to treat myself a complete newbie and learn from others the ins and outs, charts, setup, indicators, what to look for and how news effects etc... In short everything a day trader needs to know why, what and who will affect his trading for the day)
( some of the profits I made were in stocks less than $0.10 which can be easily manipulated and have nothing to with trends or charts) it's all about getting in and out at right time. ( it's not calculated trades,looking back it was more like a gamble and you can't do that every day for a living)
With day trading I hope to change that and deal in sticks from real companies, make small profits and few mistakes on the way and when I look back I can at least get satisfaction that it was a trade and not a gamble)
Looking forward to learn and share everything and anything about day trading.
Hi my name is Serj I'm 58 years old, and I'm just joint in Big Mike Tradig, LLC to learn about trading and start trading and I hop that you can help me be start and learn trading marketing teqnics. Like every starters I need a good coach, please help me to learn more from you. Thank you Serj