I am brand new to trading. I have a very small account and am currently only trading long on stocks. I am interested in learning how to short and I am very interested in learning about options, although I am intimidated by them. I see so much information out there but I don't have much money to pay for all the training so I keep trying to pick it up here and there.
I have been actively trading only about a month. So far I am up around 2% but already have made many of the common mistakes. I have no problem cutting my losses. In fact, I err on the side of dumping a stock at the first sign of trouble. I am working on becoming more disciplined and honoring my stops.
Anyway, I'm glad I came across this site. It seems right up my alley. I am very interested in developing my own Thinkscripts but am also new to programming, especially programming something so technical.
I am sorry to hear that. I am also one blowing account regularly. Finally, I stopped doing it by using stop loss on my each trade. Always trade with stop loss and follow only one or two indicator. That should help you. Thanks.
Hi everyone, I just joined the forum a few days ago. Someone recommended me to the site and I decided to become an elite member!
I've been trading Forex for about two-ish years now. When I started back in 2011, I had no idea what I was doing. I followed every stupid strategy that looked good without understanding it. I started with just trading the crosses of Stochastics. I took a lot of losses that way. Then I moved on to trading the crosses of the TDI indicator, which, I know for some works well. But, for me it was way too simplistic and I didn't like jumping into trades anymore when there is a cross. Then I moved onto another system that was simply based on "if all lights are red, go short and vice versa" and that didn't work out too well for me either.
Finally, I decided to educate myself and understand the basics. In that time I finally found a system that incorporates price action and all the basic fundamentals of trading. It is an amazing system. Now, I can finally say that I am working towards my goal and able to support myself and my family with just trading forex. I plan on leaving my full time job to dedicate that time to trading. The same friend that recommended me to joining this website also showed me Ninjatrader and Futures. I think Ninjatrader is an amazing piece of software, and eventually I plan on also trading futures as well. I see a lot of people on this forum trade futures.
Sorry for my rant, I hope this year we all make it a profitable one for ourselves and for those we love.
Last edited by johnnypips; March 2nd, 2014 at 12:01 PM.
Hi Mike et al. I'm a neophyte to actual trading, although I've been fascinated with financial markets and trading lore my whole life. I'm a corporate attorney (but please don't hold that against me) in my mid-40s, and I'm looking to learn as much as I can from others. Thanks for putting together this community --
I've never taken the time to introduce myself. I am 27 year old male from Austin, TX. I am married with two daughters. I am self-employed, I own a Web Design / Marketing firm that specializes in marketing for healthcare and hospitals. In my past I have raced motorcycles, played bass in a band here in Austin (had our song on the radio), I used to work manufacturing for Samsung creating DDR RAM chips.
In 2004/5 I paper traded the ES, I sat in a trade room watching some idiot blow his and everyones money. I traded for 5-6 months but never funded an account because the margins and commissions seemed crazy to me at the time.
In 2008/9 I bought Ford stock @ $1.80 a share, my reasoning was it was really cheap, they had billions in cash, and didn't take a bailout. In 2012 I sold it all at around $16. I used this to create my business, quit my day job. Summer of 2013 I started looking into emini trading again got a demo and started trying to make it happen!
I opened an account in August, blew it out by Oct/Nov. I have since went back to demo, studied BPA style of trading and worked very hard on myself. I am opening a new account here in the next week or so and will live trade the M6E. futures.io (formerly BMT) has really brought me and my trading the a new level.
The following user says Thank You to tturner86 for this post:
I just joined this evening. I'm a futures trader for over ten years now. I've been through the whole route learning tons of useless stuff, always searching for the right combination of indicators, software, gurus, yada, yada, yada, trying to get an edge. Finally found it with Market Profile and Auction Market Theory. It's been an expensive education and I'm just about to go from paper back to real money after spending the last year+ paper trading and proving to myself I can actually make money now. You know the story, blow your account out a few times looking for the holy grail before the light finally clicks on. Got the mind set and a method that makes sense to me. Also looking for anyone that uses Neoticker. I absolutely love it for my charts. Nothing better out there imo. I stumbled on this site looking for info on the Zenfire debacle a while back. This place is great cuz there isn't any flaming going on. Outstanding!
I just want to say I have read about this forum several times. So I finally decided to check it out. So far seems great. I like to trade the Emini's most of the time. But I do trade Forex USD JPY every once in a while. I am fairly new in trading the Emini's but I do prefer that market. Use Price action. Did a fair amount of studying, ( still am ), Using Al Brooks books and course etc..
after stumbling across this forum a few times over the last years, I have finally decided to join.
I am a 30 yo old guy from Germany, only trading the ES. I began trading six years ago, like most people, with the retail forex world which worked, to say it carefully, not too good During the years I came to futures trading and have sticked with es only, which has become my favorite instrument and I have watched it presumably thousands of hours already. My day begins witch checking market action overnight in the shower...so much for passion (or addiction )
I use mainly wyckoff principles and volume based indicators, value area and reading bars as well as correlation between indices. my trading style involves scaling into positions intraday, keeping initial risk at the same level, risking floating profits for bigger positions than I would have opened initially.
Looking forward to meeting some other people form Germany here as well!
The following user says Thank You to leveraged for this post: