I don't even know if this will get to you but thank you for your kindness in welcoming me in to your trading group. I have been going at it since the rooms of Hotcomm and I used to work with Ray when he had the idea of making a front end and that was exciting because, as you know, we are in the trenches and engineers CANNOT make great trading software-PERIOD. As mush as I should stay the hell away from anything that needs mechanical precision.
So I gave him all the things that were horribly wrong done with the best intentions. It was a long time ago and I am glad he finally found some consistency yet it's impossible to be on top of every techno advance out there. I enjoy trading EVERYTHING and ran rooms a long time ago but had to give that up because I just couldn't say no to people who were close to greeting it. Some people spent weekend night on the phone with me 20 years ago until it all clicked and I HAD to pass that on--Pay it Forward I guess.
I started a music website in 1995 and flew up to my old home in Seattle to get the 41st merchant server ever issued by Microsoft to do commerce on the internet. It was the wild , wild west and extremely exciting. About 7 of us busted down doors and pounded pavement to advertise on this new thing called the web.
If Sir Tim Berners-Lee would have never walked away from the "Super-Collider" in Cern Switzerland, who knows where we would be. I sold the merchant server to Billboard and kept a fraction of everything that was rung up and after the years it spent at Tower Records, well I never found it again to collect but it was the excitement I truly most enjoyed.
That is what trading does for me and as far as discipline...well I have the patience of a bipolar flea after 2 pots of coffee and I always made my money trading outside of the box. Trading with nothing but 2 blended indicators then only from price but I get too influenced by the TRIN and everything els that is moving I really prefer the silent slow progression of the indicator and I can tell exactly what the price is at any given moment and that is what I like about it.
Last summer a friend gave me a "tradency program" a couple days before I left om a family reunion. I kind of new what it was but I thought what the heck. At the time I was not familiar with the FOREX as well as the other products but all you had to do was turn it on- and thats it-come back in 4-5 hours and there is a huge pile of cash out of nowhere. That first night I turned it off and felt dirty and I gave the money to my nieces and nephews for their education but THAT is what WE are up against now.
I have been battling a few health problems from beating my body to a pulp when I was younger and it keeps me from maintaining any consistency on a daily basis to trade. Some days takes me 3 hours to finally get out of bed but I am alive and kicking and will be rebuilt shortly.
I LOVE YOUR DEDICATION AND SOMEHOW WHEN I WAS READING OVER THINGS I HEARD YOU SPEAKING WITH ANOTHER TRADER AND APPLAUD YOU FOR YOUR PROFESSIONAL ACUMEN YOU HAVE GATHERED OVER THE YEARS- ooopps- sorry for the caps and I'm not going back to type it over!! But your integration of trading skills as well as listening to the world and what might "possibly" happen on any given day, You are dedicated, generous from what I heard for well over an hour and tremendously curious which I find to be the most remarkable trait I could pinpoint in that time.
I have met allot of "pro-traders" over many years and the charlatan train of bozos never stops and to know you are out there made me tremendously happy. Money is a very, very funny thing and is capable of destroying the absolute strongest bonds and why I find your selfless attitude even more the remarkable for what you do for a living .....AND>>>>> help others to potentially reach some form of financial independence. You are a fine man, that I am sure of!
More rare blood tests and cuts and fixes for me but there is nothing I like more to relax than to focus on 1 thing and as you do, help others make money. I feel blessed I was able to be that fly on the wall-- wasn't planned I assure you-- but will forever be grateful and when I CAN drop in on you I hope yu won't mind one more person at the table!!
Be very well Mike and best regards to you and all those you love~
Been studying for awhile, thought I was ready to wrangle. Found out I wasn't after blowing out an account. Back to studying and was able to stumble on this forum via stocktwits. Thankful for the founder of this forum and all others offering up their advice here!
Hope to learn and earn at some point in the near future...
What a great forum! Thanks for setting it up Mike, this is the first trading forum that's ever felt right to me. Really great info and community you've all built here.
I've been trading retail FX off and on since 2006 (I miss the carry trade!) as well as a few metals. No big blowups, but no big wins either. In the past when I considered the time I was spending trading to the return I was getting, it didn't seem too worth it, so I concentrated on my career and just put it all in index funds. Now that I've got a little more risk capital, I've been thinking of getting into the e-minis, and that's what led me here.
I'm a former network/tech nerd, but not particularly interested in automated systems or the like. Primarily I've been paper trading the ES, NQ, and ZN. Just scalping the early part of the session with one contract using candles and a couple EMAs. Usually take about 7 or 8 trades total on a good day. Been making some paper gains, (using the ThinkorSwim papermoney app) but I know that the fills I'm getting on paper won't translate too nicely. Looking forward to improving my trading and contributing to the community!
I am new to this website futures.io (formerly BMT). I started trading since Feb 2013, I lost a lot of money, which I keep saying to myself it's EDUCATIONAL tuition. But the problem i can't learn why I am keep losing money by listen to radio and watch TV ( jim cramer's show) most of my trade I bought and the next day or two i got slap down, and have to sell as lost. i am hoping from this forum i will learn more and how to trade. I used TD (think or Swim)
Thanks all in advance for the help.
Forevesong / AL
Been reading futures.io (formerly BMT) for a little while...great forum!
Have dabbled in options for few years & want to try futures.
Looking at few platforms, one of them being R Trader.
I need a server side order supporting platform.
The plan I have in mind is as under:
I plan to clear my position at the end of the day.
I have the following scenario:
Based on certain analysis, would like to do the following:
a] Long or short Emini S&P 500 (ES), Market on Open (MOO).
b] Setup a stop-loss for movement of certain points....example of this: MOO - 5 points (for long) OR MOO + 5 (for short).
c] If stop-loss not used, close with Market on Close (MOC).
I plan to do on a daily basis. Can b) & c) follow automatically once a) is setup every night? (something like a server side actions as a default).
Basically I'm looking for server side orders.
What this means is that once a buy/sell order is placed MOO, a pair of
linked stop loss & MOC orders are sent to your servers.
These orders sit there until either one is hit, & as soon as one is hit, the other one is cancelled (OCO).
Appreciate if someone can provide some input.
New to trading and (4 yrs now)... Started out in FX and now trade futures, primarily CL. Looking forward to absorbing as much of the information here as I can and getting a chance to get to know some of you. Always look forward to meeting fellow traders in the Dallas area so if you are in my neck of the woods drop me a line and lets compare notes!
It's great to have a forum for the little guy. I've been trading with EAs or Algos , Robots on A VPS for a year. It's not easy to know where to start , which instrument to specialise in. what tools of the trade to use that's why I'm here.
I would like to share my passion of trading with others too. Trade the plan plan the trade ect. thanks