I just stumble onto this forum late last night and I would like to introduce myself. I have been trading about six years now. I started out trading full time by telling my wife I would quit my job and told my boss to fire me during my performance review. He thought I was crazy and he did obliged my wish. My first month I made $2000 and I was so proud of myself. Thinking back I was a FOOL to do so. I know trading would not be easy but I had no idea how hard it would be. I shoud have kept my job and learn slowly. Like most traders I have blown up my account and now starting over again. In my early days I trade food stock, then oil, and now settle on futures. I hope to learn from everyone here and will contribute with some of my trade setups. Thanks
The following user says Thank You to Buddha for this post:
just trying to add a thing or two to my trading...always looking for new ideas.
Been trading the M5 on cable, fiber, yen, e/j, g/j. But mostly the fiber due to the low spread. Trade on pullbacks with trend using bollinger bands, 21 EMA, and 50 SMA. Works pretty well on the SPX, YM, and QM but been going with what I know and works. Keep up the good work.
I was very glad to stumble upon this site. There's so much information and lots of different points of view: great resource.
I'm new at "day trading". I've been online trading (tdameritrade) for over 10 years now and have been interesting in trading but never felt the tools were available to us "outsiders". Now, it seems there's a somewhat level playing ground.
I've heeded the tons of advice and did not quit my day job, have not borrowed money from friends/family to fund my account and have set realistic expections of "success" for my 1st active trading year: not to lose all my money in my account.
I've created a business plan and plotted out my major milestones/accomplishments for the 1st year (I'm a Project Manager by day). Now I'm trying to work out a trading system or strategy that works for me. I don't believe in relying heavily on indicators alone. I believe that price action and understanding what's going on between the bulls/bears should be a foundation for my trading. But hey..what do I know..it just makes sense to me. I've been using NT 6.5 w/ real-time data to do sim trading mainly during off hours and Sundays and have been averaging about $50 - $100 per session trading the ES (3 contracts 3-4 ticks gain and then out). My ultimate goal is to make about $300 per day by the end of my 1st year (Dec 2010). Not sure how realistic that is but that's what I'm shooting for.
I'm here in Seattle, Wa so anyone in the area shoot me a message if you want.
Here to successful trading in 2010!!
The following user says Thank You to carpathian63 for this post:
I have been around for a while, trading. I focus on price, s&r, price patterns, momentum and use range bars.
I think mike (ctl-break?) traded with me a while back. I use indicators as an added confirmation, and so rely mostly on price and where it is, and how volume relates to it.
I have studied with a few good traders...and learned a few good methods. Currently I run my own trade room, and mentor struggling traders to help them get back to simple and off the roller coaster.
Don't have much to conmtribute, don't program, but I am availble, through this forum, to answer any questions.
The following user says Thank You to Jaguar52 for this post:
I am a UK based novice trader currently on holiday in Mexico to escape the endless British winter.
I started trading in 2005 initially learning Point & Figure charting with DWA in Virginia.
I then became seduced by the Dark Side and started trading options via Think Or Swim.
I had what can only be described as beginners luck. Using a combination of market analysis from DWA and IBD using Weekly and Daily charts I ran my account up 50% during 2007. However they say never confuse brains with a bull market and so I gave it all back in the heavy days of volatilty in 2008. I then realised I did not have a trading plan or money management in place and my chart reading skills needed to improve dramatically. I took a sabbatical in 2008 as my business suffered dramatic demand destruction in the recession of 08 and 09. In April 09 I took courses with Online Trading Academy in the UK and there formulated a trading plan and incorporated strict money management rules into my trading. I am now trading equities on a small scale to improve my trading skills.
I found futures.io (formerly BMT) indirectly via Brett Steenbarger. In his book Daily Trading Coach he speaks very highly of Ninja Trader and when I googled NT reviews up came futures.io (formerly BMT). I have read with great interest the threads on the pros and cons of NT and most recently I have read all the threads on the Al Brooks method and as a result have ordered his book and have downloaded the PDF's available on this site.
I am impressed by the courtsey and professionalism shown by the members of this forum and look forward to being a part of it in the months ahead. Too many forums are incredibly negative and at times quite vicious in their comments about each other and about trading in general. Indeed some people post so much I wonder if they actually have any time to trade at all! The way that the Al Brooks thread developed I found absolutely enagaging and I look forward to taking part in other such valuable efforts at mutual education in the future.
The following 2 users say Thank You to BDRPPLIR for this post: