Hi, I would like to introduce myself. I started trading over five years ago. I read a lot of information and I told myself I dont want to be the trader who blow up my account in the first three months. So I studied and watched the markets, carefully prepared my strategies, did my backtesting, then my SIM and after three years I thougt, I was ready. But guess what. My first live trading period ended after 2 months. I didn´t lost all my account, but third of my funds were gone. What went wrong? I think the market I chose (FDAX) was too volatile and my funds were insufficient. I stopped live sessions and tried to rethink, made some changes. My results from SIM weren’t so bad but I was unable to transfer them to my live performance. It was so hard to find out that I am not a genius, that I do the same mistakes as everyone else and I cannot follow the simplest rules. You all know that feeling when you start your trading session with the knowledge of what are you waiting for, and sometimes you enter exactly like you want, but sometimes you dont and you wonder why. And you wonder if trading can actually work. It is frustrating that you put in so much effort, but you cannot see some positive results. But like Jaguar52 in some his posts said: you can give up trading or you can put the blinders on and start again. You have huge amount of experience, you know what you want to do, so start simple. So here I am, starting with the basics, focusing on how to keep my psychology in line and looking for the inspiration from other traders.
Thanks to Big Mike for creating this forum (and the reminders to become active in the forum). Sorry for the tardiness but I was swamped. I have been investing and trading for over 10 years. I have been a ThinkOrSwim user for most of that time and have only recently waded into NinjaTrader.
Thanks to Big Mike as well as the many other forum members who have made outstanding contributions.
I have been a futures trader since 2004 primarily US Treasury Yield Curve Spreads. After the 2008 Financial Meltdown, I realized that 1) I didn't know a damn thing about the markets I was trading or for that matter, the economy as a whole 2) If I didn't learn quick I would get eaten up in the new volatile market. I since have dedicated the last 6 years to studying everything I could to give myself an edge.
I have done a great deal of research regarding technical analysis, statistics, data mining, web sentiment analysis etc. I have built a lot of custom indicators in CQG, but I have limited programming experience outside of that. I joined this forum to exchange trading ideas and perhaps get a little help coding as well.
Here is a list of some of the areas of expertise where I can provide some insight if anyone is interested.
DeMark Indicators (very well versed in the entire indicator set)
Data Mining applications
Trading using Principle Component Analysis
Most Technical Analysis Methods
Sentiment Mining from Digital Media Sources (currently work for a company that creates macrosentiment indicators from data mining applications and text analytics)
I'm would be very interested in exchanging research and information for some programming help in Ninja Trader.
My name is Jon and I live in Sweden. I am an opthalmology resident but have started to find trading more and more interesting.
My parents are dairy farmers and are quite poor. When my father got ill with a terminal brain tumour it got me started thinking about how my own economy. I have a decent salory but my fathers sickness and death got me thinkig of ways to improve it more and maybe choose when to work or not (also you make a lot less as a doctor in Sweden than you do in the UK or US).
I started to read everything about investing, portfolio theory et c. But when it got down to it, it isn't for me. It is WAY to slow.
Being a person who thrives on short but intense activities, buying a stock or ETF and check on in once a month is among the most boring things I have ever done.
So I moved down in the time frame. Swingtrading. Too slow. And I HATE to give back winnings wich lead me to jump out at retracements right before they took off in the right direction again.
Swing trading would suit my lifestyle with a full time job and kids best, but I hate to be in the market and not watch it.
So now I am down to intra day trading and scalping.
My trading style is mostly influenced by Macks PAT. As long as I follow the rules it works great. My problem is that I WANT to trade. And I overtrade. So a great day with multiple winners and an account up 3% can I easily bring down to only 1% up by wanting to trade more.
I am also interested in orderflow trading and really wish jigsaw had a trial.
So... my problem is also wanting to try different things instead of sticking and becoming great at one.
I trade mostly the DAX when I can get a glimpse of the charts during the day (VNC from my ipad to my homecomputer) or ES during the evenings. I use ninjatrader with iqfeed for data. I trade using admiral markets CFD account but plan to switch to real futures when I become more consistent (stop doing stupid things). Demotrading doesn't really work for me, real money is a totally different thing. With a CFD account I can trade the SP500 för 1$ a point wich is great for practice.
Hi Mike, hi everyone
First of all, thank you Mike for providing this excellent forum.
I just start trading futures(CL, TF, ES)and stocks 6 months ago,
so I'm still new to everything about trading.
Recently, I expose myself to programming trading, I'm looking forward to
learn a lot from this forum, and expecting that I would be able to make some
contributions to this forum.
Hi All, was a full time trader for a decade back in the 90's. Retirement is under a decade out, I'd like to get back on the saddle and start with position trading.
I need help.
Is there any one here that can help me I find software/algo or newsletter service that tracks close-open gaps and triggers when price falls into the gap (position trading: gap made days, weeks or months ago)?
My name is Ric and I've been a futures trader now for about 5 years. I use to be a frequent viewer/poster on another trading forum that has recently been a bit lack-luster in quality content as of late, so I thought I'd start visiting/posting here.
Thanks for having me. I look forward to getting to know this forum and its members.