I am not exactly new to trading. I have been buying and selling stocks off and on for 10 years, but I only recently began to try day trading. I have lost a lot of money, then made some, had some too promising success last year, now struggling again, though I have not lost much, yet. I am trying to stop the losses.
I have taken a variety of courses in TA and Elliott Wave. Recently, I bought some indicators from Backtothefuture.com. As far as I can tell, these are useless. They certainly do not live up to the company's promised winning percentages; the work about as well as flipping a coin. I am just looking for a community in which to learn how to do this profitably.
Mark (Bakersfield, CA, but soon moving to Istanbul, Turkey)
I'm recently new to trading. Not sure why it took me so long to jump in, but really glad I'm doing it. Enjoying the research, advice and learning. Spending a lot of time papertrading and that's been really fun and educational.
I'm 45, my dad was a stockbroker for a while and a good one at the time. He ended up going into another good business and never had the chance to watch him as I was too young. It's regretful that he never taught me any of the strong fundamentals, but I'm definitely going to change that and teach my kids, if I can get my arms around it and profitable. They are the reason I'm really doing this. Love to teach them a life skill and have some extra pocket money... Disneyland's getting expensive!
Kind of confused on what market(s) to focus on. I have a friend who's focusing on options, so I've dabbled in that. I also have been going through Top Dog's beginner's course 1&2. So far I like what i'm learning. The idea of day trading (for a few hours in the AM) on the ES e-mini seems interesting. Looks like I can get my ass handed to me pretty quickly though.
Sorry for the rambling guys, just kind of cool to join a stock forum and chat. It's like having a financial therapist!
I've been a full-time trader for six years now. My two trading partners and I have a goodly amount of custom programming done (We're lazy and try to have the computer do as much work as possible). Believe it or not, after I signed up for Elite I went to the Indicator download section and found two indicators that almost exactly match a specification document we were planning to send to our freelance programmer that day. So, in appreciation, I thought I'd upload one of our custom indicators that has saved my butt more times than I can count.
I'll start a thread to explain how we use it, and I'll also present a simple setup with it that's one of the ones that's helped me avoid having to earn an honest living. All of the other required indicators for the setup are either free NT ones or ones in the Big Mike download library.
So, I've found the upload instructions and as soon as I read them and figure out how to link the indicator thread to an instruction thread, I'll post it. If you're interested in finding it, I think I'll call the new thread, "Newcomer bearing gifts"
The following 2 users say Thank You to fishfry for this post:
I'm Ninja platform trader for ca. 1 year. My trading experience is ca. 10 years.
I've developed a good trading concept that requires Multiple MA for higher time frames
as well as lower time frames. Tested it using Ninja Forum indicator "xcMovAVG".
I can not write in C# and on the other hand the "xcMovAVG" is not programmed quite well.
I'd gladly share this trading concept and would appreciate if some of the members contact me.
My name is Richard Sobe. I am very new to day trading. I was recommended to this site by a friend of mine whom I asked for advice on how to get started in day trading. I am basically at the kindergarten to first grade level of learning this type of money making. My friend loaned me a book called "One Shot One Kill Trading" by John Netto, which I've read almost to chapter 3 so far. I've purchased "Trading Beyond the Matrix : The Red Pill for Traders and Investors" by Van Tharp which I have not yet had the chance to start on. I've also been reading "Think and Grow Rich" by Napoleon Hill which has been helping me get into gear to start making the money I want to make to become successful at all of this. I have ThinkorSwim downloaded but have not had a chance to work with it. I understand the thing about eliminating emotion to make this work with respect to trades. I also understand the part emotion plays in being used to set oneself up for success. So I'm glad to have been informed of this forum and expect to learn alot from the discussions here. My day job is computer repair, mostly residential, and some businesses, mostly onsite work, but some in shop too. I'm wanting to learn the day trading to where I can get away from the computer repair business. It just seems like a better way to make money. Thank you for allowing me to participate here.