I don't have any Holy grail. But I might have a little something. I've been trading with Adam Beeler on Direction trader (his website). I've been losing money, but I'm not sure he is. I trade with him live and try to work at the same time. I have had some nice winners, but I've had too many losers and had to refund my account. I still recommend his site because A.) It's fun B.) I think if you trade with him and don't miss trades like me, you may come out ahead. C.) I've learned a lot.
That's my contribution. I could speak about stochastic indicator or some others but. A.) It's probably been discussed a hundred times on here, and I don't really know that they help any. It seems to me all indicators just seem to tell you what just happened. Well, if you were watching the chart you just saw that anyhow. I'm still trying, and learning though, so maybe I'll discover something.
Again many tx for the numerous advice. I am starting chapter 6 (Intemediate-Terms Auctions) of Market In Profile with about 32 pages of hand written notes as of now. I will get into the Logical Trader as soon as I am done with Market In Profiles. Tx for the difference between context and execution, I do understand better now.
As for Market Internals I was using the TRIN in the past (in older trading plans) but I agree, I have 0 market internal to follow in my most recent trading plan. I guess that Mark Fisher will guide me as of the most effective markets internal to follow.
INTC is one of the stocks I was following last year and that I did trade. I see you are looking at many volume related internals and advancing/declining related internals, I am looking forward to add some of these once I will digest the 2 books ...
As for Jim Dalton webinars, I have see that he has numerous on his website under Recorded Webinar. I will have to check them all, they all seems very nice !!!
Tx for the note to look at journals of futures.io (formerly BMT), but for now I want to focus on the books, I need to understand and catch how markets behave and work prior to look at charts again. What do you think ?
I started live trading about 5 years ago intraday with e mini Ym using price action onyl.
Now I trading long term commodities and sometimes stocks by combinate fundamental and technical analyst.
Last 3 years Im do it for full time.
My first stock purchase was 10 shares of Syntex in 1974 (maker of the 'pill') made $ - was hooked...
Traded call and put debit spreads on the OEX in 1987 before the crash (broker: Kidder-Peabody)...
Learned the important lesson of Volatility during the crash (but did not trade it)...
Was mentioned in an article in Barron's in 1987...
Developed a proprietary indicator (I still use today) based on price and volume in 1992...
Trading account wiped out twice (once in $100's of thousands ouch)...
Came back again and again and again and again and again...
Re-published Richard D. Wyckoff's (using pen name "Rollo Tape") book on trading...
Traded futures, option, complex spreads, etf's heavily for 7 years (2004-2011)...
Created a training program called Trading As A Business (aka Trading Pro System)...
Most $ made in one day trading (real money acct): $47,692.27...
Since 2011 trade only options using a variation of a box spread ...
I'm now what I call a Lifetstyle Trader (I trade profitably and stress-free ...
I don't usually "join" things but like Big Mike's style :-)
My favorite quote:
"When it comes to the markets... it doesn't matter how long I've been trading, how much experience or knowledge I have, I'm always a beginner." - Richard D Wyckoff
Glad to be here - looking forward to learning a lot and helping when I can.
Last edited by tradingology; August 25th, 2014 at 08:08 PM.
The following 2 users say Thank You to tradingology for this post:
Hello everyone. I am a new subscriber to futures.io (formerly BMT) and new to following threads. I'm sure I will make some mistakes but I am looking forward in learning and participating in this forum. Good trading to all.
To know the beginning you have to start With the end.
1 I would like to give a BIG THANKS to Mike, for shearing years of experience, hard Work and Knowledge for people like me
And Giving me The Chance, to learn How to use different tools the right Way!!!
I dont Even have the Words for IT, but for me personally, IT is PRICELESS! !
Well anyways, some bits and pieces about me (besides what's on my profil so far);
Arthur Henry Idland is my full name
Been With my girlfriend (Marte) for over 5 years.
We have a 1 year old Boston Terrier dog (Django)
My experience in trading: a couple of years learning the basics all together. So No experience at all, trading With real money.
Im still in a stage, where I am starting to get the pics of it all. With the help of which tools to use. But the hole picture is still blury for me. So what i NEED for myself, is to learn How to use the tools properly.
Im still trying to find my own Words in all of this. I know I still have a long Way to go.
So I think The best ting With this forum is that, it's easy for me to reach out to u guys If I NEED some guidance(hopefully).
That's what I have for u now, so again thanks everybody for letting me be a part of this
Last edited by arthen79; August 27th, 2014 at 05:13 PM.
I am an active service member in the US military and have a B.A. in International Studies. I have been looking into trading for a while and constantly look for ways to develop a sound strategy before I start trading with real money. I currently work in a job that takes any time I may have to trade, so as of now I spend a lot of time researching and planning for the time when I can start trading. I'm always excited to learn new tips and techniques from experienced traders. I'm even more excited to jump into this forum and see what i can learn!