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Introduce yourself here!
Started:June 10th, 2009 (08:43 PM) by Big Mike Views / Replies:529,692 / 7,056
Last Reply:Yesterday (01:06 PM) Attachments:50

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


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Introduce yourself here!

Old August 24th, 2014, 07:47 PM   #5171 (permalink)
Trading Apprentice
Lansing, MI/USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 1 since Jun 2014
Thanks: 2 given, 0 received

Thanks Mike and all!

I'm Robert B., and pretty new, but not brand new.

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.

Best wishes to all!

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Old August 24th, 2014, 10:35 PM   #5172 (permalink)
Elite Member
Gatineau Quebec Canada
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: Stocks
 
erobertsonag's Avatar
 
Posts: 107 since Aug 2014
Thanks: 68 given, 78 received


mfbreakout View Post
Jim Dlaton books are great for CONTEXT and have practically zero value for execution ( IMHO). A quote from Jim Dalton " I am not a market profile trader". I heard this from Jim dalton during a Q&A session in a webinar after i had invested 6 months of intense time in Market Profile. This does not mean my study was a waste. It took me a while to understand Jim's point. He has many, many excellent webinars also availabe over the net. I listened to them again and again whenever i get time. For exeution- read Mark Fisher book " The logical trader".

My premise is that futures are easier to trade. There are many , many reasons for it. I trade Russell, NQ and commodities. Stay away from SPY.

Futures VS Stocks. Let me give you an example. I know some traders who are properiteary traders at SMB capital- one of the very fine firms. They all day trade stocks. Per Mike Bellafiore ( one of the partners at SMB), the firm interviews every year 100's of traders for her prop desk. They been doing this for over 15+ years. So, they have this selection process to a science. What are the results?

Each year if 10 are selected for 9 months training program- ONLY 2-4 are left by the time training is finished and LIVE trading has been under way and the numbers even go down further after a trader has been trading LIVE for a year.

This does not mean if these traders were trading futures, their success rate willbe higher. The point is to present what's out there. After all said and done- an equity trader has $1 million trading line ( typically successful traders get after 1 year) and considered very successful if they clear $ 1,000 to 1500/day.

A future trader can blow these figures out of the water with $1 million trading account.

There are many journals at futures.io (formerly BMT)- follow them and see if it makes sense. Regardless of whether one is trading futures or individual stocks- keep daily market internals FRONT and CENTER. I did not see these mentioned in your trading plan.

See attached chart.

and for Mark Fisher method, i present INTC chart with today market internals. Strong stock plus +market internals- go long. Some stocks make strong intra day moves even without +ve internals but i like when they line up.

Hi MF,

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 ?

Again, many tx erobertsonag

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Old August 25th, 2014, 05:35 AM   #5173 (permalink)
Trading Apprentice
Bratislava/ Slovakia
 
Futures Experience: Advanced
Platform: Ninja Trader, Meta Trader
Favorite Futures: Gold
 
Posts: 2 since Aug 2014
Thanks: 0 given, 1 received

Jesse


Hi
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.

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Old August 25th, 2014, 06:13 AM   #5174 (permalink)
Trading Apprentice
Lostwithiel / United Kingdom
 
Futures Experience: Beginner
Platform: IG
Favorite Futures: Forex
 
Posts: 1 since Aug 2014
Thanks: 1 given, 0 received

Hi

Just listened to a webinar on youtube and subsequentely led to this forum.

Hope to find some solutions as to why i always lose all my money.

Have racked up account by 10 times quite often then lose it all in a week.

Need to solve the problem as do we all.

regards

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Old August 25th, 2014, 05:27 PM   #5175 (permalink)
Elite Member
Syracuse, NY / USA
 
Futures Experience: Master
Platform: TradeStation, TOS
Favorite Futures: Options
 
tradingology's Avatar
 
Posts: 1 since Aug 2014
Thanks: 3 given, 1 received

Always a beginner

Futures Edge on FIO
Hi all...

My name is Dave...

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.
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Old August 27th, 2014, 02:12 AM   #5176 (permalink)
Trading Apprentice
GUWAHATI ASSAM INDIA
 
Futures Experience: Intermediate
Platform: ninja trader, tradestation, marketdelta,metatrader
Favorite Futures: Rupees
 
Posts: 1 since Aug 2014
Thanks: 0 given, 0 received

HAI TO ALL

I am from India and new to FUTURES AND OPTIONS, hope i can learn quiet a bit from your blog , it looks great here & u have done a wonderful job. Keep it up.

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Old August 27th, 2014, 10:18 AM   #5177 (permalink)
Elite Member
Cleveland, Ohio USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Favorite Futures: Oil Futures
 
Posts: 1 since Jul 2014
Thanks: 2 given, 0 received

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.

Harold

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Old August 27th, 2014, 05:05 PM   #5178 (permalink)
Elite Member
Stavanger, Rogaland/Norway
 
Futures Experience: None
Platform: traders-hideout
Favorite Futures: eur/usd
 
Posts: 3 since Aug 2014
Thanks: 22 given, 0 received

To know the beginning you have to start With the end.

Hello everybody

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


Artige Art


Last edited by arthen79; August 27th, 2014 at 05:13 PM.
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Old August 28th, 2014, 12:04 AM   #5179 (permalink)
Trading Apprentice
San Diego, California
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: Russell, Oil, Gold, Grains
 
Posts: 1 since Aug 2014
Thanks: 0 given, 0 received

Hey Big Mike

Hey Mike!

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!

Thanks a bunch!

Jon

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Old August 28th, 2014, 12:18 AM   #5180 (permalink)
Trading Apprentice
Ellicott City, MD
 
Futures Experience: Beginner
Platform: Tradingview
Favorite Futures: Stocks
 
Posts: 1 since Aug 2014
Thanks: 0 given, 0 received


I am Joe. Noob trying to lean trading with paper money.

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