I go by "DJ" in my everyday life.
I am a university freshman, studying business management and planning to focus on quantitative finance.
I began trading in the second half of my senior year of high school. I started slow, reading books by Graham on value investing. That was until I met a trader who was enjoying more than moderate success (at such a young age, he was a junior in the same high school).
Because of my exposure to him and his experience, I ditched the investing literature and immediately purchased a good money's worth of trading literature. I started off of John Carter's "Mastering the Trade: 2nd Edition" and then I moved onto the "Trading Price Action" Trilogy by Al Brooks. I was cutting class, skipping entire days of school, neglecting my social life, and performing major reorganization of priorities all to study, learn, adapt and evolve into the trader that I wanted to be.
My strategy at this point has become purely whatever price action knowledge I have gathered from Al Brooks.
I was originally a day trader, focusing on the 5m and 1h timeframes but because of time constraints that university life has placed on me I am now a swing trader on the 1d and 1w timeframes. My preferred instrument is the stock option although I would like to learn commodities and other derivatives.
I hope to consume and incorporate as much knowledge as I can from this forum.
Me... I'm a wife and daughter of a 3rd grader. I've been interested in day trading for about 5 years and just pulled the trigger. (New Years Rez). I Opened up an account w Ninjatrader brokerage. I am interested in the emini markets, and I sim-traded for a couple weeks and did really well. I started live trading last monday and was up and down a couple hundred bucks and finished down $212 yesterday. I am not looking to get rich, I would just like to make some additional household income. I'm reading a ton of material and watching youtube vids. I am a sponge for info right now. As a beginning trader I'm aware that I am vulnerable to lots of stuff and I am just trying to avoid as many mistakes as possible. I want to weed out as many bad decisions as I can. LOL! Here is what I've been looking into.
1. What are the best book/books/videos/articles to understanding Charts? (support, resistance, best indicators)?
2. I would like to sit in on a great live trade room. Which ones are legit and best? (currently doing a couple free trials w Rios tradelab and viewmytrades.com)
I appreciate any help I can get from you guys that have been doing this for a while. What advice would you give to yourself if you could go back? haha.
My name is Alex. I'm an active futures trader. Before futures I used to trade forex, however I found that the E-Mini S&P500 more appealing and profitable for me when it comes to trading intraday. I joined the forum to because one should never stop learning and sharing.
The following user says Thank You to ITradeDaily for this post:
I bought my first stock over 50 years ago, but only have become a serious trader when I began nearing retirement a few years ago. I've explored a variety of trading strategies, but now that I actually am retired I'm shifting more towards income investing.
I currently live in San Francisco but am moving to sunnier Palm Springs.
Hello all. I am brand new to this. I just started buying dividend stocks for long term investment last November and wanted to learn how to start making money now in the market. Not just building a long term portfolio. I asked for more information from a commercial on CNBC and was introduced to the emini and buying and selling futures contracts. The education offered was around $1,000/mo or $5,000 for a year. That seemed very expensive and a big amount to overcome every month. I have been watching you tube videos for the past 3 days and trying to learn as much as I can about indicators and even the basics. I haven't signed up as an Elite member yet, but I am considering it. Still trying to consider if this is something that I have time to devote learning enough to do it. I am a Realtor that does ok but interested in a way to make additional income.
Thank you for having a place to ask questions. It seems that all of the youtube videos are trying to sell a system of charts and indicators.
I was trying to approach markets for about 10 years now, started with forex part time then moved to futures, anyway was not serious about it until now. Hope to become a part of traders community, learn to trade and make it my career.
Hi, my name is Jeremy. I took my first trade in 2003 and have been interested in and unprofitable with it ever since. I'm looking to learn and understand what it means to trade profitably. Looking forward to working with you all in developing understanding and profitability!
Hi, I've been trading on and off since 10 years - mostly losing because of unidirectional thinking. This site and discussion are amazing and better than reading books. Looking forward to learn and share. Thank you.