Just thought I just finally throw a post up here to introduce myself. I getting back into trading full-time after taking about 2 years off. I was a successful prop trader from 2003-2009, mostly trading equities. Being in a prop office certainly had it's benefits, but the office closed in 2009 and I moved. Lost my direction and passion for the markets for a couple years (and it was reflected in my results). I'm really excited to be back, I have moved into a small office away from home so I can focus. The one thing I know I needed was a sense of community. When I was trading, it felt very alone. I accept that this is a solo endevour. But this is a great community here and I'm learning a lot by reading the posts.
I'm a day trader in the ES. My style is really waiting for 1-2 moves a day. I would like to build myself into as position trader and hold for longer moves. Anyways, it's great to be here. I hope I can add something to the mix here. Thanks Big Mike!
Hi, I am as green as a lime when it comes to trading. I have no idea where to start or what to trade. I'm 55 yo and figured maybe I might learn something new to help me invest in my future. Any pointers is greatly appreciated. Thank you in advance. There seems to be a wealth of information on this site and I pray it doesn't overwhelm me. CHEERS to learning to trade!!
Yes! It's not to late, turn around and run away as fast as you can!
My advise is to study those charts over and over again, and re-program your mind that when you are losing money its considered in investment not a lose, you will be doing a lot of investing in your new business and quit a bit. Money management is one of many and I think the most important key to help you open the doors for success in this business. No money no business!
The following user says Thank You to afranco562 for this post:
New to trading. Doing a lot of research. Like learning a new language. Someone recommended this site and a couple of others have not spent much time here, but may in the future. Basically plan a playing the USD/Cad. Good Luck to all and thanks for any guidance and hot tips.
Iím a beginner, but not quite new to trading. Was trading decently during 2002 and then recession hit and started to loose, so I guessed I was doing well simply because almost everything was going up those days. I was going long only.
For various reasons I stayed away for many years. Bought MetaStock 11 a while ago and later upgraded to rev12. Watched a good amount of tutorials, back tested some of the preloaded systems, played with modifying them, but basically never applied it for trading and then neglected it for at least one year. Few days ago decided to get back to work and finally use it.
I started by reviewing some old tutorials and checking some new ones and found a video presentation by Barry Burns of his top Dog trading method. Trying to find more about his method, I discovered this forum and here I am hoping to even find answers to questions I donít have in mind yet.
The information here is overwhelming; one needs discipline and time to get some sense out of it. Looking for direction.
Hey all, my names Lorraine Pierce, and I've been interested in trading for YEARS!
Tried last year, but did NOT put in the time needed in studying and learning. Lost a few hundred and quit.
So this year I decided to learn as much as I can before losing money!
I have the 3 legs of my trader stool secure:
1. Pscychology - it's not a casino. I'm not giddy and pulling the handle every 5 minutes.
2. Strategy - I have a written strategy that I am testing with certain indicators and time frames.
3. Money/Risk Managment - I'm using demo accounts right now, but will only risk 2% of my money per trade once I'm using real money. I'm doing this now with my demo.
I'm happy to be here on the forum and hope to learn a lot and be able to give back.
My journey has just begun.
One thing I think that is important in trading is your "Why?"
Why am I doing this? Why bother?
My "WHY" is that I want to earn 100k to build a home for my 2 adult sons that have mental retardation. They are technically my step sons, but I'm their guardian and the only mom they've ever known. I raised them from ages 3 and 4.
My goal is to build them a home in our neighborhood that they can call their own. They moved out of my house about a year ago, and although it's a great home with full time staff, it's just not the same as being in the neighborhood where they have friends and family.
God knows my goals and my heart. And I pray that he leads me to the right strategy and mindset to make this work.