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.
Hey guys, I'm your generic wannabe trader looking for information to help me in my quest.
A few guys may recognize the permanent trial member on topsteptrader, yeah - that's me alright.
I'm here looking for resources that may help me achieve what I want.
As for the why?
I'm doing what little have been able to accomplish.
Make money while being a starved monkey. Wish me luck!
I'll be asking a lot of questions, so stay tuned.
first post here. New to the futures.io (formerly BMT) forums but have been trading full time for a couple years now and doing pretty well. Got on here to get more information about cumulative delta and a few other random things. Figured i could learn a bit. Sitting for CMT L2 in May. Like to trade leveraged stock scalps off volume profiles and getting more and more into futures trading all the time.
I think this ismy first post but I will have to check. I am fairly new to Bigmike and been scrolling many threads searching for information. I am new to trading futures but have experience in forex.
I have just began using sierra charts and I have to say it is very confusing at first.
I have to say that this website seems quite confusing although it has an immense amount of information. As a newbie I can't help feeling swamped by the experience on here and I often shy away from even replying to a thread because everyone seems to be so informed of everything. Then the thread says see here ( another thread ) then there are many examples of what people do etc etc but it often takes about 5-6 searched to gather information which I then loose sometimes.
I hope that my experience on Bigmike especially as an elite member can be alot better than it has been so far.
I hope to break out my shell and literally start pming people if I can't finds the info I want. If I come across rude or fustratred at times please don't blame me because it takes two to communicate and I feel bigmike has a pm service for a purpose.
More importantly if I ask questions that have already been answered please either direct me to the source of info or pm me appropriately. I am currently confused about why Sierra rolled me over to the month of March when we are clearly most liekly in Feb.
Hello everyone, I am the newest of newbies, I have never traded other than to invest and reshuffle my not terribly insignificant portfolio (stocks, mutual funds) and to move currencies from my own account in one country to my own account in another.
I am a freelance translator working from a home office and find that the market in this field is slowly slipping out from under me, for various reasons. This means my income is dropping, and I have to consider what my options are. I haven't worked in an office or for a "boss" in over 15 years, and frankly I'm afraid if I tried to, it might kill me.
I have been interested in finance and investment for a couple of decades now, and since people keep telling me how smart I am, I keep thinking there must be a way to leverage my brainpower to at least supplement my current income. I have toyed with the idea of "day trading" forever, but have never seriously looked into it. I KNOW it's (highly) risky, and I KNOW it takes a hell of a lot more knowledge and skill than I currently possess, not to mention training and practice. This has always put me off even doing the research - but I think now it's time.
What I need to find out first is if trading (I'm thinking ForEx given my own experience with currency transfers, maybe index eminis) is even a viable option for me and whether I have enough capital for whatever the initial investment would need to be - well, I have it if you count the nest egg, but the real question is whether I even have the stomach to make such an initial investment. I don't know anything about software and trading platforms, about subscriptions and monthly fees (or whether there is a way to do this without monthly fees), etc. etc.
In short, I am starting out a completely blank slate, and hoping I can fill it up with *real* information, not just what those sites want to sell me.
If you've ever wanted to teach someone to learn from your own mistakes and fill them with the incredible and unique knowledge you've gained along your own journey, now is your chance!
2014 Profit: S$17,000
Jan 2015 Trading Capital: Approximately S$110,000.
Thanks for having me in this forum.
The following user says Thank You to JacLau for this post:
Wow, sir, I admire how incredible you are at what you do. I'm sure you know even the drawdowns are a part of the learning experience and I would sell my soul and body to achieve what you have achieved. I do hope we can become friends and the best of luck to you moving forward with your trading in 2015! You're in the right place.
My only suggestion would be that if, or when, you decide to trade live, trade a micro forex account (or equivalent) so you only lose tens of cents instead of tens of dollars per trade. Why lose so much when your learning? It will take awhile.
Best of luck to you.
The following 2 users say Thank You to Bullberry for this post:
1 year forex( so much lose at this time).
1 year futures( ES, YM, TF) - last my success was on january 2015 - double my account but then lost all because of increase amount of trading contracts( my mistake).
My method: 1. my psychology 2. indicators( mostly volume stuff, no oversold/overbought indicators).
The following user says Thank You to Findli for this post: