I have been interested in trading since the 2008 crash (I made a decent return despite knowing nothing about trading riding the 2009 wave up with blind luck). In 2013 I seriously started learning about technical analysis starting with Elder, and moving on to Williams, Elliot Wave, Fibonacci, Indicators. I currently am self employed, and have freed up time in the morning to trade in the hopes of making this a real part of my career/income.
The small amount of trading rooms I've tried seemed like they knew little more than me when trading live, and none of their methods resonated with me. This was the first site I saw that seemed to give true reviews of trading rooms. After reading this site for months I found Price Action Trading, and bought Al Brooks' course. This was the first thing that made any sense to me, as I believe he paints a realistic picture of the market-anything can happen, nothing is certain.
I have been paper trading since 2013 on IB, but recently moved to Tradestation in order to use tick charts. I started trading equities, but find the futures market much more interesting. My first attempt at trading was looking for high volume bottle rocket stocks (intraday), but searching for them seemed to be too hard. I like the idea of focusing on one or two markets, and learning how they move. I started looking at the NQ, the ES, but have found Crude Oil to have a much better feel. I also like Gold as it seems to trend more than the indicies, but that may just be what I have seen recently.
I still don't have a trading plan, but have started to actually make (fake) money some weeks, where in the past I have only lost it and moved to another approach. I'm hoping that gaining experience on the simulator will give me the confidence to trade IRL, and allow me to develop a trading plan (I definitely need discipline at this point). So my goals are:
1. Learn as much from other's experience documented here
2. Learn as much from simulator trading with draft plans
3. Build the confidence to trade with real money
4. Ride into the sunset with bags of money!
The following user says Thank You to SilverSurfer2015 for this post:
I joined Big Mike's forum several days ago, and I already found very interesting indicators and thoughts on trading. As a trader I am just starting (not live yet). Recently downloaded NT and use this in combination with IB.
Interested in automated trading strategies to outperform the LIBOR . I live in the Netherlands and hope to gain and share knowledge.
Nice to meet you. I've heard good things about IB. Is Ninja Trader independent? I mean, if you're using it with IB, who's service does it fall under? I'm used to a trading platform being sponsored or dependent on a certain company in order to download market data. How does NT work?
Per Big Mike's request as my first post on the site I'm stopping by to introduce myself.
My name is Jim, I'm a self-taught trader who's been trading for over a decade... and has been relatively successful for the past several years. I made the mistake early in my "trading career" of hanging out in the wrong forums (almost any trading forum is the wrong one) and filling my head with a lot of nonsense. It wasn't until I quit forums completely cold turkey after the first year or so and started down my own educational journey that I was able to weed out what worked in trading and what didn't.
The reason I'm here today is because I came across the futures.io (formerly BMT) site and was impressed by Big Mike's effort and the efforts of most of the members here to offer what seems to be one of the better trading forums online. I'm at a point in my trading where I think I have something to give back and am here to interact with those who share a passion for trading, offer some friendly advice to those who are less experienced than me, and yes, even to learn a thing or two. Even though I've been able to be consistently profitable I certainly don't think I know it all and would love to continue to take my trading to even loftier levels.
I look forward to making some new friends here and helping out whoever I can at the same time.
I discoverd Mike's trading group about 1 month ago and I am really impressed of the information ammount present on this community.
This will take some time to read, but I am sure that I can find something that suits me and then to share the experience in the way I understood it.
Thank you again, Mike for building this great group of dedicated people !
big thanks to mike for the forum
i am i beginner in this area of trading, and i have been told that this is by far the best place for a beginner
am happy to be a member and share my experience i will encounter with all...
Hi. I'm Gene U. I have been working on day trading futures for a couple of years now. I have taken classes from OTA (Online Trading Academy) and have been in a couple of trading rooms, primarily Larry Levin's rooms. I'm a member of a couple of trading user groups (one of them led me here). I have been a member of the Denver Trading Group for a few years. DTG brings in nationally known traders for 3-4 hour talks. They have been very good talks for the most part.
I use Tradestation primarily as my trading platform. That's what I used during the OTA courses. I'm mainly trading NQ (the Nasdaq) and CL (Crude Oil) currently though I have also traded gold and ES.
I'm always trying to learn more. So that's why I joined Big Mikes when I learned about it.