Hi, joined because of this thread: (bigmiketrading)/brokers-data-feeds/35091-interactive-brokers-not-allowing-futures-trading-iras-6.html
I applied for a new IRA to trade futures earlier in the week and came upon this thread. I'm so irritated and would never have signed up for them had I learned about this beforehand. I'm probably just going to keep the account because I'm in a hurry to hedge interest rates.
Hi all. I am a beginning day trader focusing on stocks. I am currently using the TOS platform but maybe moving to Tradestation if that seems like the better route. Looking forward to learning more and hopefully sharing my successes!
Been trading for about 5 months and reading everything I can. Mostly interested in stocks, swing and day trading. I use Tradeking and Etrade. Like most, I've lost a bit but consider it tuition!
I signed on a few years ago but "found" it again late last year and since then have realized what an excellent site this is.
I started trading stocks using the CANSLIM method ~ 1996, was successful and then started using it with options which was better - but the method was a lot of work. I joined Optionetics hoping to improve my options knowledge and hoped to learn how to set up "delta neutral" trades - though I learned basic terminology I did not derive much that was useful to real trading - (may be it was my shortcoming). Over time I found out more about option spreads, started trading with a $300 account, had a lot of success with it, and then I got the Elliott wave bug and met a EW guru. On one of whose call my accounts were up two fold in a six month period. Things had come quickly and without a lot of pain - making me oblivious to many of the essentials such as good money management required to be a good trader. Greed and invincibility along with a series of subsequent calls from the EW guru brought my account down to a $few k (no one to blame but me) at this time the other account I was trading was double of what it started out, but my recommendation to take profit was also met with greed and subsequently the same fate as my account around 2012 at which time I first came across Big Mike's...
Well since then had to take a few breaks and have been learning about options and futures. traded forex a bit but nothing has come together yet which is profitable consistently. A number of people have told me I should go back to the options trades I used to do - but to me that is a slow process and requires more capital than forex or futures ( the returns on the spreads were in the 4% to 10% range each cycle of 4 to 6 weeks - sometimes more)...
I have tried many systems and methods and am still working away at finding a system that i can trade day in and day out and make consistent money....
Last edited by Suraj; April 9th, 2015 at 11:20 PM.
Reason: included too much detail
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