NexusFi: Find Your Edge


Home Menu

 





Introduce yourself here!


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Big Mike with 147 posts (3,963 thanks)
    2. looks_two nakachalet with 57 posts (17 thanks)
    3. looks_3 xplorer with 45 posts (51 thanks)
    4. looks_4 mfbreakout with 35 posts (24 thanks)
      Best Posters
    1. looks_one roonius with 80 thanks per post
    2. looks_two wh with 56 thanks per post
    3. looks_3 George with 46.5 thanks per post
    4. looks_4 Big Mike with 27 thanks per post
    1. trending_up 14,185,061 views
    2. thumb_up 11,973 thanks given
    3. group 6,308 followers
    1. forum 10,635 posts
    2. attach_file 94 attachments




 
Search this Thread

Introduce yourself here!

  #5871 (permalink)
 gcaldridge 
port charlotte, florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: Oil
Posts: 100 since Dec 2011
Thanks Given: 54
Thanks Received: 81


akamaddy View Post
Hi and firstly thanks to Mike for this forum.

i am trying to trade from past 9 months but only 2 months were profitable, and previously also i had wiped down my account. my strengths are i am good with exits and patience to let the profit run, weakness is the fear to trigger immediate entry order, but i am working on it. the real problem is i have tried some systems but all of them lose their edge in some time. in backtesting they all were good but in realtime after some time they all suck, and start giving huge drawdowns.

seriously am having second thoughts on if really income is possible via trading.. plz seniors do help me...

currently going through the beginner section.

Thank you for sharing your experience. I really do sympathize with your situation since I know I suffer from it and I think 90% of traders do.

Here is what I believe:

1) Every system, every edge:
a) Will not work forever
b) Will work in some market conditions and not others
2) You have to know the market condition at the time you are trading and
a) if you only have one strategy/system/edge then stay out of the market if it is not the right one
b) Choose the system/strategy/edge that applies to that market
3) You have to understand how the market works and what it is really doing at the present time. This takes a lot of time to learn and you have to commit yourself to learning it. Learn the market first and strategies second.
4) Once you have learned the market you will realize that you cannot trade it most of the time. You have to wait until you see that it is behaving in a way that you know you can trade and probably win.
5) The market keeps changing. Keep learning.
6) You keep changing. Pay attention and adjust your behavior.

How do you do this? If you are one of the few fortunate ones you can train yourself. For the rest of us, just like learning any profession, you need to find a good 'school' just like doctors, pilots, engineers, etc.

I haven't found that good school yet. I become more convinced every day that those who are successful trading, trade and those that aren't teach.

I wish you the best.

Reply With Quote
The following 3 users say Thank You to gcaldridge for this post:

Can you help answer these questions
from other members on NexusFi?
Request for MACD with option to use different MAs for fa …
NinjaTrader
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - April 2024
Feedback and Announcements
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
58 thanks
Battlestations: Show us your trading desks!
55 thanks
NexusFi site changelog and issues/problem reporting
48 thanks
What percentage per day is possible? [Poll]
31 thanks
GFIs1 1 DAX trade per day journal
29 thanks

  #5872 (permalink)
prashanthgoutham
Bangalore
 
Posts: 1 since May 2015
Thanks Given: 1
Thanks Received: 0

Hello All,

I am Prashath Goutham, im from India. Im new to this forum and i play with options and futures and mostly play with Index stocks. I am now working on Algo Trading (fully automated) which is still in its infancy in India.

Reply With Quote
  #5873 (permalink)
sylviodv
France, marseille
 
Posts: 1 since May 2015
Thanks Given: 0
Thanks Received: 0


Hi to all,

My name's Silvio, I'm from France, Marseille and I'm a self trader. I have a couple of guys working with me on Al Brooks' Price Action trading.

Reply With Quote
  #5874 (permalink)
 jhoelzer 
wellington,fl/usa
 
Experience: Beginner
Platform: ninjatrader
Trading: ES
Posts: 1 since May 2015
Thanks Given: 1
Thanks Received: 0

Thanks Mike,

Looking forward to my education and my attempt to teach an of dog new tricks. I'm in the SoFl area and would love locals to coffee talk on E-minis. I'm currently using Ninja for my platform and am interested in looking at Barry Taylor's "Better" charts.

Blessings,

john

Reply With Quote
  #5875 (permalink)
trooper5010
Seattle, WA
 
Posts: 5 since May 2015
Thanks Given: 0
Thanks Received: 0

Hi there,

I am trooper5010, and a new member on futures.io (formerly BMT)! I am really liking the website so far. I am a new trader, and am trying to transition from Thinkorswim to Ninja Trader, as I'm looking to head in to trading futures.. I am trading paper money atm until I really get to know NT and also hone my skills.

If anyone knows if they can help me around Ninja Trader like how to add volume charts (would those just be considered indicators?), how to quickly move up and down the y axis, any hotkeys, or really handy shortcuts to know would be excellent).

Looking forward to contributing some more,

Trooper5010

Reply With Quote
  #5876 (permalink)
 Bmaru 
Akron Ohio
 
Experience: Beginner
Platform: Ninja trader
Trading: ES
Posts: 1 since May 2015
Thanks Given: 2
Thanks Received: 0

Hi all and Mike. Glad to have stumbled onto this forum! I'm new to trading and hope to learn from everyone here.

Reply With Quote
  #5877 (permalink)
afh265
Malaysia
 
Posts: 1 since May 2015
Thanks Given: 2
Thanks Received: 1

First of all, I would like to take this opportunity to thanks Mr Mike for giving me the opportunity to join this forum and learn more about forex trading.

My name is Ahmad Fuad, and I'm a part-time forex trader from Malaysia.

I've been with the forex market for 8 years now. My favourite pairs is EURUSD and EURJPY. I already have a technique to trade the market and make some profit from it. My biggest problem in the trading is I'm always overtrading my account. Starting on 1st May, I've been training to discipline myself in trading.

Recently, I've been researching and studying about the fundamental analysis, regarding Supply & Demand, Spread Volume, High/Low Liquidity Area, Bid & Ask, Commitment of Traders (COT), Market Depth, Order Book, and topics that similar. Hopefully there is others that have been familiar with this topic and can sharing with me the knowledge.

Anyways, I hope we can learn a lot from each and everyone of you out there on Big Mike's Trading Forum.

Sincerely Traders,
AFH265
"Keep It Simple, Make It Profitable"

Reply With Quote
The following user says Thank You to afh265 for this post:
  #5878 (permalink)
beancounter
OKC, OK
 
Posts: 9 since May 2015
Thanks Given: 29
Thanks Received: 13

Hi Everyone,

I'm a relatively new trader just finishing up at uni. I'm finishing accounting, finance, and mathematics degrees next year (3 separate degrees) but I'm finding I am more interested in trading rather than a traditional accounting job. I've been trading part time for the last two or three years. I primarily trade short option strategies and trade futures a little. I am a point where me and a business partner are going to start taking this more seriously and invest more time (and money) into it.

A little about me: I'm into books, sports, poker, running, mathematics, investing, and general academia.

I'd like to think everyone here who has contributed to this forum and Big Mike and the other creators. I've found this forum to be one of the (if not the best) best sources of information in the internet. Good luck to everyone and happy trading.

Beancounter

Reply With Quote
  #5879 (permalink)
 davids9317 
Middlesbrough England
 
Experience: Beginner
Platform: MetaTrader
Trading: forex
Posts: 6 since May 2015
Thanks Given: 0
Thanks Received: 1

Thanks everyone for a great community and knowledge base! thanks Big Mike for creating the forum.

I've been studying Forex for just over a year non stop and still haven't really done any trading, I'm quite conservative and like to to be confident before i commit to something. Im getting into automated trading as the backtesting, optimising and walk forward options suite my personality.

Im hoping to get some advice from more experience people who can help my find my way!

Cheers
Dave

Reply With Quote
  #5880 (permalink)
mbby2k
Lahore
 
Posts: 7 since May 2015
Thanks Given: 0
Thanks Received: 2


I am trading for 6 months and have lost nearly 10K usd



I have injected another 10K and I wish to hit atleast break even

thanks for this forum I hope it helps me to recover my losses

Reply With Quote
The following user says Thank You to mbby2k for this post:





Last Updated on March 17, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts