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Introduce yourself here!
Started:June 10th, 2009 (08:43 PM) by Big Mike Views / Replies:529,030 / 7,053
Last Reply:18 Hours Ago (08:49 PM) Attachments:50

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
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Introduce yourself here!

Old May 28th, 2015, 07:22 PM   #5891 (permalink)
Trading Apprentice
bangkok, thailand
 
Futures Experience: Advanced
Platform: nt
Favorite Futures: oil gold
 
Posts: 3 since Feb 2015
Thanks: 12 given, 0 received

How does a newbie contact a paid programer?

@bigmike

How does a newbie get in touch with a paid programer on bmt for assistance? Thx

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Old May 28th, 2015, 07:58 PM   #5892 (permalink)
Elite Member
Henderson,Nv
 
Futures Experience: Beginner
Platform: Tos
Favorite Futures: options
 
Koc133's Avatar
 
Posts: 1 since May 2015
Thanks: 3 given, 0 received

Intro

Hello everyone,

Mostly a buy and hold investor. Now interested in trading for income.

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Old May 28th, 2015, 10:33 PM   #5893 (permalink)
Trading Apprentice
Keystone Heights + Florida/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Favorite Futures: Forex
 
Posts: 5 since May 2015
Thanks: 2 given, 1 received

Introduction ?


Where is the message bar that one should click to make an introduction? I hit "post a reply". Is that correct?

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Old May 29th, 2015, 08:35 PM   #5894 (permalink)
Trading Apprentice
Keystone Heights + Florida/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Favorite Futures: Forex
 
Posts: 5 since May 2015
Thanks: 2 given, 1 received

Introduction ?

Chin00kie here! I have been trying to trade with success since 1979. That is about 36 years of failure. In my most dismal moments I trusted one of the "experts". Each time they lost everything that I had. I have come to believe that no one in this business really knows how to win successfully. I am here hoping that someone can prove me wrong. I am trying to find a local friend who trades in North Florida. More importantly, I am looking for someone who makes money trading, not selling trading propaganda. The most truthful statement that I have read is "the only way make money without losing is to get some desperate fool to give you money for your ideas" 100% increase in equity. I am jaded but with justification. Probably the worst thing I did was read "Think and grow Rich" Napoleon Hill convinced me to never give up on your dream. 36 years I have believed there is a way to make money in spite of the hard fact that I have never ended with more than I started with. I might be happier if I would give up and find an honest endeavor. Please show me there is hope. Thank you.

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Old May 30th, 2015, 01:26 PM   #5895 (permalink)
Elite Member
Amsterdam
 
Futures Experience: Beginner
Platform: NinjaTrader 7
Favorite Futures: usd
 
Posts: 1 since May 2015
Thanks: 0 given, 0 received

Futures Edge on FIO
Hello everyone,

I am new here , I traded a little bit a few years ago

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Old May 30th, 2015, 01:29 PM   #5896 (permalink)
Get In, Get Out, Get Paid
Springfield, MO/USA
 
Futures Experience: Advanced
Platform: Jigsaw
Broker/Data: AMP CQG
Favorite Futures: ZN, ZB
 
Heph333's Avatar
 
Posts: 22 since Oct 2009
Thanks: 31 given, 23 received

I suppose after lurking for 6 years, I ought to say hi. (please just get rid of that damn banner at the top of the page that tells me I haven't posted yet)

"Hi, my name is Jason and I'm a tradeaholic"
"Hi Jason" -everyone

I've been a tradeaholic for 12 years. It started innocently enough. Forex micro lots. then minis. before I knew it, I was trading S&P futures contracts. Its really all just kind of a blur. Im not looking for a sponsor. Im not even looking to quit. Hell... Im gonna go take a trade as soon as Im done here.

Seriously though, great site. Ive gotten so much benefit from here over the years that I really owe you all a thank-you. So, "Thanks".

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Old May 30th, 2015, 11:21 PM   #5897 (permalink)
Normal Wizard
Sydney, NSW, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader with Jigsaw DOM
Favorite Futures: CL, 6E, ES, Piano
 
TickedOff's Avatar
 
Posts: 189 since Nov 2014
Thanks: 162 given, 184 received


dvgeek View Post
Hello Big Mike,

Though I joined a few years back, I was not active as I did some foolish trading and lost all my capital (mid six figures) - I was doing 30 to 40 trades of 10 GC contracts and wiped out my capital.

I am now starting very very small compared to my previous foray.

I hope I have the cajones to continue and ultimately succeed.

Being desperate, I came back to research if I should take the Ace Trades methodology, and what I have read makes me believe I should not.

Big Thanks Big Mike !!!

I have personally found that working on my mindset has yielded the best results. If you haven't read anything about trading pyschology its a huge part of the game, I would recommend ' daily trading coach' by brett steenbarger, 'mindset' by carol dweck and ' one good trade' by mike bellafiore. You might have an excellent methodology but if your emotions or deep-rooted subconscious behaviors interfere with trade execution and management you can easily lose money. As for the Aces Trades methodology, I dont think methodology is that important. Also, there is no secret sauce, we all have our unique strengths and weaknesses, our own emotional baggage. I am highly doubtful reading one book about a specific system will make you a long term profitable trader. It will likely give you insights about strategy and ideas about how the market moves, but there is no other way than trading yourself and getting experience firsthand. If a system " makes sense" for you use it and you will probably come up with your own adaptations. If you do 20-40 trades per day as you say I would highly recommend trying out the jigsaw DOM and reading orderflow, check out ' no bs daytrading' by John grady thats an excellent resource on trading off the DOM as well as a good insight into market gaming. He's skeptical about charts, imo just ignore that they are vital for many traders myself included. IF you dont know any technical analysis, I would learn the continuation and reversal patterns, and also learn how to mark out support/resistance levels and trendlines. I dont think technical analysis is a system itself, you can trade patterns in a lot of way and charts are very subjective too, there are patterns within patterns etc. Charts give me the ' big picture' and DOM helps me see what is happening in real time, ahead of the charts. This is what has personally worked for me after a LOT of trial and error. I started out with a simple price action strategy trading breakouts of levels and fading them before then, with less fading in trending markets and more fading in ranged markets, and its evolved from there. I did have rsi and macd up once but never ended up using them so just scrapped them.

So to summarise, have a look at several approaches, take what works for you and scrap what doesnt, there is no way around hard work and gaining screen time. Trainees in prop firms often take 9-12 months before they start becoming consistently profitable. That is with professional guidance and full-time trading.

Understanding yourself is just as important as understanding markets.
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Old May 30th, 2015, 11:41 PM   #5898 (permalink)
Trading Apprentice
San Francisco, CA, USA
 
Futures Experience: Beginner
Platform: TOS, Ninja, AT
Favorite Futures: GC, ES
 
Posts: 3 since Oct 2012
Thanks: 3 given, 3 received


hirtop View Post
It would be interesting to hear your story...Sometimes I am trading GC myself and I believe that I can learn from your past. I am also willing to share what I am doing and what changed my trading in a positive outcome.

One of these days....

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Old May 30th, 2015, 11:42 PM   #5899 (permalink)
Trading Apprentice
San Francisco, CA, USA
 
Futures Experience: Beginner
Platform: TOS, Ninja, AT
Favorite Futures: GC, ES
 
Posts: 3 since Oct 2012
Thanks: 3 given, 3 received


TickedOff View Post
I have personally found that working on my mindset has yielded the best results. If you haven't read anything about trading pyschology its a huge part of the game, I would recommend ' daily trading coach' by brett steenbarger, 'mindset' by carol dweck and ' one good trade' by mike bellafiore. You might have an excellent methodology but if your emotions or deep-rooted subconscious behaviors interfere with trade execution and management you can easily lose money. As for the Aces Trades methodology, I dont think methodology is that important. Also, there is no secret sauce, we all have our unique strengths and weaknesses, our own emotional baggage. I am highly doubtful reading one book about a specific system will make you a long term profitable trader. It will likely give you insights about strategy and ideas about how the market moves, but there is no other way than trading yourself and getting experience firsthand. If a system " makes sense" for you use it and you will probably come up with your own adaptations. If you do 20-40 trades per day as you say I would highly recommend trying out the jigsaw DOM and reading orderflow, check out ' no bs daytrading' by John grady thats an excellent resource on trading off the DOM as well as a good insight into market gaming. He's skeptical about charts, imo just ignore that they are vital for many traders myself included. IF you dont know any technical analysis, I would learn the continuation and reversal patterns, and also learn how to mark out support/resistance levels and trendlines. I dont think technical analysis is a system itself, you can trade patterns in a lot of way and charts are very subjective too, there are patterns within patterns etc. Charts give me the ' big picture' and DOM helps me see what is happening in real time, ahead of the charts. This is what has personally worked for me after a LOT of trial and error. I started out with a simple price action strategy trading breakouts of levels and fading them before then, with less fading in trending markets and more fading in ranged markets, and its evolved from there. I did have rsi and macd up once but never ended up using them so just scrapped them.

So to summarise, have a look at several approaches, take what works for you and scrap what doesnt, there is no way around hard work and gaining screen time. Trainees in prop firms often take 9-12 months before they start becoming consistently profitable. That is with professional guidance and full-time trading.

Valuable advice. Will try to follow. Everything you have said is true....

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Old May 31st, 2015, 06:14 PM   #5900 (permalink)
Elite Member
THE VILLAGES, Fl. USA
 
Futures Experience: Intermediate
Platform: tradestation, TOS
Favorite Futures: equity options
 
Posts: 1 since May 2015
Thanks: 0 given, 1 received

Just starting out


Hi Big MIke

Thanks for having me. I have traded for the last 8 years and have gone from trading eminis 14hrs a day on a 400 tick chart to just trading pullbacks on a daily chart with forex and some options. What an evolution! I wish I had started the other way around. I would have learned more and lost less. Because of the evolution I feel like I am still just a newbie. I really really enjoy learning new setups and work at it everyday. The biggest lesson I have learned is patience and only trade my setups as they come and not to force anything.

Again, thanks for having me.

Sbussey350

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