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.
The following user says Thank You to sbussey350 for this post:
I am also struggling with disciplined trading. Lots of great info here. Thanks Mike for hosting such a great source of information and a place for discussion.
I am hopeful that I can become a better trader by being an active member.
I came here to extend my reach further into the futures trading community. I was introduced to futures when I began working in the Eurodollar Options pit at the CBOT in Chicago. I've been working/trading in the industry ever since. I trade CL and ES the heaviest, as well as several peripheral markets when I feel the opportunity is right. I mostly trade options, and synthetic spreads if it involves futures contracts. I've tried every platform/data connection under the sun, and am excited to learn as well as lend advice.
I am just getting started into futures trading and found this forum to be an invaluable source of information, so I figured I'd join and bounce around some ideas with some of the more experienced traders in the world.
I am not your typical trader I guess. I got started in the markets while I was still in the Marine Corps when I took about half of my money from two deployments and invested it. I more than doubled my money in a few years and I was hooked. I have since then done swing trades and long term trades of equities as a supplemental income.
After leaving the Marine Corps and finishing college I have been consistently underemployed. I eventually decided to trade for a living, since I already made a large portion of my income from trading, while putting very little effort into it. In addition to my long term trading I thought I'd diversify into futures, and so here I am. I am lucky enough to be currently living with family, so I am not trading rent money. Here's to hoping those of us newbies can work through the learning curve until we are profitable and can advise the newbies on here a few years from now!
So, I have been working at becoming a successful trader for about 5 years now. In my attempt I have lost more money than I could made in five years at a job. I often wonder if anyone can make a living at this or if my dream of making good money from my house is a lost cause. After reaching a low point and ready to give up, my wife finds this forum that seems like it can shed some light on answering some of these questions. This forum is different than other forums in the way it looks like everyone is working together and you don't see any fighting.
I am happy to see that people can make a living trading the market. I appreciate all the input and hope to share a story of success in the future.
Thanks to everyone for sharing your thoughts and to you Mike for starting this in the first place.
The following user says Thank You to jackcrow for this post: