I studied Eectrical Engineering some decades ago, and therefore I have some affinity to mathematics and programming. However, I am not a mathematician, nor a programmer ( what a pity ...) but I use those skills on my quest for the "holy grail".
I am mainly into stock prediction. Currently I am trying to copy models from scientific publications, manly those which show up with promising results. This includes VAR models, Neural Networks, genetic programming, Wavelet, Technical Analysis etc. (My next implementation will be a vector support machine based model). I am doing my work mostly in R and matlab.
So far, I haven't been very successful with these models. (In this respect I would like to add murphy's law of the quant scientist: Excellent results are those which can't be repeated) I would be very interested to get good hints, e.g. which publications might worth a look into, too discuss them, share results etc. Maybe this Forum is of some help here.
I have been wanting to learn how to trade, so started to look into some schools and the reviews are not encouraging. I am here to learn how to get started with quality material and training. Any advice is welcome!
Good day traders
I found this site as I am currently reading "The Complete Guide to Option Selling". As I don't have $1 million or $500k or $250k as recommended in the book, I started looking for a place where I could learn about selling options and start trading with a more modest amount. This is a completely new area of trading to me and at this stage it's all Greek (apologies to the Grecian traders )
There is a mountain of information here that will keep me busy for some months and with the help my new found family I am looking forward to an educational and financially rewarding journey
The professional options traders are waiting for you with welcome arms (and teeth). If you haven't figured out how to trade the market (even in Sim) then Options add a huge level of complexity. The whole idea of selling options and making money if the market goes in your direction, neutral or even a little against you is very attractive but ......
You quite right it is BUT (in capitals) that I am cautious about. I've been trading seasonal spreads for about 4 years (Joe Ross). Although my trading account is moving in the right direction it is at a snails pace so I thought of options as an option to build my income stream
I came across the public videos here several weeks ago and was really impressed.
My background is in software design/coding/architecture/support, and database analysis/design, and I've traded on and off for about 10 years. Last fall I decided to go full-time trading. Fortunately I've never blown out any accounts -- I'm very careful w/ risk mgt, but I am finding it a continuing challenge to arrive at a regular trading routine that is consistently profitable.
My first goal is regular income from futures intra-day, primarily CL in the morning. My approach tilts to price action, after Al Brooks, Joe Ross, Larry Williams, and Gann (the non-esoteric parts, by way of Robert Krausz)
I sometimes trade stocks, indices, and ETFs in the afternoon; and run some multi-day swing trades set to price triggers ahead of the open. In the past I have done a lot of options trading. Other areas of interest are currencies, metals, and grains futures; multi-day spreads, in equities and futures; and VIX-related instruments.
What I hope to find here more than anything else is practical information (e.g. when and when not to trade something; how to decide on a bar range for signals; etc.); and insight about how to run the trading activity with more of a business mind-set.
I'm looking forward to learning more about trading here, and when possible adding to this pool of knowledge.
I probably am only a beginner, been playing with my strategyquant.com for couple years......only when I jointly had it in sharing mode with someone who bought an i7-4770 for this purpose did we arrive at a very ok mt4 eurusd EA 1hrTF 1min resolution, its been doing well on myfxbook for 3/4 of a year, but did find a nice v2 of it using my 1st SQ license on my CNS $30/mo server, thus far just doing daily forward test in mt4's tester it has been doing good for last couple months, we shall see.
OK, that's pretty much it, thanks for having me.
So Ive been a member for about a month and havenít posted anything. After a couple of proverbial slaps from @Big Mike about said lack of posting; I thought it was time. I trade the S&P 500 e-mini. Im on my third year trading on a day timeframe basis. I started my education with ShadowTraders course. I traded 2013 using their indicators on the NinjaTrader platform. I traded CL, NG, GC, 6E, and maybe a couple of others. I was loyal to their methodology. I did phenomenal on the sim. Yet, blew my live account out approx. 6 times. I never had more than3K in the acct at one time. Giving up was never a thought. In early 2014 I learned that psychology had a lot to do with the game. Imagine that. So I took Rande Howells course and it helped me quite a bit. He led me to The Inside Technicianís methodology. I was losing faith in ShadowTraders at the time, so the timing was good to try something different. The combination of this all led me to sign up with The Inside Technicians trading room and course. I put ShadowTraders and all the markets I traded on the shelf. I started trading the ES emini exclusively. I stayed in the trading room a couple of months. What I didnít care for was the room opened up at 730AM EST. Im in san diego. So weíre talking about 430am. Also, the methodology only traded breakouts, thatís it. I didnít get into trading to wait for hours on end for a trade setup. I thought to myself as I was watching retracements and breaks, pullbacks, etcÖ thinking, somebody is making money on this price action. Fast forward a couple months I stumbled onto Barry Taylorís set of 3 non correlated indicators over at emini watch. He calls them The Better Indicators. I found his indicators and methodology very interesting. I purchased them and began studying and trading his approach. My struggle with his system for me was at times, the signals were Ė well somewhat difficult to interpret at times. These are not buy sell signals either. I had learned about MarketDeltaís volume imbalance footprint chart soon after that. This chart I found helped me filter out noise. My trading by the way was improving with every step Ive made. Trying this, keeping that, trashing the other, etc.. Then, I learned about this thing called the Market Profile. I couldnít make a shred of sense from it. Even after it was explained to me a couple of times I still didnít see how it could help. Nonetheless I was interested in the fact that it builds structure of the market and such. So I took Jim Daltons Intensive this past Jan., and since that course my market understanding, and ability to read the two-way auction process has accelerated my trading 10fold. I use NinjaTrader with The Better Indicators for my executions, the MarketDelta Footprint for order flow, and the MarketProfile as the birds eye view of whats transpiring.
I take my trading about as serious as one can imagine. It is a goal I lean on to replace my full time income I bring in now. Fortunately, my day job affords me every hour of the days session to trade. My consistency and profitability are both tracking positive and on course. The reason I have wrote a lot of detail about my journey so far is to maybe help even one person who may be struggling. Who may be questioning if trading for them is ever going to work. I believe it can, if you want it bad enough. One might think I switch from this method to that method, etc.. I did; until I found what works for me and my mental make up.
For me, my hunger is beyond measure. There are many things that fuels my fire. The most important piece of the puzzle is my wife supports me and mentally Im in a great place. My confidence is worth more than my acct size. Ive had it kicked in the dirt more times than I can count. In fact, on a few occasions its taken me weeks to build it back up after one dismal days trading. Working through times like that sucks. I want to say I wouldnít change the experience up to this point for anything. But if it all came easy then my mind would be weak and frail. I welcome the daily challenge. I look forward to the day I am a fulltime trader. Thanks for reading.
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