Hi I'm Nate. I've been trading stock since I was 18 (18 years) and have more recently evolved from investing to swing trading to day trading options. I'm considering moving into the ES for day trading. Been investigating platforms and brokerages, as well as paper trading a NinjaTrader demo. Thinking of probably getting set up with NinjaTrader Brokerage and platform. Seems easiest. My trade style is focused heavy on price action. I use a simple chart with 450 tick Heikin Ashi candles, a 30 EMA line, Volume and Stochastics. My problems are with discipline, waiting for the set-ups I know instead of chasing every potential turn of the action. My solution has bee to work with the NinjaTrader ATM to enforce tight stops, and that's helped to a limited degree. I hope to learn a lot from browsing the forum, thank you for compiling this awesome community and reference!
Hey I'm Trevor just getting started out here I'm still tyring to find my way in this trading business and I keep finding myself poking around this forum everytime I want to research into something so I figured I'd register. I really don't have any experience and I am currently on the hunt for a good training program out there. I am currently looking into either the Emini academy or the Day Trading Academy either way I'll be poking around this site looking for a training system that best fits my needs. If someone could point me in the direction of a discussion that I'm sure already exists in regards to which training program works the best that'd be cool.
The following user says Thank You to Trevor56 for this post:
First time post for me here. Been a member for few years trying to use different indicators on here and make profit from trading futures. In the end after enough dollars have been lost I now believe it's all about money and risk management since this perhaps is only constant that we as traders can control (how much you can afford to lose per trade and your potential gain per trade).
The output indicators show is really changing all the time based on market sentiment at any given instant so all of them at some point stop showing what you want to see on your chart. At that point you do a tune up to make sure you see what you like to see in there until the sentiment changes again, followed by another adjustment, etc eventually this becomes a vicious cycle of trying to adjust and change your indicators and make more $ out of each adjustment than you lost trying to figure out if the sentiment has changed or not.....
At some point you may ask yourself a question if a market maker can ever lose on a trade he is selling or buying from you at this very moment. Who actually makes money in the long run and where you, the retail trader, are positioned in zero sum trading business. A whole new approach to trading may be developed depending on how you reply to these questions.
In the end it will come to risk and money management and how good you are at calculating probabilities of so called random events happening which may finally show you some profits from this seemingly simple activity we call trading!
Hope to contribute to development of this forum and participate more in interesting discussions.
The following user says Thank You to byb0n for this post: