Uh, trading or as my bride calls it "Gambling" for over 15 years - man how sad is that!?.
And as Mike stated, lost more money to make grown men weep (incessantly). Been through it all; Wade Cook, Investools, Online Trading Academy (scalping), AJ Brown (Options) TCI (eminis), TradeEmpowered (Forex/Ratios), GMT Futures (Automated Strategies), Ichimoku, PA trading (I'm new to that) and the beat goes on...Know pretty much every technical indicator on the planet and most are garbage. So here I is. Sadly enough I can list all of my steps and still PUSH onward because either I'm too naive or stubborn to EVER give up on my dream of being a "profitable trader".
BTW, what did I read today here at Big Mike's - well, read up on Alla Peters (alphawavetrader) BTW, her fibs are simply "projections" of 200% (Decision point 1) , 261.8 (DP2) , 361.8 (Reversal1), 461.8 (Reversal2) and 561.8 (Reversal3). and of course reading about ACE Trades, DayTradingAcademy (Marcello) and on and on...guess what? They probably all work for SOMEONE - the battle (as been for me) is to find something that works and resonates for YOU.
That being said...I'm looking for some solid Price Action threads (methods) that are sound. I AM a very visual person and I can see the markets way more clearly without all the gobbledy-goop ("Indicators") clouding my vision.
DONE with all the garbage and squiggly lines...I want to trade with composure, vision and common sense.
I have been an Electronics/RF Systems engineer for almost 15 years now and am looking for a change. I am not certain where I came across Trading as a point of interest but it stuck with me somewhere along my travels of the internet recently.
That being said, I am as green as you can get for now so I look forward to learning from you all and being able to contribute soon.
I'm a Swede living in Portugal as a semi retired. Want to use my a minor part of my pension capital to trade. Have studied a lot of books and sites. O'm at present participating in the Swedish Turtle project 2015 for swing trading.
Now I'm searching for my first solid trading system for day trading. I have open an account with Ninjatrader brokerage and is just starting to trade the ES-mini S&P 500.
I'm not doing so well just now, so joining Big Mike´s Trading Forum is a step on the way to persistent profits.
Like so many of you have said in the past, it is great to find a gathering place where there is passion for trading. Thank you Big Mike for creating this site. It is rare that you can talk to all of friends about this topic without their eyes glazing over.
I have been involved in the market since the late 80s, mostly mid and longer term stocks. I have always made an effort to understand my competition and the source of their motivation. Jeremy Granthem once said "The biggest risk on Wall Street is career risk" and "Never be wrong alone". Relative performance is key. Marc Chaikin (Chaikin Analytics, great stuff) said in a webinar that the wife of a friend of his is a fund manager, and the biggest bonus she ever received was in 2008 when she was down 18%.
My goal is to gain more knowledge on futures trading. I want to learn the world of the institutional trader, understand their time frames, and their motivation. I believe that one way this can be seen is with order flow analysis, and I plan to spend time learning all I can.
Thanks for the opportunity to share this information with a group that may actually want to hear it.
I have never done anything related to the stock market, until last week I had a friend show me a few things in his TD account. got me interested, started researching the web the last 4-5 days (non stop). Anyway I have decided to start out with the E-mini S&P.
I'm reading macks manual and I have signed up with the Day trading academy (money already spent so save the criticisms)
I needed some information and after visiting Investopedia i went with them.
anyway, I'm open minded and will take and listen to anyone giving advise. I live in the North Dallas area and would love to meet up with anyone who is a beginner or advanced.