I have been actively trading and investing for 14+ years. Like most I spent several years jumping from strategy to strategy and indicator to indicator. After those common pitfalls played out, I have anchored to some strategies that work for me. I am quantitative and systematic in my trading; however I evaluate both value (just for equities) and technical price information. If I had to recommend trading books to new investors, I would recommend: How To Make Money In Stocks (William O'Neil) and The Little Book That Beat the Market (Joel Greenblatt), and all of the Market Wizard Books (Jack Schwager).
I have traditionally traded on Systematic & Discretionary basis, but I am looking to go Systematic & fully Automated in the next year ... at least for futures trading. I trade daily bars looking for the bigger market moves.
Current Brokers (and reason):
- TradeStation / equities & futures (been there a while and good for strategy development, not sold on execution);
- Interactive Brokers / equities & futures (somewhat new to platform, but I am impressed! Trade execution, price and markets available to trade are great. Not a place to develop or test strategies. You trade equities and futures from same account, big plus if you trade futures at low margin/equity ratios);
- Merrill Edge / equities (If you qualify for the Merrill-Edge programs that allow 50-100 free trades per month ... why would you not execute your first 50-100 trades per month there? In full disclosure, I don't ever exceed the free trades per month with my strategy I am using with my account.)
- Motif Investing / equities (I have a momentum quant strategy that requires a re-balance every two weeks. Motif only charges $9-10 for rebalancing an entire portfolio. The same basket order would cost me >$100 at a discount broker using a basket order. I am starting warm-up to Motif's interface and portfolio tracking software, but the site is a pretty bare bones for the hard core quant.)
- TD-Think or Swim / futures (I am comfortable trading futures using discretionary methods at TD. I really like their conditional order types. However, my automation needs will probably require me to move assets away from TD in the future.)
I live in KC (do you?). 37 years old. I am an engineer and attorney by education. I work full-time in a non-trading job, but I would like to transition to a trading or money management career at some point in the future.
As mentioned above, I am looking to go fully automated in the next year. Not sure, if TradeStation is the right place for me after seeing some of the order execution tools at IB. I am going to be analyzing platform options over the next few months before rollout. Currently, my strategies are coded in EL.
The following 2 users say Thank You to brianj999 for this post:
I started trading back in 1995 and as many traders lost a ton of money and was forced into finding a real job. I have decided to take another run at it so here I am. Lots has changed regarding technology over the years as well as various trading tools so there's a ton more at my fingertips than 20 years ago however regardless of the tools in your toolbox I've come to realize much of winning in trading is about the makeup of the person making the trades.
Mike thanks for creating this forum for traders. What I hope to gain is new knowledge, insight into new tools as well as to form new relationships. Thanks, Rob
I'm extremely new to trading, opened an account with AMP around February this year and have only made a handful of Live trades. I'm currently interested in hooking up with TopStepTrader and just today listened to madLyfe's funded trader interview in which he mentioned this site - I'm stoked to dive in and participate here!
Many thanks in advance to all the forumites here for following the philosophy BigMike has laid out to offer positive insight and constructive dialog rather than trying to prove others wrong - that really makes me feel good about the crew here. Best wishes!
First of all thanks Big Mike for gathering and keeping the forum alive! I've been gathering info on the subject from a couple of weeks now, it really seems to be interesting but as a novice can't see where or how to start. Thanks God I find this forum by looking for reviews just before spending any money.
So, let's get this started! I look forward on been participative here!
I've been lurking here for a bit, figured I should make an account and get more active!
Currently trading at work when I'm able and trying to learn more in my free time.
I plan to take my trading to a more serious level when it's more feasible for me. I have the support at home and now it's down to growing existing capital, adding more, and continuing to learn.
Dealing mainly with options for now.. May or may not expand my horizons in the years to come.
I am new to futures trading. I am hoping to learn a thing or two, and would like to share my experience along the way. I live in Vancouver, BC, if anyone is interested, I'd like to connect with local futures trader.
My name is Joshua and I have had a interest in the stock market for years. I have bought and held stocks through up markets and down markets but have never been an active trader. I am here to learn the art of trading and hopefully one day I can use what I learn to do it full time and help others. Thank you for hosting this forum.
Hi to all traders. My name is Bernard and I trade FDAX as well as CFD DAX. Also familiar with Forex specific parallel and inverse analysis based on Heatmap strength/weakness. One thing I learned in trading is that all can be found in yourself to be succesfull and that is one of the most difficult parts in trading
Its been 268 days as a member without an initial post, hopefully that is not a record.
To all the pages I have visited & webinars that I have watched, I would like to say thankyou, to Mike & All that have placed effort into doing this, I will aim to be more active.
I have been trading since 1998 but I certainly wouldn't call what I was doing "trading", when your in the middle of a concrete pour & you call old JB Were to put a Buy on "Axon" at Market with $140.00 AUD in brokerage and thinking, "that's not bad", so I wasn't sure if what I was doing was trading or something else, but I was hooked!!!
When I asked my Father as a 15 year old, what are all these numbers in the back of the newspaper Dad?, "They have something to do with the share market", was my Fathers response, I was hooked. How could the weekly % gains-losses in the columns be more than what I was receiving in a years worth of % received from my local Savings Bank? I wanted to know!
This amongst my curious nature & willingness to step into harms way has led myself down the same path as to all here at Big Mikes & whoever puts on their trading gloves, see you in the markets.