im very new in this forum. i used to trade the local futures market ie palm oil and forex.
i bought ninjatrader lifetime license 2 years ago and i open futures account but have not been active. now i want to start using NT to trade the US market such as ES or NQ. I hope i can learn a lot from this forum
Why am I a moron. because I read warnings here about paintbar factory bought anyway thank god only $1100 then discovered how useless this software is. I started my trading career in 1986 lost all I had in 87. I am proficient in Elliott wave but find it's predictive valley limited at best. Still have a copy of preacter's 1987 newsletter predicting dow 6500. Unfortunately he was off a decade or so. Still admire his tenancity
Still loved trading after the above disaster but could not do so for lack of $. S I did it for fun to see how good I could be tracking the market along with my insurance license which helped keep the lights on.
I am too damn old to long term trade so I want to swing trade and day trade
New to the forum, been trading for a couple years now and for the most part have been doing research on the countless combinations of oscillators and indicators. There is so much information on this forum that it is hard to digest. I have experience from Online Trading Academy's supply and demand/odds enhancers/etc as well has self taught from books and hours of research.
I hope to find a volume counter for the Line Break Data Series on NT7.
I´m also quite new to this forum. About two years ago I began with reading books on markets after I had read book "The Wolf of Wall Street". The more I read the more interesting I have found it. I´m most interested in stocks, so far I´ve made several trades but now I am going to dedicate it much more time and effort.
For many years figured i had purchased the most valuable gold in history. As a student in January 1980 went to the Bank to "invest" in metal. i bought a two ounce blob of Bullion at $850 an ounce. Happily walked back home with it in my pocket. A few days later i sold it back to the Bank for $670.
1981 opened a brokerage account with $1k. Account Rep allowed me trade grains and meats on the Mid America exchange. After losing half of bankroll then got some winners to let run. In a few weeks allowed to trade whole contracts including currencies. In a few months account nearly $6k. Account Rep seemed very proud of me, i was his boy wonder. He had told me not to listen to the old guys who would come in office to watch the prices on the screen. Told me they all lose money. My chart book had lines sketched on it. They thought it was math. All i was doing was imagining where the prices might move the next day and what i would do in each scenario. Hold, Close, or Add to position. Soon Account dropped to $3,800 and i stopped. Figured i was very lucky. Could not see a way to prove that i had an edge. Or even imagine where an edge could come from. Had no computer then. Had to sit in brokers office to trade or call in to ask for o,h.l.c. prices. Traded 3 months.
Got a job. Read lots of books on futures markets and certain games.
In 1988, opened $5k account with Index Futures. They gave great service. Still used chart book. Account did very well trading currencies and many commodities. Chicago markets opened a few hours before i started work. Would get up at 3AM to update charts by hand and work out the plans for markets contingent on how they moved in the first hour. Started wearing me down. Started making errors from fatigue. Driving to work and wondering if i had said to go short or mistakenly long two cocoa. Pull over to call in and sure enough had gone long instead of short. Asked broker if they knew folks who could trade my account. CTA's Peter Brandt or Larry Williams. Peter Brandt has an admirable record and backs it up. I went with Larry Williams. Sent him $20k. Was shocked at the size of positions he took. A flurry of trades. Talked to him. Told me he would continue shooting for the fences till he went off the cliff, or some such phrase. Asked him to close account. Got back around $5k. There were no winning trades in the three weeks he traded account. Maybe the winning trades got dropped into someone else's account hahaha.?
Too embarrassed to go back to index futures after that debacle. Opened account with Lind-Waldock. Service was not good bad fills and no fills. Example, Put in order on opening, to buy copper just above congestion after months of declines. In the last hour of trading it climbed steeply and closed limit up. Was stunned when well after the close they told me my orders not filled. That and pressure from work, i stopped trading with a small loss.
Still read books but not confident that it was possible for me to know what my edge was and what the volatility would be. Thought i would get historical data to do monte carlo sims. Randomly rearrange the data over and over to see what the worst scenario's were. But then i got mixed up with the study of different ways to create continuous data and where to buy it, how could i know the data was good? In games the distribution of outcomes is very close to normal. With futures there are "fat tails" and distribution unknown? Fat tails should be exploitable?
Am interested in Longer term Trading on my account.
Wondering if there are many long term traders on this forum ?
Am also interested in learning how members decide to daytrade rather than trade longer term ? What are the pro and con ?
Very interested in effective methods to evaluate the risks of trading, for the purpose of sizing bets for a given bankroll.
Is it possible to quantify your edge in these markets ?
Am also looking for brokers, simple platforms, data. And to learn about how to trade online. And how these electronic exchanges work.
How can i see which exchanges are electronic and which are still manned trading pits ?
Am interested in issues about trading from afar, like from Thailand.
A going to view a lot of webinars. - if you got this far, thank you for your patience -
I am basically a seeker. My educational, and professional background is in biochemistry, and cell biology,and I have spent many years critically evaluating data seeking patterns.
I got started learning about investment strategies, mostly long term. I take advantage of my employers % 401K match, and my investments are currently in low fee index funds. There may be better long term strategies but this strategy is probably the best for me at my current knowledge level.
However, as a seeker, I a compelled to learn all I can about a subject, and related subjects and have developed an interest in short term trading. I have read many books which has allowed me to better understand the lingo and grasp the principles; however, I will need to begin experimenting more before I can determine what type(s) of trader I might be.
Also, as a seeker, I can get sidetracked by subtopics such as math and optimal computer setups, and sometimes find myself almost forgetting about trading for awhile as my focus shifts. This is something I am trying to work on.
So, I am here as part of my process of continuing to learn.