My name is Francisco, 38 years old
I live in São Paulo, Brazil, and I work in a local hedge fund called Absolute
I have been working in the financial markets for 18 years and I trade basically all markets
I am very happy to be part of this forum and I look forward to sharing ideas and learning a lot from you all
Right now I trade mostly discretionary, but I have models that I use as filters for my trades
I am in the process of improving my testing abilities and my plan is to develop many systems across different markets and time frames to trade mechanically
The platform I use to trade abroad is Tradestation and right now I can only write basic/intermediate codes in EasyLanguage
Hello! This is my first post after lurking a bit. I am a novice trader who blew up 20% of his risk capital in Forex four years ago, quit, and I am just now getting back into the game.
As of three weeks ago, I am again trading live, but this time with a really, really small amount of capital, just $250. I day and swing trade using technical analysis (price actions, moving averages, Bollinger Bands) and mostly the daily charts, looking for trade setups on all of the major pairs plus NZD/USD and the crosses between major currencies (like EUR/GBP, etc.). So far, I am averaging three trades per week. All entries and exits are discretionary.
I may be a bit unusual in that all of my trading is done on a mobile platform with my iPhone.
I do not plan on scaling up until I double the account and/or am still successful after a year, whichever comes first, to give me confidence in actually having an edge. I also only plan on scaling up significantly once I either double the account a second time or another year passes to give me more confidence and some experience with the psychological effects of scaling up.
Wish me luck! I am learning a lot here. Great forum.
Last edited by me7062a; September 4th, 2015 at 05:33 PM.
Hey there! I funded my first trading account in the summer of 2008. In my opinion I blew it out, but I suppose some traders may look at it as just a rather large draw down (60%). I opened a 2nd account with TOS on March 4th 2009. I soon left this account in a walker as well, which is really surprising given how bullish I was at the time. In fact, I was so bullish on March 3rd that I called up TOS to see if they could expedite my approval. The market bottomed 3 days later, I knew it, and I still blew out my account (draw down = 70%). Even more remarkable is that I never traded on margin. I regrouped, refunded that same account, and all has been great for the past 5 years. This is just a hobby for me (and will likely be so for at least another 10 years). Day job as an engineer and marketer.
My trading style is discretionary for entries. I mostly trade breakouts in smaller capitalized equities using a 50/50 weighting of technical and fundamentals. The HFT pros simply cause too much volatility around the buy point for the larger names. I also trade support/resistance, particularly trend channels with futures products (S&P, metals, softs, rates, etc). I am in the process of moving the majority of my capital over to IB for two reasons: 1) better fills and easier comm structure. 2) Last week's debacle at TDAmeritrade related to their platform glitch on one of the best trading days I have ever seen. They simply can't handle the volume so it was time for me to move to a broker that can. I still plan to use my TOS account for charting, as there isn't anything on the market (for a retail client) that can come remotely close.
For risk management I use a combination of implied volatility (for the equities that have options) and historical (ATR) to set my position sizing and stops.
Excited to learn more. I'm currently working on a matlab interface that can do some simple portfolio backtesting.
The following 2 users say Thank You to Caldacan for this post:
So....Just blew up my account......needed to take a step back....series of very poor decisions in hind sight....really need to take emotion out of the mix. I'd really like to do this as a full time gig...I'm a software developer for my day job. Since I'm a developer by trade...I thought....hmm....this is stupid...why don't I try my hand at developing some trading algorithms. This site has come up quite a bit while researching day trading.....so here I am.
I have been trading for about five years. After about three years I had an extraordinary run of success trading Forex using MT4. I thought this was easy and was making six months salary in a week so I gave up my day job and went on a world tour and when I came back to trade, nothing worked as it had previously and I ended up blowing up several accounts.
I am from Melbourne Australia and have recently moved to Athens in Greece as I thought my trading account was similar to the Greek economy so I should fit in quite well even though I don't speak the language and don't know anybody here.
It is my intention to use my time here to learn how to trade profitably consistently if that is possible.
I came across Big Mikes forum and have worked through many of the webinars and from that used some of the setups that various people people had given out from which I had some success. Unfortunately as I had too much time on my hands I decided to move from a daily timeframe to one hour and down to 15 minutes. That proved to be a disaster as many things that happen on the daily aren't transferable to shorter timeframes, so it was back to the beginning again.
In the webinars I was particularly impressed with Adam Grimes and have purchased his book (to add to my overstuffed trading library) and am currently working though his trading course.
Any useful tradable advice would be welcome.
Hello all, just a newbie looking to get restarted with a new approach
Hello all, I share the same story as most Im sure. I am here looking for advice and help to become a successful trader. After years of getting involved in trading and getting my ass kicked a few times but thankfully never any massive losses but never any huge gains either I am here in this forum looking for some advice/guidance to help make me a the trader I know I can be....successful and profitable.
My biggest issues seems to be the feeling of getting scammed by all the potential services offered. I am looking for some solid advice to point me in the right direction so I can learn from the best or at least from the pretty damn good. I know we are all different people/traders. I dont mind taking risks to get rewards, I actually kind of crave it. I dont expect an"easy" way to make money. I am here to learn and move forward and hopefully get pointed in the right direction. I dont expect anyone to MAKE me money but if I pay for a service or advice I do want to the truth and not some altered or expected results based on back testing.
Can anyone point me in the right direction? My preference is the mini's I believe. Day trading seems to be in my nature but I could be wrong and I am willing to examine myself and make the necessary changes to be successful and profitable.
Thanks for reading this and I wish everyone the best.
The following user says Thank You to RaySteel for this post:
Nuno here from Portugal. I've been reading and absorbing all I can about trading. This forum kept appearing in my quest (google search's) about trading. I currenly have a day job and my goal is to educate myself about swing trading and to potentially make an extra income. Hope to have an active participation on the forum, to help and be helped.