Just wanted to introduce myself to the forum seeing how much I have learned from here. I don't really expect anybody to read this right now, but it could be a cool genesis to my trading career should it take off. This might be a bit long.
I am an ex-professional poker player who decided to quit while ahead. I quit mainly because I didn't like the direction my life was heading; being in casinos, the hours, the hustle aspect... just wasn't for me. I had been doing it for about 10 years before I quit.
I had built a decent bankroll and wanted to do more with my life. I ended up getting a MA in teaching and have been a teacher for 4 years now. While life has been more socially fulfilling, I do not have that true passion in teaching. I have been exploring trading since before poker but never really got into it. This last year I have been looking at futures intraday more seriously. I discovered this forum and sapped as much information as possible before even starting to open a trading platform. I actually knew about it when it was called BMT but didn't take it too seriously back then.
After spending about 10 hours a day for the last 3 weeks (every morning before work, and every minute after), reading threads and watching webinars, I have gotten knowledge that might have ordinarily taken years to gain. I am obviously still a total noob, but I am confident. When I started SIM trading I was an obvious failure. I started looking at holy grail methods, specifically SuperTrend/Rampage, Perry's Method, then the Wizard's Den. I started messing with my own tools and quickly gained, what I perceive, as an edge. In my 10 hours a day SIM trading, I do market replay of random days in the last year and have found that I am *extremely* profitable. I convince myself that this is beginners luck when I look at the people struggling at TSTs combines, or just what industry standards are for profits. Also looking at the whole meme of only 5% of traders are successful, I am constantly doubting myself. There is simply no way that what I am doing is sustainable.
Perhaps there is a chance I am a natural at this, as I was at poker. More likely I am lucky. I recognize that. I will continue plugging at it SIM trading until I am absolutely convinced. I might do a journal, if I am convinced of my edge trading.
Some of my biggest influences in order of power in influence; I trade CL:
Adam Grimes using data to "prove" what has an edge and what does not
Al Brook's Price Action / webinars - elusive price action thread Random line theory thread
@Fat_Tails work on different indicators, his threads about them
@big_mike 's trading journal, reading from start to finish. Fascinating advice and his own progression in trading.
@lancelottrader 's crude trading journal
On SIM, I average between $400 - $1000 a day, trading 3 contracts a day. Largest day is around $3000. Since I have gotten my current setup, I have not had a single losing day (starting 10/28). At this rate, as some people have said before, I should be working for GS. I realize this isn't realistic, I am not a miracle worker, and I am probably lucky.
I SIM CL trade on NT7.
Start looking at the market at 7:25 AM till volume dies out in the afternoon.
Using 60 min and daily on one monitor
5 min, and 800 tick charts split on another.
I mainly use the 5 min to take trades. I prefer trend trades but sometimes counter-trend is too obvious to miss.
5-25 tick SL, 10-30 tick TP. Never worse than 1:1.
2 contracts is first TP then I move my stop accordingly for last contract.
I take on average 1 - 4 trades a day. No max profit or max DD. I take what I see.
anaBetterVolume with overlay on the 5 min (amazing for low volume/churn bars)
anaKeltnerUniversal (for my counter-trend trades)
MurrayMath (a good psychological tool for me, I take it with a grain of salt)
PriceActionSwingPro (a crutch because I am a noob still, a good training wheel)
TickStrike (exploring for trend trades)
I have learned all of this in about 3 weeks from here with basic market knowledge beforehand. Let's see if I am full of bull for the long-term (I probably am) or if I can turn this into a profession. I read so often that psychology is the most important part of trading. Poker has conditioned me to probability, variance, drawdowns, tilt, confidence, and self-awareness. If psychology is the big part of the game, I think I might have a chance.
I expect to go live in 3-6 months with a 100k account. I might journal.
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I'm hoping this forum will serve as a valuable resource in my trading. I have some experience trading stocks and forex. I dabbled a little bit in options and I'm brand new to trading futures. I've joined this site quite a while ago but this is my first time posting.
I'm a beginner in futures trading. I try to look for valuable information that will make my journey through the world of trading "less bumpy" I read some threads on this forum and I see that I can find here a lot of interesting topics (some of them most certainly contain what I'm looking for). I am also interested in an elite section of this forum - I think there is a lot of useful tools, recordings and additional information. So I'm glad that I'm here.
Futures trading is like a bad woman that you just cannot resist. I've blown up 3 accounts with off the shelf systems, expensive training and can't miss strategies. I keep telling myself to just walk away but I can't, I love the action of a successful trade.
I am fixed on learning how to trade, controlling my emotions and only taking what the market gives without forcing the action. We shall see where this goes. I am sure that I am in familiar company.
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