Although I am a geologist/engineer who has started his career working in Oil Platforms around the world. I have always had a passion for investing and stock picking, which transmuted to swing trading FOREX (one account blew up) and now Futures Indexes and Bonds: (emini ES, US, TY).
I am stuck in the phase 3: Gain a lot, lose a lot = breaking even. I am still a part-timer and my dream is to become constantly profitable and go full time.
The frustrating thing is: I can turn a 10K paper trading account in tradestation, to 15k in a month. Trading the same system, but when I go live I start overtrading and get slapped in the face I am looking to buy some common sense if any of you folks have it to spare...
I'm a fairly new trader. I have about a year and a half under my belt and I've had mixed success. Stocks I was okay with, long options less and so spreads were not good at all.
Part of my problem was lack of dedication (did not put the time into that you need to). Between work and family it can become a strain and during those times I wouldn't stop trading and another problem for me was that I was trying to swing trade with a short term mindset. What I mean there is that I have very little tolerance for risk and often would bail on a position at the wrong time. Day trading the /es has worked far better on paper because I'm more comfortable being able to have a tigher stop.
I have some time off work and have decided to start day trading /es and see how it goes. Friday 3/4/16 was my first day. I intend to start a journal here to track my progress.
Hi there all. I live in the U.S. .Have been paper trading for almost a year now . Not exactly sure what im wanting to get into. I really like the forex considering my schedule and it being 5/24 . I know this is more of a futures forum setup but i was still hoping that i could be apart of this and learn some stuff. I have some questions about TOS/ TDameritrade. Biggest question is have anyone pulled any money out from these guys because all i hear is bad stuff. Thanks guys
I'm a military spouse and, after our last move, also a stay at home mom. I want a way to contribute to the family income. I am a quick learner, so I hope that will apply to trading as well. It would be nice to have a way to bring in a little extra money and not have to worry when we are told it's time to pack up and move again. And I can do it while the kids are at school and then still be available when they get home. My only problem right now is that we are on the west coast, so it's almost two hours into the trading day before I have them off to school and can sit down to the computer to work on this. I actually found this forum because I had searched futures trading journals, I have been told to be sure to journal everything I do, even as I am in the simulation, but I was wondering what the most important basics are that should be in the journal. I figure, start with the basics, what is most important, and as I grow and develop as a trader I will begin to see what else would be beneficial to track. Look forward to interacting with everyone and learning and sharing.
I am and Irish man living here in the other Sunshine state (Queensland, Australia). I am an engineer, who has for most of my career worked in oil and gas and mining, but more recently have left that behind to start up our own business.
This is my first foray into futures and I must say this forum rocks. I haven't asked any questions yet as somebody seems to have already asked most of what I was seeking to know. The recorded webinars are also a godsend.
A few life changing events (including a broken neck believe it or not), have me and my wife really changing things around in our lives and I hope developing the skill to trade futures effectively will allow us to bring some of our plans to fruition.
I have been actively trading for years, including trading an automatic EOD set up on the S&P 500 stocks. However, I have always been nervous about futures, mainly because I knew very little about them... but I am beginning to get my head around them now, thanks to you all. My auto trading stock set up only gets signals about 30% of the time so I am looking to supplement this with some futures trading, starting small and seeing where we go from there.
I plan to start with the Mini Dax with discretionary trades based on price action (which is something I have always had an interest in), and after the last few weeks testing platforms I plan to go live sometime next week (once a separate broker account has been confirmed). I will post my trades.