I am primarily an equity and index options trader. I don't have a lot of experience in futures trading. I use futures primarily for short term hedging of my options positions. I am interested in trading futures more actively in different markets. And I look forward to learning much from you and other experienced traders here.
I am new in this forum but I already found it very very interesting, usuful and full of great information/tools.
I am a beginner/intermediate trader and I hope to have the opportunity to grow with the forum and to give back something to the community.
Really happy to be a member of this forum! Quick intro:
- Native Swede
- Fluent in Swedish, English, German
- Independent consultant and trader
- Started with stocks in -98, now focus is primarily on equity index trading (futures & CFDs)
- Quantitative and statistical approach to the markets, trading time frames from 1min to daily
- I have roughly 20 fully automated systems running
So I have some experience, but much more to learn. My system development action list is getting longer and longer. So much to test and so little time....
Most of my experience is with DAX30 (Germany) and OMXS30 (Sweden), but I also have systems on DJIA and I want to diversify into Crude, Gold, EURUSD and other liquid markets.
I'm not new to 'investment market', but I'm still not able to trade for a living so I'm considering myself a newbie. My best result so far is 30% return in 9 months with a sharpe rate of 2.5-3.0 in euro/usd with a very small forex account. I use long time frame to achieve this.
Now I'd like to try daytrading to see if I can make a living.
My advise to those who are fresh new to market:
I was quite naive in the past about making money from market. My conclusion now for the market is - it's a zero sum game. Derivatives markets are just sucking money machines. The 'market' sucks the money from those who don't really know how to spend their money to enjoy their life. 'The Big Short' movie tells the nature of the market.
If you really want to try daytrading to 'get rich',
1. Please learn order flow to follow the 'sucking money machine' trend and not against them.
2. Cut loss if your position turns into negative when the market breaks the trend's bottom price level which you've jumped in.
and the last thing I'd like to say here is,
For me, the only true 'investment' is through stock investment which invest real money into real businesses and it takes time. It's like a farmer you sow, you work and you reap. In stock market, you became a capitalist, you sow but others work, and you reap. But to become a capitalist, you need to learn a lot of things too. Analyzing fundamental of a stock can be time-consuming and it's no different as working an office job. There are two old books talk about real investment which I'd like to recommend to those who like to read, 'the wealth of nation' & 'Das capital'. My personal opinion about capitlism is that - it goes into wrong direction now (work hard to make more money more gdp), instead the right direction should be we work hard and we work lesser and lesser hours. Population is also an issue.
Glad to be apart of this community and looking forward to learning from all those who contribute here. My name is Jose and have been into trading snce 2008. The whole financial crisis opened my eyes to the world of equities, derivatives, and so on. I currently trade treasury futures, mainly 5 yr notes .I will be starting a journal on this site to help catalog my trading journey now that I have recently reduced my hours at my full time job in order to build my own little trading empire
I am a new member of the community. I am happy to be part of the family. I am from India. Started trading about a year back. Lost some money but nowadays at least able to make small gains and minimize the losses. I was trading based on the tips provided by the tipsters . I am here to learn from the " Trading Gurus" and learn tricks of the trade from enough teaching material available in the forum.
Best regards for all.
The following user says Thank You to kumarkallur for this post: