Ivan here. I'm brand new to trading. Starting in April 2016 I started trading stocks. I did this with a very small account and a tiny risk limit (goal was for 1R = $20). I was looking to see if I would be overwhelmed by the emotions of trading. While I did get a new experience with emotions, I did not find myself being overwhelmed. From that experience I decided I want to dive further into trading.
At present, I have stopped actively trading so I can save more funds to increase my account balance. Once I hit an acceptable threshold I'm going to delve into futures using market / volume profile.
Between now and then I will be doing the following:
- working on psychological / emotion issues
- educating myself more on volume / market profile
- switching brokers
- switching and learning new platform
My goals in joining this group are:
- sharing any useful knowledge or information that I run across
- finding like minded individuals
- finding individuals traveling down the same path as me
- gleaning what knowledge I can from others to improve myself and my trading
My priorities in life are my faith, family, and learning to become a trader.
I look forward to sharing any knowledge or experience I possess that could help anyone else out.
And good trading.
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My name is Aswien and I traded my first shares when I was 18 years, that was in year 2009.
After losing some money, I was very lucky with a share that rose 100% in two weeks, most of the shares were all time low though. I made some long term investments, but unfortunately I didn't make any money with it. I left some shares in my wallet (I still have them) and started with own projects, both cryptocurrency related.
Now I'm back and I would love to learn more about the trading markets, especially CFD trading. This forum is a great opportunity for me (and everyone else) to learn and to share their wisdom.
Lets get ROLLING!
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I'm carefully dipping my toes into the water here. I'm not a trader, have no experience, and nobody around me to ask. But I want to learn. I retired a few months back after having worked as an accountant, a marketing manager, an airline pilot and finally for the last 18 years as an IT person.
I started looking into trading E-minis earlier this year, got a couple of books, installed NinjaTrader and then my (much) better half decided she wanted to run for local office, so the day after my retirement I was a campaign manager.
But I can get in a bit of reading now and then and after a number of hours spent on Investopedia, this place seems pretty nice - not to mention highly recommended.
I do have some goals; I will trade ONE contract until I consistently make winning trades, starting with simulated trades. I've read somewhere that an 80% to 85% win rate should be possible. I don't know if that is correct or not, but I'll strive for winning weeks. Once I get there I will increase the number of contracts per trade.
When I have $5k+ in profits, I will buy myself a Rolex. After that I will re-evaluate my goals. However; all of this is subject to change as I learn more about this trading thing. I may re-evaluate my goals tomorrow.
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My name is Shen(Sean) Zhen, finance graduate. After graduation I joined the same company where I had done my internships twice. I was on the research side, and would have to come up with a price targets on stocks! Using DCF models and its variations, the price time would always be met, not because we were a smart bunch, but because over a period of time the market flies! But the killer thing was the volatility, which would take a stock down along with the market, before the target is hit.
Whilst I was still thinking that there must be a way to be on the safe side, or limit our down side. I started to delve into learning more about options in details. It all started to make sense to me, and I was like lets go online on twitter and follow traders! I can reverse engineer trade setups, or maybe get in touch with a consistent trader, from whom I can learn.
Well I did get to meet a person online, who had a great "twitter track record." He was teaching his holy grail course, so I was like why not give it a shot. So I did paid for the holy grail indicator, and ended up on the losing side of trading!
Well this was the beginning of the chronicles of Shen(Sean) getting suckered into numerous other courses and DVD's from these twitter gurus! Yes I was that sucker who people say is for every second. After trying almost all the hyped products on twitter. I just started to go over different forums, and read other traders story. The most common theme for the successful ones were that you need to work on your own. You need to go over numerous charts and look for patterns, practice them, have a risk management plan, being disciplined so on and so forth!
It all came down to understanding the price action and the volume! So after blowing through 6 accounts from stocks to futures, and trying to learn holy grail from twitter gurus, since 2011. It was in 2014 when I started to see some light that I could do something in trading, that's after one night I went over many of my trades, and spotted a pattern where I was taking longs, and losing but that pattern was showing up over and over which was screaming to go short. The next few days I took 10 days off from my work, and only focused on trading. I saw this pattern develop and would take a mental trade, and it started to work like a charm. Now in the last three days that I was off, I decided to go live. I shorted this stock and made quick $237.63 after commissions it was a $6 dollar stock. I was in the seventh heaven, and the next two days the same suit followed. I was positive in the trades that I took.
I was like I've got onto something that is working for me, its no indicator, its just a candlestick pattern, and its working like a charm. But then the only downside to this was, that I could only short stocks, and sometimes there would not be borrows on the stock, and on days I wouldn't have stocks that worked in my watchlist. In addition to that having a full time job, I couldn't monitor the stocks during the live market. I was at the desk and had access to charts and what not. But to be present at that moment when the pattern develop it was a bit difficult.
Then in 2015 I started with futures, this was a whole new era for me. I mean with one contract if you're in the right direction making hundreds of dollars was doable within seconds, and if you're on the wrong side, you could lose a ton within a blink of any eye. But I got hooked to this, because I could concentrate for 30-40 minutes before work and if the pattern develops I can make some dollar. The other good side was that I did not need to make a watchlist! So all in all I was just happy with trading these futures. But the inconsistency was a killer, on days I'd be up and on others I'll be down. At the end of the month either I'll be up few hundred dollars, or would have lost chunk of my capital. Net Net it was a losing game for me. I didn't lose the hope, and I kept on working. Since mid March I've been working on something which has helped me to become consistent, but its one of those patterns that only work when the market is range bound. As soon as it gets into a trend I get slaughtered, but if its in a range, I could easily knock 2 points on TF or 3-4 points on ES,. Since March I've been up month after month, but there have been some real serious drawdown on trending days. But I'm working towards succeeding in this business, and sooner than later with great knowledge from the traders on futures.io I hope to succeed and one day be able to quit my job to become a full time trader.
I thank you Mike and the team for sharing such great knowledge and making a trading community which is helping one learn and grow. Good Luck to all!
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I've been a stock investor all my life, but I'm intrigued by short-term trading. A couple years ago, I started moderating a trading course put on by a 78 year old who'd been a full-time trader his entire life. Needless to say, it inspired me to give it a try. Since I can't leave my day job at this point, I've been dabbling in it off and on for a few months (eMini S&P). Not doing great but haven't blown out, either. I know that if I can continue to work on the discipline, I can make this work. Anyhow, met a popular member of this group on the water this weekend and he told me about this site. Thanks for all your great posts. Hopefully, I'll be able to post some of my own as I learn more and find the method that works best for me.
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