Thank you for creating a site for people to come and share trading ideas. I am an absolute beginner, newbie, never even made a "daytime" on any kind of trading software ever. I've made trades of stocks in my Ameritrade account but never in the sense of the word "day trading." I have bought a stock and sold it a few days later but I don't know how to read any kind of trading charts, software, etc.
I am disabled and would like to make some extra money to build a little bigger nest egg.
I have been talking to a salesman for Vantage Point and I could get the software and 5 sectors for $1,900 plus the 300+ for the data that's fed into it. They say they will train me I've been reading about their proprietary technology. Should I get it.
If not can anyone tell me where I can get started at learning how to day trade or swing trades, read charts one stocks and indices. I mainly just want to trade stocks. I know this is a mainly Futures site but it was the only forum I found about trading so far. Any help in this matter will be greatly appreciated.
My goal would be to learn how to trade very well and start giving helpful advice in this forum.
The following user says Thank You to InNeedOf for this post:
Have been trading natural gas futures for 4 years. This followed a year of education provider support in Australia taking trade recommendations in various markets. Determined that my personality was best suited to trading one market only, which for me is Natural Gas futures - front month contract. I am a Day Trader with a focus on price action after 6am Eastern time, trading 1 Nymex futures contract at a time.
Have found Michael Douglas 'Trading in the Zone' a good guide to overcoming some of the generic mental challenges confronting traders. My former role as a Public Accountant and Investment Advisor have contributed to some of my challenges in learning to apply an appropriate Trader Mindset. Have had various iterations of Trading Systems for Edge Identification - then developed a series of Access techniques intended support a low risk and reasonable reward potential approach for IN/OUT decisions.
Much progress has been made however results are still net negative to date. I feel more confident going forward that consistent results trading one future are close. I then have a clear path for leveraging up with emphasis to adding positions in trending sessions/weeks.
I look forward to participating in some of the threads. I am especially interested in the market psychology aspects, and look forward to learning from other people's experience. More than happy to share my thoughts which will be more relevant when proven with consistent results.
The following 2 users say Thank You to TWRO for this post:
It's a pleasure to introduce myself and hopefully begin a rewarding and prosperous journey.
I'll begin by saying that I am the ultimate futures novice - if ever there was a pile of unformed clay that could be turned into some semblance of a futures trader, I am it. But I've always been fascinated with markets and finances and business...I just never pursued those areas, except to dabble with stocks in a modest TD Ameritrade account.
So I'll start with a little bit about me. I've been a consultant (company of one) for 16 years and before that worked corporate jobs for 11 years. I am an instructional designer and technical writer, and really like my work. I've been fortunate enough to find a niche and make a good living. A big part of what I do is to develop various forms of communications to help users learn about processes, software and hardware, tools - basically anything that a person can be trained on. My occupation is right up my alley because I love to learn about new things and it's great when I get to develop methods to teach these many varied subjects to other people.
And as I stated earlier, I've always had an eye toward the markets...
My goals, as I create this introduction, are simple, and I feel that with the opportunity to learn and grow on fio, those goals will remain that way. My background and greatest strength is to learn, and based on what I see in the forum this is an excellent opportunity to take advantage and give back to a thriving community. My goals:
Learn, learn, and learn. I don't know what I don't know - very cliche - but it's true. I look forward to becoming knowledgeable to a point where I can pass some of that expertise that has been bestowed on me, to future members.
Work hard. I'm excited to dive into the material, apply it, speak with all of you, and build something big.
Start by supplementing my income, take those incremental steps, and become prosperous.
I guess that's it. Or more like the beginning. I look forward to learning a lot, participating as much as possible, and forming some good relationships along the way.
Take care all.
The following user says Thank You to houghstr for this post:
I have worked in corporate finance for 20+ years, what puts me at a great disadvantage when it comes to trading. Trying to unlearn a lot and control my emotions - most difficult part by far - while growing my account.
I trade mainly discretionarily and directionally futures markets such as ES, CL, GC and E6, often through options or combined with them.
The following user says Thank You to tradingatLarge for this post:
I've been trading for 8 years. I started with stocks, later with forex and the last 2 years I've been trading futures. I trade ES, NQ and sometimes CL and 6E. I'm a programmer, so basically I develop strategies and try to get some money in this hard business (as we all do).
I'm very interested in every aspect of computational trading and, of course, in learning from all of you.
80 to 85% is a unrealistic goal even for a veteran trader. Im am not a veteran trader but had that mind set from the beggining and after a few years so far have come to realize that truth from myself and other experienced traders that have demonstrated proven results through watching them call trades. Sorry to burst ur bubble. Set lower w/l rates and establish a trading plan around those closer to 60% some wven say lower unless ur 80 to 85% was account growth then this message means nothing
Sent from my SGH-I337M using Tapatalk
The following 2 users say Thank You to DRock306 for this post:
I have been trading approximately 7 years now with minimal success. I started out on a whim and knew absolutely nothing. I didn't even know what an indicator was when I placed my first trade. I didn't know indicators existed. Then I started trading with a "guru" who turned out to be nothing more than a scam artist. Unfortunately I picked up some bad ideas from him. In theory they sounded good but in practice they were horrible. In the last 2 years I have slowed down the bleeding not because I wanted to but because funds were getting low. Last year I finally began to understand what I think I needed to know. This year the account is on an upward trend but very slow. I have a major psychological barrier of fear resulting from all those wrong way trades I used to take.
The following 3 users say Thank You to coldeyes for this post: