You have come to the right place for info this place is loaded with so much u mite get lost for hours/days in here. Has happened to me a few times lol, ur looking for a edge "your" own edge that will pop out to u on the screen that you can repeat. Some have there own idea of a edge and just need confluence from watching others some need to watch others to find out what there edge is. When u find that edge and can repeat it day in/out you will know ur ready to be a trader. Best of luck to ya!
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The following user says Thank You to DRock306 for this post:
My name is Andy Nguyen I stumble to this site by searching for informations on ES vz ZB spread and found this site. I first started trading futures in 1986. My first account was $3,000.00 and T-Bonds margin was $1,200.00 last me for 3 months close account with $800.00. Then open another account in 1988 with $3,000 I last for few months again close the account with little over $1,000.00. Now I have a small account and looking to put more money after I kick my mortage out the front door.
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I'm new to the forum and to trading. This is by far the best investment of my time in learning. Thanks everyone.
Question: I'm trying to decide on IqFeed and Sierra or stick with ThinkOtSwim. What's the major difference?
Also, I'm trading on Nadex therefore does all this matter anyway?
Hi- I've been a trader my entire career,starting in college where I took my student loan money and blew up. After that experience, I started to read about technical analysis and started to trade based on classic chart patterns, which worked for awhile. Again, I borrowed $5000 from a bank , opened a margin account , in 3 months, the account was worth $120,000.
I was 23 and so proud of myself that I bought a brand new BMW(1976), took a vacation to Acapulco , and yes I inhaled!
In Mexico while I was living la dolce vita, I had a long copper position on , on the basis of a major strike by the copper producers that would decrease the supply. Well, you guessed it, there was a strike, except the 2 major copper producers, Kennecott and Phelps Dodge settled and copper was limit down for 3 days! Not only was I wipe out I went into a $20,000 deficit . I was a broker for Bache at the time and that was a Nono , I was almost thrown out of the business, but I settled and agreed to pay the money back plus 12% interest and I did, it took me 4 years but I paid everything back, par plus accrued. After that I did a lot of sole searching and there were no mentors back then, so I had to figure it out for myself and I wouldn't have wanted to do it any other way. I tell people I'm autodidactic , self taught, the school of hard knocks, and I'm still learning. I then (1978) , couldn't take losing money every year , so I read a book called " Beat The Market", by Ed Thorp. That book turned me from a losing trader to a trader that was making 20-25%, returns consistently . I was managing $12mm dollars at my peak in 1985, I was living in New Haven,Ct. then, and no I didn't go to Yale. I always wanted to be a Wall Street trader, so I parlayed my little business into a career on Wall St at what is now one of the top hedge funds in the world(AUM $25bil),. When I joined in March 1986 we had $200mm and making money and then the crash in 87 came and we made 6% for the year and investors redeemed and our AUM went to $80mm , when I joined I was a Sr.conv arb trader, then migrated to distressed debt/ bankrupt investing ( which I loved), then to the number 2 person running trading,research an portfolio managers. When I left in April 1999, we were managing $2bill. So here I am , 62 trading my own money and excited to be an elite member of this elite group. I hope you enjoyed my little story, I left out the good stuff, like the ferraris, well just one,and the plane, well truth be told I gave a bridge loan to the owner of the plane, he was a real estate developer, collateralized by the plane and the property. I sold plane and property because I'm a trader .
I'm honored to be a part of this elite group and look forward to chatting with you all, enjoy.- RD
Last edited by ralphd; August 8th, 2016 at 12:46 PM.
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I don't know if this is the right forum, but I signed up for the elite membership and contributed the $100. When I signed in it didn't recognize me as an Elite Member, what do I need to do on my end? Thanks Ralphd
I have read several interesting topics in this forum, and eventually I have decided to sign up. I have experience in swing trading with EOD bars using technical analysis, but I started becoming interested in intraday trading 2-3 years ago. I know several things about Price action, but I knew very little about volume and order flow until recently (I have attended an interesting course). I want to increase my knowledge on this subject in order to improve my intraday trading, which has been very inconsistent so far.
Hi I'm a new member and have started trading futures this year. I started out with sim to help get comfortable and originally had more negative days than positive yet that's started to change with focus and a better understanding of technical analysis.
I'm looking forward to learning more with this forum and offer what insight I can to others.