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I am quite new to trading, but like to become a profitable trader full time. Glad to be here, I know this is the place for me to start this rough journey. I will mainly focus on trading ES futures. Lot of info to digest, very challenging, but very exiting. Wish every one good luck on their trading.
Tim
Can you help answer these questions from other members on NexusFi?
Hi everyone,
About 6 months ago, while streaming youtube for trading info, I came across Big Mike. I digged just a little bit and found a tremendous amount of information, a lot more than I can handle. I started trading in the early 80's, lost money and experienced a margin call. I did not know anything. My future account was then closed. I later bought a program called Omnitrader that had been just released. I used the program to trade stocks here and then. I tended to take quick profits and let my losses run. Obviously it did not turn out good. In 2001 I bought a small business. I have spent a lot of time running it, and it did pay off. I now have a steady income, paying a lot of taxes. I have not been able to delegate so I am still tied up to the day to day chores. I am attracted to trading. I want to learn how to trade and invest. I understand it requires education and training. I know that I do not want to be day trading. My time frame for a trade would be several days to several weeks. I would like to trade FOREX, stocks indexes, and commodities futures. I realize that I am a beginner who need guidance in education and training. The information provided here at futures.io is overwhelming. It seems it would take me years to read and understand what is presented here.
Presently I have to choose a brokerage firm, a trading platform, a data feed, a record keeping program and ...?
I am not a tech savie but am willing to learn.
Thanks.
Jean-Paul
Hi everyone, been involved in the trading world since 2001 when electronic trading was a new thing, and decimalization was a disaster for some (and a boon for us). Have been trading mostly cash equity, some futures, and might look at options and fixed income in the future.
Right now getting to grips with R and Python, emotions and semi-manual trading need to go out the window, too much money is lost on early profits and late stops. Learning how to program myself now, because what the programmers pump out is not sufficiently in touch with market reality, and this is the only way it is going to work.
I try not to trade through intermediaries, instead my company has its own brokerage deals on some markets.
I am trying to figure how to make my Lake Ratio better as its one of the criteria of measurment in the trading contest I am in.
I understand that I need to make my profits bigger and or reduce the depth and duration of my drawdowns but dont know exactly how
Do I need to cut losses faster and risk missing big winning trades or do I need to try for a higher winning trade percentage?
Is there anyone who understands the lake ratio formula who can help out there? While I totally like and totally get the logic behind it, the problem is that it is the method of getting the Lake ratio better that I dont understand.
I've been trading since February of this year. Man has it been a rollercoaster ride. And that's not a great thing. Learning to keep my emotions in check has been my biggest hurdle. I've been trading Emini's for the last few months. I still have those times where I remove stops, over size and chase it down the tracks. But I am slowly becoming more disciplined which I feel is a major key in becoming a successful trader of any security. Rules. Rules. Rules. I'm glad to have found a group of people that understand my drive. I look forward to learning all that I can.
I trade stocks and options, learning to trade futures ...
