Thanks for accepting me into the community. I have been trading on a small scale for some while now without any lasting success. My exit strategies leave a lot to be desired! Hoping to improve with the help of this forum.
just a short(?) introduction. I have been trading the globex & eurex for the better part of the last 5 years. Apart from that I'm self employed within the security and counter surveillance business in Europe. I retired from being operational in my company on a daily basis some 6 months ago due to severe health issues, and have taken up trading full time ever since.
Like some other traders out there I find it comforting to know that every day (or at least week) brings a profit, and this makes me look forward to every single trading day.
I am by no means an expert trader and been through the same trials & tribulations as everyone out there who is really determined to make it in the market, e.g. losing X amount of cash, pinballing between commercial trading rooms, you name it. Finally, I have found my style which keeps me comfortable & profitable
My style is price action & raw data (volume & breadth). I truly believe that consistency and confidence in a sound trading plan is the key to succes (or the holy grail if u want).
I am looking at price action combined with volume and various breadth gauges. I respect people that use systems and truly believe they can be profitable. But it's just not my style, however I learn a lot from studying them.
Thanks a bunch to Big Mike and the other contributors to this site. I hope to give back at least as much as I take here.
Last edited by jerry828; June 17th, 2010 at 04:05 PM.
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I traded some Forex back in 1997, lost about $1,700 overall in 4 months (miracle I didn't blow out the entire account - I had NO IDEA what I was doing). Got out of it.
Got back into (Forex) demo trading, reading some books, etc back in 2003-2004, but did not live trade. I didn't get the hang of it so I dropped it.
Got back into learning and demo trading Forex again in late 2007, and got serious about learning the art of trading, but I came to realize that while I had learned pieces of the business, I had not fully integrated those pieces into a cohesive outlook. After about 6 months I set it aside, knowing there was something that I wasn't "getting" (my demo trading showed me that), but also knowing that when the time was right I would return.
I've been lurking back here for several months and I have to say that things are starting to click. I'm dumping Forex and going to learn futures (minis), for a vareity of reasons.
I hope to learn enough to be able to contribute to this site - the wealth of information here is overwhelming. I also donated for "Elite access" today, and I hope like heck everyone keeps on plugging away.
Thank you all in advance for the generous contributions of your time, efforts, and talents.
I am new to trading and am very happy to have found Big Mike's Day Trading Forum. From what I have seen so far I can easily say that I will learn much about trading. It's amazing to me that although simple in nature, trading can be so complicated. Somewhat like the game of chess. A big problem for me is that I work during the day and it's difficult to follow the market as closely as I'd like to.