I joined BikeMikeTrading to become a better trader. Apparently, everything I do will go against me. Indicators cannot save me from all the bad trades since I'm an ADD trader. I can never make it as a trader but it takes away my boredom. What I need is a trading shrink to change my losing trades into winners. Some of the things I do are trade at the news, buy high sell low, buy low sell lower, not consistency with one trading method, indecisive stop, trade on low volume, trade till lose, using martingale strategy and hoping to win it all back. If people would do opposite of what I do, they will be a successful trader.
The following user says Thank You to coysurf for this post:
Hey guys I just figured I would post here and introduce myself I have posted a few things already but I just noticed this intro thread. My only focus is the ES mainly because I can only focus on that or I start losing focus and money. Besides, I figure if I can master the ES I can do anything! I just posted a blog that I started yesterday in the main area of this beginners area.
I am just a beginner in trading world, trying to educate myself. I am 67 years old and not very conversant with use of computers. This forum is great and had lot of information (which i read and forget next day).
When ever I visit forum, I see a line on TOP, you have not "contributed anything to commiunity". absolutely correct. A person who does not know abc of programming and market, I think he will be wasting precious time of active traders by his dumb questions.
I always believe in observing things and when appropriate, i do comment (they should be meaning ful and helpful to others.)
Mike I believe there is some place for old timers like me to stand in the corner, if you permit. thanks.
The following user says Thank You to willyad for this post:
I primarily trade futures and have traded for a few years. In the past the trades were in a variety of futures contracts and were held for multiple days. At the present time I primarily trade the S&P 500 emini futures contract with the positions exited by the end of the day.
My aim is to enhance my trading by continuing to improve my model of the market and the means to recognize when there is a positive expectation for entering a position (with an acceptable risk). I am also interested in the means for quantifying when the expectation for holding a position has diminished.
Consistent with those aims, I have developed indicators and systems to evaluate and quantify the historical performance of various trading concepts. Previously Tradestation was used for this evaluation, however, at the present time NinjaTrader is the preferred testing and trading platform.
I have developed and used enough systems to realize that few mechanical systems continue to work consistently over an extended period of time. It's like once the idea of a specific system becomes identified, others also identify the concepts of the system, and when the concepts become commonly known and used, the profit of trading the system almost always declines.
I think it is important to develop statistics for evaluating ones trading. If a trading methodology isn't working, it's probably better to diversify or quit trading it.
The following 3 users say Thank You to Atlatl for this post:
I'm happy to find this forum and look forward to finding some foolproof ways of making money
I primarily trade the ES and have done so for a few years at a few firms with a few platforms. Always looking for the latest and greatest of all (systems, strategies, platforms, etc.), but my trading is simple and I've not done too poorly, so I guess I can't complain too much. I guess that is kind of my motto; simple, simple, simple.
Good evening/morning/afternoon depending on your location.
I have been trading for many years, using a multiple of styles and methods, as a market maker and trader for 19 years in equities, options and futures. (that means nothing but it also implies possibly I have some sort of idea)
I have stumbled across this site and it looks interesting, informative and open minded.
From my experience there is more than one way to skin a cat and how you make money in a market is irrelevant....so long as you are making money. No one style is right/wrong or meaningless/meaningful.
On that point, I hope my contribution to the site is never to tell people how to make or loose money or how to succeed but more to raise questions, and offer any personal experiences (right or wrong) - devils advocate type.... if you like.
As trading is such a personal endeavor I believe that often sometimes the "Ah-Ha" moment can come from anywhere, and while many think its a matter of time, to me its a matter or perspective.
I hope to be positive, inquisitive, questioning and non-judgmental.
thank you for the opportunity/space to learn and I hope contribute.
The following 3 users say Thank You to MotoMoto for this post:
thought it was high time I made a post and intoduced myself - thanks mike for the recent kick up the backside.
I'm an automated trader - using Rightedge - which is built up .NET technology for you programmers if your interested. Programming is my background and still my bread an butter but hopefully that will change as trading becomes more profitable. Been at it now for 2 years developing a few systems and finally gone live about six weeks ago with a commodities trading system - nicely in the black thank you
I've found this site most helpful and informative and indeed I've stolen a few ideas from some of the indicators to use in my system - thank you all for that.
I'd encourage any of you to check out Rightedge - it's a tremendous platform for building trading systems (if you can program)
You should create a new thread in Platforms area to discuss this, could be many interested people
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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