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I have been trading off and on for many years - starting with day trading stocks, then options, then forex, and now futures. I have given up trading many times due to lack of success. I decided to give it one last shot recently when I became a little nervous about my job because of the economy. After much searching, I finally found a style of trading that suits me - really short term trading (almost scalping) with the e-mini's and oil and gold. Fortunately I live in California so I can trade before I go to work. My goal is to be able to become a full-time trader and I am getting closer to that goal every day.
I stumbled onto this forum the other day while doing a google search for Suri Duddella. Immediately, I released what a great site I found and joined that day... My trading experience is hard to describe - I've been looking at stock charts on and off for probably almost 15 years and I was doing some heavy stock trading in 2004/2005, unsuccessfully I should add On the bright side, I never lost any real money during that time.
Back in March, I started up again - this time with Stocks, Options, and Forex. So far I'm doing better overall, but still basically spinning my wheels...especially with Forex. Like many traders, I'm still having a hard time getting my emotions under control and I tend to pull the trigger at exactly the wrong time. My only saving grace is that I'm not afraid to admit that I'm wrong. My other flaw is that I need to start a training Journal so I can analyze what I'm doing wrong.
Lastly, I'm very interested in the trading the e-mini, but I'm hesitant since I'm still not at a point where I am consistently profitable. As you may have figured out, I do have a day job that pays fairly well which is why Forex and e-mini (as well as other futures) are appealing to me as I'm not quitting my job.
Hi all: Like most I stumbled upon this forum by accident. I've been trading some market off and on for over 10 years now but have never been able to do more than break-even. Lots of reasons for that, but it was a learning experience. I am currently a full-time marketing professor but, as usual, have come back again to try my hand at learning the art of day trading. I currently trade stocks. I've recently been consistently profitable, but I'm still only trading 100 share lots, so fees are slowly eating away my account. Unfortunately, though profitable, slightly, I still don't feel I understand what I am doing well enough to increase my lot size.
I've been peripherally involved in markets for 10+ years—securities law, restructuring public companies, junk like that. And recently, I've decided I want to be more directly involved. So, I'm not practicing law anymore, and I'm really intrigued by technical trading systems. I'm not looking for the 100% auto-pilot, but I do like taking emotions out of it.
Also, Mike, thanks for creating the forum. It really does seem like a great place to be involved and chat about markets, technicals, resources, etc.
Hi guys. I've been trading small-time forex for a couple of years, and this past summer decided to give futures a try. I like futures much more than forex. My results have been all over the map and I ultimately blew my account. I've been looking through this site and it seems to have so much useful info and many very knowledgeable contributors. As I become more experienced I hope to be able to contribute whatever I can to the group and not just be a taker.
I am new to Trading. Have attended many tutorials (private traders) and found that one really does not learn much there. So now I am on a "self train" excercise.
I joined Tradestation and taught myself the Easylanguage. Being 60 years old my "blackboard" seems to be too full and to write anything more on it is a bit tough. I am from the Fortran and Cobol language era.
I joined this site because I like "Big Mike's" philosophy - together we are more intelligent than all the think tanks put together and together we are stronger than all the armies put together.
I am a retired Engineer (Mechanical - specialised in Machine Design) and am very anxious to learn about the programming aspect of trading. I currently use the platform Tradestation ver.9. Am writing small programs in easylanguage.
Because I want to be a "Day Trader", I use small time frame graphs - maximum 1 minute but mostly tick charts.
By total chance I came across a programme written by some individual on the Tradestation Forum regarding "Receiver" "Sender" bar graph charts. The formula was free to down load. I down loaded it but it did not work.
I do not know if Big Mike or anyone on this site can help me with the following:
It is not possible to combine 2 different securities on a tick chart for obvious reasons. But, for example, a Moving Average(MA) was plotting on a 50 tick chart of the Mini S&P (ES symbol) - if the MA was moving "Upwards" we assign it a value of 1 (ie >= 0 then MA = 1 else MA = -1) and if it was moving "Downwards" we could assign it a value of -1 - is it not possible to make this chart a "Sender" and ONLY send the Moving Average Value of +1/-1 to a 20 tick "Receiver" chart of the Mini Dow (YM symbol). Ofcourse, it will not be possible to "Plot" the value of the Moving Average on the YM chart. BUT is it possible to refer the value of +1/-1 from the "Sender" (ES tick chart) chart in another Easylanguage formula WITHOUT referring to the "Data" of ES. Thus, basically making the value of the MA (+/-1) into a "Global" reference.
If the above is contravening all programming norms, then I apologise. I have always been a "fool" for trying the impossible - but succeeding sometimes.
Now Big Mike knows why it took me so many days to post my first thread - I am a novice and thought that I would be posting something stupid.
On the bright side, I never lost any real money during that time.