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Hi I have received a reply from nakachalet but unfortunately I cannot send you a private message because I have only posted once.
Hi nakachalet
I was searching for different methods of trading and found some of these mentioned on different forums but wanted to know more so I just did a google search until I found out enough information to help me. Some other information came from junk emails of people sending their EA products and I did a search on thier statistics. Which lead me to search even more. I have worked in quality control for many years therefore I have always researched background information as to the source of the information. I believe it would be great to have one trading system for all types of situations in the market, but I don't think that is possible, so I was researching for different programs depending on how the market behaves. If you want more information just let me know and I can tell you what I found.
Just let me clarify a few things, I am from Australia which means I can trade on the Asian market which is usually rather slow, I can trade on London opening which is usually when I am cooking dinner - so I am not paying attention 100%, the NEW YORK session her does not open until about 11 pm here in Australia and I am sometimes not up therefore trading is limited. If I am up it is good, and then goes to another good spell around 2am which I am often not up as you can understand, because I have to take my daughter to school at 8am. This is the problem living in the southern hemisphere.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
I understand your situation with regards to markets to trade and you being in a diff time zone and all. All I can say is if you do have an opportunity to trade the US Futures market, namely CME products, can find the time to do it a few days a week for maybe 2 hrs at the US 8:30am central open ....I would do it. These markets are the best in the world to trade. As far as systems to trade..... don't worry so much about that part....far far far more important is working on yourself. Learning to think only in probabilities. Everything that made you great and successful in the work force is going to make you a very very bad trader. Say this over and over to yourself non-stop....write it down over and over.... "The distribution of wins and losses is random for any edge". No matter what system you end up trading every time your edge presents itself you must take the trade like a robot. Assuming, of course, the setup has a positive expectancy. In other words make sure the trade setup across a sample size of at least 20 trades, at least, works! And when you have a losing trade on your hands dump it like a hot rock. No matter how hard you analyze your charts you are never never never going to be able to know what traders somewhere in the world are going to step in at a worst price than you and make you a winner....... OK I'm done I'll shut up now. And yes I am a HUGE Mark Douglas fan because he's right and it works. 2012-04-23_2231 - RonaldCutaia's library
Thanks Mike,
I'm glad to have found this location. It looks good at first blush with helpful smart communications going on. A little about my investment background. If you don't count ill advised 401Ks that have been treading water since 2000, I have been investing for about 7 years. Best results have been in rental real estate and physical precious metals and worst result was a driving school that went bust after 3 years. I've been an active stock trader with good results and started with 4X recently with mixed results. The learning process is going good though. Hope to share ideas with like minded people here on this site.
Best Regards,
M
I'm happy to be here and am looking forward to reading your posts. I have been involved in investing and trading for a long time. I've read over 200 books on trading and investing related topics and listened to thousands of hours of podcasts during my gazillion hours of cutting grass and commuting. Most of what I got out of this long journey is I've learned what doesn't work and have focused completely on technical analysis and MONEY MANAGEMENT.
So that's about it, I don't have a Holy Grail and don't want one. I focus on day trading and money management. I am obsessed with position size and spend a lot of time measuring my probability like some kind of options trader hedging his risk. I love to tinker with my drawdown rules and draw up rules based on these results. Nothing too fancy.
I found this site from your discussion of unfiltered tick data feeds, something I couldn't find covered as well anywhere else on the web. Well done.
Hi Guys, this the first time I subscribed to a forum. Average trader with some 20 years experience and I am trying to improve my trading results. I am 49 years old living in Arkansas with a Programming Degree and currently an IT Sr. Director and have been developing for over 30 years.
I entered the markets a little over 12 months ago taking advice and following a system from someone who had made a lot of money over the years. I soon realised his methods and systems were a painful approach to the markets and would teach me little. More recently I have watched, learned and question the material available to me and this has led me to being a student of orderflow, market structure & development.
I look forward to using this forum as a place where i can ask questions, learn and develop my understanding of market participation.
I read recently that markets were not designed for retail traders to make money and keep it. You have to love that along with change comes opportunity.
Intro's really aren't my thing, but I just wanted to say that I am happy to be a part of this wonderful forum and I look forward to contributing/collaborating with all of you!
