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Rec'd an email threatening entropy if I don't introduce myself!
How do you do. Steve Podowitz, pretty much retired (aka not much work) from my marketing consulting practice of 24 years.
Trading ES for now, sim on Ninja for about 18 months. Plan to go live August 15 after vacation. Always learning, taking in everything I can find; no cash (or stubborn unwillingness) to buy high-priced learning like OTA or many others. Books (especially Alexander Elder), lots of webinars, lurking in trading rooms and on forums. Voraciously consuming all the education and experience I can.
I have, however, over time evolved a trading plan, tools, setups with which I am becoming comfortable, gleaned a little from here, a little from there, etc. Learned about range bars from Rockwell; ticks from Barry Burns, Support and Resistance from a variety of sources, various indicators from numerous different "experts." Have been passed along courses from Barry Burns, DTI, others. Morning prep includes Ilan Levy at Cannon, daily market overview from Dan Gramza, daily review of financial and earnings events. have tried several trading rooms; try to use other people's "calls" as starting points for my own decision-making.
Using, among other things, Hull Moving Average to eliminate lag, found a floating pivot (polynomial, I think) from TChannel, S/R numbers from Pivot Farm plus I plot my own fib extensions, prior price action swing highs and lows, volume at price -- always seeking best points of confluence to establish S/R. Basic philosophy: Use multiple timeframes; an indicator set that confirms trend direction and strength within S/R. Too new to be comfortable with countertrend moves; don't buy at a rally high or sell at a rally low until after a confirmed consolidation breakout. Generalizations; actually crafting a written plan with rules and specifics.
I know I don't know a lot, but getting more confident with what little I do.
Always eager to talk trading. Would love to connect up with any traders in Atlanta or thereabouts.
Thank you! Steve.
Can you help answer these questions from other members on NexusFi?
I'm 63 and newly retired. i worked for a large communications company for 40 years.
I've always wanted to have greater control over my finances, but because of the long hours I worked, I didn't have the time do anything except invest in a 401k plan. Now i need to educate myself in how to best grow my IRA for the future.
The time i've spent on your Forum , so far, have shown me already that it's going to take several years of study before I need to even think about being a trader. But, I now have the time and I believe i'm in the right Forum to make an educated opinion on what is best for me.
Thanks for starting the futures.io (formerly BMT) Forum and supplying all the tools to try out.
Hi all...just joined with futures.io (formerly BMT)F and I am excited about this forum. I have been trying to make it as a trader with mixed (mostly negative) results and I'm hoping that the dialogue on this site can somehow help me. I'm a Sierra Chart user with Infinity Futures, I trade ES, TF, and options, and if anyone is like-minded I'd be interested to hear from you.
Like others I have blown up a few accounts, mainly by not following my rules and listening to others. I still listen to others but apply my strategies to their trade ideas.
I've been working towards trading options for a living with mixed success. This has been an important goal as I've only been employed about 50% of the time over the last 3.5 years. I have devoted that time to becoming a better trader. I've been using a high probability strategy trading SPY options with good success. I came here to download an indicator that might help obtain better entries and exits.
I was working toward becoming a day trader but much of my time is tasked with caring for a sick dog so I've been staying with swing trading for now.
I joined a few days ago and just learning to navigate the site. Read a few very interesting posts and am impressed by the generosity of the members. I have been trading options, off and on, preferring the spreads although sometimes I do get into pure puts and calls. Still a lot to learn, hence my joining this forum. Hopefully, in time, I can give back by contributing to the knowledge base in here.
Hello everyone. I wish I could offer something new here. I'm here because I lost $1000 last week. I can't even believe I said that! I was going to start shorting and was going to do very well, I told myself. Wrong! (so far). I'm not giving up, but I'm certainly not going to do what I did to get to what happened last week. I stopped trading, wanting to educate myself so well that I become a different person! Now I've developed, hate to say it again, fear of trading. Told you: this is nothing new. But it is new because this has never happened to me! $1000? whoah. While it may be not so much to some people; to others it's groceries or a mortgage payment, or hopefully, taxes because one has done some wise trading. Thankfully I still have a small account and need to be more careful. That means due diligence (whatever that might include). Just need to look further into selections, get myself to understand charts better, and learn anything else that is dependable. Thanking you in advance and let's all go for a better future.
Jeff
Introducing myself to the community. I am an 'almost 50' novice trader who jumped in during the Internet boom and, like many others, had the embarassment to enjoy the Internet burst followed by the 2007 2nd burst without doing much except watch my investments tank and then commiserate with others who really didn't know what they are doing.
So, now I find myself truly wanting to learn how to trade correctly and develop a system that can yield competitive yet reasonable returns. I have a technical backround as I'm a BSEE but also have an MBA and have been in sales for countless years so I've found my 'karma' point (or at least like to think so). Not that I'm not emotional but I have found remaining calm and thinking things through has helped me in many a stressful situation.
I'm starting this journey with a focus on education and reading. I've picked up a number of good reads including Van Tharps 'Trade Your Way to Financial Freedom', Alexander Elder: Trading for a Living, John J. Murphy: Technical Analysis of the Financial Markets and a couple of others. My first and current read is Van Tharps' book which I am enjoying greatly.
I hope to be a contributor at some point but for now more than likely will be a 'lurker'
Any suggestions on how to make the first part of my journey a productive one would be greatly appreciated. I have not chosen a chart or trading platform (yet) but will be looking to do so in the next month or so.
Looking forward to your suggestions and hope to soon be an active contributor.
Dear Fellow traders and futures.io (formerly BMT) members. I was wondering if anyone has had any experience using the Turbo Renko Bar vs the std Renko Bar. I understand that it is a revision of the the median renko bar. Your experience and ideas would really be appreciated.
I'm 63 and newly retired. i worked for a large communications company for 40 years. 
