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Hello all, I'm relatively new to actively participating on nexusfi.com (formerly BMT), despite being a member for a few years, I was active on other trading boards/chat rooms over the past few years under the handle n00btrader including DH's room …
My name is Richard, I'm 36, and I'm from Cape Town, South Africa.
I've had a varied career up to this point - working in corporate finance, politics, renewable energy, and now as a coach and facilitator in the training and leadership development space, mainly for corporates. I also have an interest in mindfulness, both as a practitioner and hopefully soon as a teacher. And finally I am fascinated by the potential of trading coaching, as well as bringing a coaching approach to financial advisory services.
I've always been fascinated by the markets, but only in the last year or so have started exploring the possibilities for trading in my own time. Fortunately my line of work allows me to do this, as I have quite a lot of spare / free time between jobs / assignments.
I've read a lot of books (Van Tharp, Mark Douglas, Jack Schwaeger, etc) and I've tried a number of platforms (so far Multicharts, metatrader, ninjatrader), as well as a range of instruments (mostly stocks, ETF's, CFD's and now index futures). Through trial and error I feel like I am making some kind of progress towards finding out what kinds of trading are possible for me, given the amount of capital I have and the hours I am able to / willing to spend in front of a screen, but also what suits my personality.
I dabbled a little bit with automated swing trading systems on metatrader, and still have a couple of these running live with a small ($400) account. However, I grew impatient with not being able to see results day-to-day, so I've now turned my focus to scalping ES intraday (usually just the morning session). I'm currently trying to implement a system that I have copied and adapted from a thread by jwdixon on this forum. So far some success using sim, and am now trying with real money. I still feel like I have a long way to go before I feel confident trading this instrument and timeframe.
Looking forward to interacting on the forum. I've looked at a number of different websites and forums and futures.io (formerly BMT) certainly seems to be a cut above most of the competition.
I traded Stocks some during the late 90s with little knowledge of what I was doing and lost money and gave it up. Years later I discovered Index Equity Futures . I started demo trading 2 years ago and have spent several hours a day in front of my screens trying do develop an edge and for the past 6 months I have been consistently profitable in demo mode. I wanted to prove myself there before I risked my hard earned money. I realize the psychological aspect of this will be the difference between success or failure when I go live.
I discovered the futures.io (formerly BMT) forum and was impressed with the quality of the site. I appreciate how the moderator keeps the posts relevant to the topic and I believe this environment offers the best possibility for serious individuals to learn from each other.
I am interested in learning more about price action trading with regard to the ES, TF, and YM and look forward to learning from you all.
First time to ever join a forum. As Mike stated, I find a lot of the time that they're just about proving a point or talking off topic completely.
I'm currently a student, in my final year of study, studying Quantitative Economics and Finance at the University of Wollongong Australia.
I've been trading since 18 (i'm currently 24), however, i've blown my account more times than i can count :-( i started off really well trading warrants about 2 years ago, but i got arrogant. Ever since i've been working on my arrogance (lol in all aspects of my life loll...trying to draw the fine line between confidence and arrogance)
I really hope i can learn a thing or two on here!! It's all been a learning experience so far, but i just want it to be less painful! lol
Looking forward to hear/read whats been said and share your opinions!
Hi, short story, I have tried participating on some markets unsuccessfully but have always wanted to get into the eminis pretty much since the beginning. In my opinion the US indexes seem to maintain the highest level of order and efficiency ratios while also being risky and tricky to learn. I have recently discovered market profile approaches and would like to learn about it so that hopefully I will trade the eminis successfully in the future using that line of approach.
Signed up to this forum two years ago but only looked around and never contributed or visited again for the last couple years. I got into trading in the late 90's and had an easy time of it, making some windfalls and actually having only 1 losing trade out of 187 round trips. But I always felt I didn't really know what I was doing. I just followed charts with an EMA system I came up with and matched to MACD for my triggers (self taught playing around in ETrade). I traded options and typically held about a week - simple calls, buy low - sell high. Then my company took off and I found myself too busy to trade, lost interest.
Now I'm done with that type of working and want to trade full time, or at least whatever time it takes to generate a consistent, conservative income. As I get back in, I realize I know next to nothing and my old method doesn't work in this faster moving market anymore. I virtually traded it to find that out.
So I'm starting over with a small account, trading options and I'm very interested in weeklies with longer term protection in the form of spreads.
I hope to be a contributor in the future but for now, I'm overwhelmed with info and decisions.
out of job for four months now despite having the qualifications. have work, study and programming experience in trading ops and financial engineering and now seriously considering trading as a career, though i still secretly hope to secure a job offer soon than to take on the risk. waiting for approval of account opening and acquiring the trading platform, and see how it goes
I am excited to get involved with the futures.io (formerly BMT) commnity. I hope to both contribute and learn while here. I have a belief that in order to excel, it is beneficial to surround yourself with like-minded individuals at all skill levels. In interacting with those that are less experienced, I further my own knowledge by teaching others. On the flipside, interacting with individuals that have a higher skill level than my own pushes me to continuously improve and move outside of my comfort zone.
I have a passion for teaching as I tutor math to high school and college students part time. My professional background started out in the proprietary trading industry as a momentum trader in equities and ETFs. I currently work at a small quantitatively based investment management firm. My goal at the firm is to continuously improve the investment process using psychological, technological, and elite performance development principles.
Personally, I just recently moved back into short term trading after a three year transition into the investment industry. I am primarily operating in the S&P 500 eminis. I had a need to move into the futures markets to avoid compliance issues at the firm I am still with. While I spent a good deal of time studying the eminis market as a momentum trader, my specialty was in finding and trading in-play stocks that had a greater tendency to trend. This in part is making the transition to trading the index futures a little difficult as well as transitioning to a larger time frame in order to balance trading with my other work responsibilities. My goal is to move into trading multiple markets so that I can focus my energy in those markets that are offering the most opportunity for my skill set. I also hope to develop my skills so that at some point I may have the opportunity to manage a futures fund at the institutional level.
As far as my background, I have a finance and economics degree. I have a strong background in math and statistics. During my time as a prop trader, I developed coding skills in Python, VBA, and TradeStation's Easy Language. I continue to develop those skills in order to blend my discretionary trading with a quantitative element as well.
I believe that trading is an ongoing learning experience and I look forward to joining a group that shares this passion.
