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For First: i apologize for the mistake that i can made writing in english! I need to improve it!
Bio:
My name is Giammarco, i'm Italian guy and i'm 22! I Study finance at University of Bologna and in parallel i I delve into the things that interest me for example trading, macroeconomics ecc. since 2012 when i was 16.
I think that a professional trader need to have a lot of knowledge
I Know, i'm very young but i love the "world" of Finance especially Trading.
In 2012 i start my approach, every single day, reading and living the markets in particular at the start i was focused on our Italian Market.
In 2013 i had my first Trade, i bought some shares of CAMPARI an Italian company but probably you know it. Was a pretty good Trade!
In 2017 i open my first real account for day trading with futures (very little only 5k), i was really excited but the reality is that i was scared...initially i trembled before and during a trade.
In a little time i understand that emotionality is the key...after technique you need to improve your self control and to had the correct mindset...here i am...finding my balance.
For the first six months i traded miniFIB the mini-future about the Italian Stock Index FTSE MIB- 1 per point , minimum tick 5 points. So i had a leverage with my balance on my account of 1:4,5.
The first two quarter was terrible, loss were the mood.
After i changed instruments, i started to trade MiniDAX (leverage of 1:12 referred to my balance) ....i know with only 5k is a suicide....
But... i find it more comfortable to my personality.
At the end of the first year of real trading with futures i lose money....but if i eliminate the money that i pay for commissions i'm profitable.
Some other traders tell's to me that it's a pretty good results after only one year...the FIRST!
In 2018 i started to improve my trading but especially my mind-set to estimate correctly the risk or to control my self...
The road is long we says in Italy...but passion and determination are not lacking.
Hi everyone. I'm an English guy who now lives in France.
My trading background is that I come from spot forex which I have been demo trading for several months both forward testing and back-testing with a simulator. I am therefore very familiar with MT4. However, I decided against opening a live account for spot forex due to the lack of a centralised exchange and more importantly, a lack of regulation. Trading is hard enough without having to worry if we're getting screwed by the brokers and market makers. So that's what has brought me to the futures market.
I'm particularly interested in learning to daytrade the emini Nasdaq futures and I'm currently learning and practising on demo.
Hi everyone, let me introduce. I'm from from Brazil, and I have a bachelor degree in Mechatronics Engineering, but since I graduated, I have been studying trading.
I wonder if I'm going the right way. I'm looking for success as a trader, and I believe the goal in this case is consistency.
A little of my journey (sorry if write something wrong):
I'm at the beginning of the second year since I started studying about trading. I went through several phases: studied by book, simulated, operated on real and lost some money, soon I stopped because I knew that I was wrong. I went through live trading rooms tha brokers provide and then live study groups, which I dropped because I realized they were not going ahead. And then for about 6 months, I just studied. I read 16 books in total, with the latter being that of Al Brooks.
I have knowledge and a little experience in the psychological issues of Trading. As for the analytical methodology, I decided to use price action.
With certain knowledge I acquired from the technique, I operated on demo account (without back-testing) my operational plans were instinctive or immediate at the time. Even so I managed to stay profitable 75% for the month. I leverage a lot, scale in and out, made stop entries, market orders. At the end of the month I started to be more careful and then I realized how bad my risk management was, there was a day when I stipulated a 1% gain, but during the day I would get a 20% drawdown. Even so I would recover and end positive for the day.
Then I got confident to go to real account again. In the first 2 days I won 8% without problems, the second happened the drawdown of about 40%, but I kept cold and managed to recover. But I lost the confidence to continue in real account, soon returned to simulation and realized how I bad my money management was to go to real.
I returned to the period of introspection, and began to see the mistakes and successes I had made. Soon I developed a Back-Test plan, but my plan was fully optimized for past graphics. And to this day I see the charts at the end of the day, and I'm optimizing them. Something that is incorrect. I'm getting out of this loop, looking for professional help. Now I joined the forum and am looking for lessons from winning Traders.
My name is Eduardo Custodio I am Brazilian I do trade in the national market, but now I started to operate the American futures market (S & P 500), I am 35 years old and I have 2 years of being a full time professional trader.
I worked and lived in several countries across Europe and Asia as sales engineer.
I started trading (mutual funds, stocks, CFD, futures and then options) roughly 15 years ago.
Probably like everyone, I followed several mentors and purchased a few courses and material for trading, but I didn't fall in love with any of them.
I mistakenly approached trading with superficiality, studying or at least trying to understand the theory and some applications, but mainly from the thoeretical point of view.
I tried to follow too many methods without really delving and mastering any of them, hoping eventually to find the real graal, the one into whom pour all my time and efforts. I haven't found it yet... obviously you can say, but sadly.
Yes, I traded, and I trade, but at idle speed... capital preservation was and still is my first rule.
There is also another reason that limited me... I was not hungry!
I had something else to do, and that was paying good money... my interest toward trading was perhaps an attempt to prepare an alternative to my "real life" job, or at least an attempt to (one day) make a better use of my savings...
Maybe that day now has come. Several months ago I left that job and now I do some part-time consulting that basically helps me pay the bills, nothing more.
I have enough capital to survive without working for several years (and this is good), but since I don't expect to die soon this is not enough to base my retirement upon, even when adding a possible return of a little % from (almost) risk free investments. And this is bad...
So I need to decide what to do with it before it gets eroded by inflation.
I would like to give a last attempt to trading, to see whether it can brings a decent, more or less steady, flow of money. Or give it up almost completely, purchase 1 or 2 flats in different parts of the world with low taxation, and at least get some rental income.
What I presently do when I trade is purchasing little amounts of stocks (usually Dividend Aristocrats) on the dips, and resell them with a few % of gain, or just keep them. Sometimes when I am in the mood I sell a naked put on a cheap stock that I really want and if they give it to me it's not a big issue. Until now with decent results, but this is not trading, sizes are too small, and the markets have been bullish for too many years. There is not a real strategy in what I'm doing.
It is basically a hobby, and you don't live out from a hobby....
What to do now?
Practically speaking, I think I need to regain more confidence in order to increase the size of stocks, futures and options that I normally trade...
I need to eventually clear up my mind and choose 2-3 markets (if not just 1...), respectfully study and familiarise with their moves, develop (or get from someone) a simple method which I trust and get my hands dirty...
I prefer a relatively "slow" trading, with positions open for one to few days, however I'm considering also day-trading, but most likely not scalping, I'm too old for that.
With regards to the intraday option, choosing the right platform and datafeed will be an additional important step.
I normally trade with IB, I think it's very good for multiday positions, very cheap and reliable, and I feel at ease knowing the size of the money in their accounts... But I understand that if I want to carry on my studies about volumes (something that really fascinates me, in addition to options), I will need to at least open small size accounts with other brokers.
And last, but not least...having a method is important, but psychology and discipline are important too, maybe even more... knowing how to properly deal with a position, being it in DD or in good profit, and being able to respect the conditions imposed by your method is not less important than choosing when to open the position. I'm fully aware of this and I need to work on it too.
Hopefully here at futures.io I will find some suggestions and help from someone who lives (well) with the profits of his trading, and thus the final push to overcome my limits.
Hey traders, I only started trading about a 1.5 yrs ago and have come a long way and more to go. mostly trade forex but was always interested in stocks/futures as well. So why not join a forum.
My style of trading when I started was a lot of indicators eg. MA, RSI, and Stochastic but my charts are clean and simple. I have moved on from lagging indicators to Price action >> Harmonics >> no I'm onto Wyckoff Method, I still use PA and Harmonics. My journey has been enjoyable so far and would like to learn from members and in addition, give back to the community.
Newbie here...(after having sat out from losing my a?? 10 years ago)...or returning from the dead. I'm interested in having a Tradestation strategy converted to Think or Swim that I had started to use back in the day. The company no longer exists, and my searches seem to take me to this site for people that are familiar with converting EasyLanguage to thinkscript.
Seems like a lot of useful information here as well...not enough time in the day to absorb it all, but I'll try.
Thanks for letting me in and maybe someday I'll make a contribution or two...time will tell.
