Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I am TS. Have only started trading options on shares in the last few months. I only write options. Mainly vertical spreads, covered and naked positions. I have much to learn and would like to move into selling options on futures.
I am humbled by what I have read on the threads and look forward to my journey through this forum.
I have traded on and off for some 20 years, with pauses in between time, partly self induced and partly obligatory. Self induced because I wanted time out and to re structure my life and holdings in Thailand, where I currenty live! I married a Thai lady and moved here 14 years ago.
I began trading in 1999 and had an incredible good run of 8 winning trades off the bat trading just one particular price bar type - spikes and tests in the futures market. Following my pride I traded the JPY futures and lost nearly all my profits in 2 days, which brought me back down to earth.
Since that time I had a broker run off with my money and it took 18 months to get back 80% of my money, then I had a close shave with Man Financial, where most of you will know of this problem broker, I took out my money just one week before they went bust and re structured the company. OUCH! PHEW!
I used to trade in those days purely end of day, with risk in the region of $500 plus plus plus, per contract and then I had to telephone in my order each time and again to move my stops!
Those were the good old days. I am sure if you have traded long enough, you will also remember these times!
Today I day trade with little more than $100 risk per contract, so much easier also with internet connections and almost instant fills! The last four years I studied Wycoff methods and trade only with volume and volatility and price action at levels, nothing else required for me. I hated the messy charts I used to create and it's a relief to have vision and clarity with what I see and trade.
I dont trade everday, but I look for specific setups and trade when I see what seems to me to be common sense and logical. I have the attitude that I am in no hurry to lose money! I remember Tom Williams (sadly deceased) once said " If you can learn to not lose money, your are bound to make some, sometime soon" That was excellent advice!
I learned many tricks of the trade from Tom, mostly about "Smart Money" as he called them. So I trade based on what I see the smart money doing, this means market manipulation!
I have created my own indications and trade them with a degree of satisfaction as they are my own observations and creation based on everything I have learned about volume and volatility!
So there is my introduction, not too lengthy I hope, yet informative enough for you to know who I am!
I work construction looking to move onto something a little easier on the body.
I've been fascinated with the stock market my whole life.
I'm still just studying for now.
Plan on trading OTCs
