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Introduce yourself here!

  #1351 (permalink)
 
bobbakerr's Avatar
 bobbakerr 
Riverdale, Idaho, USA
 
Experience: Intermediate
Platform: Optimus Futures + MultiCharts + TradeStation
Broker: Optimus Futures, Rithmic Data, TradeStation
Trading: CL, ES
Posts: 115 since Aug 2010
Thanks Given: 241
Thanks Received: 51

Wow, gracepips, what a story. You've been through a lot but it looks like you're going to 'make it'. It also looks like you're on the right track to being a successful trader. Best of luck to you and welcome to the Forum. Big Mike has done an excellent job here and is also a very helpful and knowledgeable trader and person. There are many others here who also fit that description. Keep us updated on how you're doing.

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  #1352 (permalink)
reddiscalper
Boston
 
Posts: 8 since Oct 2010
Thanks Given: 2
Thanks Received: 5


gracepips View Post
Hi all, I'm another walking wounded of the FX education merry go round and as I look back I can see a trail of $4000 running from both my pockets....Take care

Thank you for sharing and being so honest. Most people struggle with depression at times but yours seems more severe. It is certainly not an easy game (trading) but money management is one key you have down already. I see your biggest issue is your thinking about being a "failure". Most people fail at this (for various reasons) but even the profitable traders have failing trades all the time but make money based on risk/reward. If you can handle that you should do well. Good luck!!

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  #1353 (permalink)
Simbad
Custer Wa
 
Posts: 1 since Jan 2011
Thanks Given: 2
Thanks Received: 1


Penny stock trader have lost my share of money but have made some too. Still learning will move to big boards soon, much easer to trade and less riskey too. Not too good of a speller but when you trade stock spelling can be second. I am allways willing to help all you have to do is ask, but rember if I say it going up and it goes down that is the name of the game I make mistakes too If I did not I think that I would be rich by now.I live in WASHINGTON STATE and love to Fish and hunt and trade right now I am a unemployed construction worker, welder, equipment operator and truck driver jack of all trades. Will good luck to all and happy tradeing

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  #1354 (permalink)
senfar
Germany
 
Posts: 1 since Jan 2011
Thanks Given: 0
Thanks Received: 1

Hoping to learn and improve my trading skills!

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  #1355 (permalink)
THINKER
Guimarães, Braga, Portugal
 
Posts: 1 since Dec 2010
Thanks Given: 0
Thanks Received: 1

Hi Mike & all traders,

Good evening.

First of all, I wish all a SUPERB 2011, pleanty of HEALTH & GOOD TRADING results.

I'm from Portugal and been trying hard to learn how to trade ES, I took several formations in Portugal & Spain.

Honestly & after losing several thousands of $, what I can say now is that it's better to know yourself first, then afterwards learn how to trade.

I put my self to disposal to whom is also trading ES to share knowledge to progress on trading.

All the best,

Kind regards,
THINKER

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  #1356 (permalink)
 
gr8trim4u's Avatar
 gr8trim4u 
Northern VA
 
Experience: Intermediate
Platform: TS
Broker: TS
Trading: E mini/Currency Futures
Posts: 3 since Jan 2011
Thanks Given: 0
Thanks Received: 3

Hello everyone,

Traded options 6 years ago did well (just lucky to find out). Long story short serious lack of education busted an account and my spirit. Now I have returned. I attended some courses at online trading academy to get the basics and a broader understanding. Encounter a few kick ass instructors that actually made sense and was not afraid to trade in front of you.

So here I am trading the YM,ES, NQ,6E, 6A. System is based around Fib work. Primarily Scott Carney and another guy by the name of Jeff Manson. Projecting the right edge of the chart. SMA lines are the only indicators.
I am constantly exploring new theories is this realm and would love to discuss them with any that are interested.

I am also an avid reader of just about anything market related and the discipline associated with it.

Look forward to sharing my experience and gaining more

Anthony

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  #1357 (permalink)
 
Laurus12's Avatar
 Laurus12 
Norway
 
Experience: Advanced
Platform: MultiCharts, CQG, NinjaTrader
Broker: CQG, DTN IQFeed
Trading: EURO
Posts: 376 since Nov 2010
Thanks Given: 562
Thanks Received: 363

Hello everyone!

Glad to have found Big Mikes forum. Have looked around and it seems that Big Mikes mission is going strong creating a meaningful forum.

Have been into trading for almost two years, but it was not until half way of this where it acctually got really serious. My start was kind of strange, because I literally did not know anything about trading at all, but something told me that this is what I am going to do in the future. Which turned out to be true. Have never put so much effort into something in my whole life. With it's diversity of markets and in analytical terms it is defenitely the most challenging, exciting, and interesting thing I have ever done.

As all of you know it can get pretty serious for long periods, so lately I have desided to turn my head upside down once in a while to mix in some crazyness and humor.

My favorite quote: "You can keep on saying it can't be done, and I (and many others) will keep right on doing it anyway." - Thalestrader

Best wishes,
Laurus

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  #1358 (permalink)
 
papa15's Avatar
 papa15 
Wake Forest, NC
 
Experience: Intermediate
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
Thanks Given: 583
Thanks Received: 1,248


gracepips View Post
Hi all, I'm another walking wounded of the FX education merry go round and as I look back I can see a trail of $4000 running from both my pockets.

I value integrity and transparency, people like that attract me, and their honesty can be a strange mix of being frighteningly liberating. I dislike hypocrisy and believe me I've been and still am an expert in hiding behind a mask. But I'm a coward so the anonymity the web gives me allows me to be brutally honest without meaningful consequences.

I'll be brief, a few years ago (the banking crash) I lost £10,000 on a Royal Bank Of Scotland stock trade. I had no stop loss and knew nothing about stops, charts, MA's etc just the hope price would return. It never has. But I was hooked and decided to begin learning all I could about trading, reading 50+ trading books (most of the ones normally recommended in forums) joined a few forums asked questions read articles. My passion was trading.

I need to back up here and give you some brief background so you have a feel for the context of my journey. Left school at 16 with zero qualifications, partly because having a severe stammer and being bullied by 2 teachers the shame and embarrassment left me outwardly a seemingly happy teenager. Inside though I was deeply bruised and damaged. Around this age 15-16 I developed yearly bouts of dark week/month(s) spells of depression that would completely bring my world crashing down as I retreated to my bed and hid under the sheets. This was due to trauma that happened to me as a 9 yr old boy and as the teenage years hit I began to realise what had happened and be horrified. Now over 35 years later depression has robbed me of many years of living. After 30+ sessions of Cognitive Behavioural Therapy counseling the guy and I agreed my core belief about myself was summed up with the statement...."I'm a failure" Oh and by the way the depression is still with me, it moved in for a few days around Christmas.

So I began serving an apprenticeship at 16 and began in the construction trade with a desire to be the best and fastest. At 21 I began my own company and have been self-employed for 90% of my 35 yr working life. Was mortgage free at 27 and married a wonderful wife and best friend. Five years ago due to my depression I needed to stop working so I had time to learn FX as best as I was able. Did I say this would be "brief".

So I ask myself and you the question, can a stuttering, uneducated, traumatised, depression prone middle aged guy who sees himself as a failure make it as a trader..................mmmmmh What do you think?

I have spent most of my time (3 years) learning and spent $4000+ on trading education, nearly all a waste of time with one wonderful exception a $97 ebook that was better than all the rest put together. Amazing! My charts have been full with indicators and lines but it just did not suit me nor was I consistently profitable. The good news is that I think I might be tentatively stepping into the fresh ground between breakeven and consistently profitable trading. Its still early though I think I can say I'm optimistically realistic, no more than that. I trade FX with a MB Trading ECN account using MT4. I use no indicators other than a faint greyed out 20 ma to quickly see when price has moved to an extreme. Take my S&R from the 30 min chart, trade off the 3 min where I note significant swing highs and lows and fine tune my entries sometimes with the 1min. Sloping trend-line and me don't get on but I like my horizontal S&R. I am always looking at price through the lens of other traders trying to feel where they have placed their stops etc. Basically looking for trapped traders and to benefit from their order-flow when they need to bail. So I see my charts as a story of traders decisions and the fear and greed they will be experiencing. My fav Trading subject is Money Management so I use 1% max of my capital per trade. And I want to develop a way of averaging up (adding to) a position when I'm in a profitable trending trade but in such a way as I do not increase my overall risk yet have the opportunity for increased profits. For me its all about the risk. "If" and that's a big "if" I can become more consistent I will move to the Futures FX and maybe the YM/ES/CL.

So that's the raw version, edited a bit for brevity but the main points are there. If I can make it.....then take heart all you strugglers..........we can do this together. I hope you don't mind my bluntness but as Oliver Cromwell said to the artist commissioned to paint his portrait...............paint me warts and all. I like the freedom being "real" brings, well as "real" as this coward can be at this stage even with the mask of a username but, I'm still on the truth journey one day at a time.

Finally, the main reason I am drawn to this forum is I get the feel of authenticity with the posters and BigMike himself and of course I need all the help I can get to make it.....................Take care

I just bought the ebook....had to pay $197 rather than $97....but so far appears well worth the money. Have not finished reading it yet, just on Vol 3 at the setups. Has it helped in your trading?
Papa15

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  #1359 (permalink)
 
xyzyx3's Avatar
 xyzyx3 
Sweden
 
Experience: Intermediate
Platform: TOT+Custom
Trading: Stocks
Posts: 1 since Jan 2011
Thanks Given: 0
Thanks Received: 1

Sup!

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  #1360 (permalink)
 
JohnnyCash's Avatar
 JohnnyCash 
Mechanicsville, va
 
Experience: Advanced
Platform: Ninja Trader
Broker: NinjaTrader
Trading: ES, YM, TF, NQ, 6B, 6e
Posts: 41 since Jul 2009
Thanks Given: 134
Thanks Received: 31



Simbad View Post
Penny stock trader have lost my share of money but have made some too. Still learning will move to big boards soon, much easer to trade and less riskey too. Not too good of a speller but when you trade stock spelling can be second. I am allways willing to help all you have to do is ask, but rember if I say it going up and it goes down that is the name of the game I make mistakes too If I did not I think that I would be rich by now.I live in WASHINGTON STATE and love to Fish and hunt and trade right now I am a unemployed construction worker, welder, equipment operator and truck driver jack of all trades. Will good luck to all and happy tradeing

Welcome fellow construction worker!!!!!! i too was in that field all my life until all the greedy banking bastards ruided it for us....now i am trying to learn trading as well. You found a great site here, lots of helpful people here and a ton of good tools for your trading tool belt. good luck and learn to be patient and wait for your setups. Johnny

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