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Anaheim, California
Experience: Beginner
Platform: NinjaTrader
Broker: TD Ameritrade
Trading: ES, options,
Posts: 5 since Mar 2010
Thanks Given: 13
Thanks Received: 1
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I attended the webminar recommended by NT and I can say that was very interesting and useful. The webminar was presented by Tom Busby from DTI Trader a veteran trader and author. The presentation was excellent and it helped me see a new perspective on the market and its movement.
It is true that they try to push their software and training, which are too expensive for me at this point, but the free knowledge I got was priceless.
Tom was talking about how the foreign markets impact the domestic ones.
He also said:
- Decide on a MAX loss for the day (ex. $700)
- Do not trade in the first and last hour
- Do not go short in the last hour
- Do not overtrade ( 2-3 times is enough)
- If you loose twice in a row stay out for an hour
- If you loose 3 times in a row stop for the day
I have also attended a few NT seminars on using the NT software and I can say they are useful.
I also went to Mirus - Zen-Fire and open a trial (demo) account to be able to trade in paper money.
I will probably open a real account soon.
I hope this will help others.
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