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Introduce yourself here!

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  #2501 (permalink)
 rainbowchaser 
Fort Lauderdale, Florida. USA
 
Experience: Beginner
Platform: NT
Broker: CQG
Trading: YM,CL
 
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Posts: 140 since Mar 2011
Thanks: 527 given, 63 received


logenm View Post
Hi Everyone

I am very new to trading. I am currently working in the IT industry as project Manager and live in Sydney Australia. I am 64 years old and am looking into trading to support me after retirement and at the sme time giving me something to do.

I started with Options in May 2011 and lost some money as I was not proactively managing my trades. This was due to work and I could not look at price movements at work.

I then stated looking at Eminis and and am now trading S&P 500 here again I am not doing well. The loss is less than that of the options.

I heart about Big Mike from a friend who explained the wealth of knowledge that Mike's web site has. I beome a Elite Member. Howver since I joined I have not been posting anything or reviewing anything. I have been tyravelling a lot and work has been hetic.

I will be away fror 3 weeks travelling overseas and will return to Australia. I will then start looking at all webinairs and postings on this site.

Please bear with me if my postings are limited as my knowledge is close to zero.

Thank you for your patients

May the trade be with You

Logen

First thing is to trade in SIM (simulation) or "paper trade" for a few MONTHS before commiting any money. Best regards.

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  #2502 (permalink)
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
 
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Posts: 687 since Jan 2012
Thanks: 309 given, 614 received

Good morning fellow traders, just joined the forum - yeah!

I live in Prospect KY and have been trading for 5 or so years. I started out with Dan Sheridan mentoring (good stuff) and have migrated to trading 6E with David Halsey (even better stuff.)

Please feel free to PM me or email me. I'll be glad to help where I can.

Cheers

Bill

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  #2503 (permalink)
 Rahimseven 
Bangkok Thailand
 
Experience: Intermediate
Platform: MT4
Broker: FXCM
Trading: Forex
 
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Posts: 5 since Oct 2011
Thanks: 6 given, 4 received

Hello all,


Iíve been pursuing a life of freedom since 2007. Iíve worked for many years as a network engineer. At the time I thought that life was good. I had the ďAmerican DreamĒ Lifestyle. I had 2 cars, a nice home, a great job at the Pentagon and a family that lived without need. The only problem was that I could see no real growth from there. By growth I mean freedom growth. My real dream is to have the ability to rely on myself for finance rather than traditional employment. Long story short, because of the market crash in 08, I ended up losing a great deal of my 401k and began to search for ways to recoup my losses. I ended up in Iraq and Afghanistan working and risking my life for the money. My family suffered greatly when I was gone and I could see no end to this type of living so I decided to search for ways to guarantee free
dom and happiness in our lives. I definitely needed to have some sort of business of my own. This would need to be a business that allowed more time with my family and the ability for real financial growth and freedom. I began to look into trading the financial markets 2008 and started trading actively in 2009. It was a great year. I had no idea what I was doing but since the market was in an uptrend the bulk of that year, I made good money. I then decided that this is what I would do full time as I really enjoyed it and could see the possibility of freedom. Since that decision Iíve blown my account 3 times and have returned to Afghanistan for workÖ.

I still have the passion and the goal of becoming a successful trader. My biggest problem was money/Risk management. Also Iíve studied so many systems that now I over analyze trades and have lost confidence. Not passion!
Iíve studied technical analysis, Fibonacci, Indicator trading, Robots, naked charts trading price action, trade callout sites and I have over 100 books and seminars. I still have yet to find my edge.
I grateful for this community of traders and feel I will truly benefit for the sharing going on in here.

Thanks

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  #2504 (permalink)
 bmtrader333 
Greensboro, NC, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ
 
Posts: 12 since Jan 2012
Thanks: 1 given, 5 received

I've been trading semi-regularly for about 10 years now, and I've yet to find a consistently profitable edge. I've had good results with some automated swing trading strategies in the past, but I've been unable to convert these to successful day trading strategies. I've been unable to find stable automated day trading strategies in general as of yet.

I trade futures, and I prefer day trading because of the lower margins on futures for day traders. I still have a small account, so lower margins mean more to me than they would to a big fish.

I'm hoping my pea-brain has a better shot at successful day trading than my code has had, but so far, I've yet to become consistently profitable as a discretionary day-trader, either.

I came here mainly to pick up a cumulative delta indicator that is supposedly only available to elite members. So, I'll probably become an elite member here pretty soon to get at this sucker.

But I'm also going to look around the site in general to see what great info lurks in them thar hills!! In return, I hope I can help people here with any knowledge I may have.

all the best to everyone, and may your trading be prosperous.

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  #2505 (permalink)
shankarshah2011
Mumbai, Maharsahtra, India
 
 
Posts: 1 since Dec 2011
Thanks: 0 given, 0 received

Hi,

I am shankar from Mumbai, India . I have been trading for the last 10 years on equities and commodities. Look fwd to learning and contribute to the learning of others through this forum.

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  #2506 (permalink)
freddy7070
Logan, UT/USA
 
 
Posts: 2 since Jan 2012
Thanks: 0 given, 1 received

Hi everyone.

Looking forward to checking things out here & hopefully contributing to the sharing way. I use price action and supply/demand levels as my main bread & butter trading style.

freddy

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  #2507 (permalink)
catchai
Singapore
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hi everybody,

I am a "baby" in trading. I used to be an "investor" i.e. buy and hold and parking my hard earned money with professional firms but my investments were affected in the recent US market turmoil,wiped out 30%. I have decided to take matters into my own hands and learn what I can about money management and investments. I had been very passive when it comes to investment and listen "to experts" in the past.

I signed up for a 2-day trading course last year and was "hooked" on trading since. I read many trading books, look for interesting websites to learn from and exchange ideas with other traders. I opened 3 trading accounts and had been actively trading for the past 10 months. My account is now down 15% and had been a result of all the mistakes that "books and traders talked about"; e.g. punch in wrong price or trading size aka technical mistake, greed and fear (exit too early or try to catch a running train) etc. I am hungry to learn and aim to become better every day.

My aspiration is to be a full time trader and have it as my second career, I look forward to learning from this group of people.

Cheers
Cat

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  #2508 (permalink)
 yoav3211 
jerusalem
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
Posts: 3 since Jan 2012
Thanks: 0 given, 0 received

hi,
i am am yoav trader from israel .

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  #2509 (permalink)
jlmalhotra
New Delhi
 
 
Posts: 3 since Jul 2011
Thanks: 0 given, 0 received

Hi I am Vipul from India and I have been trading continously for past 3 years now . Basically an intraday trader.

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  #2510 (permalink)
Bri219
Altamonte Springs,FL
 
 
Posts: 72 since Jan 2012
Thanks: 481 given, 231 received

Hey Mike,My Name is Brian.I'm new to Futures trading and trying to be a part of a community that will help me build a strong foundation to trading.I am glad to be a part of this group.

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  #2511 (permalink)
 Blandly 
13-1-41, Kedrova st., Moscow
 
Experience: Beginner
Platform: NinjaTrader, MarketDelta
Trading: Futures
 
Posts: 1 since Nov 2011
Thanks: 0 given, 0 received

Hi guys! I'm Peter a day trader from Moscow.
I'm trading RI & Si (RUBUSD) & Silver & Gold & Euro futures on RTS FORTS,
and developing strategies for hi-frequency robots (frankly not very successful yet )

Nice to meet all of you here!!!

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  #2512 (permalink)
 Kohtro 
Fayetteville, NC USA
 
Experience: Advanced
Platform: LinnSoft InvestorRT
Trading: ES
 
Posts: 1 since Jan 2012
Thanks: 0 given, 1 received

Hi guys/gals,

Just lost my savings looking at charts (using traditional TA). I've read tons of TA books but it appears that everyone else has read the same books (esp big money). This blowout has taught me that the real successful traders use TA for reasons other than its application. They use it to know what other traders are seeing/thinking (chess?). I am now disheartened with charts and derivative (indicators). Charts didn't tell me where price is...I now realize they only told me where price was (if that makes any sense). After some serious deep thought I've come to the realization that the only thing that really matters is price and volume. The closer I can get to this unadulterated price/volume action the better my chances of making a profit at this game. Now how do I get there (tape reading/Gom/MP)?

In the mean time I just started a part-time job this past Monday so I can build up my trading account. In between my breaks at work I'll be checking in with you guys/gals to see what it takes to make it. Any advice is greatly appreciated.

I'm not trying to make a killing...just a living.

Thanks,
Kohtro

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  #2513 (permalink)
Farmer333
Washington DC
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hello All,

I am new to the trading game however I do have a few years in following the grain futures market acquired during my previous career. after reading a few forums from this site i decide to join in and learn from this community. thanks mike for putting this site together, and i welcome any suggestions thatwill help this new guy out.

For starters, i am looking for suggestions how to select the right trading platform/data feeds where i can paper trade for a bit to test my theories.

thanks

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  #2514 (permalink)
 BridgeBuilder 
Pasadena
 
Experience: Beginner
Platform: NinjaTrader
Trading: oil
 
Posts: 1 since Nov 2011
Thanks: 1 given, 0 received

Big Mike is a great source of information
Bridge Builder

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  #2515 (permalink)
steven227
Nijmegen, Netherlands
 
 
Posts: 6 since Dec 2011
Thanks: 4 given, 0 received


Kohtro View Post
Hi guys/gals,

Just lost my savings looking at charts (using traditional TA). I've read tons of TA books but it appears that everyone else has read the same books (esp big money). This blowout has taught me that the real successful traders use TA for reasons other than its application. They use it to know what other traders are seeing/thinking (chess?). I am now disheartened with charts and derivative (indicators). Charts didn't tell me where price is...I now realize they only told me where price was (if that makes any sense). After some serious deep thought I've come to the realization that the only thing that really matters is price and volume. The closer I can get to this unadulterated price/volume action the better my chances of making a profit at this game. Now how do I get there (tape reading/Gom/MP)?

In the mean time I just started a part-time job this past Monday so I can build up my trading account. In between my breaks at work I'll be checking in with you guys/gals to see what it takes to make it. Any advice is greatly appreciated.

I'm not trying to make a killing...just a living.

Thanks,
Kohtro

Hello Kohtro,

Your story looks and feels familiar to mine, already many years ahead. When I look back I can see that, apart from a big lack of knowledge my commitment with the financial worlds and the markets was inadequate. What we are doing is a form of speculation, we are not investing in a longer term. We are not contributing to society in any way and plainly want a piece of the big cake in front of us. Well, this last point is not that important because it's valid for many office workers who are merely producing and wasting paper, toner and energy. They are only link t to others, lost in the same digitized underworld.
What's important, I think, is that you realize in what world you are operating, what is going on and who are you to compete with big sharks who are eager to swallow you before you know the game? The story of losing is always the same: not knowing your self and over estimating your self. It is my story too untill I realized that it was a legitimate place for me because of who I am. I can learn and develop myself in this totally crazy underworld were the big sharks are making the rules (in their favor) and hunt the little.
We humans are at the edge of extinction. We have ruined the planet, but alas there are still a couple of billions left. As long as we learn from our lives we are improving and to me it seems that this might be the real game.
So do not only study to grab information and theory but try to feel what works for you. There are hundreds of tools you can incorporate but actually you will only work with a few. If you forget your self and go just for the glory you might make millions but I guess this is not in the box for most of us and that's fine. First try to have joy just experimenting with a demo account with instruments that fit you, with indicators that are revealing their secrets to you, and when you feel solid ground and know you are where you should be, start thinking of a real account.
Kohtro there's magic involved, look around and try to see what is important for you and you will see.

Success,
Steven227

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  #2516 (permalink)
ablepress
Hartford, CT
 
 
Posts: 2 since Jan 2012
Thanks: 2 given, 0 received

I'm a forex enthusiast who likes trading USD/CAD against the DXY dollar index.
I'm fascinated by the tech side of chart reading but technicals are out of my
comfort zone (too many reversals or stops too tight). USD/CAD, on the other hand,
seems to respect S+R lines on the H4 and D1 charts. This for me presents an ideal pair.
Found my way here from a Murrey Math post @ forexfactory. Thanks Mike!


Much success in your trading - ablepress

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  #2517 (permalink)
laredo512
austin,texas
 
 
Posts: 3 since Dec 2011
Thanks: 0 given, 0 received

TY

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  #2518 (permalink)
ablepress
Hartford, CT
 
 
Posts: 2 since Jan 2012
Thanks: 2 given, 0 received


Kohtro View Post
Hi guys/gals,

Just lost my savings looking at charts (using traditional TA). I've read tons of TA books but it appears that everyone else has read the same books (esp big money). This blowout has taught me that the real successful traders use TA for reasons other than its application. They use it to know what other traders are seeing/thinking (chess?). I am now disheartened with charts and derivative (indicators). Charts didn't tell me where price is...I now realize they only told me where price was (if that makes any sense). After some serious deep thought I've come to the realization that the only thing that really matters is price and volume. The closer I can get to this unadulterated price/volume action the better my chances of making a profit at this game. Now how do I get there (tape reading/Gom/MP)?

In the mean time I just started a part-time job this past Monday so I can build up my trading account. In between my breaks at work I'll be checking in with you guys/gals to see what it takes to make it. Any advice is greatly appreciated.

I'm not trying to make a killing...just a living.

Thanks,
Kohtro

Hi Kohtrol -

Sorry to hear about your misfortune. If I'm reading your post right..you're trading the emini at TradeStation. This just
happens to be my goal for q4 2012. In preparation for that move, I'm studying software interactivity at a very user
friendly website. Barry has developed a unique set of custom indicators and a newsletter that shows set-ups and
interpretations of daily market activity with very short lag time. The indicators are moderately priced and tailored
for TradeStation with no charge for the newsletter. I think you'll appreciate the great content there for emini traders.
Visit: Emini-watch.com Hope this helps. - ablepress

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  #2519 (permalink)
IronMonkey
Los Angeles
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hi guys! I just randomly stumbled upon this forum when I was doing a search on a company called PowerTradingFX, LOL, good for me I found out they're a scam because you have to PAY them (never ever payed anyone for my studies)!! Glad that's done with...

Anyways, my life in Forex began in 2008, where I read all of babypips, had a buddy who had a little more experience than me show me a few things, and I demo'd successfully for a little over a month. Then my big ego got in the way, and I put in $1000 (signed with Oanda, been with them ever since, and never leaving them), and what do you know, had a few successful days... and then came the crash, ahhh... greed took over, so did impatience, and a lot of emotion... experimenting with another currency (EUR/JPY instead of the cable) in my live account cause I thought I could, did not help, and helped me crash quicker. Blew out the account, took some time off. Later put in another $500, blew that as well.

I don't regret it, cause I definitely learned a few valuable lessons, and I don't like to demo trade, I rather trade live with very small amounts because that builds REAL experience. Nevertheless, took a lot of time off and lost interest somewhat, NOW I'm back into it, the fire has been rekindled, and I'm very to learn how to be successful and my ultimate goal is to trade FULL TIME and make big bank There has been no career field or hobby that sparks my interest like Forex does.

Glad I found this forum, read a few topics for now, registered.. hope I can contribute some, and learn even more!

P.S. - Shoutout to BigMike, read in a post that you trade full time, and I agree that there is nothing more liberating than becoming a full time trader!

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  #2520 (permalink)
oskeewow05
Hartford, CT
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hi guys.

Just getting started here trading my own account after some time out of the markets. I have some previous experience on a prop desk, with low-commission/high-volume strategies that don't really translate to a small account with a day job. Hoping to discuss small account/money management, trading around a day job, simple indicators, semi-automation, and for the time being finding the right tools to get started.

Looking forward to learning from you guys, and I hope in my experience there is something I can share back.

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  #2521 (permalink)
 daniv 
Valencia (Spain)
 
Experience: Intermediate
Platform: Ninja Trader
Trading: Futures
 
Posts: 8 since Jan 2012
Thanks: 2 given, 2 received

Hi everybody,

This is my first post and I would like to thank all the people that make this possible. As many other I started with discretionary trading and it was a really bad and harmful experience, to be honest, at the end at put the trades emotionally ( things like I think it is going up because it's being going down for so long...).

Now I am using automated trading strategies with Ninja Trader. I hope I can help with my knowledge and be helped with all of you.

Thanks

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  #2522 (permalink)
 windriver13 
Wyoming
 
Experience: Intermediate
Platform: Sierra
Broker: TDA, AMP
Trading: MES, MNQ, M2K
 
windriver13's Avatar
 
Posts: 12 since Jan 2012
Thanks: 12 given, 8 received

I would like to thank Big Mike and all the Traders here for making this site a Wealth of information. A little info about myself: I started trading/investing in Stocks in the late 90's. Did OK for awhile till the Tech Bubble Burst. Got hurt so bad I didn't trade for several years. But you know how it is, can't stay away. Actually made some profits for a few years working with Stocks and Tradestation and also swing trading my 401K. Got hurt Bad again in 07-09. A couple years ago Buffett bought out my Employer and totally screwed me on my retirement plans. I worked there 29 years so I semi-retired. Started trading Stocks and ETFs full time with minimal profits. After a small profit last year swing trading I decided to give up stocks. It sucks when the Market is up but your Hold had bad news and you still get your butt whipped. So I moved my accounts to IB and have been dedicating myself to learning the Futures.

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  #2523 (permalink)
 viviancpy 
NSW, Australia
 
Experience: Beginner
Platform: NinjaTrader
Trading: CL
 
Posts: 2 since Jan 2012
Thanks: 8 given, 0 received

Hello , it's Vivian. I am working in Hong Kong as ITEC in a bank. I just started trading FX for 6 months. Wish to learn and contribute to all the buddies on bigmiketrading.com.

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  #2524 (permalink)
mikro2nd
Cape Town
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Just a quick intro - I'm another Mike (mikro2nd - so just a Small Mike ;-)

Learning about trading via a practice account for about 4 months now - FX only so far, but I may break out into indices/futures at some future date - just trying to get a grip on the basics, right now.

Live in the Southern Cape region of South Africa and planning to try and make a living out of trading.

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  #2525 (permalink)
brindley2000
London/UK
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hello Mike and team members,

Glad to join the site and hope to take part in coming forums.

I have been doing paper trading for the past few month, I am looking to pick new ideas from fellow members.

Thank you.

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  #2526 (permalink)
Oraculix
Zuerich/Switzerland
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hi Mike,
hi everbody,

thanks for the welcome message. I am glad to join your forum.
Since my time as student of economics I trade with stocks. And itīs as life - some times good some times average and some times very bad. But over all it was o.k.
A year ago I started with day and swing trading. Results are also mixed. But it is very stressful to me because I am no gambler and a little risk-avers in my heard. But the strategie works and so I am interested in automation daytrading. As plattform I want to use NT.
My profession is IT expert/ developver and business analyst (self employed).
And sorry for my not so perfect English.

Thanks

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  #2527 (permalink)
 CoVal 
Munich, Germany
 
Experience: Advanced
Platform: mt4
Trading: Indices, FX
 
CoVal's Avatar
 
Posts: 6 since Jan 2012
Thanks: 0 given, 1 received

Hi Everybody,

I am CoVal, 6 years on the market, trading forex, some CFDs, futures, etc. I have never tried to trade options - so still I have got something ahead to learn.

Since I work full time I have to rely on automatic trading, and actually this is what really interests me - manual trading I find quite borring, but of course I have a great respect to all those who have enough patience and stubborness to hunt for a signal.

I have tried so far quite a lot of different styles of trading, I have written numerous systems - from a japanese candle pattern recognition to High Frequency Trading Systems.
However the most interesting style for me is a simple Pairs Trading, or I would rather say: Spread Trading - since on oposit sides are sometimes more then 1 instrument.

I am looking for people who have simillar ideas as I do and for some people who would perhaps introduce me (easy way) to option market... .

So at the end of this short introduction I would like to wish all the traders all the best in all their trades !!!

PS
Presently I live in Germany, but since I trade automatically - I trade around the clock.
CoVal

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  #2528 (permalink)
 Beefheart 
Parma, Italy
 
Experience: Intermediate
Platform: ProRealTime
Trading: Index and Bond Futures and Options, Stocks and Stock Options
 
Posts: 14 since Jan 2012
Thanks: 15 given, 15 received

First, I apologize for my english. Older than most of you, I have started investing in stocks in 1980, with tiny savings and good but very small results. Trading costs (0.7% to the broker + 15-20 dollars to the bank + 3-5 dollars state tax per trade) were often eroding gains, ad magnifying losses. . Of course no tol, no realtime. As the cost of data feed and newsflow were extremely expensive at that time, position trading using the EOD data from newspapers was the std. Even the cost of a computer was too high to even think at it. When I started working I stopped trading. I resumed in 1998 with a PC and a dial up line for order entry. Quotes were in real time but no platform were available. So that I started using Metastock and feed with EOD data. The .com bubble brought the two previous years' fat gains down to zero. A couple of years ago I found myself to start again trading. For a living, this time. Not a discretionary choice. I started studying technical analysis again, just to find that nothing is like before. Everybody says "use only money you can afford to lose". I have to use money I cannot afford to lose instead. I am looking for a way to do it without burning my savings. I know I want to do that. That goal is a prioritary need. I am not looking for the Holy Grail. But it seems 12 hours' day are not enough. I am ready to do my homework, with the goal to make it! Beefheart

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  #2529 (permalink)
 tonybm 
torontocanada
 
Experience: Beginner
Platform: Ninja
Trading: ES
 
Posts: 6 since Dec 2011
Thanks: 1 given, 2 received

Hi everyone!

Like most new day traders,Iím still in the learning curl phrases and looking forward finding good mentors, sharing trading experiencesÖ

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  #2530 (permalink)
 ndxtrader 
Boulder, CO
 
Experience: Advanced
Platform: Sierra Chart
Trading: NQ
 
Posts: 2 since Jan 2012
Thanks: 5 given, 0 received

Greetings fellow traders,

It's been forty some years since my first trade, 100 shares of Farrington Mfg at $3. Sold it at $7+ and have been excited about trading ever since. I used that money from the trade proceeds for a down payment on an airplane and started a flying service since I had just earned my commercial pilots license.

I lived the dream for awhile by actually managing a small hedge fund in San Diego until the owner had a stoke and quit. Since then I have been working on refining trading systems and starting my own hedge fund.

Futures and stocks are my main instruments. Any futures work for me, but I focus mainly on the index futures.

I found this forum when googling something and now I'm here.

Cheers,

John

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  #2531 (permalink)
EcnJesus
manchester/united kingdom
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 1 received

Hello,

I have been working for various brokers in the past - starting from customer support ending with dealing desk. I have managed to gather a lot of experience and knowledge. In the process of my work i have seen a lot of people loosing their money - some loosing hundreds of thousands and some loosing their last hundred.

For some time now i have wanted to show the traders what are they trading against and show their beloved mt4 from the brokers side. What a broker is able to do with their clients.

I have been posting videos on various forums and video channels. All of them got removed by MetaQuotes due to right infringement. Thou i am the author and creator of the videos, no one has given me a chance to stand up and protect myself. So it was kind of unfair fight.

I will be posting the content i have in this forum. I am not selling, nor promoting anything. I do not care about the unfair brokers, nor i have the list of the ones who are fair - this is impossible.

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  #2532 (permalink)
clark
qingdao/china
 
 
Posts: 1 since Jan 2012
Thanks: 1 given, 0 received

good job,Mike,

it's really a nice forum.

Best wishes

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  #2533 (permalink)
skeeedaddy
Las Vegas, NV
 
 
Posts: 1 since Jan 2012
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The longer I trade the less I know! I find it interesting to see how differently each trader skins this cat. It is a constant learning process.

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  #2534 (permalink)
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
 
nakachalet's Avatar
 
Posts: 512 since Aug 2011


EcnJesus View Post
Hello,

I have been working for various brokers in the past - starting from customer support ending with dealing desk. I have managed to gather a lot of experience and knowledge. In the process of my work i have seen a lot of people loosing their money - some loosing hundreds of thousands and some loosing their last hundred.

For some time now i have wanted to show the traders what are they trading against and show their beloved mt4 from the brokers side. What a broker is able to do with their clients.

I have been posting videos on various forums and video channels. All of them got removed by MetaQuotes due to right infringement. Thou i am the author and creator of the videos, no one has given me a chance to stand up and protect myself. So it was kind of unfair fight.

I will be posting the content i have in this forum. I am not selling, nor promoting anything. I do not care about the unfair brokers, nor i have the list of the ones who are fair - this is impossible.

EcnJesus, thx.

bring them on. just change the actual and real name to john, jane do, or whatever you wish; to avoid possible but unlikely legal harassment.

i for one would be appreciative of your real and raw data, without any alteration, with the exception of protecting their true identities, names and such, K?

thx again for wanting to share something that is not normally accessible to most public.

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  #2535 (permalink)
 Future 
Hartford, CT
 
Experience: Intermediate
Platform: Tradestation
Trading: stocks
 
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Posts: 18 since Jan 2012
Thanks: 22 given, 5 received

Have been day trading actively since 2003. Surprised that I did not come across this site sooner. Looks like a great resource and a good place to hang out. Looking forward to all that futures.io (formerly BMT) has to offer and certainly hope that my contributions will be useful to others.

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  #2536 (permalink)
 Beach Bum 
mountlake terrace
 
Experience: Beginner
Platform: NinjaTrader
Trading: Crude Oil
 
Posts: 3 since Dec 2011
Thanks: 0 given, 0 received

Hey Everybody, my name is Don. I am using beach Bum as my site name (normaly I am Sojourner but somebody was already using it). I have been trading for some time but without much success. I keep getting reminder emails that I have not posted anything. Well the fact is that this site is so HUGE with many threads ending about the time i feel I am getting somwhere. I simply have not had time to figure it all out.

Don

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  #2537 (permalink)
SenG
Zagreb, Croatia
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hello!

I am not that interested in trading (yet), but I am here because I heard how exceptionally well-managed this forum is and hope to recreate this positive atmosphere on my web site.

Thank you!

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  #2538 (permalink)
K0bra
Czech Republic
 
 
Posts: 1 since Nov 2011
Thanks: 0 given, 0 received

Hello!

Thank you, this forum it's great.

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  #2539 (permalink)
fitzcarraldo
Montpellier, France
 
 
Posts: 1 since Jan 2012
Thanks: 2 given, 0 received

Hello,
New on that Forum
Writing fom France; trading french index equity future with NT7 and IB.
discretionnal , no auto, 1 or 2 contracts
Not easy for me to discuss in English;
MY INDICATORS:
TS super trend, Mogalef bands,short term swing;APZ,Mama; FOSC,,Spearman,TSF, volume.
see you later

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  #2540 (permalink)
 UnderPar 
Burlington, VT
 
Experience: Intermediate
Platform: IB
Trading: Stocks
 
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Posts: 17 since Jan 2012
Thanks: 7 given, 17 received

Having just discovered this forum, I am already impressed by the considerate nature of the community. This forum is definitely a breath of fresh air. As a member, I hope to improve my trading and help others along the way.

I only trade US equities, however, I plan to add additional instruments in the future. Although most members here trade derivatives, I believe the fundamental psychology and money management aspects stay the same regardless of the instrument.

I'm planning to start a daily journal to keep myself both focused and accountable. I intend to be very transparent, particularly, in terms of the psychological component; which I hope will not only benefit myself, but other members as well.

Looking forward to getting to know everyone and thanks Big Mike for starting this great community!

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  #2541 (permalink)
traderhound
Phoenix, Arizona
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

hello all,
I have been studing charts for years, and am ready to start the trading process. Looking forward to communicate with traders, and gain more knowledge.

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  #2542 (permalink)
 dkhenkin 
Dallas, TX
 
Experience: Intermediate
Platform: MultiCharts
Trading: Stocks
 
Posts: 4 since Jan 2012
Thanks: 0 given, 0 received

Hey everyone, name is Dmitry, have only began trading recently. I have a Masters in accounting but a strong background in IT as well. I've always been interested in trading and found out about system design and development about 7 months ago. I started off with MetaStock and got pretty good at developing with it but wanted something more robust and decided to learn C# and NT.

On a side note, I live in Dallas, TX and have been looking for a mentor/group/anyone I can talk to about trading and bounce ideas off of. If anyone knows anything like that in this area, please let me know!!

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  #2543 (permalink)
vsantana
Cypress, CA
 
 
Posts: 2 since Jan 2012
Thanks: 1 given, 0 received


mukeshdm View Post
Hello all,

I trade part-time, mostly using auto-pilot trading in OmniTrader to take short-term 15 - 20 min trades. I test my strategies using TradeIdeas and set them up in Omni-Pilot to trade them during the day. My goal is to make 5% - 10% per month on my capital using 4x leverage without holding any position overnight.

I am also interested in learning more about discretionary trading and am always looking for new ideas.

Cheers,
Mukesh

> I'm new to this forum, so I hope I'm doing this correctly <
Just wanted to touch bases with you since you are trading in 15-20 min trades using leveraged stocks.
I mainly swing trade the TNA/TZA and FAS/FAZ ETF's and wanted to know which indicators work for you intraday.
Let me know if you're interested in exchanging ideas.
Thanks.

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  #2544 (permalink)
Steadfast Andy
Katy, TX
 
 
Posts: 9 since Jan 2012
Thanks: 3 given, 1 received

Hi Everybody!

My name is Andy and I work for Steadfast Networks, a Chicago based server and IT services company that specializes in CME proximity server hosting. I am looking forward to getting know more about the services, software, and people behind futures and stock trading, especially how it relates to our business. I also hope to gain enough knowledge so that one day I can be a successful trader myself!

Best Regards,
Andy

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  #2545 (permalink)
vsantana
Cypress, CA
 
 
Posts: 2 since Jan 2012
Thanks: 1 given, 0 received


UnderPar View Post
Having just discovered this forum, I am already impressed by the considerate nature of the community. This forum is definitely a breath of fresh air. As a member, I hope to improve my trading and help others along the way.

I only trade US equities, however, I plan to add additional instruments in the future. Although most members here trade derivatives, I believe the fundamental psychology and money management aspects stay the same regardless of the instrument.

I'm planning to start a daily journal to keep myself both focused and accountable. I intend to be very transparent, particularly, in terms of the psychological component; which I hope will not only benefit myself, but other members as well.

Looking forward to getting to know everyone and thanks Big Mike for starting this great community!

Welcome aboard.
As part of my New Year's resolution, I am keeping a trading journal locate and slowly eliminate my "demons"in order improve on my trading. Right now my demon that I'm working on my stop-loss. I mainly trade stocks and ETF's only on an end-of-day bases (swing trader). Wishing you much success on your trading journey.

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  #2546 (permalink)
 Mark109 
Boston Massachusetts USA
 
Experience: Intermediate
Platform: ToS, StkChts
Broker: TDA / TDA
Trading: ETFs, Equities
 
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Posts: 1 since Jan 2012
Thanks: 2 given, 1 received

Hello Big Mike & Fellow Traders,

Decided I should stop going at this alone.

I consider myself to be a swing trader.

Most of my experience involves trading equities including corporate stocks, index & sector ETFs for 2 to 10 day timeframes.

Although, I usually hold a few core equities for much longer periods. Recent core holdings include Apple & Starbucks which have been technically & fundamentally strong for quite a while now.

During past couple of years, my technical trading for short-term timeframe was OK but no great. This is where I hope to improve.

For example, I confess to missing a good chunk of last year's Oct. rally. Frankly, I didn't believe in the rally.
I thought for sure S&P would continue down to 1040 before we saw a major market turn.....thus I made
mistake of allowing my own psychology to over-ride the technicals.

As you can see there's certainly room for me to improve.

I definitely hope to learn from other members about which tools they find useful for swing trading and which platform would be best fit. I'd like to use a platform that offers "quality back-testing" as well.

At first I may lurk, learn and ask questions but hopefully in time, I can pay forward my experiences and humble knowledge to other members as well.

Stay Well,
mark

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  #2547 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,727 received


ndxtrader View Post
Greetings fellow traders,

It's been forty some years since my first trade, 100 shares of Farrington Mfg at $3. Sold it at $7+ and have been excited about trading ever since. I used that money from the trade proceeds for a down payment on an airplane and started a flying service since I had just earned my commercial pilots license.
Cheers,

John

That's kind of my dream. One day learn to fly a real plane. Even better if I had money, doing a flying service as a commercial pilot. (private jet ) I've spent more than a thousand hours on FSX (mostly PMDG and commerical routes from flightware.com and airnav.com). Dream is still long way off. Thanks for mentioning.

And wow , you've been in trading a long time. Since ticker tape and when options just came into existence(?).

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  #2548 (permalink)
 thehumbletrader 
Columbia, South Carolina, US
 
Experience: Intermediate
Platform: NinjaTrader, Multicharts, Amibroker, Ensign
Trading: TF, DAX, E6
 
Posts: 1 since Jan 2012
Thanks: 1 given, 1 received

I've heard of Big Mike's before, and found some helpful content here while doing research, but I had not taken the time to read over the home page or membership description. Over the past 6 years of my trading career I've been fairly private, only speaking with one or two close trading buddies. I look forward to expanding my list new friends here at Big Mike's.

I enjoy trading the DAX, E6, TF and maybe a little CL. I'm not a big fan of trading the ES.

I like to take a top down and bottom up view of the market. For large timeframe analysis I view the market through the lens of the Long Wave, and it's component sub-cycles all the way down to Quarter-Wall Cycles.

From the bottom up, I use 2 distinct perspectives into the market.

First, on micro scale a simple 3 tick range chart as the small timeframe and just one more above that at 6 range. A 200 moving average surrounded by a modest envelope offers a chop range around which I look for basic market structure elements, lowers highs and lower lows etc. I'm a big fan of VWAP Bands to identify potential targets. I find that in most of the markets I trade a 3 standard deviation move is nice chunk and to hold on for more is a low probability scenario. I like keep the wind at my back with this method and would characterize it as micro-trend following with reasonable targets. I would rather exit and re-enter at key resistance than hold through retracements. This method works best from 3 am EST to 6 am EST on the DAX, E6.

At the New York open, and after some time away from the screens (breakfast, Qi Gong, walk outside etc.), I employ another method which is more involved, but works well on 65% of the days, and only during the first hour. It's a good overall model for assessing the near term directional forces viewed through the subtleties of the MACD momentum indicator. I would characterize this as a counter-trend method for setups, but good at identifying current trends.

Regarding my areas of study in my off-trading hours, I'm interested in Cumulative Delta, Alan Squares and more generally - quantitative analysis and coding. Coding, although I'm new at it, has helped me get a deeper view in the mechanics of the market, and sparked an endless supply of curiosity. My hope is that eventually the Cum Delta and Alan Squares will fill-in those time frames between what I'm currently doing and the Quarter-Wall Cycle, thus giving me a custom fit lens for each particular time frame, one within the other, so that I might honor the market by truly listening to what she has to say. She's quite the dancer too!

After my fair share of pain and suffering I am consistently profitable on a weekly basis and losing days are fairly rare, but they are welcome to appear when they like, just as long as they are under my hard limit of -30 ticks. As a past pocket-billiard money player, I'm well acquainted with performing under pressure. Mom always said, "It's okay to have butterflies Jay, just get them flying in formation." She would sit in the front yard with a catchers mask and mit and let me fast pitch baseballs at her, so I try to remember her advice when I can. She had courage! Even still, I don't like to think of my performance in dollars, it's always ticks. Ticks, ticks, ticks -- that's all I wish to focus on. 100 ticks and done for the day. Minus 30 and done for the day. Nice and simple.

If I finish in European session, I go to Sim for the first NY hour, and after that it's lunch time and maybe off to the gym.

I don't drink, smoke, do drugs or eat sugar. Okay, I ate some sugar over the Holidays and boy did that throw me off. As long as I'm getting good rest, eating well and being mindful of my emotions everything seems to fall into place.

One interesting thing about trading -- it requires me to be at my best and that's why I love it. After watching a recent documentary on pit traders, I'm very grateful for the tranquility of my trading room.

But the best thing about trading is that somehow, as if by some ethereal guidance, the most amazing people have sprung up to help me along this path. I trust my experience here at Big Mike's will be an extension of this ongoing theme.

So, thank you in advance for the warm welcome. I look foward to many interesting discussions here at Big Mike's.

All My Best,

j : )




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  #2549 (permalink)
 omni72 
Tulsa, OK
 
Experience: Beginner
Platform: Jigsaw, Ninja Trader, Sierra Chart
Broker: Ninjatrader/Rithmic
Trading: G&L Tribute Series Rampage
 
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Posts: 348 since Jan 2012
Thanks: 582 given, 622 received

So I was checking out a Bid Ask Indicator thread over on the Sierra Chart support forum and someone posted a link to a thread on Big Mike's forum. I'm a fearless link-clicker, so whoosh! Off I went. Read, read, read, and then time to click on the image to see the details of what the OP was writing about. Nope. Gotta be a registered forum member to view the image. DOH! Fine, fine, I'll register for YAFTF (yet another "fine" trading forum). Got my fix for seeing the image (you'd think it was some pic of Vida or Veena or something, but no, just a chart with numbers bars) and decided to take a look around.

It didn't take long to figure out futures.io (formerly BMT) is not just another trading forum.

That's how I came across futures.io (formerly BMT), but it was my passion for trading that had me hunting in the first place. My primary market is the ES, but also dig the NQ, TF, 6E, and ZN. Got a few other markets on the radar for later, but those five take enough attention for now.

Trading is a full-time passion but part-time pursuit. I do have a day job that is not trading related. Only it's evenings, so not a day job. Anyway, I'm not trading for a living. Full-time trading is an eventual goal, but down the road a bit.

I've been into trading for a few years and have quite thoroughly obliterated a decent sized account. Rebuilt my stake (not back to 100%), made fewer and smaller mistakes. More paper-cuts, less falling-on-grenade. Round three is in its infancy (currently SIM'ing). I'm a discretionary intra-day timeframe trader. Years ago I traded equities on a swing timeframe and that was not my bag. Talk about taking work home, yikes! EOD means I'm flat. Will that ever change? Possibly, some day. I don't see it, but I'm open to it.

Have you ever been involved with something as gut-wrenching and mind-bending as trading? Man, I haven't. Without a doubt, it is the most fascinating thing I've ever pursued. Other than women (I'm married so I've been chasing the same woman for over 15 years now ). Okay, and raising children. I have five kids. And all three things have taught me more about myself and human behavior than I would have imagined. I have a degree in psychology, but my little trifecta of real life experiences (trading, marriage, children) has been the real source of my growth and development as a person.

So there ya go. Yeah. That's a decent introductory picture.

I'm still very new to futures.io (formerly BMT) so I haven't really formed any expectations - from the forum or from me to the forum. That's not entirely true. I hope to be able to share from my experiences, both between the opening and closing bells and from between the ears.

Take care -

Omni

p.s. How cool is this? I have an undeveloped site centered around being a humble trader and the person who posted right before me IS thehumbletrader!

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  #2550 (permalink)
wats0210
Minneapolis, MN
 
 
Posts: 2 since Jan 2012
Thanks: 0 given, 3 received

Hello to Mike and everyone here.

I'm new when it comes to active trading. Over the years I've invested, but never really traded. I've come to this community in hopes of getting, and sooner or later, giving great advice about trading. A little bit about myself. I just graduated college and really am at a crossroads in my life. I'm also a poker player that has done fairly well for myself. I've made enough money from poker to pay for my college and save up a good chunk of change as well. This experience of earning a living by risking money resonated with my inner poker player. At this point in my life I feel that I may be able to day trade successfully, with the help of some advice and some studious work of my own. I've always followed the US markets in my spare time and now would like to make a career out of it. I've done some reading of day trading books but felt that I would gain much knowledge through discussion with people on a forum. I'm looking forward to being a member of this forum and community and hopefully succeeding in my plans as a day trader.

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  #2551 (permalink)
 gcaldridge 
port charlotte, florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: Oil
 
Posts: 100 since Dec 2011
Thanks: 54 given, 80 received


wats0210 View Post
Hello to Mike and everyone here.

I'm new when it comes to active trading. Over the years I've invested, but never really traded. I've come to this community in hopes of getting, and sooner or later, giving great advice about trading. A little bit about myself. I just graduated college and really am at a crossroads in my life. I'm also a poker player that has done fairly well for myself. I've made enough money from poker to pay for my college and save up a good chunk of change as well. This experience of earning a living by risking money resonated with my inner poker player. At this point in my life I feel that I may be able to day trade successfully, with the help of some advice and some studious work of my own. I've always followed the US markets in my spare time and now would like to make a career out of it. I've done some reading of day trading books but felt that I would gain much knowledge through discussion with people on a forum. I'm looking forward to being a member of this forum and community and hopefully succeeding in my plans as a day trader.

I had to smile when you said you were at a crossroads. I'm 62 and have discovered that there are crossroads in front of you everyday. It's your choice then to keep on a chosen road or choose another.

I will gladly share my viewpoint but would really love to read some answers to some questions. Whether you answer or not I will still share my viewpoint in a few days.

1) Why don't you keep going with poker? I've been doing some writing about trading and poker playing is a comparison I make to trading. That is not to say that they are the same in all things but there are a lot of similarities. Many would say poker is gambling and trading isn't (or shouldn't be). I maintain a professional poker is not a gambler but a combination of a statistician and negotiator.
2) How much time do you think it is going to take you to reach the point of consistent, profitable trading?
3) ... and how much money do you think it will cost? (I am not asking you a personal financial question.)
4) I would suspect as you learned to play poker successfully you learned a lot of lessons the hard way (i.e. you lost money). How do you feel about going through another round of lessons?

I hope you don't mind sharing your viewpoints and that you don't consider the questions too personal.

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  #2552 (permalink)
wats0210
Minneapolis, MN
 
 
Posts: 2 since Jan 2012
Thanks: 0 given, 3 received


gcaldridge View Post
I had to smile when you said you were at a crossroads. I'm 62 and have discovered that there are crossroads in front of you everyday. It's your choice then to keep on a chosen road or choose another.

I will gladly share my viewpoint but would really love to read some answers to some questions. Whether you answer or not I will still share my viewpoint in a few days.

1) Why don't you keep going with poker? I've been doing some writing about trading and poker playing is a comparison I make to trading. That is not to say that they are the same in all things but there are a lot of similarities. Many would say poker is gambling and trading isn't (or shouldn't be). I maintain a professional poker is not a gambler but a combination of a statistician and negotiator.
2) How much time do you think it is going to take you to reach the point of consistent, profitable trading?
3) ... and how much money do you think it will cost? (I am not asking you a personal financial question.)
4) I would suspect as you learned to play poker successfully you learned a lot of lessons the hard way (i.e. you lost money). How do you feel about going through another round of lessons?

I hope you don't mind sharing your viewpoints and that you don't consider the questions too personal.

Nice to see I'm not the only one at a crossroads here. I don't mind answering your questions at all.

1. I'm not quite quitting poker. The problem is that on April of last year the US DOJ shut down access to the most popular, and profitable, poker sites in the world. These were sites where I played on and won a lot of money on and after the government crackdown it has become exceedingly difficult to find good profitable reliable poker sites that will service US customers. This government crackdown has left a great number of us poker players without a good stream of revenue and aside from moving to Las Vegas or a different country to play poker, something that I am not ready to do, I decided to look into other ways to make money. I still plan to play poker to get some money, however there will be no where near enough dead money around as there was prior to April of 2011. Since I have always had somewhat of an infatuation with the stock market I thought that I would give trading a shot.

2. I honestly don't know how long it will take to become a consistent profitable trader. Fortunately time is something that I have a lot of at this point. It took me a couple of years to learn to become a profitable poker player and I'm not ruling out the scenario that it may take a couple of years to become a successful trader.

3. Again, a question that I honestly don't know the answer to. I gave myself $40,000 to play around with for this trading adventure. I thought his would be sufficient since most places I have read say to start with $30,000 - $40,000.

4. Another round of lessons is something I expect. I'm not going into this thinking that I will start trading profitably and successfully immediately. As a poker player, even a successful one, you go into each game with the mindset that you may leave that game with nothing. Even being profitable in poker doesn't mean you will walk away a winner each day, or even each month, each game is a lesson.

I hope these answers suffice. If there is anything else anyone would like to know just ask.

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  #2553 (permalink)
 VinceVirgil 
Toronto, Canada
 
Experience: Advanced
Platform: NT
Broker: TD Ameritrade, Dorman/Zenfire
Trading: CL,ES
 
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Posts: 1,752 since Aug 2011
Thanks: 2,144 given, 9,222 received


wats0210 View Post
Nice to see I'm not the only one at a crossroads here. I don't mind answering your questions at all.

1. I'm not quite quitting poker. The problem is that on April of last year the US DOJ shut down access to the most popular, and profitable, poker sites in the world. These were sites where I played on and won a lot of money on and after the government crackdown it has become exceedingly difficult to find good profitable reliable poker sites that will service US customers. This government crackdown has left a great number of us poker players without a good stream of revenue and aside from moving to Las Vegas or a different country to play poker, something that I am not ready to do, I decided to look into other ways to make money. I still plan to play poker to get some money, however there will be no where near enough dead money around as there was prior to April of 2011. Since I have always had somewhat of an infatuation with the stock market I thought that I would give trading a shot.

2. I honestly don't know how long it will take to become a consistent profitable trader. Fortunately time is something that I have a lot of at this point. It took me a couple of years to learn to become a profitable poker player and I'm not ruling out the scenario that it may take a couple of years to become a successful trader.

3. Again, a question that I honestly don't know the answer to. I gave myself $40,000 to play around with for this trading adventure. I thought his would be sufficient since most places I have read say to start with $30,000 - $40,000.

4. Another round of lessons is something I expect. I'm not going into this thinking that I will start trading profitably and successfully immediately. As a poker player, even a successful one, you go into each game with the mindset that you may leave that game with nothing. Even being profitable in poker doesn't mean you will walk away a winner each day, or even each month, each game is a lesson.

I hope these answers suffice. If there is anything else anyone would like to know just ask.

Move to a place in the US close the Canadian border. Then you can commute, say Detroit Windsor...Work in Canada, live in the US. Most of the servers are located in Quebec.

Of course, still lousey in winter.

Border at Grand Portage is pretty close to you.

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  #2554 (permalink)
 gcaldridge 
port charlotte, florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: Oil
 
Posts: 100 since Dec 2011
Thanks: 54 given, 80 received


wats0210 View Post
Nice to see I'm not the only one at a crossroads here. I don't mind answering your questions at all.

1. I'm not quite quitting poker. The problem is that on April of last year the US DOJ shut down access to the most popular, and profitable, poker sites in the world. These were sites where I played on and won a lot of money on and after the government crackdown it has become exceedingly difficult to find good profitable reliable poker sites that will service US customers. This government crackdown has left a great number of us poker players without a good stream of revenue and aside from moving to Las Vegas or a different country to play poker, something that I am not ready to do, I decided to look into other ways to make money. I still plan to play poker to get some money, however there will be no where near enough dead money around as there was prior to April of 2011. Since I have always had somewhat of an infatuation with the stock market I thought that I would give trading a shot.

2. I honestly don't know how long it will take to become a consistent profitable trader. Fortunately time is something that I have a lot of at this point. It took me a couple of years to learn to become a profitable poker player and I'm not ruling out the scenario that it may take a couple of years to become a successful trader.

3. Again, a question that I honestly don't know the answer to. I gave myself $40,000 to play around with for this trading adventure. I thought his would be sufficient since most places I have read say to start with $30,000 - $40,000.

4. Another round of lessons is something I expect. I'm not going into this thinking that I will start trading profitably and successfully immediately. As a poker player, even a successful one, you go into each game with the mindset that you may leave that game with nothing. Even being profitable in poker doesn't mean you will walk away a winner each day, or even each month, each game is a lesson.

I hope these answers suffice. If there is anything else anyone would like to know just ask.

Thank you for such an open response. Here's my feedback:

1) Unless you are really good or really lucky, you need to be thinking in terms of years (at least 2) to become a successful trader. The length of time will depend upon at least two things: i) how hard and how smart you work at it; ii) how open you are to realizing that trading depends upon your ability to handle risk which manifests itself as fear and greed. 95% of traders lose and the major reason for this is holding losers and letting go of winners. They fear getting out of a trade with a small loss and stay in until it hurts too much and get it of winners early because they fear that price will revert. As a poker player you should understand this pretty well so it's a matter of how you adapt to it when you can't see the other players at the table with you.
2) My purpose in asking you about money was more to confirm you didn't think you could do this for a few thousand. Under capitalization is one of the other major reasons for failure. If you have enough capital to weather a string of (small) losses and if you increase and decrease the number of contracts on each trade relative to your capital (1%-2%?) then you stand a chance of lasting long enough to survive the learning period. Once again I think your poker playing will apply here. I don't know much about poker but I have heard the term "all in". That might work when you are able to see your competition and all of the cards that are visible but trading isn't like that. I would never recommend an all-in strategy in trading. Might as well just bet even/odd on the roulette wheel and enjoy a free drink.
3) I have been putting together an e-book or an e-course for what it takes to learn trading. This is not a financial venture but an effort to first help myself and hopefully help others. When it gets far enough along I am going to try and make it available for collaboration. The main theme of this book/course is that trading is similar to many professions: sports (baseball, football, golf); business (doctors, pilots); gamblers (21, poker). With few exceptions the best have put a lot of time and effort into rising to the top. Sports people engage in continuous rigorous physical, repetitive training; business people have long term, disciplined training with apprenticeships; gamblers spend years studying statistics and people. When I look at the training available for traders it normally consists of 1 day, 5 day, a few weeks of training and then you're supposed to be ready to make your fortune or as most people do lose it. Do you see a correlation?

As someone said in another message "just my opinion" but everything is just an opinion.

My message boils down to this:

1) You can learn the technical stuff in weeks and it seems to be a well kept secret that simple is best. I personally prefer to watch price action over several time frames. I have indicators on some charts but I don't trade with them per se.
2) You will need to learn trade or risk management. It is easy to get into a trade and there are very good arguments that you can flip a coin to get into a trade and be successful as long as you manage the trade once you are in. Too many people think that the entry is the challenge and then don't keep their eye on the ball.
3) You need to do a lot of 'training' to develop discipline, focus, patience, etc. Some of your poker experience will come in handy here. One major difference for you will be that poker is like scalping - each hand/trade can be over in a few minutes and some times longer. If you engage in longer trade periods you have to deal with the emotions associated with nothing significantly positive happening for hours.
4) I get upset when I hear educators telling people to control their emotions. You can't control them once they have happened. Only enough training and experience will result in those emotions not happening too often. When they do, you need to control your actions based upon a plan you are committed to sticking too.

Hope this helps. If you have any specific questions, fire away.

2)

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  #2555 (permalink)
dhoyda
halifax canada
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hey Mike, my name is Dan Hoyda. I am a student finishing my chemical engineering degree this semester and am interested in trading! I have been watching FX on tradestation and am interested in learning some of the indicator programs to notice things others may have missed. Thanks for this forum, I'm glad to be here.

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  #2556 (permalink)
Premarket Trader
Detroit, Michigan
 
 
Posts: 1 since Feb 2012
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Hi guys,

Just joined this thread. I'm a trader at Bright Trading, and have been searching for some new trading edges. Hoping to have some good discussions here.

Happy Trading,

Premarket Trader

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  #2557 (permalink)
Billbb
GrandRapids, Michigan
 
 
Posts: 152 since Mar 2011
Thanks: 220 given, 72 received

Thanks for this forum Mike,

10 or 15 yrs ago I traded options from over the phone while working in the construction trades....did alrite, hung in there, then bought gold at a 40 yr low (call options) No brainer..nailed about 15 grand...that gave me some extra to play with...learned about futures...that was before it was like today, do it ur self w/ computer.

Up $600 next day listen to broker and lose $600....did better when I did my own home work...

Got away from it for a few yrs then got back into it in the last 4 yrs or so...

Since then ive blown my account once real good and dipped down to barely being able to trade...accouple of times...Rite now Im below the mininum and waiting for my deposit to post...and now I believe ive learned some lessons...not to over trade and chase..and allow profits to run (some how ?)

Recently I was only trading once a day and was moving forward then over holidays w/ distractions and excitement I over traded a bit....got the fever...now Im paying for it

I promise to make it...thanks for listening....well, reading...

Bill These little guys are the coolest.

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  #2558 (permalink)
Superhardcore
New York
 
 
Posts: 1 since Jan 2012
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hello. i trade financials, mostly 10yr notes

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  #2559 (permalink)
 lamass 
San Francisco,CA
 
Experience: Intermediate
Platform: Think or Sweam
Trading: ES
 
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Posts: 20 since Nov 2011
Thanks: 37 given, 13 received

Hello Traders,

Glad to join this forum- from what is out there, it seems really good: webinars, articles and etc. especially for people who like code and technical analisys Well what else is there? (fundamental and insader trading . )

My sails are however today on low- again another ("small") account was blown. It seems that no matter how one positions on- the market will just find a way to obliterate that rule. Hopefully that is just with me. I know, some people will say, some suckers are born to loose, and they position themselves in order to loose. Well, after deep thinking and so much intorspective work- still I can not change the wind on my sails (rather 'position my sails to the wind'). So the question is: is anybody on this forum making $$ or are we all learners?
I know, hard question.
Apparently so many techniques: MACD divergence, delta-what-not, 15 minutes brakeouts, lines, fibos, etc... but consistently, my goodness, I'm on the verge to say: farewell market!

Just the internal pain, bruised ego, my success in other endeavors, has made me that perhaps I have not yet found my 'golden goose method'.

Well, at list for the time being, i'll slow down and diminish the takeout of some really adept traders.
I wish you all luck and joy in all you do!
Lamass

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  #2560 (permalink)
1nfinlty
Melbourne Australia
 
 
Posts: 18 since Feb 2012
Thanks: 1 given, 7 received

Ive been trading forex since 2005 and futures since 2006.
Ive been investing long term value in stocks since 1997.
I have some that are still doing well, others that got busted badly in 08.
I never touch forex any more, since I figured it was actually fake, and it was just all in one big account at the broker.
Who manipulated your trading to keep it.
Even though in futures you can be manipulated, it takes their own money and work to do it.
In forex this is not the case.

The only way to trade Forex in my mind legitimately, is to have multi currency bank accounts through a bank.
And exchange currency and pay a commission like sending a wire.
But then you do not have the larger profit margins and losses doing it that way or the smaller order moving capacity.
But the bank gives you a fixed price, it doesn't move or the spread doesn't change you know what you will get.
So it is longer term investing like in stocks to do it properly.

Ive never blown up a whole account, im just like that, I back off and do something else and just try to refine and watch to see if I can figure it out.
Ive blown 50% though, but then I back off, I never go to complete retard mode.
Typical stupid mistakes not using stops not keeping to my stops/plan etc.
The only time ive had an account blown 90%+ is from a managed account with someone else trading it.
Will never do that again.

One thing that interests me, is why so many traders use the US cash session of the stock market as the gospel for levels and templates.
Because the world markets have been global 24/7 for quite a long time.
If you look at the financial crisis crashes, most of them fell much more before the US market even opened.
So I never base my analysis on just the US cash session, because although there is far more volume in this time.
It doesn't begin or end there.
And also many other traders trade currencies like the Euro and Gbp, during the US session as well.
When the larger moves happen in the European session.

Also another thing, floor traders.
In my experience they can only trade on the floor, and have a very hard time adapting to screen trading.
Yet many screen traders, as soon as they hear the word "floor trader", they think he must know everything and where the market will go
Which is not true.

I have a friend who is an ex floor trader from Sydney futures exchange of 9 years, and he tells me he never had a clue where the market was going to go.
He just learned to read peoples faces and behaviour in the pit like poker.
Subsequently he no longer trades anything except buying a few stocks longer term, and he most definitely does not play poker

Also another thing, broker/dealers.
Does anyone even know what they actually are?
Because you realize the registration as a broker/dealer, is an announcement of a possible conflict of interest from the broker to its customers?
Because a broker/dealer is someone who clears customers trades for a commission, but also trades his own account.
Which could mean that he uses all the customer order data to profit for his own account.
And he is announcing this could be possible simply by registering as a broker/dealer.
He is telling you by law

Anyway enough talking I will read some more.
Thanks

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  #2561 (permalink)
dave3444
Knoxville Tennessee USA
 
 
Posts: 1 since Feb 2012
Thanks: 0 given, 0 received

Hello

I am David, dave3444 on the forum

I'm 65 , have been trading for 15 years on and off, but never at an level I was pleased with

I'm here to learn, but hope something I post will be a help to others

My interest is TA of all sorts, but know I need to speialize and create a pattern of study each day that works to produce winning trades

Hobby is a study of Gann, grin, not sure that is a help with trading, haven't really been able to make EW work for me, but have spent a lot of time with it.

Live in East Tennessee USA and spend most of my time watching the markets.

Thanks Mike for hosting the forum, off to watch the video etc and learn the site.

David

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  #2562 (permalink)
 VegasFlyer 
Las Vegas, NV
 
Experience: Intermediate
Platform: TOS, Tradestation, NT
Trading: Futures, Forex, Options
 
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Posts: 16 since Sep 2011
Thanks: 17 given, 37 received

Hello fellow traders,

Joining futures.io (formerly BMT) today as an elite member, really like the education materials as well as some thought provoking threads and indicators. The best things on futures.io (formerly BMT) are not free, but $50 is a ridiculously low charge for the knowledge gained.-I'm gladly paying it.

If I had one book to learn trading trade from it would be John Murphy's Technical Analysis of the Financial Markets, and if I had one forum it would have to be futures.io (formerly BMT).

VF

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  #2563 (permalink)
Speedo
Dallas Texas US
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

I am happy to find this fine community and resource. As an 11 year trader, I have been to numerous useless sites featuring egos and nonsense. I day-trade the ES and live in Dallas.

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  #2564 (permalink)
Swizzle
Orange County
 
 
Posts: 1 since Aug 2011
Thanks: 12 given, 0 received

Well I finally am introducing myself.... only after 157 days. I am gaining a lot of valuable info from Big Mike's and still have much to learn. I have done the circle thing where you try one strategy, then another, then another, then back to the original again - I'll write it off as part of the learning experience. I love trading though and hope to expand it into a way of life.

Pleasure to meet you all,
Swizzle

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  #2565 (permalink)
 sailingman 
ravensdale wa/USA
 
Experience: Advanced
Platform: Tadestation
Broker: Trade Station
Trading: Ag Futures, GBP, Crude
 
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Posts: 19 since Jan 2012
Thanks: 2 given, 16 received

Hi everyone!

I just joined Big Mikes. I am looking forward to sharing with this group of great traders. I am using Think or Swim swing trading futures contracts. I was just introduced to Renko bars and am interested in seeing if that will fit with my trading methods. I am also learning how to program custom strategies, but failing miserably so far..

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  #2566 (permalink)
Maranel
Brno/Czech Republic
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hi guys,

I am Maranel from Czech Republic. I have gone through reading articles, books and building my own trading business plan. Currently I am spending the most of time with paper-trading. The reason why I have joined futures.io (formerly BMT) was looking for the recommendation for the broker. But I see that there are plenty other interesting information.

I am interested in futures, e-mini Nasdaq 100 and I hope that I am going to have some valuable information to share soon.

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  #2567 (permalink)
 illusivenick 
Denver CO
 
Experience: Intermediate
Platform: NinjaTrader, TOS
Trading: ES
 
Posts: 6 since Feb 2012
Thanks: 0 given, 3 received

Glad to be here, kept stumbling on this place in my searches for good information. I look forward to contributing as much as I can.

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  #2568 (permalink)
joe009
Toronto/Canada
 
 
Posts: 1 since Oct 2011
Thanks: 0 given, 0 received

Hey Mike,

Like everyone else i did lose alot of money, mainly cause i treated this as a game and depended on luck.. after reading and working many hours i realized its pure discipline, you can have the best setups in the world.machine scripts etc and can not make money. simply because you are not doing your other job in controlling your feelings..

Dont jump around, stick to a simple plan and build on it.. we are here all playing against each other and against ppl with deep wallets.. so dont get swallowed, its not an easy task or a job.. if you are beginner don't quit your job or get a job until you master this trade and till then consider to have this as your second job not first..

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  #2569 (permalink)
richstockguy
kolkata, india
 
 
Posts: 2 since Feb 2012
Thanks: 1 given, 0 received

Hello people
I am Avi from India. I am an absolute beginner- both here and at trading. I came up here after BM`s kept popping up for many of my search results . After some cursory glances, this place looks much more friendly and focused than many others out there. I hope to learn and, in time, help others as well.

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  #2570 (permalink)
 mmarco 
boston, MA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Trading: 6E, ES
 
Posts: 51 since Nov 2011
Thanks: 33 given, 184 received

New guy here too! SIM trading for about 1 year, real money for 4 months now. Had a pretty ugly 25% drawdown but stabilized after I collected my emotional self and started to recover recently. I posted the most valuable lessons I learned in this thread if anybody is interested:



Cheers and good trading...

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  #2571 (permalink)
 rafiqtrader 
toronto canada
 
 
Posts: 9 since Feb 2012

Hello, i am a daytrader. my favorite markets are nq,tf,es,6e. I first started trading futures after getting training from a mentor in canada. i moved with my family to US for work and i am looking to make the change to day trading full time.

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  #2572 (permalink)
owensweb
singapore
 
 
Posts: 1 since Jan 2012
Thanks: 1 given, 0 received

new here, was introuce by a friend from london. I am from singapore a tiny island in Asia . Hope to learn from the seniors here . Cheers

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  #2573 (permalink)
 Gary Fullett   is a Vendor
 
 
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Posts: 214 since Feb 2012
Thanks: 85 given, 375 received

As a little background, I started my trading career in 1982 and traded in the S&P pit at the CME. When I was first on the floor, I struggled with my trading. I started watching the paper flow of orders going into the pit, and noticed a pattern of where large orders were being placed. So I looked up sales by price, and was able to deduce where big money was active. This is what brought me to Richard Wyckoff principles, and Iíve traded and been teaching using these principles ever since.

The great thing about Wyckoff is that it doesnít matter what market or time frame Iím trading. It could be forex, commodities, or stocks. It could be 5 minute charts or monthly charts. The principles are the same for all of them.

I look forward to getting to know everyone!

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  #2574 (permalink)
 binary 
Des Moines
 
Experience: Intermediate
Platform: td ameritrade
Trading: gold,oil
 
Posts: 716 since Feb 2012
Thanks: 270 given, 286 received

hi Mike,
thank you for the forum.
i am an IT guy by profession.
have been trying to trade more and more just to break even from the past 4 years.
started with futures recently and had a ton of luck may be at start... but now hardly any good these days.
havent lost hopes yet!

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  #2575 (permalink)
kuncenz
Indonesia/ Jakarta
 
 
Posts: 1 since Feb 2012
Thanks: 0 given, 0 received

Hi, my name is michael, and i'm a trader from Indonesia
Glad to meet u all.. =)

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  #2576 (permalink)
 beinvested 
Kuantan, Pahang, Malaysia.
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures
 
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Posts: 13 since Oct 2011
Thanks: 7 given, 1 received

Hi,

I'm learning to trade futures after a few years of investing in equities. I think trading is very different from investing from the little experience I have so far. I came into trading as I was often frustrated about selecting the right stocks and timing for an entry. Of course, trading has a whole new set of frustrations to deal with.

I have read quite a number of useful posts in this forum although I have only barely scratched the surface. I hope to join into the discussions and to contribute back to the community once I get a hang on things. It has taken me 100 days to make my first post, so bear with me.

I don't know where this journey will take me. What I do know is that futures.io (formerly BMT) is another step in the right direction, so here I am.

We are not only who we are. We can be more. We can be better.
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  #2577 (permalink)
 traderwc 
Victoria BC/Canada
 
Experience: Intermediate
Platform: tos
Trading: es,tf,cl
 
Posts: 1 since Feb 2012
Thanks: 4 given, 1 received

Hello!

Thankyou for the welcome to your site. I am a part time trader looking to improve my skills until I can do it for a living. I look forward to perusing the forums and contributing where I may.

Thankyou futures.io (formerly BMT)!!

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  #2578 (permalink)
 tomtom 
Munich Germany
 
Experience: Beginner
Platform: Ninjatrader IG Markets PureDeal
Trading: DAX EUR/USD
 
Posts: 11 since Jan 2012
Thanks: 3 given, 7 received

Hello everyone.
my name is Tom ( who would guess that :-) )
I`m 27 years old and live in munich / Germany. I started trading about 8 month ago and I`m pretty sure made all beginner mistakes that are out there.

I supported my self the last 6 years playing poker for a living and would love to make the transition to a full time trader. ( After playing several years 300 days+ a year it got kind a boring and I would love the competition to learn a new "game" )

I didnt waste too much time with sim trading as I didnt want to wait for the 1st million too long.
( Which, needless to say, resulted in a couple busted accounts... )

I mostly trade the Fdax and E6 at the moment ( with CFDs, but want to make to step to futures in the near future)

I spent several hours/day with trading screen time, but find it rather tough as on many days I see that more I learn the more I see how little I know...

From beeing active at the start ( up tp 40 trades a day ) I cut down my trading activities to only very few trades a day ( with somedays no trade at all) but I spent all the hours in front of the screen watching the markets, price action and learning about indicators...

After every session I surf on futures.io (formerly BMT) I would need a couple hours to half way understand what all posts are about, but Im positiv I will catch up in the next month/years..

So long... hello to everyone and I hope I dont bother u guys too much in the upcoming future with trivial questions...

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  #2579 (permalink)
 gcaldridge 
port charlotte, florida
 
Experience: Beginner
Platform: NinjaTrader
Trading: Oil
 
Posts: 100 since Dec 2011
Thanks: 54 given, 80 received


tomtom View Post
Hello everyone.
my name is Tom ( who would guess that :-) )
I`m 27 years old and live in munich / Germany. I started trading about 8 month ago and I`m pretty sure made all beginner mistakes that are out there.

I supported my self the last 6 years playing poker for a living and would love to make the transition to a full time trader. ( After playing several years 300 days+ a year it got kind a boring and I would love the competition to learn a new "game" )

I didnt waste too much time with sim trading as I didnt want to wait for the 1st million too long.
( Which, needless to say, resulted in a couple busted accounts... )

I mostly trade the Fdax and E6 at the moment ( with CFDs, but want to make to step to futures in the near future)

I spent several hours/day with trading screen time, but find it rather tough as on many days I see that more I learn the more I see how little I know...

From beeing active at the start ( up tp 40 trades a day ) I cut down my trading activities to only very few trades a day ( with somedays no trade at all) but I spent all the hours in front of the screen watching the markets, price action and learning about indicators...

After every session I surf on futures.io (formerly BMT) I would need a couple hours to half way understand what all posts are about, but Im positiv I will catch up in the next month/years..

So long... hello to everyone and I hope I dont bother u guys too much in the upcoming future with trivial questions...

I have been developing a course to help people (mainly me!) learn to trade. That course may never see the light of day but developing it has been helping me concentrate and focus. In that course, I have taken some time to look at other 'professions' to see what I can learn from them. I have considered surgeons, pilots, team sports people (football, baseball, etc.), single sports people (golf, tennis, etc.) and gamblers. Each of those categories reveals something about human nature and how we learn and behave.

I break gamblers down into three types: pure luck like roulette where you have no way to influence the outcome; statistical like black jack where if you can count cards you can put the statistical edge in your favour; and the third type is like poker which combines some luck, some statistics and some (a lot of) trade and personal management. I am not a poker player but I know the old phrase/song "You have to know when to hold 'em, know when to fold 'em" and that applies 100% to trading. This requires first of all that you watch and analyze what the cards (price) is telling you as the cards are played. Then you have to be able to act on that analysis. Emotions are the challenge and will work against you, keeping you in losers and getting out of winners, I suspect just like poker.

Here are my thoughts about emotions:
1) You can't control them. Once you have them, they are there.
2) You can control how you react to emotions. Courage is not the absence of fear, it is the ability to acknowledge the fear, identify what it is telling you and then act accordingly. This takes education, commitment and experience.
3) You can minimize the situations that cause emotions. If the thought of losing a $1,000 on a trade makes you sick then find a level of trade that doesn't make you sick. If the thought of losing $10 is trivial then find a slightly higher level that will make you take a trade seriously.
4) You can develop understanding and experience that gives you a different perspective and environment that will give you both reduced emotions and more ability to react properly when you have them.

wats0210 is another poker player that joined recently. You might want to look up his posts and talk to him.

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  #2580 (permalink)
 tomtom 
Munich Germany
 
Experience: Beginner
Platform: Ninjatrader IG Markets PureDeal
Trading: DAX EUR/USD
 
Posts: 11 since Jan 2012
Thanks: 3 given, 7 received

There are just so many similar things between trading and poker ( I play 98% online, so the math based aspect takes a bigger role then in live games, but psychology is just as important as in trading )

In poker there is everything about pot odds which equals the risk reward ratio in trading
( If you have a flush draw which gives you around 35% equity to win the pot and have to pay 1000$ to win a 2000$ pot --> bad deal.
If you have to pay 500 to win 200 good deal....like risking 20 pips to win 3..not a good trade )

Also money management, self control very similar.
In both you never have a guaranteed outcome. you can hold AA and the flop comes down A45...you could still loose (or already be behind vs 32)
Same situation in trading, where you have 4 indicators all saying long and you just broke and old significant resitance... still not a guaranteed winner...

In both "games" you have no guaranteed income you can just try to add up positiv expectations. If all goes well, you earn good money, but variance could be a tough thing...
With both you can do things wrong, but still win over a pretty long time...and you could also do things right but it still takes pretty long untill the winnings come to you.

Anyways after several month I feel like a experienced formula 1 driver, who is good in F1 racing, who jumped into a motorbycicle race ( but never sat on a motorbycicle before)
There ARE many thing which are the same, but its still a different game... and while I took money management and self control for guaranteed I had to find out that I have to learn it new for trading...

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  #2581 (permalink)
TonyG08
Lake charles Louisiana
 
 
Posts: 2 since Feb 2012
Thanks: 12 given, 0 received

Hello. My name's Tony, and I'm brand new to trading.

Recently read a book called "Paytrading" that was very interesting and I plan to use the strategies in that book as my way of learning how to maneuver in The market.

My girlfriend really is interested in forex and that interest has rubbed off, but 1st I wanna solidify my fundamental understanding of the markets in general.

I haven't chosen a trading platform yet and look forward to the input of the more experienced ppl here in helping me skip past the stupid mistakes so that I can learn from the "smart" mistakes!!

Thanks all!!!

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  #2582 (permalink)
DUKEJPF
indianapolis, IN, USA
 
 
Posts: 1 since Feb 2012
Thanks: 0 given, 0 received

I am novice swing trader with some decent history . Enough to know I may have been more lucky than good ! I ran across some rave reviews for Big Mike's so I am joining to learn more. Thanks!

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  #2583 (permalink)
 Skybird 
stockholm
 
Experience: Advanced
Platform: WorldSpread + IT Finance
Trading: index
 
Posts: 1 since Feb 2012
Thanks: 0 given, 0 received

Hi

Call Sign Sky
Trading exp 4 years
Trading index as
SPX
OMXS30 (Swedish index)
Germ 30
USDSEK

MM WorldSpread
Normaly daily profit ~7 - 10%

Some exp of MT4
Using IT Finace charts


Privat
58 years old
Stop working 4 years ago now daytrader full time
Background as Fighter Pilot Swedis Air Force moor than 30 years

like
DownHill skiing
My bike (BMW R1200GS Adv

Best
Sky

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  #2584 (permalink)
rbhauer
San Francisco
 
 
Posts: 1 since Feb 2012
Thanks: 0 given, 0 received

Hi everybody.
I'd like to get into more depth trading the currency market. Hope I make new friends here.

Rich B.

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  #2585 (permalink)
pakkunet
Mangalore, India
 
 
Posts: 2 since Feb 2012
Thanks: 4 given, 0 received

Hi,

I am a trader from India who trades the Nifty Futures.

I have discovered NinjaTrader recently (its a free platform ) and am still finding my way around it. Hope to pester the members around here for guidance as I investigate the platform in depth.

I am not new to technical analysis per se (have used Amibroker in the past) but NinjaTrader is where all the action seems to be!

My background is a bachelors degree in Engineering, and have some coding experience although not in C#.

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  #2586 (permalink)
pbh74
Stockholm/Sweden
 
 
Posts: 1 since Jan 2012
Thanks: 1 given, 0 received

Hi,

I have been investing in stocks for 14 years alternating between good profits and large losses.

About one year ago I decided to learn more about trading and since then
I have traded stocks, forex, CFD's and a little bit, futures on time frames from 1min charts to 1 week charts.
I have stopped losing money on stocks, but still struggle with the rest.

I'm interested in both systematic and discretionary trading.
I'm using Ninja trader for backtesting, eSignal and Sierra Chart for charting.

BR
PBH

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  #2587 (permalink)
Luscord
Perth, Western Australia
 
 
Posts: 2 since Dec 2011
Thanks: 0 given, 1 received

Hi all,
Have been trading for 12 years. Futures, Stocks, warrants and fx.
Like the ES and Australian stocks. Aussie spi is terrible (for me anyway).
Use/d metastock, bullcharts, esignal - now look to be changing to NT with kinetick data.
Strictly technical using a little gann, s&r, price patterns and volume. Very few indicators. The simpler the better.
Short term day and swing trading. Struggle holding for the long pull.
Have only recently become consistently profitable (last few years).
2009 (+~40%) and 2011 (+~80%) were my best trading years and 2012 is shaping up very well so far.
My next step (which is how i found this site!) is to create a good trading journal.
I found this out by accident after i began sending emails to a few friends who wanted to know more about the mkt, potential direction, trading possibilities and risk control. I found this improved my trading out of sight.
I am an Australian property valuer. My professional career is currently taking a different path with an aim to include more trading and work less!
Great job on the site Mike. Look fwd to being able to share more when things start to slow down a little for me.
Cheers!

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  #2588 (permalink)
 Rocky Mountain 
New York, NY
 
Experience: Intermediate
Platform: NinjaTrader, Sierra Charts
Trading: Currency Futures
 
Posts: 3 since Jan 2012
Thanks: 0 given, 0 received

I trade primarily 6E and will have more to say later.

RM

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  #2589 (permalink)
 kashmiami 
miami
 
Experience: Beginner
Platform: NT,TS
Trading: ES,ZB,ZC
 
kashmiami's Avatar
 
Posts: 17 since Aug 2011
Thanks: 33 given, 12 received

I am a fairly new trader, who has been struggling to allocate some time to trade(the day job won't give me a breather), almost 2yrs. Have not traded much. But mainly influenced by Al brooks book which made sense to me( after multiple reads, of course
I have never met a trader or someone remotely connected to trading, which sucks for me because even basic things take up so much time for me to figure out. But I am very passionate about trading & am willing to put in the required 10k hours to achieve the expertise, cue Mr G.
Hope to trade for a living someday.
This forum looks to me like it is full of real & skilled traders.
I hope to contribute whatever I can, based on any learning's from Mother market
Anyone from South Florida , please feel free to ping me.

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  #2590 (permalink)
Greendomer95
Winston-Salem, NC/USA
 
 
Posts: 1 since Oct 2011
Thanks: 104 given, 1 received

Hello fellow traders! Like Mike I too have suffered blown accounts that would make many men cry. Also like Mike I feel that as a success SOMEDAY I will VERY much be a positive element in the world of trading for the community of traders who struggle and for those of you like myself who have been taken advantage of in the process you know exactly what I mean. I have reached the point in my process that I feel I can recognize many of the quirks of the futures market, primarily ES, 6E and CL. I have tried, joined and studied 4 different trading plans, programs/charting systems only to find what has been discussed many times in this forum: It works except when, or if you do this except this, only when the market trends like this but you only know this after the market has closed, etc. This FORUM has helped me avoid some of the marketing approaches that I have been presented through the Ninja Trading groups. I am not ignorant and do understand that MOST who are selling something are selling because they themselves can not make money trading! BUT I feel that with some luck and grace of god that I will find out enough from each of these cure all oil salesman to either put this together myself or find a mate to trade with that has the same burning desire to succeed.
You see in my previous profession I was very successful and taught myself. Once I had it licked I taught everybody and anybody "FOR FREE" who was willing to learn and I am glad to say that SEVERAL had become successful way into 6 figure range for years until OUR GOVERNMENT SCREWED up the business for their corrupt contributors who bought the politicians, OH AND BY THE WAY I WAS HELPING THE POOR NOT BE POOR ANYMORE. I therefore struggle to find a new program in life. I am a natural teacher and love to see others succeed. Being a failure right now is killing me all around!
Little background on my process so far! I bought/educated myself into two separate programs over well over a year ago and blew out my deeply funded accounts of following the PLANS. When I say following the plan I mean that, because even my wife thinks I have become a hermit in my office studying and educating myself at ALL hours and market replay only makes that worse. Any moment I have that is not tied up in commitments is spent trying to figure out what I have not gathered yet.
The problem now is when I approached the next 2 programs I have become live trading shy. I really felt like I had that conquered coming into the year only to see the market go dead and hurt all my confidence since I have focused on trend trading and NO FOLLOW thru in the ES has been all but painful when having what use to be recognizable profit targets not get reached in the timid market then reverse and fade to no profit.
I could go on and on but will tell you this, I had made this commitment over a year ago, "If I can become consistent in profits in trading I will reward society by teaching one individual every quarter as my payback for being so blessed" Thank you Mike for letting me come in this group as part of my information/education process and let it be known that I contribute little now because I have no expertise to provide and am annoyed by those who contribute with none themselves. This business has much more deceit in it than I thought and the last thing people who are honest and dedicated need is contribution from those who actually have nothing good to contribute and worse lies!
"We hang the petty thieves and appoint the great ones to public office."
- Aesop

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  #2591 (permalink)
pacodeveux
Omaha, NE
 
 
Posts: 1 since Jan 2012
Thanks: 0 given, 0 received

Hi,

I'd say I have 5 to 6 years of trading experience. Though my education was in computers, I thrive on systems of numbers, trends, and analysis. I like many others have lost money in the markets and now know that trading is a science of technique, research, and testing.

Since, I've devoted myself to spread trading, and practicing my risk management in my trades to either lock in solid gains, or minimize losses (taking risk off the table). Naturally, I prefer options, futues and equities for my spreads, but I also strongly believe in a balanced portfolio that does rely on almost every other product out there: ETF's, MFs, Bonds, Cash products, ect.

My intent to join this forum is to ask those tough questions on strategies, usually to grasp a second opinion. I will never ask of any specific advice as that leads to a sour experience. In the end, we all need to make our own choices, but to share strategies might give new thought to the everlasting Journey.

Good Luck All,

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  #2592 (permalink)
stratdom
Allentown, United States
 
 
Posts: 1 since Feb 2012
Thanks: 0 given, 0 received

Looking foward to the comaradery of like minds!!! ďI must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.Ē
Let us all move forward together!!

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  #2593 (permalink)
 josiee 
Chelmsford,MA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: es,gold,eur/usd
 
Posts: 3 since Aug 2010
Thanks: 29 given, 0 received

[ I woul like to thank every one in the forum

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  #2594 (permalink)
 aljayjr 
san diego california
 
Experience: Beginner
Platform: TS
Trading: stock options
 
Posts: 3 since Feb 2012
Thanks: 4 given, 4 received

My name is AL and I have be rading on and off for the past seven years with mixed success. I like to trade stock and futures options. I am weak with recognizing price action/ technical analysis. My goal is to gain enough knowledge to recognize where price action is going and then capitalize with options.

Best
Al

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  #2595 (permalink)
 lexbac 
Hamburg, Germany
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES,Dax, 6E, Cl
 
lexbac's Avatar
 
Posts: 47 since Jan 2012
Thanks: 220 given, 101 received

Hi everybody !

I am Alex from Hamburg, Germany and I am new here. I want to introduce myself:
I am trading since 2000 and to be honest was not really successful. I tried a lot of different approaches, from the very simple Ma crosses in the beginning to more complex stuff like Elliot waves and all the sexy indicator stuff out there. Automated trading with tradestation as well.
I interrupted trading 3 times during this12 years. This is my restart number 4, I just miss it.
When I found this forum I was really amazed about the quality and wondered myself why I haven`t found it earlier. Then I realized, that the forum is quite young, so of course I couldn`t find it a few years ago as it was not existing at this time.
Now I`m very happy coming back into trading and this time I will be more slowly !!!

What I can recommend to all the real beginners is don`t rush into trading. Start with a demo. Be honest to yourself and treat the demo as it was real money (no experimental or bored trades). It seems to be very unsexy but this is I think the biggest value I can give from my side. Emotion comes into place and also in my case IMPATIENCE.

Too many markets, too many setups, too much information, too much surfing the internet during trading, these are all factors wich destroyed my chances to be really successful.

I will browse this forum very diligently as I could see from the beginning that here is a total different philosophy than in forums I knew so far.

Thanks to BigMike, who initiated such a great vehicle !!!

Good trades !!!

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  #2596 (permalink)
funnyfarm
Ancona/Italy
 
 
Posts: 1 since Feb 2012
Thanks: 0 given, 0 received

Glad to join!
Head of a Professional Proprietary Trading Group
Trading EUREX Futures with Value based strategies

Good trades everybody

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  #2597 (permalink)
Irukandji
London, UK
 
 
Posts: 2 since Feb 2012
Thanks: 0 given, 0 received

Howdy - I am a student of options trading at the moment - I began learning about the markets through Forex, then found out about the Penny Stock world and from there have moved into options trading on large cap stocks, which is where I plan to stay until I have a good mastery of it.

I am finally getting to grips with options trading and have made several successful trades but an equal number of silly mistake trades so am still coming out about even! (slightly pointing downwards ; )

I know what the major reasons are for these losses so the next step is to begin consistently honouring my rules.

I found this site through searching for an image in Google which led me to a Vimeo video which led me here!

I am also about to read Al Brooks' book "Reading Price Charts" and noticed he did a video on Youtube with Big Mike so obviously I am meant to have found this place!

Thanks, see you all soon.

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  #2598 (permalink)
 GreyP 
Johanneburg, South Africa
 
Experience: Intermediate
Platform: TradeStation, Ninja
Broker: TradeStation; Ninja/Zen-Fire
Trading: ES
 
Posts: 3 since Dec 2011
Thanks: 3 given, 1 received

Hi Everyone
I have just joined and please to part of a forum of like minded peopele. Trading can be a lonely business and it is great to join a community. I have been trading futures for two years (ES and Eurex (FESX) ). It has been a steep learning curve and you soon discover that there is no "Holy Grail". I have been with various educators and in the end you realize that there is no right or wrong way in trading. You have to develop your own style that you are comfortable with and keep it simple. Ongoing education is so important in this dynamic business. You never stop learning. More importantly, managing oneself is the biggest challenge.

Safe trading!

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  #2599 (permalink)
 Hotch 
Ingatestone
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received

Hi all,

Been trading for a while, have decided to try and get to grips with the ES, and Ninjatrader. Stumbled across this forum while doing some research on them. My word what a find!

I'm a mechanical trader, and I'm mainly looking to produce some scalping systems to compliment the swing and daily systems I have on other markets.

Hopefully I'll be able to contribute something of worth.

Hotch

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  #2600 (permalink)
 wayne6064 
AUSTRALIA
 
Experience: Beginner
Platform: ninjatrader
Broker: IB
Trading: ES
 
Posts: 5 since May 2010
Thanks: 0 given, 0 received

Just a quick hello from down under and congratulations to BIG MIKE for running what I think is the best forum on the internet for traders, keep up the good work. Regards Wayne

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