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  #2491 (permalink)
 
Greatwest1's Avatar
 Greatwest1 
Nelson, B.C. , Canada
 
Experience: Intermediate
Platform: Ninja
Broker: IB.ca
Trading: Tf, 6E-soon, ES,CL
Posts: 53 since Dec 2011
Thanks Given: 94
Thanks Received: 43


BostonBruin View Post
Hi,
I was looking for some information on NinjaTrader and have always been "googled" to your Forum. I get some interesting hints and thoughts and joined.
I am trading now for more than 20 years - was able to buy my first car from my profits and was also "lucky" to get my first loan to cover my big losses on short options. In these days it was more than lottery than trading.
What was missing was a strict money management and a trading plan.

I am working on my trading plan now for more than 2 years and it improves. Money/Risk Management is still not as good as I want it to be. But also discipline is improving and I am trying to keep emotions aside and use technology to keep cool.

I like day trading the NQ and swing trading on strong earnings stocks.

I am looking forward to getting new and different views on the topic and also support on the programming side.

Heads up and emotions down!
cu

***
Welcome BB,
Financial management may improve for you if you look into 'Position Sizing' as lectured by
Van Tharp . He has been on the trading speaking circuit for many years now. I've attended and
feel right- to suggest you look into what he preaches- it may be what you're looking for.
Cheers, G.
Chat later....

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  #2492 (permalink)
 
Greatwest1's Avatar
 Greatwest1 
Nelson, B.C. , Canada
 
Experience: Intermediate
Platform: Ninja
Broker: IB.ca
Trading: Tf, 6E-soon, ES,CL
Posts: 53 since Dec 2011
Thanks Given: 94
Thanks Received: 43


tpbyyc View Post
A google search on a specific trading tool (Steidlmayer’s ‘volume strips’) led immediately to finding a post by Tigertrader on a Big Mike’s Forum which gave me exactly the information I had been seeking. The rest, they say, is history because that posting led me to look around the site and I liked what I saw: lots of recent activity, some great nuggets of interesting & timely information, and there appears to be a respectful & helpful tone to many of the conversations and in the leadership of ‘Big Mike’.

Of all of the forums I have visited, futures.io (formerly BMT)F had an immediate appeal and I will now call this home. As ‘Grapes” might say (if he were a trader): “way to go, big mike!” (grapes = don cherry = canadian thing).

For myself: a measure of visibility is essential to foster a greater sense of accountability; accountability is a big part of my “game plan”; I see being a participant here as helping in this regard. I’ll contribute what I can, which may that not much in the beginning and in the meantime learn from the rest of you.

Although, I have set up and funded my account, chosen my systems, developed my trading plan and am about to begin trading (again) next week, I will be sitting in on Big Mike’s webinar tomorrow … wouldn’t have been the first time I overlooked something.

You can find more about me on my updated profile, but in a nutshell: I want, one day, to make my “living” as an independent, self directed trader. Phase 1-b is the apprenticeship which starts now! (phase 1a was all of the research, planning, testing & admin-a-trivia that has gone into getting a funded futures account opened and a game plan set).

My best wishes for success to the rest of the futures.io (formerly BMT)F community.

***
Welcome, oh great Don C. fan. There's lots of talent here, as in many other rooms.
But this one is different- many useful contributions here. This is a big sign that many
experienced traders know that it's not the system , but how a trader handles it. So
there's very interesting ideas here. I'm working on the discipline aspect, management
just to let you know; and I like the futures: ES, YM, TF, etc.
Chat later,
Let's hope Don stays buying jackets and not trading ~~!!!
***

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  #2493 (permalink)
pnftrader
Denver, Colorado
 
Posts: 2 since Jan 2012
Thanks Given: 0
Thanks Received: 0


Hi Mike,

I am brand new to trading although I have read many of the recommended books on the subject. Haven't traded a nickel yet, but looking forward to setting up an account and starting out in the next week or so. I watched the Webinar the other day on Instruments and Brokers and look forward to the others that you plan to show for beginners.

I am recently retired so I hope to be able to devote a lot of time to learning how to trade.

Looks like a great forum,

pnftrader

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  #2494 (permalink)
 chardyiv 
Jacksonville, FL
 
Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Trading: ES, eur/usd
Posts: 10 since Nov 2011
Thanks Given: 19
Thanks Received: 8

First post, so here goes.

I retired at end of 2011 and desire to get into trading full-time. I have the time now. Don't yet know what all that means; still trying to figure out what direction to take.

In years past I have position traded commodities, mostly pork bellies, and traded stock options. Just closed out my account at ThinkorSwim and will be setting up a new account somewhere else, probably Optimus Futures, based on the reviews I've read here at futures.io (formerly BMT).

Not sure what I'm going to do just yet; probably focus on day trading the ES initially, but not scalping; and I'm in the process of learning to use NinjaTrader.

I also began taking a course in supply and demand trading this month and hope to base my trading on that approach. I like it because you can apply it to any market and timeframe. Lot to learn.

Looking forward to participating here as I get grounded and get up to speed.

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  #2495 (permalink)
traitor786
montreal
 
Posts: 75 since Jan 2012
Thanks Given: 0
Thanks Received: 8


tpbyyc View Post
A google search on a specific trading tool (Steidlmayer’s ‘volume strips’) led immediately to finding a post by Tigertrader on a Big Mike’s Forum which gave me exactly the information I had been seeking. The rest, they say, is history because that posting led me to look around the site and I liked what I saw: lots of recent activity, some great nuggets of interesting & timely information, and there appears to be a respectful & helpful tone to many of the conversations and in the leadership of ‘Big Mike’.

Of all of the forums I have visited, futures.io (formerly BMT)F had an immediate appeal and I will now call this home. As ‘Grapes” might say (if he were a trader): “way to go, big mike!” (grapes = don cherry = canadian thing).

For myself: a measure of visibility is essential to foster a greater sense of accountability; accountability is a big part of my “game plan”; I see being a participant here as helping in this regard. I’ll contribute what I can, which may that not much in the beginning and in the meantime learn from the rest of you.

Although, I have set up and funded my account, chosen my systems, developed my trading plan and am about to begin trading (again) next week, I will be sitting in on Big Mike’s webinar tomorrow … wouldn’t have been the first time I overlooked something.

You can find more about me on my updated profile, but in a nutshell: I want, one day, to make my “living” as an independent, self directed trader. Phase 1-b is the apprenticeship which starts now! (phase 1a was all of the research, planning, testing & admin-a-trivia that has gone into getting a funded futures account opened and a game plan set).

My best wishes for success to the rest of the futures.io (formerly BMT)F community.

Apprenticeship ?

Are you referring to paying some one for the secret or guidance for that matter?

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  #2496 (permalink)
 tpbyyc 
Calgary, AB
 
Experience: Intermediate
Platform: CTS/T4 (realtime); RT Investor (DTN-MA); POP.calculator (my own prop front end)
Broker: DDT (Crosslands) / Cunnigham - CTS T4
Trading: E6
Posts: 28 since Jan 2012
Thanks Given: 22
Thanks Received: 21


traitor786 View Post
Apprenticeship ?

Are you referring to paying some one for the secret or guidance for that matter?

Neither, my apprenticeship is in the doing: trade my account in real time / real dollars (as best I can using the knowledge I have gained to date); monitor my performance, continue to learn from a variety of sources and incorporate what makes sense to me to improve my trading methodology.

My "apprenticeship" is not about making bucket-fulls of money (that will come later). If I am still "alive" (in the monetary sense) by the end this year and can point to 2 accomplishments:
(1) a consistently profitable pattern in my trading (even, if, the profits are only counted in 'loonies' & 'toonies');
and (2) I am still gainfully employed in my day job & my wife hasn't left me & my dog hasn't died;
... then I will consider my apprenticeship complete, give myself a gold star and move to the next phase (which remains undefined at this stage).

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  #2497 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,538

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  #2498 (permalink)
 drgnfly8 
Dallas, Texas, United States
 
Experience: Intermediate
Platform: TradeStation
Trading: Forex
Posts: 2 since Dec 2011
Thanks Given: 1
Thanks Received: 1

Hi fellow traders....

I am 48 years old, from Dallas, Texas and have been trading on and off for about 25 years, but results are nothing to brag about yet.

I am working towards making a career change to trading full-time over the next 2-3 years or so, since software developers (my current job) seem to lose marketability around 50 or so. I recognize though that I have some work to do to get there in an intelligent way. Currently focusing on Price Action Trading to simplify things and get back to basics.

My current interest is Forex and I am focusing on AUDUSD for now trading part-time at night and build up some capital prior to switching to full-time. I also have some interest in silver futures (SI).

Looking forward to participating in the forums.

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  #2499 (permalink)
 logenm 
Sydney, NSW/Australia
 
Experience: Intermediate
Platform: MT4
Trading: currency
Posts: 7 since Dec 2011
Thanks Given: 19
Thanks Received: 4

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


Big Mike View Post
Hi everyone!

Like most day traders, I blew up my account a couple times and lost enough money to make most grown men weep. After I regrouped I started trading with common sense and with control of my emotions.

Later, I decided I wanted a forum to share my ideas as well as learn from others. I created my blog on April 17th, 2009 in order to meet this goal, as well as hold myself accountable for my trades and actions. I wanted a way to be able to lookback and ensure I was following my own advice.

The blog introduced me to a lot of fellow traders, some struggling, some doing exceptionally well. Talking with them everyday has really helped my trading and given me a lot of new ideas as well. In turn, I hope that I have provided them something useful that helps in their trading.

Since the blog did very well I decided to create this forum, and it was born June 11th, 2009. The forum was designed with the specific goal of having a small community of traders focused on making money. There are other sites out there but I never really felt at home with many of them, their userbase is too focused on proving someone wrong instead of trying to help.

You can find some more information about me in my profile.

Tip

After you read this thread and reply with your own introduction, you can find more Beginner articles on how to use this forum here:
Beginners, Introductions and Tutorials - Big Mike's Trading Forum and also visit our Wiki Help section here: Help, Tutorials, and How-To's - Big Mike's Trading Forum

Also, as you are reading the thousands of posts on the forum -- don't forget to use the Thanks button (bottom right of each post) to let the author know his post is appreciated!



Good hunting!

Mike


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  #2500 (permalink)
 
rainbowchaser's Avatar
 rainbowchaser 
Fort Lauderdale, Florida. USA
 
Experience: Beginner
Platform: NT
Broker: CQG
Trading: YM,CL
Posts: 140 since Mar 2011
Thanks Given: 543
Thanks Received: 63



rbwaran View Post
I have good number of years in experience but no progress in economic condition. i decided take up forex a trading as home job after my former company has shut down. i did not find any alternative job opportunity to match my family expenditure. so i taken forex trading as my day job. i doing it for about 18 month. i dint have much desired progress. but i tried many strategies and failed to improve my account. when i anaysed my failures i found three intimidating thing which affects my progress.
i loss maximum when i have a tendency to withdraw to meet my family needs. that is when greedy to make more profit with high leverages forgetting about money management.
when hold my position without stop loss for avoiding loss and expecting market pullback. but market totally agaisnt my position. i lose my confidence and stop out my position after erasing previous gains and considreable part of investment.
i will give a considerable time gap after heavy loss and i will plan another strategy
and so on please read above paragraph.

so i found three factors which kills any traders account.
VIZ
GREEDY
FEAR
PANIC

Hi Viz, although I am not a Forex student you will find here very valuable threads about FX. Trading in sim is very important to protect your account until you are in solid grounds. I blew my account twice just after finishing a mentorship and I went back to trading 101 an re-study from the get-go. Best wishes.

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