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I run the bt timing board
I teach technical analysis using simplistic elliot wave, some market profile, BB bands, wyckoff fundamentals
I use the thinkorswim platform and listen to shadowtrader
I am recovering from surgery and other health issues. Hope i can add some input and receive some too
Einstein
things should be made as simple as possible but not simpler.
I am Hanzel I am very green in the trading arena and I am reading a few books while practicing on a sim from multicharts I can see I have a long way but it looks like i have come to right place to meet people with a passion for trading. Im stoked to finally learn as much as I can.
I'm a trader from the UK, currently living in London. After lurking somewhat for the past few months I decided to finally create an account. Not only that, but I decided to dive right in and get the Elite membership as recommend by many on here. This was after I realised that I kept on coming back to this forum due to its high quality content.
My trading story isn't as exciting compared to others. I've only really faced one small account blow up before I realised I had no clue to what I was doing when I first started a few years ago. Solid risk management since then kept me from taking huge losses as I was learning to trade and slowly worked my way into a tiny swing trading edge.
Following that, I had a nice love affair trading the Bund intraday earlier in the year but I was only really treading water. Seems funny now, but at the time it never occurred to me how hard it was to trade with 1 contract!
After a mid year hiatus, I finally re-organised my time to give trading my full time attention everyday. I've finished a trading program at a prop firm in London that gave me a much better understanding of fundamentals and how to make it relevant for intraday trading.
Currently, I'm just trying to keep my trading as simple as possible and build an edge from the ground up. I look at and trade Currency futures (EUR,GBP, AUD, CAD and JPY), Bonds (10 yr T-Note, Bund), Gold and Oil, and the usual German and US equities.
These give me a nice overview of sentiment (Risk on/Risk off) or general USD strength or weakness. It allows me to see the correlations playing out (or lack of) during the day.
I mainly trade breakouts at obvious levels of accumulation, or at the edge or ranges. Secondly, I also play the range and fade moves towards the top or bottom of the range. Sentiment/correlations allow me to filter which trades are more likely to work or not. (IE: Yen is more likely to break a range after repeated tests of a support, in the midst of USD strength with Gold and T-Notes moving aggressively lower). Fundamentals and News also help to create context.
Having said all this I'm still not consistently profitable and just swinging around break even. The main issues are dealing with adverse selection. Usually the good moves that break and go never come back for retests to fill me. When they do its been long enough that sentiment has probably changed and the level I'm trying to trade again will most likely end up failing.
I think that issue was also created out of sticking too much to my swing trading approach while trading intraday. (Ie using only limit orders to enter the market at the exact level, or very close to.) I've improved on this at just getting in at market if it's blindingly obvious that the market will break (with correlations confirming). The issue now is that I'm either too aggressive to get in at market when the market is not suited for it (low volatility) or too conservative when I should put my foot the on the gas, (in hindsight).
It seems that I've turned this short intro into a huge wall of text ! No worries if no one has bothered to read it .
Anyway,
I hope I'll be able to scrape together a much better edge after reading the goldmine of trading journals here and other posts.
Brand new to this. Read Andrew Aziz's book about how to become a day trader and thought the profession might be a good fit for me. He trades equities and for the last 3 months I have been sim trading the same. I want to go live in 2018 and am wondering if trading stocks at this stage is what is best. Futures?
I've been trading for 10 years. Fortunately profitable every year but first. Started and still with ThinkOrSwim (TOS), now TDAmeritrade. Tried couple other platforms that were not as good as TOS, so dropped.
Oh, and along the way, paid the price many (most) traders make which is to give back a huge portion of my profit in losses (always much quicker than the profit). Did this a few too many times.
My ongoing learning path started with trading stocks, moved on to stock options, then index options, then discovered futures. Last few years have been predominately trading futures options. This year started Day Trading futures. Currently looking for a dedicated futures broker / platform.
Found futures.io to help in my learning. Every little (or big) bit helps. Thanks for the "trading club" and allowing me to become a member.
Hi, I'm Joseph,
I've started trading half a year ago. Basically, I'm a beginner with a very eager autodidactic personality.
I'm currently using the Think or Swim trading platform(I've tried E*trade, IB, and Tradestation).
I'm a Full-time student at a university with a huge interest in the markets, specifically the more complicated securities such as options & futures.
I've already blown up my account once because of my lack of patience (I learned to think more long-term and keep my emotions out of every trade). Even though it happened, I'm resilient to the fact, and still, want to trade because I know there's money to be made in the market. I'm looking forward to actively participating in this forum, as I believe most of ya'll's knowledge on futures far exceeds mine.
Please feed my inbox with your knowledge of Technical analysis, price action, and anything that you think a beginner Futures trader might want to know!
best,
Hi everyone. My name is Boo. I am a Mechanical Engineer who has worked in the Oil & Gas industry for 23 years. I've traded Natural Gas futures for our company for the last 10 years. Since leaving the nag gas industry, I've worked as a NASA engineer (but didn't like the cubical), worked as a program manager for drones at a local Engineering firm.
But I decided to be in charge of my own destiny... That's why in September 2017 I decided to start day trading for a living. Yes, it's a big risk but I believe I can do it. Not prideful, but I have hope.
I see a lot of people on the net selling their method or indicator, etc... I like to study them and see if I can pick up on their method/thinking. Been very difficult so far... I used to trade Nat Gas futures but had help from a professional trader to get an indication of market movement. Now I'm on my own and moved to intra-day trading.
I look forward to this forum and all the knowledge here. I hope to garner just a portion of the wisdom here and give back with what I have learned.
Thanks to everyone for being here, and thanks to Big Mike for making this possible.
Awesome to be here. Follow Mike and the blog for a long time and finally had to come on and thanks him. I been a community member for 585 days just reading and having fun. I am full time Day equity trader... I love what i do and wish to get some insight from others
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