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I'm the owner/partner of a prop trading firm in Delaware. In a nutshell, I'm a swing trader but would love to some day be good at day trading and scalping. I use TradeStation for trading and strategy development.
My story is like most other stories in this site. I was introduced to futures trading back in 2006. It was love at first sight! But, like most people, I've blown accounts and experienced success and failures along the way. The funny thing though, is that even after many, many failures, I've always found myself unable to quit. The beautiful thing about the markets is that you never stop learning, it's like a puzzle that never gets solved.
After many hard lessons learned (and many more to come I'm sure), I've realized long ago that I had found my passion. I've realized that even though the markets don't love me back most of the time, I'm still here threading along, loving the journey and the thrill of the game.
Thank you for registering me.
I have traded since 2014, first Forex, then stocks and futures trough the Moscow exchange (I live in Russia). I have my own website which is mainly devoted to testing and research of the ACD method developed by Mark Fisher. Probably you know who is this. Apart from that, I designed some programs based on my own ideas. For example, two market depth indicators and trade volume indicator. They are described in detail on pages acds.info/ind_depth.html and acds.info/ind_depth.html of my website.
You write sharing at this forum is encouraged and I hope you excuse me for referring to my website. Probably I will not gain a lot from such advertising, but participants of this forum could make use of my ideas.
I'm new to the forum and to trading in general. I’ve been trading for a little bit more than a year. No experience whatsoever before that. I’m mostly trading futures (indices). Currently I’m using IB, being in Canada, we have limited options.
I was looking for another charting platform for IB, I was wondering if any of you have any experience with eSignal? At some point I would like to automate some strategies too.
I'm looking forward to becoming a successful trader and share my experiences with you all.
I am a new member as of today and I have been scouring the net for some instructions on how to build a basic futures pairs algorithm that will trade a pair of index futures I have been testing manually.
The code for a really basic prebuilt one would be ideal for my situation.
I can code, but I haven't chosen a platform yet. I see that a lot of sites offer trading algorithm subscriptions, but you can't really see how they work or take their code and tinker with it.
FYI, I am thinking of going with GAIN Capital, as not all brokers offer accounts to Canadians.
Anyone who can point me in the right direction would be brilliant. Thanks!
Hi! I am Tony. Though I have seen some of the world, and lived on the east coast for a few years, I was born and grew up in the heartland of Oklahoma, and find myself back here at the middle of my life (recently turned 50). I consider myself - and I have discovered that this is NOT unique in the world of independent full-time traders - a reformed engineer. To be more specific: an aeronautical. engineer with a Master's Degree from George Washington University - and 20 long years of experience... before the fateful time when I decided for a few legitimitate reasons to go on Sabbatical. Up to that point, I had been maxing out my 401K contributions (for 20 years), and every company I worked for: Boeing Space & Defense, Spirit Aerosystems, and American Airlines - all offered matching programs that I took full advantage of. Maybe once or twice a year I would spend 1-2 hours looking at my investment allocations, and the (primarily mutual fund) choices that I had, but ironically - despite the fact that I actually USED calculus in my job everyday - numbers did not fascinate me when they had to do with anything financial. I made enough money to support my family, my retirement account seemed to be growing - and that was good enough for me. For some reason, "business"' and the basic concepts of how to fundamentally analyze a company (including any and all related topics on investing) simply did not interest me. So I was quite ignorant of them on that fateful Spring day when I took temporary leave from my Lifetime Career. Long story short... having a lot of free time (for the first time), and "deep down" knowing that I had been neglectful of my retirements accounts (now in the six figures, despite my ignorance) - I resolved to bite the bullet, and obtain a more solid understanding of all the basic investing topics. I literally started with just learning about the stock market itself - took a brief detour down a rabbit hole trying to understand "what IS money?" and "where does it come from?"... That proved to be fascinating (and more than a little disturbing!) - so I veered myself back to INVESTING. And when I started to study portfolio allocation, factors, and technical analysis, etc... I suddenly realized one day that this was actually some fascinating stuff! And after gaining much more confidence in my ability to lightly manage my own portfolio - I may have stopped there. But by that time, due to my research I was getting every type of financial spam email - and one way or another I stumbled onto active trading. I was briefly intrigued by the "magical freedom" that supposedly could be had in day trading... and by then I had opened a little cash brokerage account to play. around, but ultimately realized that if I was going to stare at a computer alll day long - it was a lot more logical to just continue doing it in an industry where I had actually obtained the type of "expert status" that only comes from 20 years of practice... So I had pretty much decided that when I returned to engineering I would take a lot better care of my portfolio - and augment it by using some of my new abilities to actively (but boringly) swing trade stocks. And THEN, I stumbled across... OPTIONS. I could immediately grasp the potentially massive leverage, but what got my FULL ATTENTION of course was that "no one knew how to price them until these two gentlemen, Black & Scholes - had devised a model". Imagine my surprise to find out it was just a "simple" second-order partial differential equation. Further, three-dimensional volatility surfaces were very similar to methods I had used in grad school for conceptual wing design. Anytime you had several variables to optimize - for example, the various geometric properties of a wing size and shape... well for my thesis I devised a way for a wing designer to assign a range of values to any two of the variables and my computer program (that would only run on the old dual-proeceessor Sun workstations... I'm dating myself!) - would provide as output a "response surface", which was NOT flat, and which (in this case) represented resulting wing weights - for that combination of variables. Very, very similar to taking, say, strike prices and expiration dates, and then plotting a surface that represented the value of each possible credit spread. By this time I literally became obsessed with trading... and it was not greed. I was a professional "problem solver", and yet this particular game was one where I just could NOT CONSISTENTLY find the answer. I blew up accounts... large accounts... which of course was sickening, and yet I didn't get discouraged. I knew there WAS a way to consistently profit, but like so many novices I thought that it was a matter of strategy. I quested for "the grail" for a long time... and slowly learned through failures (as my strategies seemed to just naturally veer towards MUCH MORE SIMPLE - especially as compared to the elaborate algorithms that I had originally been programming in Excel). Finally, after a lot of blood, sweat, tears... and cold, hard, cash - I realized that: 1) this was NOT just a math problem, it was very much a psychological game, and 2) there IS a Holy Grail but it's not a particular strategy. Yes, there was a need to use the right type of strategy for the volatility regime... but the TRUE Holy Grail was proper Risk & Money Management. It's hard to believe, but it's been over five years since I left engineering, and life is good!
Hello
Name is David. Started trading online brokerage in December, my younger brother is getting his BA in finance from Kstate in May and got me into it. Started off with fundamentals, spent many hours pouring over articles, numbers, projections, earnings, etc. and then came FCEL. FuelCell Energy is a somewhat small renewable energy company that I followed since I had gotten in the market, They had had trouble over the past year, including 1:12 rsplit in May 19', but had more recently secured new financing for the development of 2 new California facilities(one of which will supply the largest market for fuel cell operated vehicles in Los Angeles), they have a microgrid that operates a Navy shipyard in the top brass' attempt to distance themselves from middle eastern oil, their eps and was rising they were beating rev. and maintained a backlog with a bright future, so why not? I slowly added to my position through January leading up to earnings day on the 22nd, at which point I was making considerable returns, in at 1.80 up to 2.99 the night before earnings. Their prior earnings report for q3 19 they beat eps by 0.97 which you don't see very often, after losing nearly a dollar the day of earnings I was left wondering what the hell I missed cuz they had missed eps by one cent but still up from the previous quarter and they beat rev. by 2 or 3 mil....that's when I started realizing fundamental analysis is fundamentally flawed. So Ive dabbled in options since, and lost a great deal of an expensive premium for a couple of in the money call contracts on gold since it held well through the first market slide last week. I wake up to a second huge market slide the morning after I opened my contract, said to myself Ill never try timing the market again cuz you just cant account investor psychology but you sure as shit can code a strategy to beat em from any direction. and Ive been learning Tradestation, coding and algo trading ever since(not long) and I will not look back. Sry if I bored you with the story and if you even made it this far. Nice to meet you all. Looking forward to meeting like-minded individuals.
