Very new and very awed - futures io
futures io



Very new and very awed


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one indranil with 2 posts (0 thanks)
    2. looks_two Quick Summary with 1 posts (0 thanks)
    3. looks_3 kevinkdog with 1 posts (3 thanks)
    4. looks_4 mxphytlx with 1 posts (1 thanks)
    1. trending_up 1,144 views
    2. thumb_up 4 thanks given
    3. group 2 followers
    1. forum 4 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Very new and very awed

(login for full post details)
  #1 (permalink)
indranil
Kolkata, India
 
 
Posts: 2 since Dec 2012
Thanks: 2 given, 0 received

Hello everyone,

I'm Indranil, and I hail from Calcutta, in India. I am a web developer, and have been so for the last 10 years, and just signed up for a new trading account (with Sharekhan in India) earlier this month.

Earlier this year, I got interested in horse races, and started poking around online at trading that happens before these races. I found the various charts, calculations, the studies, anticipating the market etc. exhilarating! Since betting is illegal in India, I looked at the stock markets, and saw a lot of the same ideologies, charting techniques, technical analysis going into it, and decided to try my hand at it.

Before this, the maximum I'd done with my money was invested in a couple of mutual funds, some fixed deposits etc. Growing up in a middle class household in India, I was never exposed much to the stock market and traders and investors within it, always of the opinion that people needed to be super rich, super talented, or super educated to do these things, and we mere mortals were better off looking for a 9-to-5 job.

But I digress. So, I now have a new trading account, and have been looking at a few videos, reading a few articles on how to trade, look for opportunities etc. But I do feel, and know, that I'm way too much of a newbie to start being successful right away, and need help from wherever I can. Since most of my google searches led right to this forum, I figured this'd be as good a place as any to look for help, try and learn, and hopefully, someday, help others.

So, thanks Big Mike & the entire group of members who have assembled this awesome resource, and I hope I will be able to pick up a few things!

A little info about my trading so far (1 week)::
I started with INR 5000 ($100) because I'm so new to all this. So far, I've been following a few of the calls that Sharekhan gives out, and traded about 10 times on my own.
So far, I've lost INR 1000, with my current balance standing at INR 4000

Thank you
Indranil

P.S: I hate drawing attention to myself, so I've been sitting on this draft for about a day. I've always found it rather hard to start off at any forum.

Reply With Quote

Can you help answer these questions
from other members on futures io?
For the experts of Metastock
Platforms and Indicators
TradingView help in improving Anchored Vwap
Platforms and Indicators
Experience with AGN (Introducing Broker)
Brokers
Is there inherently more opportunity in smaller markets?
Traders Hideout
TD Sequential for NT or MW?
Platforms and Indicators
 
 
(login for full post details)
  #3 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,096 since Jul 2012
Thanks: 1,649 given, 6,147 received


Welcome! I hope you find success. A couple of tips, based on your post:

1. Relying on your broker for trade calls is probably not a good long term idea. If they were so good at calls, they probably would not be brokers. The same holds true for practically every "guru."

2. $100 USD is probably not enough to start even if you are trading micro forex. Small accounts have bigger risk of ruin. Chances are, if you are new, you are risking too much per trade (we've all done that). 2% risk (or $2 per trade) is a good rule of thumb maximum.

3. You mention "exhilarating." Good trading is boring. If trading gives you a rush of excitement, that is a danger sign. Again, most new people have it - just realize it is a bad thing.

Good luck!

Follow me on Twitter Reply With Quote
The following 3 users say Thank You to kevinkdog for this post:
 
(login for full post details)
  #4 (permalink)
 mxphytlx 
nacogdoches
 
Experience: Beginner
Platform: ninjatrader
Broker: amp/cqg
Trading: cl
 
mxphytlx's Avatar
 
Posts: 26 since Apr 2010
Thanks: 707 given, 9 received


indranil View Post
Hello everyone,

I'm Indranil, and I hail from Calcutta, in India. I am a web developer, and have been so for the last 10 years, and just signed up for a new trading account (with Sharekhan in India) earlier this month.

Earlier this year, I got interested in horse races, and started poking around online at trading that happens before these races. I found the various charts, calculations, the studies, anticipating the market etc. exhilarating! Since betting is illegal in India, I looked at the stock markets, and saw a lot of the same ideologies, charting techniques, technical analysis going into it, and decided to try my hand at it.

Before this, the maximum I'd done with my money was invested in a couple of mutual funds, some fixed deposits etc. Growing up in a middle class household in India, I was never exposed much to the stock market and traders and investors within it, always of the opinion that people needed to be super rich, super talented, or super educated to do these things, and we mere mortals were better off looking for a 9-to-5 job.

But I digress. So, I now have a new trading account, and have been looking at a few videos, reading a few articles on how to trade, look for opportunities etc. But I do feel, and know, that I'm way too much of a newbie to start being successful right away, and need help from wherever I can. Since most of my google searches led right to this forum, I figured this'd be as good a place as any to look for help, try and learn, and hopefully, someday, help others.

So, thanks Big Mike & the entire group of members who have assembled this awesome resource, and I hope I will be able to pick up a few things!

A little info about my trading so far (1 week)::
I started with INR 5000 ($100) because I'm so new to all this. So far, I've been following a few of the calls that Sharekhan gives out, and traded about 10 times on my own.
So far, I've lost INR 1000, with my current balance standing at INR 4000

Thank you
Indranil

P.S: I hate drawing attention to myself, so I've been sitting on this draft for about a day. I've always found it rather hard to start off at any forum.

check out jinhars a guide to trend trading in its simplest form

Reply With Quote
The following user says Thank You to mxphytlx for this post:
 
(login for full post details)
  #5 (permalink)
indranil
Kolkata, India
 
 
Posts: 2 since Dec 2012
Thanks: 2 given, 0 received

@mxphytlx : thank you, I will definitely check it out!

@Kevin : thanks! I do believe, and I've noticed it already that my enthusiasm sometimes gets the better of me, getting into trades without looking at all the risks, and it is something I'm hoping to address and work on in the new year.

Reply With Quote


futures io Trading Community Traders Hideout > Very new and very awed


Last Updated on December 29, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

Futures.io Happy Hour with Cem Karsan w/Cem Karsan

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

August
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts