Do you have more trading experience than average on BMT? - futures io
futures io



Do you have more trading experience than average on BMT?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Itchymoku with 2 posts (3 thanks)
    2. looks_two Big Mike with 2 posts (1 thanks)
    3. looks_3 Devil Man with 1 posts (2 thanks)
    4. looks_4 Jigsaw Trading with 1 posts (0 thanks)
      Best Posters
    1. looks_one treydog999 with 8 thanks per post
    2. looks_two kickmic with 5 thanks per post
    3. looks_3 liquidcci with 5 thanks per post
    4. looks_4 GFIs1 with 3 thanks per post
    1. trending_up 8,721 views
    2. thumb_up 43 thanks given
    3. group 15 followers
    1. forum 23 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
 

Do you have more trading experience than average on BMT?

(login for full post details)
  #1 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,077 since Jun 2009
Thanks: 32,543 given, 98,517 received

If you consider the fellow members on futures.io (formerly BMT), would you say you have more, less, or the same experience as the average futures.io (formerly BMT) member?

Compared with the rest of BMT members, you have...

Total votes: 471
 


Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
AutoTrendHforRad indicator in a strategy "direction …
NinjaTrader
Is there a way to rename an existing trade?
MultiCharts
Need help with strategy PriceActionSwingPro
NinjaTrader
Needing harmonic patterns indicator
TradeStation
Denali Data?
Sierra Chart
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
77 thanks
Spoo-nalysis ES e-mini futures S&P 500
68 thanks
I finally blew up an account
55 thanks
FIO Journal Challenge - April 2021 w/Jigsaw Trading
38 thanks
The tiyfTradePlanFactory indicator
21 thanks
 
(login for full post details)
  #3 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,077 since Jun 2009
Thanks: 32,543 given, 98,517 received


After voting, please post a reply telling us why you answered the way you did (why you believe your reason).

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #4 (permalink)
 ZarethKnyght 
Toronto, Canada
 
Experience: Beginner
Platform: Questrade
Broker: Questrade
Trading: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

I'm still severely lacking in knowledge in trading. I can't even say that I've made a profit in terms of cash but I think I've gained in terms of knowledge so far. I also know that I have a lot of work to do in the psychological department.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to ZarethKnyght for this post:
 
(login for full post details)
  #5 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,172 since Sep 2013
Thanks: 10,456 given, 12,608 received

On futures.io (formerly BMT) I figure I am doing pretty good for myself. But I also understand that I am not the smartest person in the game. I am working to try not to compare myself or trading to someone else.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to tturner86 for this post:
 
(login for full post details)
  #6 (permalink)
 bourgeois pig 
asheville north carolina USA
 
Experience: Beginner
Platform: ATC trader (OEC white label)
Broker: ATC
Trading: futures
 
bourgeois pig's Avatar
 
Posts: 312 since Sep 2014
Thanks: 765 given, 272 received

When I read threads such as Spoonalysis and NQnalysis and more, It is obvious that there are traders here that know the game and have many years of experience. Plus I have noticed a lot of code writers and algo programmers here. And throw in the vendors Like F71 and D toast Matt and Kev who are kind enough to take the time to answer questions it is just obvious that I am a spring chicken. The way I discovered trading is kind of crazy but I'll save that story for anther time and thread as I tend to ramble and don't want to take too much space. I am still just learning how to mange my emotions and my trades. I feel like I have a good plan but I never seem to follow it. The journey has been rewarding though, as I really get a sense of fulfillment from researching markets and trading the little bit that I have. This forum, makes me feel like I am not alone ,and definatly offers me personl insights that I could not get in a book.

"Napoleans severest comment on his beaten enemies - that they "saw to many things at once""- Hart
Reply With Quote
The following 3 users say Thank You to bourgeois pig for this post:
 
(login for full post details)
  #7 (permalink)
 Devil Man 
Legendary Capt. Johnny Jameson
Fort Lauderdale
 
Experience: None
Platform: Optimus Flow, NT8. TS
Broker: CQG, Rithmic
Trading: ES
 
Devil Man's Avatar
 
Posts: 811 since Oct 2009
Thanks: 3,055 given, 1,427 received

skin in the game...

Reply With Quote
The following 2 users say Thank You to Devil Man for this post:
 
(login for full post details)
  #8 (permalink)
 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
 
treydog999's Avatar
 
Posts: 896 since Jul 2012
Thanks: 291 given, 1,028 received

Right now there are more people who say more than average in the poll than average or below. I did also say more than average but I mostly go into the algorithmic and R/Python/Matlab areas where there is much less activity. But I could also be suffering from the common over estimation of ones abilities. Which most people do, I believe there is a TED on it or something.

Now why do I believe that I have more than average? Well I have pretty much tried both sides of the coin discretionary trading, algorithmic trading and a hybrid of the two. I guess thats three sides of a coin.
All with my own real capital behind it, no sim trading BS. I have done some extensive public journaling in the past. Customized and built my own backtester, monte carlo simulator, and pricing models using R and Python. Also for personal edificiation have taken financial engineering, data science, and risk management courses at the post graduate level for fun.

Sounds like I am being pretty cocky, but I think the real reason is this. I found my path. I know that algorithmic trading, and quantitative based research are the tools I am comfortable with to discover my edges. I am comfortable creating and using my toolset customized for my own needs. I am not searching out anyone elses answers any more. I know what works and what doesnt specifically for what I want to do. My development process is concrete and my research is done in a scientific method that is repeatable by anyone. Not that I am specifically sharing that information, but it is recorded as any other scientific paper is identifying the specific data and methods used to come up with the results as if they were going to be published on SSRN.

Reply With Quote
The following 8 users say Thank You to treydog999 for this post:
 
(login for full post details)
  #9 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,003 since Jul 2012
Thanks: 1,598 given, 5,965 received


treydog999 View Post
Right now there are more people who say more than average in the poll than average or below. I did also say more than average but I mostly go into the algorithmic and R/Python/Matlab areas where there is much less activity. But I could also be suffering from the common over estimation of ones abilities. Which most people do, I believe there is a TED on it or something.

Now why do I believe that I have more than average? Well I have pretty much tried both sides of the coin discretionary trading, algorithmic trading and a hybrid of the two. I guess thats three sides of a coin.
All with my own real capital behind it, no sim trading BS. I have done some extensive public journaling in the past. Customized and built my own backtester, monte carlo simulator, and pricing models using R and Python. Also for personal edificiation have taken financial engineering, data science, and risk management courses at the post graduate level for fun.

Sounds like I am being pretty cocky, but I think the real reason is this. I found my path. I know that algorithmic trading, and quantitative based research are the tools I am comfortable with to discover my edges. I am comfortable creating and using my toolset customized for my own needs. I am not searching out anyone elses answers any more. I know what works and what doesnt specifically for what I want to do. My development process is concrete and my research is done in a scientific method that is repeatable by anyone. Not that I am specifically sharing that information, but it is recorded as any other scientific paper is identifying the specific data and methods used to come up with the results as if they were going to be published on SSRN.


Kdog says "Awesome, treydog! Way to go!!!"

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to kevinkdog for this post:
 
(login for full post details)
  #10 (permalink)
 Massive l 
Legendary Market Wizard
Portland, OR
 
Experience: None
 
Massive l's Avatar
 
Posts: 2,012 since Mar 2011
Thanks: 1,699 given, 4,193 received


I would say about average - 6 years.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Massive l for this post:
 
(login for full post details)
  #11 (permalink)
 kickmic 
Melbourne, Victoria, Australia
 
Experience: Advanced
Platform: NinjaTrader + Gomicators
Broker: InteractiveBrokers, CQG
Trading: 6A
 
kickmic's Avatar
 
Posts: 281 since May 2011
Thanks: 51 given, 343 received

Since becoming an elite member which is realistically when I started using the site, I am seeing fewer new posts by professional traders verses traders who are learning to trade. Trading is my livelihood hence why I selected "above average".

I'm glad you asked for the explanation Mike because I've been meaning to ask if these observations are accurate as it may just be I'm not effectively searching the site.

I'm trying to discover who the very experienced traders are (eg Tiger Trader, Josh, Fat tails) and would love to see a "follow a member" feature.

Follow me on Twitter Reply With Quote
The following 5 users say Thank You to kickmic for this post:
 
(login for full post details)
  #12 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,667 received

One thing is for sure, if you sound like you're trying to get spoonfed you'll likely get a dose of experience dropped on ya

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
The following user says Thank You to Itchymoku for this post:
 
(login for full post details)
  #13 (permalink)
 artemiso 
New York, NY
 
Experience: Beginner
Platform: Vanguard 401k
Broker: Yahoo Finance
Trading: Mutual funds
 
Posts: 1,129 since Jul 2012
Thanks: 765 given, 2,545 received


Big Mike View Post
After voting, please post a reply telling us why you answered the way you did (why you believe your reason).

Mike

I voted "Less experience than average".

My short reason is that this is probably the correct answer.

My longer explanation is that we can prove this: whether each forum participant is more or less experienced than me is an outcome drawn iid from some distribution f supported on the discrete interval [0,1]. The average of all possible distributions supported on [0,1] is the uniform distribution so I'm equally likely to have less experience than average as I am to have more experience than average.

There's an opposing school of thought which is to minimize -H(f), where H denotes the entropy function and which is a continuous function of n-tuples, (a1,a2,...,an) inside a compact subset of R^n. From the weighted AM-GM inequality, exp(H) = prod{i=1 to n}{(1/ai)^ai} <= summ{i=1 to n}{ai*1/ai} = n, then -H(f) is minimized if and only if equality holds, in other words, when the 1/ai are all equal, so -H(f) is minimized at (1/n,...,1/n).

The most awesome thing is that both approaches arrive at the uniform distribution (wow!) and the same conclusion. It's a good brainteaser because you can solve it with a high school statistics background.

Reply With Quote
The following 2 users say Thank You to artemiso for this post:
 
(login for full post details)
  #14 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
Platform: corded black telephone
Trading: ticker tape
 
Posts: 2,893 since Apr 2012
Thanks: 1,683 given, 3,667 received

whether or not the 5% who hold 95% of the knowledge are 95% more active than majority of users who're inactive is the real question. I would like to guess the distribution of knowledge for people who're actively participating is higher than average number of people who aren't considering the forum itself holds knowledge.

There is of course another school of thought that says most of the people who have the majority of the knowledge don't post much at all. They don't need to post because they're already adequately competent in their abilities and would rather not waste their time debating with what amounts to tiddlywinks with witty dittalywinks. But if it no longer becomes about the tiddlywinks but the wit than the dittalywinks can't have a fit about what a waste of time the little hand hits.


R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Reply With Quote
The following 2 users say Thank You to Itchymoku for this post:
 
(login for full post details)
  #15 (permalink)
 chr1s 
London, England
 
Experience: Beginner
Platform: NT, TOS, MT4
Broker: TOS, CQG (NT), FXCM
Trading: ES, 6E
 
chr1s's Avatar
 
Posts: 442 since Sep 2014
Thanks: 1,713 given, 670 received

I've selected less experience

I don't know who an average member is, but I can assume by looking at posts (mostly in elite sections) - which indicates a committed elite member who is active. I classify myself as a beginner and I think a lot of users here:
- they've been trading for more than me
- have journals going back months if not years
- talk a lot of sense, things I have to look up to understand fully
- think of themselves as more than a beginner (whether they are it's a different pool about Dreyfus model) by selecting intermediate in their profile

A lot of users are intermediate which to me means that they:
- have found their way of trading
- are students and teachers
- are constantly profitable - to the extend that they may start thinking about going full time, breaking even is a beginner's thing to me

I see this as a function of time, practice, knowledge and results therefore my input:
- time: 11 months
- practice: before, after work and weekends
- knowledge: couple of books, forums, webinars, futures.io (formerly BMT) which opens my eyes to how much I don't know
- results: 2 blown accounts and not profitable in sim at the moment
gives me a clear result that I have to placed myself below average member (defined in the beginning).

Hope this helps
Chris

Consistency over time
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #16 (permalink)
 lovetotrade 
Rockledge, FL
 
Experience: Advanced
Platform: Sierra Chart
Broker: Gain Capital, OANDA
Trading: GBP
 
lovetotrade's Avatar
 
Posts: 416 since Oct 2014
Thanks: 1,058 given, 807 received

I voted same as average because I do feel like I fall somewhere in the middle. It's kind of a trap question since it's impossible to know for sure. Do I stay on the humble side,and hit less than, or do I feel a little more arrogant, and want to roll with the high side. I choose to stay evenly amongst the crowd lol.

I know for sure that I wouldn't feel that way before a few months ago when I joined this site. It has humbled me time and time again, and I couldn't be more thankful for it. It has added an additional level of knowledge to my 4 years of experience, that I don't know how long it would it would have taken me to figure out on my own. I feel like I have the world of trading experience at my fingertips when/if I need it, and you can't put a price on that.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #17 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
Webinars: Jigsaw Trading Webinars
Elite offer: Click here
 
 
Jigsaw Trading's Avatar
 
Posts: 2,982 since Nov 2010
Thanks: 825 given, 10,326 received

I voted average.

Because in years experience, I am probably in the middle. I think...

What would be interesting to know is how much of the experience is no longer being leveraged.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #18 (permalink)
 Cachevary 
Russia,Khabarovsk
 
Experience: Beginner
Platform: NT
Trading: Gold
 
Cachevary's Avatar
 
Posts: 407 since Feb 2014

I`d say an average trader without the knowledge that`s well above average tends to go in cycle.From system to system,from indicator to indicator,from forum to forum,and they consider themselves experienced by doing so.I used to be in that boat,but i`m not anymore.In my view,trading has nothing to do with experience.You either have a proper knowledge or you don`t.

Reply With Quote
 
(login for full post details)
  #19 (permalink)
 slainster 
London/United Kingdom
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP/Rithmic
Trading: Futures
 
slainster's Avatar
 
Posts: 7 since Oct 2013
Thanks: 8 given, 0 received


Big Mike View Post
After voting, please post a reply telling us why you answered the way you did (why you believe your reason).

Mike

I only started seriously looking at trading a year ago, so very much still "learning the ropes", so below average is justified from my perspective.

Reply With Quote
 
(login for full post details)
  #20 (permalink)
 bob7123 
Amsterdam, The Netherlands
 
Experience: Intermediate
Platform: Sierra, IRT, ToS, Ninja
Broker: Stage 5
Trading: NQ
 
bob7123's Avatar
 
Posts: 658 since Oct 2011
Thanks: 133 given, 2,645 received

Great poll! I can't recall one I liked better.

Two short phrases:

Pareto Principle


Theory of Mind


*Complete with Wikipedia links at no extra charge.

Yeah I'm being a bit cryptic, but if one clicks the links and thinks on it a bit, I think you'll see what I mean.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #21 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,448 since Feb 2012
Thanks: 5,322 given, 11,417 received


artemiso View Post
I voted "Less experience than average".

My short reason is that this is probably the correct answer.

Maybe there is no correct answer?
As for my part I can not vote: The question is about comparing me
to the rest of all futures.io (formerly BMT) members here whom I don't know personally

GFIs1

PS: if every trader posting here transparently his trading results, that would make it
much easier to answer

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #22 (permalink)
sharpshoota
Bodoe , Norway
 
 
Posts: 143 since Jun 2014
Thanks: 846 given, 122 received

I voted less experience too.
Started in stocks i 2005 ...had to use a couple of years to come up with a strategy that I could use.
Switched to forex and CFD's in 2012 ... but I only trade part time because my work takes a lot of time.
I have a felling there are many full time traders here with much more "screen hours" than me.

Reply With Quote
The following user says Thank You to sharpshoota for this post:
 
(login for full post details)
  #23 (permalink)
 Tengoku 
Slovakia
 
Experience: Master
Platform: Sierra chart, TT
Trading: Spot fx, stocks, futures, options, etps
 
Posts: 67 since Dec 2014
Thanks: 2 given, 19 received

I ve choosed more experience than average not according the years I trade but according profit.
I was training half a year on several demo accounts almost every day and now I trade only a year as a intra-day trader every day. Week after week I have profit, sometimes its not much but better than negative balance at the end of week, right?

But probably I am somewhere between more and less than average according to years and amount of information which exists.

What I am looking in this forum is improve my win ratio above 78%. As intra-day trader mainly only with forex, commodities, futures I d like to expand to other markets with little bit of help.

I am excited from any new information about trading

DK

Reply With Quote
The following user says Thank You to Tengoku for this post:
 
(login for full post details)
  #24 (permalink)
 liquidcci 
Austin, TX
 
Experience: Master
Platform: ninjatrader, r-trader
Trading: NQ, CL
 
liquidcci's Avatar
 
Posts: 866 since Jun 2011
Thanks: 610 given, 1,077 received

I have about 15 years of idiot experience. I am a stubborn person. But I have about last 7 years of doing things the right way. So probably more experience than average but many years of stupidity.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Reply With Quote
The following 5 users say Thank You to liquidcci for this post:


futures io Trading Community Traders Hideout > Do you have more trading experience than average on BMT?


Last Updated on December 21, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

The Cold Hard Truth: Maybe I Am Not Good Enough w/Chris Gray @ Earn2Trade

Elite only

HIRO Indicator by Spotgamma in Bookmap w/Brent Kochuba @ SpotGamma

Elite only

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
     



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