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I need help with ... (ask any question)

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  #241 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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Posts: 6,948 since Jan 2013
Thanks: 51,101 given, 23,121 received


TradeTheLevel View Post
This could be a loaded question to some! Personally I like tradestation as they have free data. With the free data you also get a demo account where you can practice trading. Tradovate also has a great demo with a very low deposit. You will have to pay for data. I'm only giving you options that have these demo platforms so that you can learn order entry etc. These platforms could also not be for you. I am adding that as a disclaimer. I do love both because they both have tradingview charting integration. It's important to sim.for a bit before you drive. It sucks when you make a mistake and place a trade you didn't mean too and on the wrong contract month. Least with free data you can learn and it not cost you anything.

Hi @TradeTheLevel, thanks for responding to @chiefrocka's question.

This thread is a new thing since you were here last. Mike set it up for inquiries about "I need help with ... (ask any question)", and what we do when there's a question is set up a new thread to attract general member replies and perhaps get a discussion going.

I am copying your response to the new thread I set up for his question, to seed it with an informative reply. I hope he gets many more and finds something to try out.

Good to see you back, by the way. I saw you post the other day and forgot to say "Welcome back...." so now, welcome back.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #242 (permalink)
 TradeTheLevel 
Rockland, ME
 
Experience: Intermediate
Platform: Motivewave, TradingView
Broker: Tradestation
Trading: Futures: ES, YM, RTY, NQ, GC, CL, ZS, ZW, ZC
 
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bobwest View Post
Hi @TradeTheLevel, thanks for responding to @chiefrocka's question.

This thread is a new thing since you were here last. Mike set it up for inquiries about "I need help with ... (ask any question)", and what we do when there's a question is set up a new thread to attract general member replies and perhaps get a discussion going.

I am copying your response to the new thread I set up for his question, to seed it with an informative reply. I hope he gets many more and finds something to try out.

Good to see you back, by the way. I saw you post the other day and forgot to say "Welcome back...." so now, welcome back.

Bob.

Good to see you too brother. Thanks for keeping this place rock solid.

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  #243 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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Posts: 6,948 since Jan 2013
Thanks: 51,101 given, 23,121 received



webtrading View Post
Can anyone give a way to automatically make true square gann style charts for squaring price and time?

Hi @webtrading and thanks for the question.

I have opened a new thread for your topic, which you can access by clicking here:



You should see responses soon if anyone has ideas about how to do that.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #244 (permalink)
 webtrading 
phoenix az
 
Experience: Advanced
Platform: none
Trading: misc futures markets
 
Posts: 6 since Aug 2016
Thanks: 2 given, 1 received

thank you for any feedback.

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  #245 (permalink)
 rscr 
san jose costa rica
 
Experience: Intermediate
Platform: trading station
Trading: forex
 
Posts: 6 since Jun 2014
Thanks: 37 given, 2 received

HELP!!!! Lost my Tech/computer assistant.
Have traded since days of the Hunt Brothers silver fiasco. Ran a retail Gold & Numismatic biz when all we had was Phones and Telex - Life was a lot simpler than.

Recently opened account at TD Ameritrade. Seeking installation/configuration assistance for ThinkorSwim platform. Am 83, healthy and plan on seeing another 50 yrs of sunrises. Am an intermediate level trader but totally inept when it comes to computers and technology in general. Have Teamviewer and Skype and will be more than happy to compensate via PayPal.

Purra Vida from Costa Rica,
Richard
[email protected]

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  #246 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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Posts: 6,948 since Jan 2013
Thanks: 51,101 given, 23,121 received


rscr View Post
HELP!!!! Lost my Tech/computer assistant.
Have traded since days of the Hunt Brothers silver fiasco. Ran a retail Gold & Numismatic biz when all we had was Phones and Telex - Life was a lot simpler than.

Recently opened account at TD Ameritrade. Seeking installation/configuration assistance for ThinkorSwim platform. Am 83, healthy and plan on seeing another 50 yrs of sunrises. Am an intermediate level trader but totally inept when it comes to computers and technology in general. Have Teamviewer and Skype and will be more than happy to compensate via PayPal.

Purra Vida from Costa Rica,
Richard
[email protected]

Hi @rscr,

I came a little after the Hunt brothers, but I remember it. My sympathies.

I have opened a new thread for your question, in hopes that it will attract attention and that someone will give you a hand. I'm sure it is not as difficult as it may appear, but a lot of traders are in the same boat, and someone who knows TOS probably can be of help.

Click here to go to the new thread:



Good luck. You should see some responses there soon.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #247 (permalink)
 cmipilot 
Dallas, TX/USA
 
Experience: Advanced
Platform: NinjaTrader/Tradestation
Trading: Eminis
 
Posts: 11 since Feb 2016
Thanks: 5 given, 2 received

Over the years, I've asked traders a question, and never really gotten a good (in my opinion) answer. The question is: What would a person with a $10,000 trading account and basic options approval use as a consistent method to make $1000 per month net profit in the market, including options, futures or forex? Or, is that even possible?

I noticed a zero was missing in my initial post. I should have said "a $100,000 account." And now that I'm thinking about it, perhaps I should eliminate the number totally. Let's focus on just a consistent return from a repeatable strategy. Is that more realistic?

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  #248 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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Posts: 6,948 since Jan 2013
Thanks: 51,101 given, 23,121 received


cmipilot View Post
Over the years, I've asked traders a question, and never really gotten a good (in my opinion) answer. The question is: What would a person with a $10,000 trading account and basic options approval use as a consistent method to make $1000 per month net profit in the market, including options, futures or forex? Or, is that even possible?

Well, I think there's a good reason you haven't gotten an answer, or actually several good reasons.

1. Most traders do not succeed at trading and eventually drop out. Trading is not an easy path to a lot of money, or to much at all except for a few.

2. You are asking for a mind-boggling amount of money from a small amount of capital. You're talking about 10% a month, net after losses, every month. That would not multiply out to 120% a year, it would be more, if the trader plowed the month's profits back into their account and so compounded the returns. In a few years, with compounding, we're talking about an unreal return.

3. Suppose someone knew of a "consistent method" to do this? Would they share it with you? No. Not ever. They would just use their money machine to crank out money and retire to their yacht, or perhaps to their private island or their castle in the Alps.

This may not be the "good" answer you wanted, but it is a realistic answer.

-----------

But, since it's just my answer, I'm going to put your question out to the forum and see what others think is possible.

I'll generalize the question to ask what people think is possible for a trader to make consistently, and how they would get it, and we'll see what answers we get.

I've opened up a new thread for your question, here:



I hope there are interesting responses.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #249 (permalink)
 cmipilot 
Dallas, TX/USA
 
Experience: Advanced
Platform: NinjaTrader/Tradestation
Trading: Eminis
 
Posts: 11 since Feb 2016
Thanks: 5 given, 2 received


bobwest View Post
Well, I think there's a good reason you haven't gotten an answer, or actually several good reasons.

1. Most traders do not succeed at trading and eventually drop out. Trading is not an easy path to a lot of money, or to much at all except for a few.

2. You are asking for a mind-boggling amount of money from a small amount of capital. You're talking about 10% a month, net after losses, every month. That would not multiply out to 120% a year, it would be more, if the trader plowed the month's profits back into their account and so compounded the returns. In a few years, with compounding, we're talking about an unreal return.

3. Suppose someone knew of a "consistent method" to do this? Would they share it with you? No. Not ever. They would just use their money machine to crank out money and retire to their yacht, or perhaps to their private island or their castle in the Alps.

This may not be the "good" answer you wanted, but it is a realistic answer.

-----------

But, since it's just my answer, I'm going to put your question out to the forum and see what others think is possible.

I'll generalize the question to ask what people think is possible for a trader to make consistently, and how they would get it, and we'll see what answers we get.

I've opened up a new thread for your question, here:



I hope there are interesting responses.

Bob.

Thanks for replying. I noticed a zero was missing in my initial post. I should have said "a $100,000 account." And now that I'm thinking about it, perhaps I should eliminate the number totally. Let's focus on just a consistent return from a repeatable strategy. Is that more realistic?

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  #250 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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Posts: 6,948 since Jan 2013
Thanks: 51,101 given, 23,121 received



cmipilot View Post
Thanks for replying. I noticed a zero was missing in my initial post. I should have said "a $100,000 account." And now that I'm thinking about it, perhaps I should eliminate the number totally. Let's focus on just a consistent return from a repeatable strategy. Is that more realistic?

Yeah, probably, but it's still a good return.

Why don't you go to the new thread and add this. I copied your original post there, and you can edit it if you like, clarifying what you would like the question to be, or you can make a new post to explain further.

Let's keep the discussion in that thread now, so others can jump in and it will be in just one place.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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