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In a year or so of your trading journey, where were you?
Little background:
I remember joining this community back in 2019 Jan or something but really started regular posting since oct 2019, this exact month a year ago. Before this I've been trading on and off and have been part of many large trading groups, all local, but futures.io has been the only place where I could interact with traders from all walks who weren't just giving tips/calls or selling something to others.
So to be little blunt, this is really the only year where I can say that I've been part of any trading community and while I took my first trade in 2015 and blew 70% of my large portfolio account back in 2017 in a single trade (that period seems large but I was not active trader and was basically MBA student which I completed in 2017). After 2017 to 2019 it was rather period of "re-learning" and this last year has been the only real year of my "active" trading life. I've blown small accounts in between, but they were insignificant, in India trading is cheap and you can day trade for as little as USD 100 as long as you have petiance, so it was not "devastating" like the 2017 event (which was a big account for my student self).
Also, in oct 2019 I started one TV demo account which I traded for almost 6 months, then I closed that as I realised it wasn't really helping and I was better off going back to trading small account and learning, which I did. Now I've one large account for portfolio holdings and rare trades and generally trade in one small account for intra day. Anyway, not to bore you people with those kind of details, point of matter is now I make some money from trading, of course its not enough to live off of it yet but it is there to support me along with my passive income and this community was really good for me to make that turn, I hope I eventually become profitable enough to completely live off of my trading and make it big. But till then...
I wanted to know where were you after 1 year of your journey with future.io? I know trading is really personal activity but it's always good to track what others are doing and how they are progressing so I can have some measure of my own journey and goals too.
I know there are many many successful traders here, I want to know what you learned/gained in the first year here and how that has helped you so I can also add that on my learnings. This will also help others like me. I'm quite a noob myself, so I might not be progressing as fast as others so go easy on me
Thanks for this thread. I am very happy for you and your progress.
I've started trading back in 2014. It is more than 6 years and I am yet to see a $1 from this activity. During this learning curve I've been funed once with TST, once with Earn2Trade and 6 times with Leeloo.
You should be proud of your success because you've turned the corner after a year.
Congrats in sharing. Would be good to know what you are trading and what u felt u did wrong before and what you are doing right. I am finally getting systematic and process driven and so now every win seems earned well and every loss still seems acceptable since I am following the process including journaling etc rather than sheer luck.
I trade Nifty and Banknifty, both are the indexes of NSE, which is national stock exchange of India.
Major difference now and year back is now I've lot more on hand experience. Before this I was "imagining" trades after the fact and using that to add to or remove from my system, I did back tests as well but its really not how I end up trading when its up to me to pull the triggers and never worked in real trades same.
Also now I'm settled with type of trades I take, sometimes even time of trade is same. I mean there are specific times in the day I tend to take the trades. For example, first reversal or bounce from VWAP between 9:30 to 9:45 AM (2nd 15 min period after opening, which is 9:15AM), then there is period of UK opening, when our market gets second wind, as long as you have keen eye on volumes you can certainly take a opening session based trades. Its still work in progress
You are being kind, I also blew out quite a bit of money, according to my father I've turned into bad apple since I don't do real job after having so much education #AsianParents
