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AJ's Journal

  #731 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


tderrick View Post
I stand at the edge of the rest of my life and gaze down into the abyss of the unknown.

It is me against myself... as it has always been.

This reminds me of an Elon Musk quote about starting a new business. "Being an entrepreneur is like eating glass and staring into the abyss of death."

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  #732 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


tturner86 View Post
This reminds me of an Elon Musk quote about starting a new business. "Being an entrepreneur is like eating glass and staring into the abyss of death."


That was a scary time


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #733 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695



tderrick View Post
That was a scary time

Feels good to see it from this side of the tunnel I bet?

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  #734 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


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  #735 (permalink)
 
kab0000's Avatar
 kab0000 
London, United Kingdom
 
Experience: Beginner
Platform: Sierra / NT7 / Jigsaw
Broker: NinjaTrader Brokerage
Trading: CL
Posts: 46 since Feb 2015
Thanks Given: 1,938
Thanks Received: 42


tderrick View Post
Thanks for visiting my Journal.

Being a recording engineer in Nashville, Tennessee, I think trading would be a wonderful second career for me, as I enjoy the technology involved. Technical Analysis is fascinating.

So here is a brief history of my limited experience playing the markets...




I spent a couple of months searching the web in my spare time for a good, simple to start with Platform and an affordable broker...

I settled on the NT/ Amp / Zen-Fire set-up.

After Sim testing for a month or two, I liked it enough to spring for a lifetime license.

After another few weeks of Sim trading, I felt confident enough to dive in. I probably selected the wrong market to start with... The ES.

Trading live seemed completely different than Sim trading... Imagine that!! lol

After a %50 drawdown, I stopped live trading.

I cut back on all the nonsense of too many indicators on my chart and just started observing price action in the YM. Live Data without trading. Just making mental notes of when I would enter and exit.

I jotted down the best moving times and went back in.


I have been profitable ever since.


I will get into my system and rules in my next entry.
I think I am going to enjoy my time here at futures.io (formerly BMT).



I now begin my journey to earn enough coin to hang at the farm, look out the window at my horses and trade.

AJ,

I can't thank you enough for the dedication and effort you have put into this journal. I have actually read to page 15 of this thread and have had to come back to the start to say, the time you have taken here to collate all your thoughts and actions has, is and will be of continued benefit to many, so thank you.

I hope with sheer force of will and the insights you and many other are sharing here on futures.io (formerly BMT) I will be able to learn and approach trading as a newbie with a clear and thought out approach.

You state above "Being a recording engineer in Nashville, Tennessee, I think trading would be a wonderful second career for me, as I enjoy the technology involved. Technical Analysis is fascinating."

Q: How long did it take you approximately from being first introduced to trading to get to the point where you committed to buying a platform on which you would trade?

I ask this question because it seems at this point you already had some foundation and knowledge about trading. How and where did you get this foundation from?

All the best,

kab0000

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  #736 (permalink)
 
kab0000's Avatar
 kab0000 
London, United Kingdom
 
Experience: Beginner
Platform: Sierra / NT7 / Jigsaw
Broker: NinjaTrader Brokerage
Trading: CL
Posts: 46 since Feb 2015
Thanks Given: 1,938
Thanks Received: 42


tderrick View Post

I like having a panel for Volume and a panel with the 10/30 EMA trick.

Q: I've seen you refer to the "10/30 EMA trick" or similar "EMA trick" on other days in your journal. Could you or anyone that knows explain what this is, please? Thanks in advance.

All the best,

kab0000

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  #737 (permalink)
 
kab0000's Avatar
 kab0000 
London, United Kingdom
 
Experience: Beginner
Platform: Sierra / NT7 / Jigsaw
Broker: NinjaTrader Brokerage
Trading: CL
Posts: 46 since Feb 2015
Thanks Given: 1,938
Thanks Received: 42


Big Mike View Post
Sorry to hear of harder times.

But please do not make the normal mistake of thinking trading for your primary income is going to happen anytime soon. Most in this situation end up burning through all their savings, and really putting themselves in a bad financial situation as they spend day after day trying to make trading work, instead of searching for a "normal" job.

Willpower alone is not going to make you a good trader. It takes a lot of things in your life to be aligned just right, and financial stress does not fit in the picture.

I hope things improve soon.

Mike

It is statements like this that let me know Big Mike is the real deal and has the best interest of the people on this forum. That being said step by step I believe we can get to that goal of making a living trading. I am far from there at the moment but with guys like Big Mike around watching over us there is hope.

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Last Updated on June 7, 2015


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