NexusFi: Find Your Edge


Home Menu

 





Your best learning resource?


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one TheManWithNoPlan with 9 posts (5 thanks)
    2. looks_two GoodTrading with 5 posts (7 thanks)
    3. looks_3 truckertrader with 3 posts (3 thanks)
    4. looks_4 kevinkdog with 1 posts (2 thanks)
      Best Posters
    1. looks_one tr8er with 6 thanks per post
    2. looks_two showbiztrader with 4 thanks per post
    3. looks_3 GoodTrading with 1.4 thanks per post
    4. looks_4 TheManWithNoPlan with 0.6 thanks per post
    1. trending_up 7,127 views
    2. thumb_up 39 thanks given
    3. group 13 followers
    1. forum 27 posts
    2. attach_file 1 attachments




 
Search this Thread

Your best learning resource?

  #1 (permalink)
 
TheManWithNoPlan's Avatar
 TheManWithNoPlan 
Chicago, Illinois
 
Experience: Intermediate
Platform: Tradingview, Tradestation
Broker: NinjaTrader
Trading: Futures, Options
Posts: 28 since Mar 2022
Thanks Given: 21
Thanks Received: 23

What resource in your time trading was most useful for learning more and putting you on the right path?

As a rookie in the futures space, any guidance would be appreciated.

I will start as I am still in the cheese maze myself. I would say the most useful for me has probably been Market Wizards, it is thrown around a lot when talking about books, but hearing successful traders talking about macro and psychological aspects really helped hammer home the importance of good risk management and best practice. Which has taken me from being a losing trader to a breakeven one, which is almost somehow more frustrating.

Was there ever an AHA learning moment for you?

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
How to apply profiles
Traders Hideout
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
REcommedations for programming help
Sierra Chart
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
35 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
19 thanks
GFIs1 1 DAX trade per day journal
16 thanks
Spoo-nalysis ES e-mini futures S&P 500
15 thanks
  #2 (permalink)
 truckertrader 
Chicago, Illinois
 
Experience: Intermediate
Platform: CQG Desktop
Broker: Dorman Trading
Trading: 95% Futures Spreads/5% Outrights
Posts: 48 since Mar 2022
Thanks Given: 103
Thanks Received: 78


TheManWithNoPlan View Post
What resource in your time trading was most useful for learning more and putting you on the right path?

Was there ever an AHA learning moment for you?

For me it was an episode of Macro Voices podcast with Erik Townsend. Totally changed my outlook. Literally, like a light that went on.

Although I have quite a few moments like that listening to amazing traders, you begin to pick up little nuggets here and there. Fortunately, my profession(truck driver) allows me a lot of time to listen to some great trading podcasts. Problem is I can't write anything I hear down at that moment because I'll wind up in a ditch!

Maybe that might help you even more. Trade Well!

Some of my favorites............

Chat with Traders
Macro Voices
Futures Radio Show
Top Traders Unplugged
Trend Following with Michael Covel
The Managed Futures Podcast
The Grant Williams Podcast

Reply With Quote
  #3 (permalink)
 
TheManWithNoPlan's Avatar
 TheManWithNoPlan 
Chicago, Illinois
 
Experience: Intermediate
Platform: Tradingview, Tradestation
Broker: NinjaTrader
Trading: Futures, Options
Posts: 28 since Mar 2022
Thanks Given: 21
Thanks Received: 23



truckertrader View Post
For me it was an episode of Macro Voices podcast with Erik Townsend. Totally changed my outlook. Literally, like a light that went on.

Although I have quite a few moments like that listening to amazing traders, you begin to pick up little nuggets here and there. Fortunately, my profession(truck driver) allows me a lot of time to listen to some great trading podcasts. Problem is I can't write anything I hear down at that moment because I'll wind up in a ditch!

Maybe that might help you even more. Trade Well!

Some of my favorites............

Chat with Traders
Macro Voices
Futures Radio Show
Top Traders Unplugged
Trend Following with Michael Covel
The Managed Futures Podcast
The Grant Williams Podcast

Thank you for sharing! I have never listened to a trading podcast, thanks for giving me the idea to check them out and including the ones you felt benefited you the most. Do you mostly trade when you aren't making runs?

Started this thread Reply With Quote
Thanked by:
  #4 (permalink)
 truckertrader 
Chicago, Illinois
 
Experience: Intermediate
Platform: CQG Desktop
Broker: Dorman Trading
Trading: 95% Futures Spreads/5% Outrights
Posts: 48 since Mar 2022
Thanks Given: 103
Thanks Received: 78


TheManWithNoPlan View Post
Do you mostly trade when you aren't making runs?

I'm not a daytrader. I position or swing trade mainly through the use of futures calendar spreads which on average are less volatile than an outright position.

I'm a local driver(home every day), plus I work nights so it allows me to monitor positions through my phone since not much takes place overnight in the market, most of the time.Actually it was easier when I didn't have a cell phone with me because now you just sometimes feel a need to " do something," or " I don't want to miss out on this move" type of situation which most of the time only causes you.............PAIN!

Like I said you might enjoy listening to other successful people and along the way someone will say something that will just hit you like a ton of bricks.

Not to mention all the invigorating stories about where and how people started their trading careers.

Trade Well.

Reply With Quote
  #5 (permalink)
 tr8er 
Europe
Legendary Market Wizard
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
Posts: 704 since Jan 2017
Thanks Given: 220
Thanks Received: 709

Screentime, screentime, screentime!!!

Reply With Quote
  #6 (permalink)
 
TheManWithNoPlan's Avatar
 TheManWithNoPlan 
Chicago, Illinois
 
Experience: Intermediate
Platform: Tradingview, Tradestation
Broker: NinjaTrader
Trading: Futures, Options
Posts: 28 since Mar 2022
Thanks Given: 21
Thanks Received: 23


truckertrader View Post
I'm not a daytrader. I position or swing trade mainly through the use of futures calendar spreads which on average are less volatile than an outright position.

I'm a local driver(home every day), plus I work nights so it allows me to monitor positions through my phone since not much takes place overnight in the market, most of the time.Actually it was easier when I didn't have a cell phone with me because now you just sometimes feel a need to " do something," or " I don't want to miss out on this move" type of situation which most of the time only causes you.............PAIN!

Like I said you might enjoy listening to other successful people and along the way someone will say something that will just hit you like a ton of bricks.

Not to mention all the invigorating stories about where and how people started their trading careers.

Trade Well.

10-4 buddy, I understand that temptation, I have run into it many times lol. Stay safe out there.

Started this thread Reply With Quote
  #7 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,663 since Jul 2012
Thanks Given: 1,892
Thanks Received: 7,356


truckertrader View Post
I'm not a daytrader. I position or swing trade mainly through the use of futures calendar spreads which on average are less volatile than an outright position.

Did you ever read the book "How I Lost $1 Million Dollars?" The dude was trading calendar spreads. It is a good cautionary tale, as even lower risk spreads can be turned into a crazy soup of extreme volatility and heavy losses...

I found it interesting when I traded spreads more...

Follow me on Twitter Reply With Quote
Thanked by:
  #8 (permalink)
 
WoodyFox's Avatar
 WoodyFox 
Columbus, Ohio
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
Posts: 409 since May 2016
Thanks Given: 196
Thanks Received: 876


TheManWithNoPlan View Post
What resource in your time trading was most useful for learning more and putting you on the right path?

As a rookie in the futures space, any guidance would be appreciated.

I will start as I am still in the cheese maze myself. I would say the most useful for me has probably been Market Wizards, it is thrown around a lot when talking about books, but hearing successful traders talking about macro and psychological aspects really helped hammer home the importance of good risk management and best practice. Which has taken me from being a losing trader to a breakeven one, which is almost somehow more frustrating.

Was there ever an AHA learning moment for you?

Being that I only trade using statically based strategies, my biggest AHA moment was discovering a lot of the tools needed to be successful are already out there. The exchanges themselves and many websites have the data and tools available for you to use to create statistical advantages. This not only helps you find your edges, its saves countless hours of time.

Reply With Quote
  #9 (permalink)
 
TheManWithNoPlan's Avatar
 TheManWithNoPlan 
Chicago, Illinois
 
Experience: Intermediate
Platform: Tradingview, Tradestation
Broker: NinjaTrader
Trading: Futures, Options
Posts: 28 since Mar 2022
Thanks Given: 21
Thanks Received: 23


WoodyFox View Post
Being that I only trade using statically based strategies, my biggest AHA moment was discovering a lot of the tools needed to be successful are already out there. The exchanges themselves and many websites have the data and tools available for you to use to create statistical advantages. This not only helps you find your edges, its saves countless hours of time.

Thanks for sharing. I have looked at a lot of the learning and education material on the CME site have not used any tools on there. What tools did you find particularly of value?

Started this thread Reply With Quote
  #10 (permalink)
 truckertrader 
Chicago, Illinois
 
Experience: Intermediate
Platform: CQG Desktop
Broker: Dorman Trading
Trading: 95% Futures Spreads/5% Outrights
Posts: 48 since Mar 2022
Thanks Given: 103
Thanks Received: 78



kevinkdog View Post
Did you ever read the book "How I Lost $1 Million Dollars?" The dude was trading calendar spreads. It is a good cautionary tale, as even lower risk spreads can be turned into a crazy soup of extreme volatility and heavy losses...

I found it interesting when I traded spreads more...

LMAO! You mean similar to something like this insane volatility...

Crazy what's been happening with volatility in spreads these days, but I always do love a good read, I'll check it out. Thanks

Attached Thumbnails
Click image for larger version

Name:	CLZ2022-CLZ2023_2022-03-28_14-08-51.png
Views:	127
Size:	66.4 KB
ID:	323244  
Reply With Quote




Last Updated on May 3, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts