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Updated June 20, 2024
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August 9th, 2016, 12:57 PM
Saint Charles, MO
Posts: 1 since Aug 2016
Thanks Given: 5
Thanks Received: 0
Hi I'm a new member and have started trading futures this year. I started out with sim to help get comfortable and originally had more negative days than positive yet that's started to change with focus and a better understanding of technical analysis.
I'm looking forward to learning more with this forum and offer what insight I can to others.
Thanks
Serug
August 9th, 2016, 01:30 PM
Saskatchewan
Experience: Beginner
Platform: Ninjatrader
Broker: TST / Rithmic
Trading: CL
Posts: 959 since Apr 2014
Thanks Given: 2,629
Thanks Received: 1,710
ralphd
Hi- I've been a trader my entire career,starting in college where I took my student loan money and blew up. After that experience, I started to read about technical analysis and started to trade based on classic chart patterns, which worked for awhile. Again, I borrowed $5000 from a bank , opened a margin account , in 3 months, the account was worth $120,000.
I was 23 and so proud of myself that I bought a brand new BMW(1976), took a vacation to Acapulco , and yes I inhaled!
In Mexico while I was living la dolce vita, I had a long copper position on , on the
basis of a major
strike by the copper producers that would decrease the supply. Well, you guessed it, there was a strike, except the 2 major copper producers, Kennecott and Phelps Dodge settled and copper was
limit down for 3 days! Not only was I wipe out I went into a $20,000 deficit . I was a broker for Bache at the time and that was a Nono , I was almost thrown out of the business, but I settled and agreed to pay the money back plus 12% interest and I did, it took me 4 years but I paid everything back, par plus accrued. After that I did a lot of sole searching and there were no mentors back then, so I had to figure it out for myself and I wouldn't have wanted to do it any other way. I tell people I'm autodidactic , self taught, the school of hard knocks, and I'm still learning. I then (1978) , couldn't take losing money every year , so I read a book called " Beat The Market", by Ed Thorp. That book turned me from a losing trader to a trader that was making 20-25%, returns consistently . I was managing $12mm dollars at my peak in 1985, I was living in New Haven,Ct. then, and no I didn't go to Yale. I always wanted to be a Wall Street trader, so I parlayed my little business into a career on Wall St at what is now one of the top hedge funds in the world(
AUM $25bil),. When I joined in March 1986 we had $200mm and making money and then the crash in 87 came and we made 6% for the year and investors redeemed and our AUM went to $80mm , when I joined I was a Sr.conv arb trader, then migrated to distressed debt/ bankrupt investing ( which I loved), then to the number 2 person running trading,research an portfolio managers. When I left in April 1999, we were managing $2bill. So here I am , 62 trading my own money and excited to be an elite member of this elite group. I hope you enjoyed my little story, I left out the good stuff, like the ferraris, well just one,and the plane, well truth be told I gave a bridge loan to the owner of the plane, he was a real estate developer, collateralized by the plane and the property. I sold plane and property because I'm a trader .
I'm honored to be a part of this elite group and look forward to chatting with you all, enjoy.- RD
Interesting story
Sent from my SGH-I337M using Tapatalk
Thank you to everyone who helped me in my journal contest it all ment alot.
August 9th, 2016, 01:30 PM
Saskatchewan
Experience: Beginner
Platform: Ninjatrader
Broker: TST / Rithmic
Trading: CL
Posts: 959 since Apr 2014
Thanks Given: 2,629
Thanks Received: 1,710
ralphd
I don't know if this is the right forum, but I signed up for the elite membership and contributed the $100. When I signed in it didn't recognize me as an Elite Member, what do I need to do on my end? Thanks Ralphd
@Big Mike ?
Sent from my SGH-I337M using Tapatalk
Thank you to everyone who helped me in my journal contest it all ment alot.
August 9th, 2016, 03:26 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,607 since Jun 2009
Thanks Given: 33,345
Thanks Received: 101,971
ralphd
I don't know if this is the right forum, but I signed up for the elite membership and contributed the $100. When I signed in it didn't recognize me as an Elite Member, what do I need to do on my end? Thanks Ralphd
Forward me your PayPal receipt by email to mike /at/ futures.io
Sent from my phone
August 9th, 2016, 11:31 PM
Los Angeles, CA, USA
Posts: 2 since Jul 2016
Thanks Given: 4
Thanks Received: 0
Hi Mike,
I've been a struggling trader as long as I remember. I started day trading stocks in 1995 with a very limited knowledge of the market at that time. Then I took a long break from trading. Since last year I started looking into emini futures market after a good friend of mine introduced me and in a way encouraged me to learn futures market. Since then my struggle renewed and continues.
Anyway, I'm glad I bumped into this forum. I want to learn and determined to be a successful day trader. So I'm looking forward to making friends here from whom I'll learn and be a good contributor.
Thanks.
Joe
August 10th, 2016, 12:12 AM
Houston Texas
Posts: 1 since Aug 2016
Thanks Given: 1
Thanks Received: 0
I sold my soul in Mississippi for a surefire indicator.
August 10th, 2016, 09:19 AM
Perth, Western Australia
Posts: 1 since Jan 2015
Thanks Given: 0
Thanks Received: 0
Hey all,
I've been lurking on this sub for a while but i finally decided to start posting since i tend to visit a bit more frequently.
Currently looking at ES/CL (mainly CL), generally scalping .
Kinda shitty yet never going to blow up kind of trader. More likely to lose to a thousand cuts.
August 12th, 2016, 06:37 PM
Denver, CO
Experience: None
Platform: none
Trading: SPY 0DTE
Posts: 18 since Aug 2016
Thanks Given: 9
Thanks Received: 16
Hi everyone, I'm looking into day trading as a side project till I find a new job. I look foreward to collaborating with you folks. If you have any questions on petroleum engineering I may be able to assist with that too.
Also, I am trying to see if anyone has had experience working with prop firms.
-Dev
August 12th, 2016, 07:00 PM
Duluth MN
Market Wizard
Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
Broker: AMP
Trading: ES
Posts: 1,027 since Jan 2015
Thanks Given: 1,419
Thanks Received: 2,676
Welcome Dev!
You will find a wealth of information on this forum. No shortcuts and no magic indicators. Hard work and screen time will get you to where you are going.
August 12th, 2016, 07:39 PM
Denver, CO
Experience: None
Platform: none
Trading: SPY 0DTE
Posts: 18 since Aug 2016
Thanks Given: 9
Thanks Received: 16
rocksolid68
Welcome Dev!
You will find a wealth of information on this forum. No shortcuts and no magic indicators. Hard work and screen time will get you to where you are going.
Thanks, I look foreward to checking it out. Can you chime in on the premium membership, how it has improved your experience for example. Thanks!
Last Updated on June 19, 2024