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Hello everyone
My name is John, and I am a new trader just starting out. I don't have any bad stories about trading. I look forward to the journey I am about to partake. Let me thank everyone in advance for all the help that I MIGHT RECIEVE. I look forward to getting to know everything I can about trading.
Can you help answer these questions from other members on NexusFi?
Am a newbie. Recently opened a demo account so don't have any bad stories to share. I was tempted to start with a live account but something told me to be patient.
Lost £400 on my demo account so far but have learnt a bit but obviously not enough.
My main focus is on forex and indices .
My intention for tomorrow is to overcome my hesitation in trading, by intending to trade based on the most reasonable market info in direction of trend and not by my emotions. Asking myself why to take a setup or not. My hesitation comes from fear of being wrong, because I'm looking for certainty. The doubting mind can always see how something won't work, forgetting that we are dealing with probabilities not certainty.
I want to overcome my hesitation by forcing myself (a strong intention to resolve my inner dilemma) to make a decision. I do not intend this to be an emotional decision because I want to overcome my emotional resistance to trade or not . I'm consciously forcing the issue rather than being lead by my fear. When I usually trade it's out of frustration of not having made a decision earlier. Having missed a number of setups that I hesitated on because there was no emotion or pressure behind my thinking/perceiving. Usually trading in the direction that has least inner resistance but may be counter trend meeting more resistance in market. When they say we trade our emotions rather than the market I see this clearly in myself and feel very frustrated.
I'm a math and engineering guy. Been trading/investing part-time about 4 years. Started in stocks and enjoyed instant success...tripled my account in 7 months in resource stocks coming off the financial crisis.
Took my beginner's luck to futures and decided to take it seriously by paying for training and buying programs from "experts" suggested by my broker. Broker declared, "Trading futures is totally different from trading stocks!"
After 9 months of waiting for trend following to show me something other than $10,000/week net losses, I turfed all my training, all the indicators, all the strategies and went totally commando -- just prices on giant paper printouts and macroeconomics, which is how I started in stocks.
I enjoyed "instant" success again and regained all my losses in 2 months. My broker was wrong. Trading futures is exactly like trading stocks...just add a zero to the oscillations. Now my challenge is to automate what seems to be intuition. I understand fractals, expected value, and positive expectancy, and my automated strategies produce excellent returns, but how do you program that "gut feel" that convinces you to load up on a particular trade, the trade that turns a 30% return into a 300% return? I've tried about 20 self-programmed strategies in Ninja Script with above-average results, but nothing works as well as me looking at the charts and reading the WSJ. I'd like to find other traders who experience that subconscious vibe that says, "this trade is different," as they back up the truck with total confidence.
I look forward to learning from AND contributing to futures.io (formerly BMT).
I get 40 to 50 tick gain every day then keep trading lose all the gain .Can not stop trade .how to remind my self stop trade when I have gain my account.it's decipline but ---any technique? anybody use.
Please advise experience traders!!