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Hello. I am aged 72 (feel younger!!) and have been trying to get myself on a path to consistent trading profits since 2005 at least. Still seeking a method that suits me. Ideally, simple and clear so I know when a trade is going wrong and can get out while letting the good ones run. I tend to favour price action and horizontal support and resistance levels as taught by several Australian traders.
I am completely new to Trading. I have literally just started researching Day Trading and if I find that I might be suited to it then I hope to trade part time. I have never joined any kind of forum in any field before, but having stumbled across BMT I was straightaway struck by both the openness of Mike's approach and that of the members in the (few) posts that I have read so far. It's clear that this is a good group to be part of, and I hope to be able to be of some use to people on here someday when I have some experience to offer. To begin with though, please excuse my total lack of knowledge of the field - I'm going to be asking some very very basic/daft questions indeed, to clarify things that I am reading from books, from this site and elsewhere on the web.
My motivation arises from the desire to generate another income stream alongside my main job which is Sales Admin with a technology company. I am lucky to now be in this job which I enjoy and has given me the time and 'headspace' to be able to relax and seriously apply myself to a new endeavour alongside it.
And serious I am. My intention is to properly research Daytrading, determine whether I'm really a good fit for the job, if so, get a comprehensive Plan in place, taking maybe a year to get to the point where I am ready to go live trading a specific security of choice, having thoroughly backtested and trade-simulated my initial system. My objective for maybe 3-6 months after that would be to breakeven or slightly better, whilst I gained experience and refine my methods. There would be a proper focus on risk management from day 1. There would be no deviation from the system that I went live with. None. No panic, no greed. Just planned development.
I'll be running my ideas past you guys and am resolved not to shy away from looking a complete fool sometimes in the course of developing it. Go easy on me, eh.
Just signed in and wanted to let everyone know I look forward to looking at everyone's post and journals. Also, I currently trade the Es and ZB hoping to get better at what I do. I mainly focus on support and resistance levels looking at the prior days and overnight movement. I'd say my biggest issue is spotting reversals. I know everyone has their own style so to each their own and hopefully I can make this passion a reality. I'm realistic and not looking to get rich quick and I know I picked the wrong job to do but I don't know why I can't get away from it as I'm sure a lot of you might feel the same way.
Very excited to join, ive traded currency for 5 years and it was a good place to get an understanding of charting, loving futures due to the regulated market, never realized how much currency is "The Wild west" really looking fwd to moving towards my goal of trading for a living..
Thanks George, I appreciate your message. I'm looking forward to doing the research legwork, and will use this site's enormous info resource before I start posting much in the way of dumb questions. I'm not 100% sure that I should really be here yet, as it's such early days that I'm going to be something of a 'taker' for a while with not much to give, and I'm not comfortable about that. Thanks. Ross.
Just started trading within the past year. Started with credit spreads and didn't like them. Last Augusts' flash crash made me put me on the sidelines for awhile. Interested in the eminis and have had some success. Great at reading charts but too much jumping in and out. Would love to hear from others.
Even though I have been a constant lurking member for a long time, I thought I would get around to posting an intro.
Live and work in the top end of Australia. I have been day trading for several years now, the ES is my instrument of choice. On account of the time difference here, most of the time I end up trading the Globex sessions.
Glad to be a member of the forum, lots of great material here.
Hi my name is Arie, 30 years old and still newbie in trading.
Almost 1 year I decided to learn more about trading, now still focusing on options trading (daytrade).
80% of my learning curve is self-taught using all the resources I can find from internet.
Thanks to all those peoples who is caring to share...
Hope this forum can be one of the best source of help for my learning curve...
Hi All,
I've been dabbling in futures for a few years but just became serious in 2016.
Concentrating on ZB 30 year t-bonds. I figure with a single focus it will be easier to become proficient.
I would like to quit my day job in the next year or two so I am serious about learning.
Look forward to the interaction here.
Regards
Medium Size Mike