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Hi everyone! I am new to Futures.io, and looking forward to interacting with some like-minded traders. I have been trading since 2009, and I use a combination of Elliott Wave and trend following techniques. Wave C is my best friend! I day-trade crude oil futures via CL and QM, but I also occasionally trade GC, MGC, ES, and MES. I trade from about 4am to 8:30am PST. I use the hourly chart to identify big setups, and then use 3 tick-based charts simultaneously for my entries and targets (like 200/500/1500 for CL).
Looking forward to sharing ideas and learning from the group.
Hey Brad, it looks like you and I are around the same point on the path. I am a mechanical consulting engineer nearing retirement age but just wanting to slow down on engineering and keep the lights on. I dabbled for many years but didn't get serious until about 5 months ago. It seems to me the people making the big money in this business are the ones selling "ed-u-ma-cation" to folks like you and me. This forum seems to be one of the best values and a great help all along the way. All the best to you, brother! --Jeff
Hey, I like your saying -- a more profound way of saying no pain, no gain.
As to past careers and discipline, I think you are onto something and I am trying to find a balance in those aspects. It seems to me at some point, I need to stop buying more tools and start building this thing with the tools I have. And we can apply our experience and knowledge to getting on the right path.
Hey treehousetrader, I am just down the road and across the river from you. The Northwest USA contingent is growing. It looks like you are above the water line on this boat -- good for you. Welcome! --Jeff
Hi guys! I live in the Philippines and I would like to day trade. As far as I know, day trading in my country is very difficult due to a relatively low volume and underdeveloped trading systems (shorting cannot be done, a stop loss cannot be set, only limit orders can be placed).
Are there any Filipinos here who are actively trading the PSE or the foreign markets? If so, please reach out to me. I really would like some mentoring, even for a fee..
Thanks in advance.
Did the pennystock thing a few years ago, made a decent amount of money, but hated the emotional swings of discretionary trading (huge stress in the morning). It felt like gambling and frankly, if I'm going to flip coins might as well go to the casino and get "free" drinks while I'm at it. Took my winnings and had a nice christmas, and kept my market interests on the back burner.
I'm a software dev, I read Flash Boys and of course, that got me thinking about retail algotrading. Picked up some books, decided I wanted to start looking at Futures. So I picked up a few Larry Williams books and have now supplemented with Davey and others for the algo/analysis side of things. I'm hoping to finally get serious again next year, but right now am in Information Hoovering mode.
Glad to meet you all and hope to be a productive member of the community.
I have been involved in with the markets and trading for about four years. I have read several books about trading, and I am most interested in futures and options. During this time I have mostly done paper trading of futures. I actively trade options live in some relatively small accounts (I am a fan of TastyTrade and their methods). I have enjoyed seeing success with these accounts.
I have done three combines with TopStepTrader (did not pass, but did improve) and I have come to realize I need a better plan and/or more practice. I like the pressure a combine puts on you, it's not quite paper trading (because what you paid for it is at risk), but not quite your own account capital at risk.
What has really got me fascinated with futures for the past year or so is using order flow methods to trade in and out of the market. I have learned a few methods on understanding the DOM and market/volume profile. I really want to know how successful proprietary traders do it.
I'm currently working on getting the Jigsaw daytradr platform & setting it up to use.
I am currently still in college, studying computer networking & security (....could end up being a network admin, but I would prefer full-time trading ).
Some of my top favorite books I have read, still reading or re-reading about trading:
Trading in the Zone by Mark Douglas
Mind Over Markets by James Dalton, Eric Jones, Robert, Dalton
An End to the Bull by Gary Norden
Trend Following by Michael Covel
Option Volatility & Pricing by Sheldon Natenberg
The Option Trader's Hedge Fund by Dennis Chen, Mark Sebastian
I just joined elite membership, I really think this site has incredible, useful content. I want to help support it and use some of the included benefits.
I know the Tasty folks get considerable flak on Youtube and elsewhere (mainly because they are brokers with TastyWorks). But, their research and education just makes sense to me. It is nice to hear a comment about them like that.