NexusFi: Find Your Edge


Home Menu

 





new to big mikes


Discussion in Traders Hideout

Updated
    1. trending_up 1,496 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 toddp 
springfield ,mass/usa
 
Experience: Intermediate
Platform: ninjatrader
Trading: es
Posts: 1 since Jan 2014
Thanks Given: 0
Thanks Received: 0

hi to all on bmt,i am new to this forum and have dove in to many of its videos.i have been trading for almost 2 years(futures)....use the map5 indicaters(e mini academy)there charting is excellent and education...some of there trades work and others dont.i have learned to keep things simple...i trade price action ,support and resistance,using there charts and i also enter trades based apon there indicaters but not always.i just a few weeks ago hooked up with peter davies and his jigsaw trading order book indicaters....i have listened to many of peters videos and i am learning the order book.i believe in consentrating on just a few simple things....i follow the es and ym mainly...i mostly trade the ym.i enter even # of contracts sell half when it starts going my way and other half when it feels rite or when my trailing stop gets hit...dont get GREEDY set a realistic weekly profit target,based upon the #of contracts traded(example,2 contracts 500.00 a week)when you hit your weekly target play defence if you want to keep trading.i have a max trade limit of 4 trades each day(the more you trade the more you loose)2 stop outs in a row OUT FOR THE DAY...must be rigid with your rules...by being rigid with keeping the 2 stop out in a row rule you will not have a blow out day(no revenge tilt for me)my stop is 15 to 20 ticks on the ym and about 10 ticks on the es.i have been through it all like most on this forum....i have studed trading in the zone,mental game of poker and four biggest mistakes futures traders make...simple simple simple...throw out you big fancy indicators,they all lag....PRICE ACTION IS THE ONLY INDICATOR THAT DOES NOT LIE and the order book(jigsaw trading).support and resistance and many times the feel of the market.every minute in the market is unique,like a snow flake....sure there is many more details i have not talked about...passion is the one tool you will need...if you dont have passion you will most likely fail....i have owned a collision auto body shop for 28 years and it took years to get really good at what i do,trading is no different.slow and steady with many walls in the way that you have to get over...good luck to all ,hope this gives poeple a angle to trading success.todd


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
CME Launches Bitcoin Volatility Futures June 1 -- First …
Cryptocurrency
Kalshi Sets $4.13B All-Time Weekly Record as Polymarket …
Prediction Markets & Event Contracts
More Than Capable: Hegseths War Warning Validates $114M …
Prediction Markets & Event Contracts
The June 15 Resolution Trap: Irans Agreed Text Still Pri …
Prediction Markets & Event Contracts
Trump Truth Social Fires Hormuz From 10% to 59% -- Arsen …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
NexusFi site changelog and issues/problem reporting
15 thanks
Darmok and Jalad at Tanagra
3 thanks
Big Mike in Ecuador
1 thanks
30 Sessions
1 thanks
  #3 (permalink)
Inversehelix
Somerville, MA USA
 
Posts: 12 since Mar 2013
Thanks Given: 0
Thanks Received: 10


Welcome Todd, nice to see another trader in my general area of the world.


Reply With Quote




Last Updated on January 31, 2014


© 2026 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 - Downloads - Top
no new posts