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I'm Edwin, IT guy


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I'm Edwin, IT guy

  #1 (permalink)
edwinsoho
New York
 
Posts: 6 since Mar 2013
Thanks Given: 3
Thanks Received: 1

Hi I'm Edwin, working as Software Engineer in a Financial Institution. I've been trading over 3 years and I am not good

Among profit and losses I net a loss of over 15,000

I do need help, and I've been browsing this forum and I find this great


Ed

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  #3 (permalink)
 
whatnext's Avatar
 whatnext 
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
Posts: 230 since Mar 2011
Thanks Given: 338
Thanks Received: 81


I would try to reach out to the traders with good track records through your job. Often it's a "I scratch your back you scratch mine" type of friendly arrangement. Maybe your IT knowledge and personal help is leverage enough alone for some of them.

futures.io (formerly BMT) can be very helpful in addressing specific issues and helping you mesh out stuff in your own mind by writing it down - but reading it will not make you a winning trader.

Review your past trades to see what worked and didn't. If it makes you feel better 15K in the red isn't that bad over all for 3 years if you aren't successful.

Look at the larger charts (day, week, even month) if you use charts - stockcharts.com is great. They can provide context for the 360/240 minute and 60/30 min charts from your trading software. There are some intra-day beasts that use 20/15 min charts (even 10 min on currencies) as the primary info to base trades off of - but bro its rare and going lower is almost always disastrous.

The ETF's or ETN's (up to 66% margin i.e. 2.5x leverage) of the future contract may better suit you. You may very well make more money % wise trading stock on margin.

"Be right and sit tight." - Jesse Livermore
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  #4 (permalink)
edwinsoho
New York
 
Posts: 6 since Mar 2013
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Thanks for your reply

wow! I didn't know stockcharts.com, it looks awesome, I usually base my trades on google finance historical stock prices

Ed

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  #5 (permalink)
 
whatnext's Avatar
 whatnext 
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
Posts: 230 since Mar 2011
Thanks Given: 338
Thanks Received: 81

Here's a list of the futures symbols. Site Search - Support - StockCharts.com

$wtic is crude
$xeu euro
$corn
$silver
$gold

This thread is a good one


"Be right and sit tight." - Jesse Livermore
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Last Updated on March 7, 2013


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