Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

abielecki

Looking for a Start

Recommended Posts

Hello All,

 

Im looking for a start in trading, to see what ascpect of frequent/ "low but often" profit fits my lifestyle best.

 

I am very interested in swing trading am looking for a place/ mentor, etc to find and learn about time proven strategies/ processes and to select one that best fits my personality, financial goals and time available to dedicate to this "lifestyle" change.

 

I have been a part of many various forums (outside of the financial world) in the past and know the value of a really good one('s), in both learning and contributing.

 

Personal insight, a glance at:

people person

engineer: love data, learning, building, processes and experiencing the results.

4 great kids (2 off to college) and a great wife

love boating 50% building up electronics etc., accumulating fishing/navigation knowledge, etc and 50% running it - fishing in/off shore and the whole marina thing.

 

So as I embark on this new interest/journey, and the need to supplement my income I just want to thank in advance all those that will help me along the way, with the intent to give back at some point as well.

 

Best Regards,

Andrew

Share this post


Link to post
Share on other sites

Welcome Albiecki,,

 

I too love boating. Statrted out in the Merchant Marine, and have ownwd boats all my life. Currently have a 100 Ton Masters License.

 

I love Trading as well. Only Forex. If you have questions don't be afraid to ask.

Share this post


Link to post
Share on other sites

Mystic,

 

I didn't know you were licensed. Mine reads:

 

MASTER OF STEAM OR MOTOR VESSELS OF NOT MORE THAN 1600 GROSS REGISTERED TONS (DOMESTIC) 3000 GROSS TONS (ITC), UPON OCEANS; ALSO RADAR OBSERVER - UNLIMITED; ALSO OPERATOR OF UNINSPECTED TOWING VESSELS UPON GREAT LAKES AND INLAND WATERS

 

While currently boatless attached is a pic of my last boat while in Hawaii after a sail from San Diego.

 

Our new member seems to be of the opinion that success in trading in any time frame is merely the selection of a system and a bit of coaching.

 

I believe he should be aware of the following from another post:

 

In trading, being right is and always has been more important than being big/rich.

 

You should know, however, that barring divine intervention or spontaneous intellectual combustion, it WILL take some money, a lot of time and effort and even with years of effort your odds of ever making long term profits are greater than 20 to 1 against.

 

Few have the stamina for a trail that often includes years of disappointment and even fewer have the instinct or intellectual capacity to even have a chance at long term success.

 

There is nothing that says that you can't be one of the few. But before you embark you should consider who the very, very few are that make all the money and their level of experience and resource.

 

The competition for every dollar of trading profit is fierce. Your competition is not the posters on this or any other forum, it is the traders in high tech trading rooms and organizations like Goldman who are backed by legions of engineers, software developers, banks of servers and billions of dollars.

 

The odds of anyone spending a few months reading books and forums and practicing with a few thousand dollars worth of hardware, data and software and succeeding are way worse than 100 to 1 against.

 

 

Cheers

 

UrmaBlume

1stboat.jpg.8fcd84987f06c81e37fb0a1c06159008.jpg

Share this post


Link to post
Share on other sites
Mystic,

 

I didn't know you were licensed. Mine reads:

 

MASTER OF STEAM OR MOTOR VESSELS OF NOT MORE THAN 1600 GROSS REGISTERED TONS (DOMESTIC) 3000 GROSS TONS (ITC), UPON OCEANS; ALSO RADAR OBSERVER - UNLIMITED; ALSO OPERATOR OF UNINSPECTED TOWING VESSELS UPON GREAT LAKES AND INLAND WATERS

 

While currently boatless attached is a pic of my last boat while in Hawaii after a sail from San Diego.

 

Our new member seems to be of the opinion that success in trading in any time frame is merely the selection of a system and a bit of coaching.

 

I believe he should be aware of the following from another post:

 

 

 

UrmaBlume

 

She is a Beauty. A Ketch or a Yawl? I could never remember, something to do with the position of the aft mast in relation to the helm.

 

My ticket simply reads, Endorsements: Radar, Towing, Sail.

Share this post


Link to post
Share on other sites
She is a Beauty. A Ketch or a Yawl? I could never remember, something to do with the position of the aft mast in relation to the helm.

 

My ticket simply reads, Endorsements: Radar, Towing, Sail.

 

It's a ketch. It is not about the helm but rather the rudder post. In a yawl the mizzen is aft of the rudder post, in a ketch forward.

 

The only reason that there were so many "split rigs" in the past has to do with sail size and sail handling. Now that all but the spinnaker are on rollers the trend is towards cutters. The difference between a cutter and a sloop is that the mast is in the middle of the boat in a cutter.

 

I think the one endorsement you should be looking for is "Upon Oceans."

 

UB

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • CFDs are quite attractive to day traders who would be able to utilize leverage for trading assets that would be more costly to buy as well as sell. CFDs could be quite risky due to low industry regulation, potential lack of liquidity, as well as the requirement of maintaining an adequate margin due to leveraged losses.  
    • Demo Trading is considered to be a learning platform for obtaining knowledge about the Market Structure in Forex. But most traders make the mistake of jumping into the market thinking that they have learned a lot by just doing a Demo, which leads them to failure.
    • Date : 18th June 2021. Market Update – June 18 – The FED still dominates. Trading Leveraged Products is risky Market News Today – USD holds on to gains (USDIndex test 92.00) US Equities mixed – (USA100 +0.87% & new ATH, USA30 -0.62%). BoJ left policy unchanged and stuck to its ultra-accommodative policy setting & extended COVID funding. JPY Inflation came in better than expected to with the CORE reading turning positive (just) for the first time since April 2020. Asian shares up but closing lower for the week. Round Number Friday – EUR down to1.1900, JPY 110.00 and Cable 1.3900. 10 yr Yields 1.51% but the spreads between US Corporate debt and US Government debt is at a 10-year low¹ – and could explain the tech rally yesterday following the Hawkish FED. Gold dived to $1770 (open the week at $1875; -5.6%) trades at $1785 now. USOil Overnight – Big beat for German PPI (1.5% vs 0.7%, & 0.8% prev.) and big miss for UK Retail Sales (-1.4% vs 1.5%, & prev: 9.2%) European Open – The September 10-year Bund future is slightly lower and in cash markets Eurozone bonds are also finding some support, although the U.S. 10-year rate has lifted 0.7 bp to 1.51% overnight. Stocks traded narrowly mixed across Asia and DAX and FTSE 100 futures are also little changed, while US futures are slightly higher, led by a 0.3% rise in the NASDAQ. With growth stabilising the tide is slowly turning, although it is clear that central banks will be taking a very, very cautious approach on tapering, with policy set to remain extremely accommodative for a long time to come. It seems unlikely that the BoE will break the line when it meets next week. – Action Economics Today – Little new news today – EU Econ Ministers meeting & Fed’s Kashkari, its also Quadruple Witching Friday (Quarterly Index & Stock Options and Futures Contracts all expire – 3rd Friday of the Quarter) Biggest FX Mover @ (06:30 GMT) NZDJPY (-0.59%) turned lower again, has been under 20-day moving average since June 3 from 78.76. Breached 78.00 yesterday and 77.00 today. Faster MAs remain aligned lower, RSI 24 & OB, MACD signal line and histogram falling and significantly below 0 line. H1 ATR 0.130 Daily ATR 0.620. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 17th June 2021. Market Update – June 17 – BIG Surprise from the FOMC Dots. Market News Today – FED no rate change and $120bn bond buying to continue. BUT BIG hawkish surprise with plans for 2 x 0.25% rate rises in 2023 (13/18 votes), it had been 2024 and even 7/18 see rate rises in 2022. Statement increased 2021 growth to 7% from 6.5%, and inflation to 3.4% from 2.4% 3 months ago. “risks to the economic outlook remain“, rising inflation was “largely reflecting transitory factors”, recovery “significantly” dependent upon the next steps of the virus. We will taper when economy has reached “substantial further progress” will do what we can to “avoid a market reaction”. Next meeting July 27/28.   USD (91.43), Yields (1.57%) and the VIX (20.46) all rallied. Stocks (-0.54%), Commodities(-2.0%+), EM currencies & Oil($71.10) all sank. Biden-Putin – both talked tough and of a “constructive” first Summit. The thorny issues of Nuclear Weapons, (my arsenal is bigger than yours) Cybersecurity (leave us alone, we never touched you) Geopolitics (where you go we will follow) were all on the agenda. Overnight – Big beats for AUD Jobs (115.2 k vs 30.5K) & Unemployment (5.1% vs 5.5%) & NZD GDP (1.65% vs 0.5%) data. European Open – The September 10-year Bund future is down -63 ticks in catch up trade, while Treasuries have started to stabilise after the post-FOMC sell off. The slightly more hawkish stance at the Fed and stellar data out of Australia and New Zealand overnight seems to signal that markets need to prepare for a gradual withdrawal of stimulus. DAX and FTSE 100 futures are still down -0.3% and -0.4% respectively, US futures are also under pressure, after a largely weaker session in Asia overnight and a lower close on Wall Street. ECB’s Lane – “don’t be premature with assumptions over PEPP tapering” September meeting important but “a lot of data still to to come” before December. Today – Norges Bank, SNB and CBRT rate decisions, Eurozone CPI (final), US Weekly Claims, Philly Fed, CB Leading Index & ECB’s Elderson. Biggest Mover post FED @ (06:30 GMT) XAGUSD (-2.51%) turned lower again, ahead of FED after rejecting 27.80. Moved significantly below 27.00 to test of 26.56 in immediate aftermath, closed at 26.95. Faster MAs remain aligned lower, RSI 30.35 and testing OB zone, MACD signal line and histogram falling and significantly below 0 line. H1 ATR 0.210 Daily ATR 0.603. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • I have been corresponding with a mathematically oriented gentleman who is quite brilliant in his approach to the markets but who is very close to going off the deep end. He wrote me the following email:   "I have given the 45 degree - phenomenon a lot of thought. I pretty much would like to know how you figure out the inner workings.   "What I think is:   "(a) The route of the 45 degree cuts the Elliot 3 pivot and the 4 reverse pivot in half. The retracing swing from 3 to 4 (starting off with what looks like a congestion) is the playing field of the insiders. It quickly develops into a squeeze to the downside before the final 5th wave shoots up.   "(b) Those who know what is happening, take full advantage of the less informed by jumping on their resting orders. The key is the knowledge that the 5th wave lies ahead. Then the load of contracts could be transferred to the public's 'greed-panic.'"   While I would like to agree with what he has stated above, I'm not really sure of what he actually said: Are you? I submitted the following answer:   I know virtually nothing about how to count Elliott waves or the meaning of Elliott wave counts. I have no reason to believe in them and many reasons to believe that they are nothing more than what is stated about Elliott Waves. It is a THEORY. Personally, I want to trade based on facts and the reality of what I'm seeing. My belief that Elliott Waves are virtually worthless comes from the results others have obtained from following them. I am very familiar with these results. I know that Elliott practitioners have been dead wrong about the stock market for multiple years running. Elliott wavers missed the bull market of the 1990s. I know that many times they wrongly predicted the rise and fall of the U.S. dollar. I know that people who follow Elliott Wave Theory were wrong about gold and silver for many years, predicting rises as those metals fell to multi-year lows. It is difficult for me to understand why anyone would want to trade based on a theory when they could trade based on what is plainly seen in the markets.   Author: Joe Ross     Profits from games of knowledge: https://www.predictmag.com/      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.