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trading4life

Introduce Yourself Here - Don't Be Shy!!

By trading4life, in Beginners Forum

Which products do you/do you intend to trade mainly?  

314 members have voted

  1. 1. Which products do you/do you intend to trade mainly?

    • Agriculture
      46
    • Energy
      95
    • Equities
      197
    • Equity Index
      138
    • FX
      234
    • Interest Rate
      39
    • Metals
      100
    • Other
      79

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Minis Trader    10

Minis Trader
Posted

As mentioned get to know your platform. I have a buddy that trades equities and wanted me to show him how I trade the eminis. He papertraded for 2 days before putting real money into a trade. On one of his first trades he sold (Instead of bought) 30 contracts of the YM (Instead of 3). Lost 14k before he knew what happened.

 

Know it in your sleep

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brownsfan019    17

brownsfan019
Posted
As mentioned get to know your platform. I have a buddy that trades equities and wanted me to show him how I trade the eminis. He papertraded for 2 days before putting real money into a trade. On one of his first trades he sold (Instead of bought) 30 contracts of the YM (Instead of 3). Lost 14k before he knew what happened.

 

Know it in your sleep

 

:doh:

 

Was that 2 full days of papertrading or half days?

 

Word to the wise - takes a little longer than 2 days to master any trading platform, let alone even begin to make money.

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carlo109    10

carlo109
Posted

Steve,

The Interactive Broker Trader WorkStation works just fine.

Zeroline trader is another.

Infinity Futures just released ATV3 on 11/17 and should have added functionality to their previous offering, which was excellent.

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Fredd    10

Fredd
Posted

Hello, I am new to this site. I am using Tradestation for my trading activities and I would describe my trading style as a swing trader (no day trading), but unfortunately this style results from time to time into an intermediate term, because I have I still haven't found my ideal exit methodology.

 

I like trend bars and the squeeze indicator(s) which I have found on this site.

 

Thanks for making these resources available to all of us.

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efto176    10

efto176
Posted

:offtopic:

I am trying to learn much more about the Icelandic bank takeover in August 2008 of Glitnir, Landisbanki and Kaputhing. I believe this trend will also take on an international flavor, where global organized crime will be defunded like they were in Iceland, and the United Kingdom, under anti-terrorism laws.

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raufden    10

raufden
Posted

I have been a membe of this forum for some months. I don't check in on a regular baisi, but I find alot of great ideas. I am currently testing some indicators that look good. But understand, everything works until it doesn't.

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phreddy    10

phreddy
Posted (edited)

Hi Heli.

How did you get your three before even introducing yourself?

 

I am Phreddy also from UK but on holiday inMalaysia for the next 4 months. I am using Jump Start on a demo which is not doing very well. Still it is not real money so no problem except that it is not teaching me much

Edited by Soultrader

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helitrader    10

helitrader
Posted

Hi Phreddy,

 

I've been reading through this forum for a few months now, and only recently been asked to submit at least 3 posts, so I guess this may be a new requirement. Either way, the 3 posts thing is a good idea, kind of forces you to contribute.

 

What is jump start? Haven't heard of that. I don't trade any systems at the moment, only discretionary, managing to break even.

 

Helitrader.

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phreddy    10

phreddy
Posted

Jump Start is a freebie to get you to buy another strategy. It works on 3EMA and 5EMA with MACD to confirm. Easy to apply on Metatrader 4. I just made $135.99 on £/$ 5min chart!! Brings my loss down to only £200+ Good job it is only play money.

 

When I get the hang of the trading 'paperwork' I will go live. At the moment I am too slow.

 

I wanted to up my 'take profit' but the trade stopped me out before I could do that.

 

Must keep practicing.

 

PM me your e-mail and I will send you the JS stuff.

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Thomas66    10

Thomas66
Posted

Although I have limited trading experience, the one thing I have found is that paper trading whilst good for testing strategy, is useless for finding out if you can make a profit. This advice repeated by much better traders than myself states that you simply do not know how you will perform under pressure.

 

I am learning more from operating a small account with disipline and good money management than ever I did paper trading.

 

Thomas66

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