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If you haven't made it yet, what makes you think you will? 212 replies

How long do you hold a trade and are you profitable? 22 replies

How long you been at this?

  • #41
  • Jun 15, 2007 2:00am Jun 15, 2007 2:00am
Quoting Mr Trend
Horde suck. Go alliance...

My lvl 71 dwarf warrior pwnz you n00bs in the AH... h0h0h0.
ORLY?

I did lol in RL
  • #42
  • Jun 15, 2007 5:10am Jun 15, 2007 5:10am
I started with demo account about 10 month ago I lost each time about 20,000$ something like 3-4 times and didn’t really understand what I am doing I didn’t really understand witch news making it move up or down J sounds funny so I started to pay close attention to my country currency and look the news and read Avery day then I understand it and I then I could understand all the currencies
My last demo account that I started with 20,000$ is now have 65,000$
I think I just had good luck but anyway I keep on reading and learning every day
And I feel I really understand everything very well
But I am not planning to start real account soon; I understand that you need to learn from the demo 2-4 years
I am now 22 years then when I will be 25 I will start real trading J
  • #43
  • Jun 15, 2007 5:46am Jun 15, 2007 5:46am
I started trading stocks back when I was 16 with my grandfather. He taught me some things and really hooked my intrest in them. After about 3 years trading stocks... or trying to with limited success, I was getting frustrated with the small returns. I was reading "Market Wizards" and learned of a 24/7 market with high leverage. that is how i learned of the Forex market. So at 19 I startedd doing some research on it and began Demo trading. But of course that wasnt good enough, I wanted to try the real thing.... So since then I have been trading small accounts of about $100-500. I have blown them all with some times of very promising success.... running my $500 account to $5000 from time to time but then Id always find a way to blow it within a month.... So now Im 22 and for the last 2 months I have been doing quite well, though this may just be one of my peaks that I end up blowing in a month or two. However it seems that I may actually have some sort of a handle on it this time, seems my problem to this point has not been my knowledge of the market but my lack of respect for it and what it can do to me...... We shall see..... Now, back to trading ;o)
  • #44
  • Jun 15, 2007 7:20am Jun 15, 2007 7:20am
My father was an executive for UPS and I had a crap load of stock that tripled overnight in price when they finally went public in 1999. A few years later, my trading adventure began (Oct 2002), when I leveraged the stock's value to sell naked puts (stock options). After a few months, I noticed that I was making more money than at my $50k/yr. job, so I quit. Several months later, I tried scalping the e-mini S&P 500 with little success, and continued to dabble in futures for about a year. Then I got interested in FOREX, opened a small account ($1000) with Oanda, and been making a few trades here and there since then.

Still make money from writing stock options, but it's usually around just enough to get by, as rough months in the market, or picking the one stock that crashes becomes a huge problem. I admit that I spend way to much time trying to come up with systems than actually trading, and it's about time that I need to "sh*t or get off the pot."
  • #45
  • Jun 15, 2007 7:22am Jun 15, 2007 7:22am
Quoting Mr Trend
Horde suck. Go alliance...

My lvl 71 dwarf warrior pwnz you n00bs in the AH... h0h0h0.
/ooc DING!

Oh crap, wrong game!
  • #46
  • Jun 15, 2007 7:26am Jun 15, 2007 7:26am
Since Februrary this year and loving it. I also just quit my 30k/year job. Why work when you can make 10 times as much in your sleep trading forex?
  • #47
  • Jun 15, 2007 8:16am Jun 15, 2007 8:16am
Quoting roslan1984
I understand that you need to learn from the demo 2-4 years

You might want to switch over to a micro account after a few months of demoing, just so you can start to get a handle on the emotions evolved with trading real money. You can even go as low as 1 cent a pip.
  • #48
  • Jun 15, 2007 8:45am Jun 15, 2007 8:45am
I skipped college and went to work at the CME instead. At 18 I didn’t know the difference between stocks and futures. I took all of the classes the CME offers and started to learn the basics of the futures market. The class that really got me going was the technical analysis class. At 19 (almost 20) I started trading e-mini s+p before it was the in thing. I had a support and resistance system that used the morning gap as a buy/sell indicator. I also had an interesting mini nasdaq/mini s+p spread system that worked well.

I started trading Forex in Oct 2004 after reading a special Futures magazine edition that was dedicated to the Forex market. I had many demo accounts before I got started and I got slaughtered with most of them. I decided to focus on 1 market the EUR/USD. After awhile I found a system that worked well. I started trading it live and I have made a nice chunk of change. The big problem was that my orders needed to be entered while I was in bed. SO, I bought C# for dummies and I started designing my system for automation using API. To make my life a little easier I recently opened an account with Trade Station for Euro Fx futures and back testing. I still trade this system and I have a few more. Sorry for the novel.

To answer your question I have been trading futures for 10 years, Forex for almost 3 years and futures options for 3 months. 19+10 makes me 29.

Good luck to all
Mike
  • #49
  • Jun 15, 2007 9:46am Jun 15, 2007 9:46am
Quoting mikehabit
I started trading Forex in Oct 2004 after reading a special Futures magazine edition that was dedicated to the Forex market.
Y'know, I think it was that same exact same issue of Futures magazine that got me interested in FOREX. I probably still have it around somewhere.
  • #50
  • Jun 15, 2007 12:44pm Jun 15, 2007 12:44pm
Discovered forex in March 06 after some guy told me he was making $500 a day. Didn't know what forex was but the money sounded good

Stumbled across FF in May 06 and soon after joined the PF. I demoed for quite sometime and finally went live last February.

Not quite making the $500 a day that inspired me to get started but every day I get a little closer. The equity curve is headed up so I must be doing something right.

I still work a full time job but I trade off a daily chart so even if I went full time my trades probably wouldn't be any different.
  • #51
  • Jun 15, 2007 1:53pm Jun 15, 2007 1:53pm
Quoting willf
I still work a full time job...........
You actually have a job??????
  • #52
  • Jun 15, 2007 2:03pm Jun 15, 2007 2:03pm
I started trading in Feb 2007 and am 21 years old.
  • #53
  • Jun 15, 2007 2:41pm Jun 15, 2007 2:41pm
Quoting BeachBum
You actually have a job??????
Yes, you sound surprised?

I am a manager for an electrical wholesaler. Boring stuff but money is ok.

Hopefully in the near future I will be leaving to start a property development company for myself.
  • #54
  • Jun 15, 2007 2:51pm Jun 15, 2007 2:51pm
Quoting willf
Yes, you sound surprised?

I am a manager for an electrical wholesaler. Boring stuff but money is ok.

Hopefully in the near future I will be leaving to start a property development company for myself.
Not surprised because you take trading seriously as evidenced by your posting here at FF (just pulling your leg about the job!) And you are a very savvy trader! All the best with the new venture, especially if it allows more time for Forex (backtesting only, Daily charts only, no back-sliding to 5 minute charts...... )

Edit: OK......you can use 4 hour charts occasionally!
  • #55
  • Jun 15, 2007 2:51pm Jun 15, 2007 2:51pm
been trading 4X for a little over a year and a half. I loved it from the first time the bug bit me. I went to a You Know What Made Easy. That's how I got the 4X bug. Well, it wasn't easy.

Every month since the beginning as been a losing month up until March of 07. Been profitable beyond my expectations for these last 4 months. I finally found the Ho........... Oh, I can't say. I'm so tired of hearing that phrase. I would say that have finally learned to trade Forex and not Wholly Fail.

Good luck,
  • #56
  • Jun 15, 2007 3:07pm Jun 15, 2007 3:07pm
I started out trading stocks and got into forex a little while later after reading about it in a book. Losing month after month for almost 2 yrs with a live account I went back to a demo and started trading longer time frames. Since then I have been doing very well.

Have a great weekend everyone
  • #57
  • Jun 15, 2007 3:09pm Jun 15, 2007 3:09pm
Quoting BeachBum
Not surprised because you take trading seriously as evidenced by your posting here at FF (just pulling your leg about the job!) And you are a very savvy trader! All the best with the new venture, especially if it allows more time for Forex (backtesting only, Daily charts only, no back-sliding to 5 minute charts...... )

Edit: OK......you can use 4 hour charts occasionally!
I must admit I am a bit of a workaholic. My day job takes up most of my time (7.30am - 5.30pm) then I am back home reading charts, backtesting etc. sometimes until the wee hours of the morning. It's not unusual to find me on FF at 1.30 in the morning. The weekends are a drag, no trading and it's quiet here on FF too.

But forex is my real passion. Selling electrical products is easy and buyers are everywhere. But when you put a trade together and it goes your way it's a real buzz.

Jeez, perhaps I need to get out more
  • #58
  • Jun 15, 2007 3:25pm Jun 15, 2007 3:25pm
I demo traded for 1 year. I'm in the middle of the my 2nd year of live trading. The first year was rough and the second year has been great so far. I am determined to protect my capital at all cost ...

Happy Trading ....
If it is not broken, fix it until it is!
  • #59
  • Jun 15, 2007 5:15pm Jun 15, 2007 5:15pm
Wow I wake up and not only did the GY and EY make me money while I slept but this thread took off.

It's interesting so see that we got into it in a very similar way.

Now I am off to cure my trading weekend itch with some fishing and BBQ.

You fella's have a good one
  • #60
  • Jun 15, 2007 5:28pm Jun 15, 2007 5:28pm
Quoting bluebuddha
My father was an executive for UPS and I had a crap load of stock that tripled overnight in price when they finally went public in 1999. A few years later, my trading adventure began (Oct 2002), when I leveraged the stock's value to sell naked puts (stock options). After a few months, I noticed that I was making more money than at my $50k/yr. job, so I quit. Several months later, I tried scalping the e-mini S&P 500 with little success, and continued to dabble in futures for about a year. Then I got interested in FOREX, opened a small account ($1000) with Oanda, and been making a few trades here and there since then.

Still make money from writing stock options, but it's usually around just enough to get by, as rough months in the market, or picking the one stock that crashes becomes a huge problem. I admit that I spend way to much time trying to come up with systems than actually trading, and it's about time that I need to "sh*t or get off the pot."
Have you considered writing options on forex?
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