I shorted at 49 and was looking for 44 to get tested
I can really see if a person is patient how this method could work very well, lots of singles to be taken. Harold will your webinar be available to view after Sunday? Have family obligations all day and was hoping to watch a recording
- #586
- Feb 22, 2017 10:41pm Feb 22, 2017 10:41pm
{quote} Honestly, if you can't afford or see the value in $20/month for Sierra, you shouldn't be trading, let alone futures. Cheap platform in comparison to anything out there, and does just as much if not more. You should have seen what I paid for software in the late 90's...lol. Treat trading like a business and you will be on your way, potentially. Treat it like a hobby...and well, good luck. Look at all the people on this forum, utilizing free, crappy software, playing for pennies with dreams of making millions. It's not going to happen. Invest...
Thanks for the input. Once I go live, that's the time that I would avail of Sierra's charting services. But as of now, I prefer demo trading without incurring any costs, hence the reason for my previous statement.
But yeah, you're right, treating trading like a business is definitely the right attitude. In your opinion -- is Sierra the best plaform in the market now?
Thanks and kind regards,
David
edit: I second the motion, H. Perhaps we can watch a recording if ever.
- #587
- Edited 8:15am Feb 23, 2017 8:05am | Edited 8:15am
{quote} The first question is : do you really want to make $3m / year ? I mean, great idea etc, but is it worth it ? And if you do via trading, you need to work towards instruments with much larger liquidity, SP500 eminis or bonds / large cap stock options / EURUSD cash fx, etc. Having once co-founded & run a successful small business, for me there is one serious negative issue with trading (which many seem to think is a positive) : there is no product or service, only money. Very limited human interaction, product satisfaction, customer service,...
Don't really know if i want to make 3M/year and probably exactly that's why I don't
3M is arbitary number, could be 2, 5, 15 or 75M. Point being that it really is not easy and it shouldn't be. Kudos to everyone that has made it! Probably "easier" way to make really big bucks is having a really good business/company. Making a nice living, is definitely possible with trading. Let's just not talk about Soros and Simonson -level those guys are one in a 100-500 million people.Anyway, I actually have sold one small business at one point and having currently some stake in few others. Though, I can't go to retirement mode yet and that's why trading inspires me greatly as a good source of income. For sure I'd like to trade my current work to 1 hour trading per 4 days a week a la H and could spend more time with the most important people in my life. Actually I don't miss at all any product or service -related issues you raised in running a company
Sure, it can be, if I succeed at the level I'd like in trading, I'd do some kind of consultancy or charitable work to have now and then some human interaction business moments.So what's the thing: As said achieved consistent mode has been a really long road and at the moment, money coming from trading still is not so considerable, at least I don't feel it that way, that I could quit my work and just rely on trading. Sure I have a plan to raise lot's, but it takes time, when doing it carefully.
I have realized that my psychology is such that I need good safety buffer for my family and me, if for example situation arises where I couldn't continue trading and would rely on my savings. That's why my aim is to make around 3-4 times my current net for few years before I'd feel safe to just rely on that income. Current job is too lucrative to quit and maybe it holds me back a bit tradingwise, don't know. Yes, I am very conservative moneywise.
Some more adventurous minds would have jump to 100% trading after few good months and maybe some of those can go really long, but if s**t hits the fan, it could alter their performance. I if have learned something, it's that relaxed mind trades best. Just ask the great vaping H!
To summarize: For sure, In the future I'd very much would like that majority of my income comes from trading with as little time invested as possible. Money one needs per month is dfferent for anyone, depending on lifesituation, contry and some other factors.
- #589
- Feb 23, 2017 8:57am Feb 23, 2017 8:57am
{quote} Hi Qwerty, Thanks for the input. Once I go live, that's the time that I would avail of Sierra's charting services. But as of now, I prefer demo trading without incurring any costs, hence the reason for my previous statement. But yeah, you're right, treating trading like a business is definitely the right attitude. In your opinion -- is Sierra the best plaform in the market now? Thanks and kind regards, David edit: I second the motion, H. Perhaps we can watch a recording if ever.
Best of luck
- #590
- Feb 23, 2017 9:36am Feb 23, 2017 9:36am
- | Joined Feb 2006 | Status: Trader | 1,392 Posts
If you are member of the Elite Section of futures.io, you'll see that there are some very good traders using NinjaTrader... & you can sign up in SIM mode for free (directly with NinjaTrader)...
As for today : one of those big swinging sessions when I always feel like all I have to do is "free my mind"... but of course I did nothing of the sort for my +22 + 4 -8... still that's an 80% improvement on my regular 10 tick day
... it just feels like it could have been a 100 tick day...
Btw, if you can't see my trades : I am deliberately using a slightly different volume count to H : I don't want my orders the same place as the rest of you ... lol (but seriously).
As for today : one of those big swinging sessions when I always feel like all I have to do is "free my mind"... but of course I did nothing of the sort for my +22 + 4 -8... still that's an 80% improvement on my regular 10 tick day
... it just feels like it could have been a 100 tick day...Btw, if you can't see my trades : I am deliberately using a slightly different volume count to H : I don't want my orders the same place as the rest of you ... lol (but seriously).
- #592
- Feb 23, 2017 9:44am Feb 23, 2017 9:44am
- | Joined Nov 2012 | Status: Trader | 3,121 Posts
couldn't get hold of the slide today:
Become the casino
- #596
- Edited 11:39am Feb 23, 2017 11:18am | Edited 11:39am
- | Joined Mar 2009 | Status: LoveBee | 109 Posts
Hi Guys,
Had my 1st session today trading Vape's method, missed the big sell off but still managed to make +11, which I am happy with. I am not a big fan of demo trading so don't plan on spending too long trading this way, hope to move over fairly quickly to live.
Was a big shock to the system moving from trading the HTF's with loads of indi's to scalping a blank chart.
Here is the screen shot of the 2 trades a took.
I hesitated taking the 1st trade but decided, in the end, there was a good enough break of the resistance area and it looked good enough. is it a valid setup?
Thanks Vape for all your effort, it truly is most appreciated.
Take Care
ww
Had my 1st session today trading Vape's method, missed the big sell off but still managed to make +11, which I am happy with. I am not a big fan of demo trading so don't plan on spending too long trading this way, hope to move over fairly quickly to live.
Was a big shock to the system moving from trading the HTF's with loads of indi's to scalping a blank chart.
Here is the screen shot of the 2 trades a took.
I hesitated taking the 1st trade but decided, in the end, there was a good enough break of the resistance area and it looked good enough. is it a valid setup?
Thanks Vape for all your effort, it truly is most appreciated.
Take Care
ww
'May God guide you on your life's journey...'
{quote} Yes, H took that one, in his vid.
'May God guide you on your life's journey...'
- #599
- Feb 23, 2017 12:09pm Feb 23, 2017 12:09pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future