Hello, my name is Christopher, I'm 20 years old. My experience is very novice. I began paper trading at the beginning of the year. Mostly equities, but I've had my feet wet in futures and forex as well. I just began trading for a prop firm in Chicago and I'd like a place to record my progress and receive comments from other fellow traders.
I never had a formal education in Finance. I went to school for nursing but I've been a freelancer in web/app development since I was 16. I watched maybe 10 minutes of an Al Brooks video on YouTube and a Bob Iaccino webinar on location and volume. Everything else so far has been trial and error. I've shadowed a retail trader who's been successful, as well as a retired Merrill Lynch trader, asking questions along the way. I'm confident in my abilities but I still feel I have plenty to learn.
I started at TowerHillTrading in August 2014. TowerHillTrading is a no capital required "recruitment" firm free for anybody to join. They start you off with $2,000 in buying power and 5 share limit per stock. Every two weeks if you are profitable at least 5 of the 10 days and are overall NET profitable, you get a x2 bump to 10 share $4k BP, 20 share $8K BP, etc. It goes all the way up to 3,000 shares and $500k buying power. They evaluate you for 6 months I believe. After that, they sponsor you for your Series 56 and move you over to Great Point Capital managing $10MM. Current profit share is 80%. I started trading live August 11, 2014 and I've already received one bump. My goal is to reach 1,000 shares which is what I've been trading for almost a year in paper money. However, making it all the way to Great Point Capital would be a dream come true.
My setup involves a 20, 50, and 200 period EMA, 20 period StochRSI, and a custom VolumeStrengthAnalysis indicator I found. I trade the same stocks. I don't get involved in market movers or earnings plays. I usually watch 5-10 stocks. Recently, I've been actively trading AAPL, AMZN, GOOG, NFLX, TNA, and TSLA. I watch 133 tick, 1 minute, 5 minute, 15 minute, 30 minute, and 1 hour time frames. I like to find a trend that pulls back and bounces off an EMA. I wait for the RSI to bottom out to confirm. I also use the VSA for extra confirmation when it gives off a signal. My exit is when the RSI tops out, it meets a level of resistance/another EMA, or the VSA gives me a bearish/weakness signal. For higher spread symbols like TSLA, I tend to trade off the 15 and 30 minute charts, using 5 minute for entry. For smaller spread symbols like AAPL, I will scalp valleys and peaks on 133tick and 1 minute charts. Occasionally, I'll play small sizes in closing imbalances for fun.
I hope to use this thread to record each individual trade I make, why I entered, why I exited, etc. to look back on in the future. I hope others enjoy following along for the next few months.
I never had a formal education in Finance. I went to school for nursing but I've been a freelancer in web/app development since I was 16. I watched maybe 10 minutes of an Al Brooks video on YouTube and a Bob Iaccino webinar on location and volume. Everything else so far has been trial and error. I've shadowed a retail trader who's been successful, as well as a retired Merrill Lynch trader, asking questions along the way. I'm confident in my abilities but I still feel I have plenty to learn.
I started at TowerHillTrading in August 2014. TowerHillTrading is a no capital required "recruitment" firm free for anybody to join. They start you off with $2,000 in buying power and 5 share limit per stock. Every two weeks if you are profitable at least 5 of the 10 days and are overall NET profitable, you get a x2 bump to 10 share $4k BP, 20 share $8K BP, etc. It goes all the way up to 3,000 shares and $500k buying power. They evaluate you for 6 months I believe. After that, they sponsor you for your Series 56 and move you over to Great Point Capital managing $10MM. Current profit share is 80%. I started trading live August 11, 2014 and I've already received one bump. My goal is to reach 1,000 shares which is what I've been trading for almost a year in paper money. However, making it all the way to Great Point Capital would be a dream come true.
My setup involves a 20, 50, and 200 period EMA, 20 period StochRSI, and a custom VolumeStrengthAnalysis indicator I found. I trade the same stocks. I don't get involved in market movers or earnings plays. I usually watch 5-10 stocks. Recently, I've been actively trading AAPL, AMZN, GOOG, NFLX, TNA, and TSLA. I watch 133 tick, 1 minute, 5 minute, 15 minute, 30 minute, and 1 hour time frames. I like to find a trend that pulls back and bounces off an EMA. I wait for the RSI to bottom out to confirm. I also use the VSA for extra confirmation when it gives off a signal. My exit is when the RSI tops out, it meets a level of resistance/another EMA, or the VSA gives me a bearish/weakness signal. For higher spread symbols like TSLA, I tend to trade off the 15 and 30 minute charts, using 5 minute for entry. For smaller spread symbols like AAPL, I will scalp valleys and peaks on 133tick and 1 minute charts. Occasionally, I'll play small sizes in closing imbalances for fun.
I hope to use this thread to record each individual trade I make, why I entered, why I exited, etc. to look back on in the future. I hope others enjoy following along for the next few months.
