Sticky I'm New To T2W - Where Do I Start?

[Maxtoday]

Hey Guys, I just recently came upon this thread.

Im currently 21 yrs old but been trading off and on since I was 16. Recently I have realised I have so much free time (a couple of hours of the day) and I want to fill it up with trading again. I mainly go for monthly trades but whenever I see an opportunity for swings. I take it.

Im here to study other people's styles, information and grow more into the world of trading.

 

[hamishparsons]

hey guys is it really hard to start trading or no?

 

[Steiner]

hey guys is it really hard to start trading or no?

To start ... easy, I would say.

 

[Steiner]

I'm Steiner. I make games for people to know what trading feels like.

I've traded in the pits on the NY MERC and I was a specialist on the American Stock Exchange -- I only know how to trade options.

 

[higreghi]

Hi, I'm new but have done a little trading following a "guru" who was good at one thing, getting me into bad trades and burning through all of my money. I kept thinking it has to turn around and get better. So I'm willing to start over from scratch and go one step at a time. I'm from LA and am glad to be here. Greg Johnson

 

[forexbomb]

hello im forexbomb trader since 2011 and crypto from 2020

 

[zillionfx]

Hello, i'm a trader since 2013, been profitable for 7 years.

 

[EnigmaAlgo]

hey guys is it really hard to start trading or no?

It is not hard to start trading. You just need to put the time and effort in it to learn how to read the market. How fast you learn depends per person. You also need to learn from the right sources. I recommend ICT concepts. He will teach you how to trade like the algoritm. Cheers

 

[EnigmaAlgo]

Hello, i am a trader for 7 years. I am only trading forex. I prefer to trade gbp-usd but casually I trade eur-usd and gbp-jpy. I trade according to the rules of the algoritm. The strategies i use are based on this. If you have questions, feel free to ask.

 

[charles2]

Pick a pair and a time frame , and watch the ebbs and flows of the chart .the waves high and lows. after 1-200 hours you
should start to see patterns (pattern recognition) that's if your concentrating.

Then and only then add a predictive indicator (not lagging)


( Its the place to start )

I know ,because that is where I started.

 

[skychemist5]

Hi ... just checking out the forum. Hoping to find some engaging discussions around stocks, options, and algo trading.

 

[WallStFoxy]

Hi, I'm WallStFoxy, I trade the Nasdaq but follow other assets like WTI, EUR/USD, Dax and of course S&P 500 & Dow Jones. I use ProRealTime charts and love them. So any ideas on the best thread?

 

[tomorton]

Hi, I'm WallStFoxy, I trade the Nasdaq but follow other assets like WTI, EUR/USD, Dax and of course S&P 500 & Dow Jones. I use ProRealTime charts and love them. So any ideas on the best thread?

Hi - I haven't traded the Nasdaq for a long time and even way back then I never daytraded it. But I am currently using it for opening range breakouts.

So far so good, and recent intraday chart history suggests this should work as well as anything else. Is this something you include as a Nasdaq strategy?

 

[WallStFoxy]

Hi - I haven't traded the Nasdaq for a long time and even way back then I never daytraded it. But I am currently using it for opening range breakouts.

So far so good, and recent intraday chart history suggests this should work as well as anything else. Is this something you include as a Nasdaq strategy?

I use a strategy I call smart trading, basically a series of moving averages to define trends but yes breakouts are used to a degree and time of day.

 

[tomorton]

Sounds like a classic approach. Nothing wrong with that.

 

[WallStFoxy]

Sounds like a classic approach. Nothing wrong with that.

Why did you stop trading the Nasdaq?

 

[tomorton]

Why did you stop trading the Nasdaq?

Mainly I got into trading forex on the D1 time-frame and found that using my D1 strategies on the Nasdaq, the entry to stop-loss distance was just going to be so great on the Nasdaq that the risk would always exceed my very small capital risk limit. It was perhaps just the broker I was using - they would not permit very small position sizes on the Nasdaq. I'm with a new broker now anyway and so it's an opportunity for trying different approaches.

 

[WallStFoxy]

Mainly I got into trading forex on the D1 time-frame and found that using my D1 strategies on the Nasdaq, the entry to stop-loss distance was just going to be so great on the Nasdaq that the risk would always exceed my very small capital risk limit. It was perhaps just the broker I was using - they would not permit very small position sizes on the Nasdaq. I'm with a new broker now anyway and so it's an opportunity for trying different approaches.

I understand what you're saying, it took me years to find the answer. It looks so easy on D1 to buy and hold or sell and hold for months sometimes but when you do things change and with D1 the risk is so high. I've said to many people that you can't place short-term trades on long-term charts over the years.
D1 analysis is fine but for trading, I use nothing longer than M30 with a splash of M5 and M1

 

[TradingCourses]

Hello this is my first post here. This place looks awesome. Thank you guys.

 

[WallStFoxy]

Hello this is my first post here. This place looks awesome. Thank you guys.

Hi, I'm also new here. I've started a thread in index futures for anyone who wants to chat about trading futures, I hope to see you there.