Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Whidbey Island
Members-
Content Count
10 -
Joined
-
Last visited
Personal Information
-
First Name
TradersLaboratory.com
-
Last Name
User
-
Country
United States
Trading Information
-
Vendor
No
-
Whidbey Island started following Tape Reading and The DOM, Are There Any Traders in the Seattle Area?, Are New Traders Who Are Successful Hated ? and and 4 others
-
Are There Any Traders in the Seattle Area?
Whidbey Island replied to Whidbey Island's topic in Day Trading and Scalping
Thank you everyone for your replies, I had no idea there were so many active traders here in the Seattle area. I will look to schedule a meeting for next month so if you have read this post & have been thinking about replying come join us. -
Are New Traders Who Are Successful Hated ?
Whidbey Island replied to GlassOnion's topic in Beginners Forum
If your a new trader and successful which statement is true? 1. Another trader is teaching & mentoring you 2. You are a new trader learning on your own & successful If your new & successful however not learning from another trader I would say keep your mouth shut, get your ego in check because more than likely your a "flash in the pan" so to speak. A person with success early on without much training the odds are against you & I don't hate you because the market(s) need order flow (Thank you). I thank you because eventually you will be order flow.... :missy: -
Are There Any Traders in the Seattle Area?
Whidbey Island posted a topic in Day Trading and Scalping
I'm looking for any traders that would like to meet occasionally, I have tried a couple of the meetup groups but they were either pushing their product or people who liked to trade with precanned automated "wares". I don't care if your futures, options or stocks just so you trade.... PM if your interested -
Biggest problem in trading is trading itself... It in itself attracts people who think it should be easy. There is a reason 1% take money from the 99%.... From my experience 99% are lazy aces :crap: trading can be hard, cut throat & ruthless. Reality is why would I benefit from explaining to you what I do to take your money tomorrow to line my pocket? Good conscience? Let me give you more help than I ever received..... Please use your indicators, use trading systems curve fit to price bars & things that are easily back tested. Show everyone a chart where price touched your lines perfect & please go long the next time price sells off into your line.... I have met 100's of people you all think are guru's, if you only knew what was discussed at dinner over a bottle of booze. Most of them don't trade (Successfully anyway) but have a great marketing plan.. FYI: One individual (Who shall remain nameless because he is widely known...) said this at dinner after 1/2 bottle of wine....,"Nobody is interested in the truth, they just want the garbage that doesn't work.... so we sell it to them & why not if we don't someone else will". My advice to you put down the gimmicks, look at what the pro's are using because it does work & once you figure out that I'm right. You'll kick yourself for not doing it sooner & then your about 10,000 hrs from being a successful trader & that's if you can hold your emotions in check. If you really want this you'll get there but you really have to want it..... There's no low hanging fruit here.... No such thing as a free lunch & you get what you pay for (at least they will make you think that when they try to sell you their b.s wares)
-
I would agree.....:helloooo:
-
"thedude" I couldn't agree more....
-
Nice video's, there are clues on your dom to where you should have managed the trade, I've studied & programmed everything you can imagine, then some plus a little (for over 12 years). That being said I've traded now for 5yrs consistent. 99.9999% of what you hear & read is B.S I've rarely read a published book that yielded good info. If you take a course ask for a p/l statement SEVERAL (broker statements). Don't trust anyone peddling their wares. Look at what the "pro's" use & I'm not talking about the so called pro's that sell their bski to retail for a buck...... What inter day traders make money? Paul rotter? Cohen? Who else? How about prop houses?? How many prop houses trade interday using price & indicators only. How about prop houses that trade with only price & levels only? Do your research.... Of the hundreds of traders I've known and workshops I've attended I've witnessed 2 traders that actually made money trading from the screen at home consistently I saw their statements & watched them trade (not including prop shop traders) . I've known many who traded on the floor profitably but that's another discussion.... Learn to deal with your emotions, Risk & management because at the end of the day there are only so many things we can control / manage.. I hope this helps I don't go into forums like I used to, I now focus on my quality of life when I'm not trading or studying.
-
Analyzing price only is a retail game..... It's what's not talked about that works..... If everyone you talk to does the same your probably in the losing crowd.......99% lose...
-
Reading order flow is where it is at however few will take on the task...... You'll make many mistakes.... You'll need to learn to read the book as well as prints....If they are hitting the bid or lifting the offer great, yeah the book can flip moments notice, yeah size shows up from time to time but remember they always show what THEY want you to see..... Trading order flow isn't learning "1" thing it's learning to READ...order....flow.... understanding how things are unfolding and what is likely to happen next. It's an art one that few take the time to learn & even fewer master. How did you learn to read? I'll bet you learned vowels first or maybe pronouncing a few letters at a time then learned to put words together and little by little THEN you could read.... order flow is the same thing... You'll stare at it and pick something up then little by little you pick up more. Before you know it your seeing what's happening. Every market trades different each with their own personalities depending on who's trading it....
-
IQ feed is way better than esignal, IQ feed has better data but their platform stinks so you'll need your own to tie into it...(ie..ninjatrader), esignal has a prettier platform but their data stinks..... What is it you want to do? If your Scalping or an Intraday trader... then I like T4 or x-trader.... Longer term trades, Trade Navigator... You can learn scalping from TradeNavigator but I don't trust their stability for scalping I use X-Trader myself & have been a full time trader since 1991