Introduce Yourself Here - Don't Be Shy!!

[bonjour12121 10]

hello.

nice to meet you

good to see you

[monica88 10]

I wants to learn how to trade gold?

[bobcollett 10]

I wants to learn how to trade gold?

 

Hi monica 88

I dont usually post on this thread, but your 88 caught my attention. :missy:

8 is the luckiest number in Chinese, so you must be Chinese and double lucky:roll eyes::roll eyes:

This is NOT the place to reply to your request.

Start a new thread with the same request, or post this on "Gold , bullish or bearish"

Maybe I can help

kind regards

bobc

[TopTraders 10]

Hello everyone.

I am Larry and I have been trading for more than 10 years. I'd like to e-meet other traders to share trade ideas and market analysis.

Speak soon

[drwillaby 10]

I have been retired for 6 years and my IRA has not been doing well and has been managed by a professional money manager. I would like to take my IRA over and help it grow. I need help to make this happen. All ideas would be appreciated.

 

Thanks

Bob

[MightyMouse 12]

I have been retired for 6 years and my IRA has not been doing well and has been managed by a professional money manager. I would like to take my IRA over and help it grow. I need help to make this happen. All ideas would be appreciated.

 

Thanks

Bob

 

You are not giving enough information, and probably shouldn't in an open thread, on your particular situation to be able to answer your question. I will share with you that I do not think that putting your retirement money at risk when you are retired is a good idea at all if you need the money in the IRA to live on.

[touppie 10]

I came across this web while searching 'Volume'... so glad!

[zdo 20]

hey bob,

 

Today Winston Smith says “Everybody has won, and all must have prizes.”

Chester Field Wesson says “You are now preparing for what already happened.”

[zdo 20]

Margin Rules Changes Force New Private Funding Of Public Debt | Daniel Amerman | Safehaven.com

[zdo 20]

If you are already retired, the options I see are

> 1) ‘learn’ how to hedge your portfolio with leveraged instruments

> 2) go back to ‘work’

> 3) become a trader

 

Discussion,

Re: 1) you will find a whole ‘school’ of the ‘voice of trading’ telling you that you have very low probability of pulling that off. They are correct. However it’s my opinion you also have low probability of consistently controlling the bleeding any better than your ‘professional’ has done. So, ...

 

Re 2) this is not a recommendation “to get a regular job”!

Focus on something truly meaningful to you ( ... that also has the potential to let you ‘outrun’ the system this time around )... see Robot Check

Disclosure: I have not read this book or even his articles promoting his ideas re ‘work’ , ‘gig economy’ etc etc... However, I do read his posts re broad economy, etc. and generally respect his perspectives

... his blog today is even on point to your situation Of Two Minds - The Illusion of Safety: Index Funds Are Not Low-Risk

 

Re 3) you already got a fire in your belly for trading? If not, forget about this one. The people you’re going up against in trading want to take your funds even more viciously than the ‘system’ does...

 

Re all three) In all three of these options you will be required to ‘recreate yourself’ - of course in different ways for each - but still !!! >>> In all three of these options you will be required to ‘recreate yourself’... you will have to make significant changes and ‘grow’...

 

Keeping it real ...Not trying to discourage you...

 

I have friends and acquaintances who have tried one (or more) of these options. Got the 'blow by blow' for several of them...

One - a retired dentist - did all three (in reverse order) .

To begin with, (imo) he had started with too much new house in tiburon for retirement and lived too lavishly the first few years... and also he had been switching / shifting his portfolio to 'safety' far too early during the final years in his practice...

He enthusiastically traded for a few years . Was smart enough not to blow up. Instead he did it the slow painful way ... via way less than stellar returns( ie one acceptable year... the rest in red -8% to - 20% ranges per year. )

He next taught dentistry part time - but adjuncts get screwed plus he “got burned out on driving to the city”...

Finally he scaled back the leverage (except for the hedging) and attempted to manage his own holdings hank pruden style. Had 'acceptable' ie lackluster results... but at least he was 'back in control' (ie How do you spell 'denile'? )

 

hth

[Moleymike 10]

Thought I would say high just found this site. Looking forward to exploring studying forex for two years still haven't funded a live account!

[The Goose 10]

I am joining Traders Laboratory, because I am looking for new trading indicators and strategies that can help me do better.

[Shriyasoni 10]

Hello,

 

I very happy to able new member here.

[spooky 10]

Just a quick introduction....feel free to check out my profile if you're interested in more.

 

First, I should point out that I have damage from my first cancer (3 brain tumors) that affects both my typing (typos, mixing words---e.g., starting the next word before I'm finished with the current word), and resulting from a different tumor (2.5 cm occipital lobe), if my fingers don't detect it first, I might not see the errors. So please excuse these. it's not my spelling, it's damage from my first cancer.

 

Now, on to the real stuff. I started out investing, and was always told, during big selloffs, corrections, etc., NOT to sell anything...it'll all go back up again. Well, I quickly realized that, with my very limited investing account (forced into Social Security Disability by cancer #1---not much money, period), making nice gains (for me, that was about $1200) and then having 100% of them along with a bunch of capital, TWICE, investing wasn't the way to make enough to escape from SSD. So, around October '15 or so, I decided to switch over to trading (originally thinking of day trading, now swing trading).

 

I am still in the learning stage. My #1 issue keeping me from trading is being able to consistently pick stocks with a high percentage chance of it/them being a winner. With that in mind, I would welcome any help I can get (free---no $$ to pay for help).

 

I am volunteering with the American Cancer Society and the 2016 Fort Walton Beach Relay For Life, as a member of both the Event Leadership Team and the Survivor/Caregiver Committee. I am also a co-captain (seems there's always two of us) on the survivor team.

[jpennybags 11]

Spooky...

 

I applaud your desire to find a way out of SSD, but please understand that this is a business with an extremely high rate of failure. I can't know the full extent of your disability, but if there is any other type of employment that you would be suited for... well, I think I would place my efforts with that instead.

 

That said...

 

PM me, and we can talk further. I'm not interested in taking on a student (at any price), but if you wouldn't mind further sharing (privately) about your disability, resources, and income requirements, I may be able to make some recommendations.

 

Best of good fortune to you...

[lchunleo 10]

Hi everyone,

 

i am new to trading as have been an untrained one. i wish to learn more about trading algo and methodology.

 

i am currently trying to understand the NR7 (narrow range 7) and have some questions.

 

1) How do one ascertain the start of counting of the first of the 7 days? Based on what i see from the list of NR7 tutorial or explanations, it seem it is always a nice order, where the starting of the day 1 to day 7 and then another day 1 to day 7 but real chart don't happen that way. So how to check NR7? Besides, sometimes i see NR7 near to another NR7, i am confused.

 

2) For NR7 bar (long), the low tail is meant as a stop loss, but how do one merge this idea with the position sizing?

 

3) finally is NR7 meant for daily trading time frame, what about 15 min time frame?

 

thank you reading and posting your comments and guidance.

[zdo 20]

1) How do one ascertain the start of counting of the first of the 7 days? Based on what i see from the list of NR7 tutorial or explanations, it seem it is always a nice order, where the starting of the day 1 to day 7 and then another day 1 to day 7 but real chart don't happen that way. So how to check NR7? Besides, sometimes i see NR7 near to another NR7, i am confused.

 

The patterns can overlap and occur anywhere and the original ( ie reference ) testing on this pattern was based on trades taken on any occurrence of the pattern.

... But as we discussed in VSA thread, to really ‘leverage’ these types of patterns, they must be implemented / traded only in certain contexts.

 

“Find the narrowest range bar of the last seven bars (NR7) to locate this sudden congestion breakout. Its predictive power lies in the location where it appears. NR7s work best right in the middle of congestion, or when price pushes repeatedly against a major barrier. When the signal works, it works fast and triggers a major price expansion without a pullback.” Alan Farley

 

2) For NR7 bar (long), the low tail is meant as a stop loss, but how do one merge this idea with the position sizing?

Ultimately, it’s best not to merge this idea with the position sizing

 

3) finally is NR7 meant for daily trading time frame, what about 15 min time frame?

It will show up and may even ‘work’ on any timeframe... but, in general, you will miss too many trades narrowing your criteria to just this setup in congestion breakouts on intraday charts...

 

fwiw

The trade triggers with the most 'beautiful' results look 'average' ... 'beautiful' triggers yield average results

 

tennis anyone?

 

zdo

[prokaryote 10]

Hello. Prokaryote here.

I am trading ETF's. I am a student and attempting to build my account to pay for school. Right now my focus is on UVXY. I have been watching this ETF for approximately 1 year and have been placing occasional trades. I would like to know whether you or anyone else who reads this is and/or has traded UVXY?

[Bevold1994 10]

I am new here and i hope all you guys will welcome me here.

[Reveletron 10]

I saw The Big Short recently and became fascinated. I read the book. I'm reading other books now. I have no illusions about overnight success, I'm just trying to learn and absorb as much as I can, and eventually start trading conservatively.

 

I need some occupation with a flexible schedule, because my son lives far away and I need to be able to see him for weeks at a time, and I simply cannot have a conventional full time, or even part time, job. I also need to be able to travel for personal reasons. I have studied online marketing and business for a while, but I simply do not have a product to sell, I can't think of anything to be or do. And I'm not paying $1200 for a drop shipping course from the other pesky marketers who are trying to make a dollar off me. This is something I want to pursue and understand...

 

And I would probably paper trade for a while too. Anyway I have LOTS of detailed questions so I hope this forum is a good place to be.

 

Cheers,

Chris

[zdo 20]

Chris,

 

3 quick, brutal bullets

 

> TL is not as good of a place for beginners as it once was. Nevertheless, it is still just as good as any of the other trading forum sites.

 

> Trading is performance work. Typically, practical needs cannot be anywhere near the top of the list of why one is entering / doing performance work.

Yes, there are legends about economically or class challenged young men who turned to athletics (also performance work) to get out the ghetto, driven to ‘buy a nice house’ for his mama, or whatever - but in almost all cases of those few that make it, these are ‘stories’ overlayed on the real story. A significant intrinsic drive for the activity itself better be inside there or you will stay in the ~79% that- slowly or quickly - go nowhere in this field.

 

> Only 3% of traders and trading educators (ie the ‘voice of trading’) will give or agree with the following advice. In the beginning - DO NOT PAPERTRADE! It is 'looser' preparation. Leverage your time. Put your bodybrains into the real game from the beginning. Later, when you have selected and are developing your niche method(s) - then you may need and be able to utilize structured practice / papertrading.

 

Wishing you all the best.

 

zdo

 

PS re your other post - learn the diff between exposure and risk ie learn the diff between exposing $3500 and risking $3500... ultimately very important at the level of overall portfolio management...

Edited February 23, 2016 by zdo

[DbPhoenix 42]

.

 

> Only 3% of traders and trading educators (ie the ‘voice of trading’) will give or agree with the following advice. In the beginning - DO NOT PAPERTRADE! It is 'looser' preparation.

 

That's because it's bad advice. Trading without a plan is "loser" preparation, particularly if one is under-capitalized. “Trading to learn” is no more rational nor profitable than playing roulette to learn.

 

Db

[Reveletron 10]

Thanks zdo for the articulate and thoughtful response.

 

I am already starting to feel the weight of this pursuit, so your comments make it all the clearer. I think what daunts me the most right now is, having no financial background, the overwhelming learning curve involved and the complexity of the field, all the moving parts. Most courses tackle the broad trading concepts, but it is still at a general overview level. Reading a few books is not enough, and to implement the concepts in an ongoing flow state would take years. And of course everyone tries to impress by promising $1,500 a day, etc. It's so much more than that.

 

Even reading posts from some other traders here, who have been trading for three years, and just starting to nail down their own rules, what works and what doesn't, and just starting to consistently turn a profit. Still, no one goes into specifics - which is what I need to know.

 

And no one seems to cover (courses, videos and books I am looking at) the technical side of getting set up. How do you choose a broker, how do you open an account, how do you set up the account, how do you set up the necessary charts on your monitor to watch, and will this even work on a Mac? How do you find stocks and actually trade, and what is out there that I do not know that will empty my account.

 

So yeah, I'm not sure. This is scary stuff. But I am sufficiently fascinated to keep learning, and maybe trade when I am comfortable. It is certainly not easy work or easy money.

 

Cheers,

Chris

[zdo 20]

That's because it's bad advice. Trading without a plan is "loser" preparation, particularly if one is under-capitalized. “Trading to learn” is no more rational nor profitable than playing roulette to learn.

 

Db

 

... see folks?

... as expected...

a demonstration that the 'voice of trading' has a prescribed sequence of development for you. A sequence that is sub-optimal ... a long running psy-op ... that all but a few fall for...

 

and now it's choice time.

 

:missy:

 

(btw. db, having watched your progressions over the last 10 - 15 years, I predict that one day you will suddenly see what I’m saying.)

 

all the best,

 

zdo

[DbPhoenix 42]

... see folks?

... as expected...

a demonstration that the 'voice of trading' has a prescribed sequence of development for you. A sequence that is sub-optimal ... a long running psy-op ... that all but a few fall for...

 

 

Actually hardly anyone "falls" for it. They try to learn by doing. Year after year. And the failure rate climbs. And the beat goes on . . .