Good day all 
I'm new here, and I'm new in the market as well.
(please forgive my english, as english is my second language)
A little bit on my bg:
I was first introduced into derivative trading around 4 months ago.
I then decided to join some seminars regarding options and futures.
For options, I have done some simulation with optionsxpress for 3 months with roughly 11 percent return (out of 10,000 capital) I was up to almost 20% actually, but because of some "experimentation" it went down. I mostly long short term, based on momentum. (hit some "jackpot" with apple, sbux, yum, wmt) I usually hold my position no longer than a month.
But upon my own review...I probably was just lucky...starting on earning releases month ^^; plus playing it virtually, so emos are almost non-existant during the 3 mths period.
For futures, I've decided to just participate in trades that met criterias lined during the seminar I joined. I've done a couple of paper trading, and it looks promising. I guess by doing this i will only hold roughly one month most of the time.
I've decided to join in the market with real money, starting small. Today I just applied to open an account with IB. As i trade, I'll do my best to update this journal to get some feedback
So before my first real trade, I am looking for some...wisdom...from ppl who have many experience in the market. Any volunteer to help this newbie?
Cheers
I'm new here, and I'm new in the market as well.
(please forgive my english, as english is my second language)
A little bit on my bg:
I was first introduced into derivative trading around 4 months ago.
I then decided to join some seminars regarding options and futures.
For options, I have done some simulation with optionsxpress for 3 months with roughly 11 percent return (out of 10,000 capital) I was up to almost 20% actually, but because of some "experimentation" it went down. I mostly long short term, based on momentum. (hit some "jackpot" with apple, sbux, yum, wmt) I usually hold my position no longer than a month.
But upon my own review...I probably was just lucky...starting on earning releases month ^^; plus playing it virtually, so emos are almost non-existant during the 3 mths period.
For futures, I've decided to just participate in trades that met criterias lined during the seminar I joined. I've done a couple of paper trading, and it looks promising. I guess by doing this i will only hold roughly one month most of the time.
I've decided to join in the market with real money, starting small. Today I just applied to open an account with IB. As i trade, I'll do my best to update this journal to get some feedback
So before my first real trade, I am looking for some...wisdom...from ppl who have many experience in the market. Any volunteer to help this newbie?
Cheers