I have read lots of posts, and I know there are lots of professional, full-time traders out there. My ultimate goal is to join your ranks. To that end, I'm hoping to find a few of you experts with generous spirits who can help me out.
I've been daytrading part-time for the past 6 months or so. I've read all the books. I have a good grip on the "soft" skills (discipline, persistence, money management, risk vs reward, etc.). I have a reasonably well funded account with a good broker. I've even managed to survive real live trading over the past several months. I just can't shake the feeling that my results have been more luck (both good and bad) than science.
I'm not looking to make a zillion, just to be consistently profitable. I'm not afraid of putting in the time and effort required for success. I know this profession must be approached like running a business. I have been an independent IT consultant for many years now - so I know all about running a business.
What I've been trying to do along the way is develop a relatively simple and mechanical trading system. I'm looking to build my account and my skill level with consistent, modest profits. I'm NOT interested in taking big risks or chasing a big score.
I would like to hear from the pros who have been there and done that. I know you're out there. The question is, would you be willing to share the nuts and bolts of your trading system with me? I'm not looking for "philosophy" - I'm interested in learning the research process, entry and exit signals, and the actual trading rules that have worked for you.
Thanks in advance for sharing your knowledge and experience.
I've been daytrading part-time for the past 6 months or so. I've read all the books. I have a good grip on the "soft" skills (discipline, persistence, money management, risk vs reward, etc.). I have a reasonably well funded account with a good broker. I've even managed to survive real live trading over the past several months. I just can't shake the feeling that my results have been more luck (both good and bad) than science.
I'm not looking to make a zillion, just to be consistently profitable. I'm not afraid of putting in the time and effort required for success. I know this profession must be approached like running a business. I have been an independent IT consultant for many years now - so I know all about running a business.
What I've been trying to do along the way is develop a relatively simple and mechanical trading system. I'm looking to build my account and my skill level with consistent, modest profits. I'm NOT interested in taking big risks or chasing a big score.
I would like to hear from the pros who have been there and done that. I know you're out there. The question is, would you be willing to share the nuts and bolts of your trading system with me? I'm not looking for "philosophy" - I'm interested in learning the research process, entry and exit signals, and the actual trading rules that have worked for you.
Thanks in advance for sharing your knowledge and experience.