Youth Traders - Fulltime
- Thread starter Xtreme
- Start date
Seth,
It's a combo of candlesticks, elliott, fibonacci, and bollingers.
I stay away from momemtum based indicators and trading systems. I have my own set of rules that I figured out.
I used to scalp the open and try to be done by 10AM, but I stopped tackling on all of that risk. It gets to crazy with large size on minis. So I position trade the intraday a little more. I go for the S&R setups and get confirmation with the combination of strategies that I mentioned already.
I'm really trying to reduce my risk. That is my number one goal. Also, I'm getting better at scaling postions as opposed to going in and out with full force.
What happened was, a few years back, a buddy of mine who is a little older than I, was managing a hedge fund. He got me into finance. From there, I started reading book after book and got deeply into TA.
It's a combo of candlesticks, elliott, fibonacci, and bollingers.
I stay away from momemtum based indicators and trading systems. I have my own set of rules that I figured out.
I used to scalp the open and try to be done by 10AM, but I stopped tackling on all of that risk. It gets to crazy with large size on minis. So I position trade the intraday a little more. I go for the S&R setups and get confirmation with the combination of strategies that I mentioned already.
I'm really trying to reduce my risk. That is my number one goal. Also, I'm getting better at scaling postions as opposed to going in and out with full force.
What happened was, a few years back, a buddy of mine who is a little older than I, was managing a hedge fund. He got me into finance. From there, I started reading book after book and got deeply into TA.
Bullet,
I use a variety of tools do to an overall analysis. I have to say that fib and elliott stuff works best on daily charts; intraday is kind of sketchy.
I stick to S&Rs via trendlines, trend channels, fib channels, and anything that I can draw in. At least with the S&Rs, you know exactly where to get in and out...then you can throw away all of the emotion and bullshit. From there it comes down to how much you can stomach and how big your ballz are.
I use a variety of tools do to an overall analysis. I have to say that fib and elliott stuff works best on daily charts; intraday is kind of sketchy.
I stick to S&Rs via trendlines, trend channels, fib channels, and anything that I can draw in. At least with the S&Rs, you know exactly where to get in and out...then you can throw away all of the emotion and bullshit. From there it comes down to how much you can stomach and how big your ballz are.
at the end of every week & make me seriously consider joining Metooxx in Freeport.I am about 20....im a sophmore in colllege....but im signed up with echotrade...going to take the 7 soon....Ive been trading for a few years (paper, and real) ive learned alot and lost alot 
but that is what makes me want to do better...ive learned lots in the last year....from various goood traders and myself...and i now think i may be ready to trade and become a full time trader...guess well just have to see what happens..
joey
but that is what makes me want to do better...ive learned lots in the last year....from various goood traders and myself...and i now think i may be ready to trade and become a full time trader...guess well just have to see what happens..joey