On the job front i've been applying at multiple prop firms in the greater Chicago area trying to land a "Junior Trader" or "Assistant Trader" position at a firm. Anyway I slice it i'm in a rut here in Omaha. Professionally, personally, financially - I need a drastic change. If anyone knows of firms looking to hire or job opportunities out there give me a shout!
On the subject of trading. Awais has been yelling at me for years about just trading off S/R and simplification. I'm making a concerted effort to do just that. I trade with 1 line on the charts these days and nothing else. The only reason I use that one line is to gauge momentum of a trend (i'm looking for steep fast trends to trade in). Beyond that my trades are bare bones simple - support coming resistance and vice versa. The result? Solid on sim (aren't they all?).
But the honest to god truth is once I started looking for this stuff something clicked and I have started to "see" this happening everywhere. I honestly think my ability to read price action has gone up about 1000% in the past two weeks. And that's in no small part to having no distractions on my charts. My only concern is that my risk:reward is a bit better than 1:1. However my win rate is above 75-80% thus far. We'll just have to see how it develops.
Anyhow, thanks for checking in and your continued interest in seeing i'm not dead, down, & out just yet.
Cheers!
27 comments:
Now that's a proper trading setup! Good luck :-)
I always picture myself with a setup like yours man! Anyway, keep blogging and all the best to your trading!
Love the setup! Hoping to get something as thin and large as that someday.
Anyway, I used to have a 5 monitor setup (a whole motley set of monitors with two laptops--12" and 17"--two 17" crts and a 20 or 21" sony crt). It was crazy, and really heavy. Haha. And it does help.
But there were times when I'd take my 12" ibook out to trade on the town (needed a break from the stuffiness). It's funny, but one of those days I was out I made a relative shit load of money trading the ES.
I loved my setup, but it couldn't always beat a nice atmosphere and solid trading :)
Best of luck!
nice computer.. what are those 6 little black boxes under the screen? speakers?
RCM - Yea those little black boxes are 7.1 surround sound... because who wants to trade in silence right?
ANON - I agree about the atmosphere your trading in. I use to work in the basement until I said f-this and moved upstairs and now I work right next to a big window and have lots of nice sunlight and a view.
More power to you (I hope) on that fancy array of screens. Awais is right about trading off S&R, too. Keep it simple. I continue to manage with a single 16" monitor after 3 years of full time YM trading. Honestly I don't know what I'd do with all that screen space other than fool myself into thinking I needed confirmation from 6 other windows before I ever entered a trade that had a 5 second window of opportunity. I'd probably never get a trade off. I realize I'm saying this without having any idea what you're trading. I only trade YM and nothing else, Maybe you are into multiple markets. If so, kindly ignore this.
Yeah, but I got one set a great teeth! Hoga-noga!
Sweet rig! What are the specs on that baby?
Sure hire is without any doubt an option
Are you still trading? I am also young and aspiring. Shoot me and email.
Matt
Michael, what happened to the comments?
How are you doing on your journey. I've been trading for a year and a half now, getting more comfortable with the market. Your journal is interesting, I just stumbled upon it today. Do you plan on entering any other discussions? Thanks for blogging and I look forward to returning to check on your journey.
Michael, you need to be able to accept criticism if you wish to succeed. The positive strokes from the fellow losing blog traders are only helpful to the ego, the main enemy to proper trading.
If you are still trading, check out www.ezalternativeincome.com. It's a great resource for some naked trading.
Hi, Nice post! I noticed a broken link on your site. Please email me back and I would be happy to point it out to you.
Thanks!
Harry
harry.roger10@gmail.com
leave me a comment sometime
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it's having good information for research analysis.I have enjoy it so much! thanks for giving me a good reading moment!
Here’s a good article on 2012 Q4 earnings outlook.
http://tinyurl.com/investing006
Thanks for providing new ideas and updates about the market but I still relu on intraday tips for trading.
Thanks for providing new ideas and updates about the market but I still relu on intraday tips for trading.
Thanks for providing new ideas and updates about the market but I still relu on intraday tips for trading.
After 5 years you're still getting comments!
Hope you're doing well Matt! :)
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