[INTRO/ABOUT]
Update 2 of the about me section as it's been ages again.
I'm a mechanical engineering student trading some student loan money, this blog documents my exploits as I learn the ropes. I've had a passive interest in the money markets for quite a while, and after reading a few books and doing a lot of research online, decided to put my money on the table in an attempt to become successful in this game.
I've been blogging/trading since late February 2008. If you read my early posts you will cringe at how naive I was - but this is all part of the process. A few big wins, and some substantial losses later, here I am trading in the most difficult climate in decades.
I trade from home when college allows (usually 2 full days, and some evenings). I trade US equities exclusively, however recently I have began analysis of forex markets and have opened a demo account. I trade CFDs through CMC Markets, and although this is not my ideal trading setup, it has to do for now. My FX demo account is with FXCM.
I am a technical trader, almost 100%. I focus on simple chart patterns with attention to moving averages and volume. Before the market meltdown, I was a swing trader that focused on setups ranging from 3-7 days. Given what this crisis has done to the charts, I focus on a much shorter time frame, and no longer use stochastics/macd.
While trading during the day, I pay close attention to the market internals and the S&P 500. I watch TRIN, TICK and IINA/D (depending on sentiment) to time my entries.
I have a strict set of trading rules which I stick to very well. I have developed these rules over the past few months, and they have formed the foundations for my strategies. Prior to these rules I was very inconsistent and I am now beginning carve out an edge.
My risk management rules also help me with my rules. I risk 1.5% of total account value per trade, and work out my position size from there using a spreadsheet I have developed (search the blog), that also tracks my trades and gives me important statistics. My risk reward ratio per trade must be greater than 3.
Trading is taking up a lot of my time at the moment, but outside of it I've got college and all the baggage that goes with it. I hang out with my mates, play football (and pro ev), listen to all sorts of music but mostly electro. I also like to pump iron at the gym like my main man Arnold Schwarzenegger and am a bit of a health food freak.
Thanks for reading and boosting my hits!
TSLR.
I'm a mechanical engineering student trading some student loan money, this blog documents my exploits as I learn the ropes. I've had a passive interest in the money markets for quite a while, and after reading a few books and doing a lot of research online, decided to put my money on the table in an attempt to become successful in this game.
I've been blogging/trading since late February 2008. If you read my early posts you will cringe at how naive I was - but this is all part of the process. A few big wins, and some substantial losses later, here I am trading in the most difficult climate in decades.
I trade from home when college allows (usually 2 full days, and some evenings). I trade US equities exclusively, however recently I have began analysis of forex markets and have opened a demo account. I trade CFDs through CMC Markets, and although this is not my ideal trading setup, it has to do for now. My FX demo account is with FXCM.
I am a technical trader, almost 100%. I focus on simple chart patterns with attention to moving averages and volume. Before the market meltdown, I was a swing trader that focused on setups ranging from 3-7 days. Given what this crisis has done to the charts, I focus on a much shorter time frame, and no longer use stochastics/macd.
While trading during the day, I pay close attention to the market internals and the S&P 500. I watch TRIN, TICK and IINA/D (depending on sentiment) to time my entries.
I have a strict set of trading rules which I stick to very well. I have developed these rules over the past few months, and they have formed the foundations for my strategies. Prior to these rules I was very inconsistent and I am now beginning carve out an edge.
My risk management rules also help me with my rules. I risk 1.5% of total account value per trade, and work out my position size from there using a spreadsheet I have developed (search the blog), that also tracks my trades and gives me important statistics. My risk reward ratio per trade must be greater than 3.
Trading is taking up a lot of my time at the moment, but outside of it I've got college and all the baggage that goes with it. I hang out with my mates, play football (and pro ev), listen to all sorts of music but mostly electro. I also like to pump iron at the gym like my main man Arnold Schwarzenegger and am a bit of a health food freak.
Thanks for reading and boosting my hits!
TSLR.
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